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Saudi Arabia to supply full July crude oil volumes to buyers in Asia - sources

Saudi Arabia, the world's top crude oil exporter, will supply full volumes of July-loading crude to its Asian customers, five sources with knowledge of the matter told Reuters on Friday.

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Singapore's Pavilion Energy signs 10-year LNG deal with BP

Singapore's Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from BP's Singapore unit starting in 2024, the companies said on Wednesday, as the city-state seeks to diversify its gas supply sources.

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Hungary agrees 15-year gas deal with Gazprom - foreign minister

Hungarian Foreign Minister Peter Szijjarto has signed a 15-year gas supply agreement with Russian energy group Gazprom to take effect as soon as its existing deal expires in September, he said on Thursday.

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Bulgaria's Kozloduy plant reconnects nuclear reactor after maintenance

By Reuters Staff
1 Min Read
SOFIA, May 27 (Reuters) - Bulgaria’s state nuclear power plant Kozloduy reconnected on Thursday its 1,000 megawatt (MW) nuclear reactor Unit 5 after a planned maintenance and refuelling, the plant said.
Kozloduy, situated at the Danube River, said in a statement that the reactor was reconnected to the national power grid at 0651 GMT, after a clearance by the country’s nuclear regulator. The reactor was shut on April 17.
Its other 1000 MW reactor, Unit 6, whose capacity was temporarily decreased by 50% on May 25 after a shutdown of a pump in its non-nuclear part, was working at a gross load of 752 MW, information at the plant’s website showed. (Reporting by Tsvetelia Tsolova)

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Oil market able to absorb gradual increases in OPEC+ crude production - Kuwait

Kuwait's oil minister said on Tuesday global markets have been able to absorb the gradual oil production increases introduced by the Organization of Petroleum Producing Countries (OPEC) and its allies in May, state-run KUNA news reported.

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GLOBAL-LNG-Asian spot prices rise on summer demand for air-conditioning units

Asian spot prices for liquefied natural gas (LNG) rose this week, as buyers stocked up the power-generating fuel on anticipation that a warmer-than-usual summer will spur demand for air-conditioning units.

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ADNOC to issue exchangeable bonds, offer more shares in distribution unit

Abu Dhabi National Oil Company (ADNOC) said on Wednesday it plans to issue about $1.2 billion in exchangeable bonds and will offer more shares to investors in its listed retail unit ADNOC Distribution.

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UAE's NPCC wins $744 million Abu Dhabi oilfield development contract

By Reuters Staff
1 Min Read
DUBAI (Reuters) - Abu Dhabi-headquartered National Petroleum Construction Company (NPCC) has been awarded a $744 million local oilfield development contract, state news agency WAM reported on Tuesday, citing state-owned Abu Dhabi National Oil Co (ADNOC).
The engineering, procurement and construction contract is for the for the full field development of the Belbazem Offshore Block in Abu Dhabi, WAM said.
The contract awarded by Al Yasat Petroleum Operations Company, a joint venture between ADNOC and China National Petroleum Corporation (CNPC).
Writing by Alexander Cornwell, editing by Louise Heavens

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Maritime shipping to fall short of net zero emissions target - IEA

The maritime shipping industry will fall short of achieving net zero greenhouse gas emissions (NZE) by 2050, the International Energy Agency (IEA) said in a report.

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U.S. imposes sanctions on two Houthi military leaders

By Reuters Staff
1 Min Read
DUBAI, May 20 (Reuters) - The United States is imposing sanctions on two Houthi military officials as the Iran-aligned movement continues its offensive to seize Yemen’s gas-rich Marib region, U.S. special envoy on Yemen Tim Lenderking said on Thursday.
Lenderking, who has been pushing for a ceasefire deal between the Houthis and a Saudi-led military coalition, also told a virtual media briefing that all ports and airports in Yemen should be opened to ease a humanitarian crisis. (Reporting by Aziz El Yaakoubi; Writing by Ghaida Ghantous; Editing by Alison Williams)

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