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    Offshore Gas Field Nod From The US To Trinidad And Tobago

    Uganda Begins First Oil Drilling Project Under $10bn Scheme

    Dutch government invites Shell, Exxon to join $2.6B subsea carbon storage plan

    TechnipFMC awarded $250 million subsea service contract offshore Brazil

    Sinopec creates record by drilling 8,725 meters deep oil, gas field

    Uganda expects oil production by 2025 with new drilling activity

    Trillion Energy to increase gas production at SASB gas field with three new side-track wells

    Total-Eni partnership in offshore gas drilling

    PETRONAS awards three production sharing contracts offshore Malaysia

    Perenco Brazil’s FSO ‘sets sail to Pargo Cluster offshore Brazil

    Eni Ghana launches Business and Market Fair in Sanzule, Western Region

    Eni to invest $8 billion in two Libyan natural gas fields

    Norway Plans To Offer Record 92 Oil & Gas Exploration Units

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    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

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    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

    QatarEnergy, GE to develop carbon capture roadmap

    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

    offshore contract by Al Yasat Petroleum

    INEOS and partners approved to develop Solsort field offshore Denmark

    TechnipFMC awarded significant subsea contract for Shell’s North Sea development

    Petronas hires Maersk semi-submersible for Suriname exploration

    PETRONAS Announces New Gas Discovery in Central Luconia Province, Offshore Malaysia

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    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    CNOOC Limited Announces Key Operational Statistics for Q1 2020

    Aramco announces second quarter and half-year 2020 results

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Saudi Arabia could to expand pipeline to redirect oil from Strait of Hormuz

venkat by venkat
August 5, 2019
in News, Upstream
0
Staoil pipeline

The situation in the region has been strained following a series of incidents involving Iran, the US, and UK, leading to transit through the Strait of Hormuz being considered unsafe. Several countries have already called for safety of navigation to be ensured through the vital oil shipping lane.

Saudi Arabia is planning to boost the output capacity by 40% of a pipeline belonging to state oil company Saudi Aramco that runs from the country’s east to the Red Sea coast in the west by 2021, Energy Minister Khalid al-Falih told Reuters.

The move comes in response to the situation in the Strait of Hormuz, with Saudi Arabia aiming to reroute some of its oil exports from the waterway to the port of Yanbu on the shore of the Red Sea.

The pipeline’s current capacity is five million barrels per day, but the country plans to increase it to seven million. The minister believes the expansion will take around two years, but an anonymous source in the industry told Bloomberg that it could be completed as early as September 2019. But even without an expansion, the pipeline is working below its maximum capacity, leaving Saudi Aramco with space to manoeuvre.

Khalid al-Falih also noted that oil importers should still ensure the safety of passage through the Strait of Hormuz, and thereby shipments of maritime oil exports from the Gulf, themselves.

“[Importers] have to do what they have to do to protect their own energy shipments because Saudi Arabia cannot take that on its own”, he said.

Tensions have recently escalated in the Gulf region. Soon after the US started boosting its military presence in the Middle East, sending additional troops, a regiment of strategic bombers, drones, and an aircraft carrier strike group, Iranian air defences downed an American drone that Tehran said had violated its airspace.

Weeks after the incident, the US claimed that it too had downed an Iranian drone on 19 July after it allegedly approached too close to the USS Boxer amphibious assault ship. Tehran denied losing a drone and presented footage from it showing the American vessel as proof. Washington subsequently claimed that the ship could have downed two Iranian drones on the same day, but is “confident” only of one.

The situation in the region was further worsened after Tehran warned that it could detain a UK ship in the Gulf in response to the seizure of the Grace 1 tanker, which was carrying Iranian oil, by British authorities in Gibraltar on 4 July.

London claims the oil was destined for Syria in violation of EU sanctions, but Tehran has denied this. Iran seized the British-flagged tanker Stena Impero last week over maritime violations, but noted that it was not in “retaliation” for the Grace 1.

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