MEOG - Middle East Oil & Gas
Aramco reportedly pauses Safaniya onshore tender
Saudi Aramco is reported to have extended the bid deadline for its Safaniya onshore oilfield development project, according to industry publications
Iran unveils first home-grown mobile nitrogen generation unit for oil wells
Iranian engineers have designed and launched the country’s first mobile high-purity nitrogen generation and injection system for use in the oil industry, said Gholamhossein Mirzavand, head of the NISOC engineering department.
Iran’s NIDC deploys eight heavy rigs in five Iranian provinces
Iran’s National Iranian Drilling Co. (NIDC) deployed eight heavy onshore drilling rigs across five provinces to drill and complete wells in oil and gas fields run by the Iranian Central Oil Fields Co. (ICOFC), said the NIDC’s deputy for drilling.
Iran denies asking US for sanctions relief
Iran's National Security Council Secretary Ali Larijani denies Iranian requests for US sanctions relief, saying no message sent to Americans as other party was not ready to reach agreement in previous negotiations. Trump had claimed Iran requested sa
Iraq to save $5bn annually by halting petroleum imports, says senior PM advisor
Iraq’s plan to stop importing petroleum products is expected to save the country $5bn annually. It will represent a significant step toward diversifying the economy
Kuwait launches Jurassic offshore drilling drive
The Kuwait Oil Company has begun drilling in deep offshore reservoirs dating back to the Jurassic period
Kuwait offers heavy crude in December spot tender amid al-Zour refinery disruption
Kuwait Petroleum Corp has offered heavy crude for loading in December via an immediate tender
ADNOC agrees to 15-year LNG deal with Shell
United Arab Emirates’ state-run energy company Abu Dhabi National Oil Company has agreed to supply Shell with 1mn tonnes per year of LNG for 15 years.
Lukoil calls force-majeure in Iraq as sanctions bite
The Russian firm is set to withdraw from its largest international asset as US sanctions measures sink a potential deal with Gunvor
Oil minister says Iran’s oil revenues fall short of H1 target
Iranian Oil Minister Mohsen Paknejad acknowledged that the country had failed to rake in projected revenues from crude and condensate sales in the first half of the current fiscal year.
Iran’s first oil crowdfunding project fully funded in less than four days
The financing process for Iran’s first crowdfunding investment project in the petroleum industry was completed in less than four days through the PetroCrowd platform, following strong investor participation.
Saudi Arabia's industrial production achieves highest growth pace since 2024 on oil recovery
Saudi industrial output rises 9.3% year-on-year in September, highest since early 2024, as oil activities grow 10.1% following OPEC+ production increase of 547,000 barrels daily.
Russian Lukoil declares force majeure on Iraqi oil
Lukoil, Russia’s second-largest oil company, has declared force majeure on its operations at the West Qurna-2 oil field in Iraq due to the impact of US sanctions
Iraq cuts Basra crude selling price for Asia in December 2025
Iraq has lowered the official selling price (OSP) for Basra Medium crude bound for Asia in December 2025 to a discount of $0.35 per barrel to the average of Oman/Dubai prices, compared with a premium of $0.85 in November
ADNOC’s trading arm and drilling subsidiary plans expansions
ADNOC is leveraging efforts across global commodity trading upstream services to maximise value
Iran’s oil sales hit seven-year high despite tougher US sanctions
Iran’s crude oil exports have climbed to their highest level in seven years in defiance of tightening US sanctions, maritime tracking service TankerTrackers said.
Iran nears completion of five anti-flaring projects at Aghajari oilfield
Five projects to capture associated petroleum gas (APG) at Iran’s Aghajari oilfield, one of the country’s largest and oldest fields located in the oil-rich Khuzestan province in the southwest, are nearing completion.
Turkey arrests directors of fuel retailer TP after SOCAR complaint
Police describe around 18,500 tonnes of fuel as "missing".
Iraq and Syria discuss rehabilitation of dormant Kirkuk–Baniyas oil link
Iraq and Syria have agreed to appoint a consultant to evaluate the condition of the long-idle Kirkuk–Baniyas oil pipeline, which has been out of service since 2003 due to war and political instability
Syria signs final agreements for 5GW power generation projects with Qatari Orbacon
Syria’s Ministry of Energy signed final agreements with a consortium led by Orbacon Holding to build and operate power generation plants with a combined capacity of 5,000 MW
Capricorn Energy receives $50mn in overdue payments under Egypt concession deal
Scotland-based oil and gas producer, Capricorn Energy, announced the receipt of $50mn in overdue payments under its concession agreement in Egypt
Iraq’s Basra oil prices drop amid global market decline
Iraq’s Basra crude prices slipped alongside global oil losses, pressured by growing risk aversion across financial markets, a firmer US dollar, and data indicating a rise in US crude inventories.
Oman, Spain seal MoUs on LNG, green methanol
The governments of Oman and Spain on November 4 signed a string of memoranda of understanding (MoUs) in Madrid, including two major energy accords on liquefied natural gas (LNG) and green methanol, TradeArabia reported on November 5.
Iraq begins trial operation of two refineries with combined 140,000 bpd capacity
Iraq has officially begun trial operations at two major refineries ( North Refinery 2 and Saladin Refinery 3), each with a capacity of 70,000 barrels per day(bpd), bringing the country’s total refining output up by 140,000 bpd
Egypt launches international bid round for gas exploration in Red Sea
Egypt’s Ministry of Petroleum and Mineral Resources has launched a new international bid round for oil and gas exploration in four blocks in the Red Sea
ExxonMobil to explore new gas area west of Egyptian Zohr field
US oil and gas supermajor ExxonMobil has signed a letter of intent with the Egyptian Natural Gas Holding Company (EGAS) to explore a new offshore gas area west of the Zohr field, near Egypt’s maritime border with Cyprus
Price drop, discounts result in significant drop in Iranian oil revenues
Only around 32% of Iran’s projected oil revenue for the current fiscal year was realised in the first half, a senior lawmaker said, blaming lower crude prices and steeper discounts offered by Tehran to its buyers.
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