MEOG - Middle East Oil & Gas
Delays at Hyundai-Aramco shipbuilding projects
Construction delays have plagued the ambitious shipbuilding projects jointly undertaken by HD Hyundai and Saudi Aramco
Iraq seeks alternative to Iranian gas with floating terminals
Iraq's Oil Ministry has announced plans to install two floating terminals in Basra for gas imports following the US decision not to extend the waiver for importing gas and electricity from Iran.
Energean calls off $945mn East Med sale to Carlyle
The transaction, announced in June 2023, was intended to support Carlyle’s launch of a new Mediterranean-focused oil and gas company.
OPEC+ announces new cuts to balance out higher output
OPEC+ has unveiled a fresh strategy to enforce additional production cuts, aimed at counterbalancing an uptick in output among its member nations.
Aramco launches DAC plant, buys blue H2 business
Aramco has introduced the kingdom's inaugural direct air capture facility for CO2 as part of its growing commitment to climate technology
Turkey’s TPAO partners with US firms to boost oil and gas output
Turkey’s national oil company TPAO has formed a joint venture partnership with US independent oil and gas companies Continental Resources and TransAtlantic Petroleum with the intent to develop shale oil resources.
Iranian oil tankers use forged Iraqi documents
Iranian oil tankers seized by US forces in the Gulf were using forged Iraqi documents.
NYSE-listed Apollo to pay $1bn for 25% of BP unit that operates Azerbaijan to Turkey TANAP gas pipeline
BP and NYSE-listed alternative asset manager Apollo on March 21 announced that they have struck agreements for Apollo-managed funds to purchase a 25% non-controlling stake in BP Pipelines (TANAP).
Iraq’s oil capacity talks spark tensions with Kurdistan
Iraq’s Ministry of Oil has reiterated ambitious plans to raise national oil production to over 6mn bpd by 2029.
Sanctioned Russian tankers may be supplying Syria’s oil needs
Syria’s interim government is reportedly seeking oil shipments from Russian-linked vessels to address a severe energy crisis inherited from the Assad regime.
US sanctions China terminal for Iranian oil trade
The United States has imposed new sanctions on a Chinese petroleum terminal and 19 other entities for trading in Iranian oil as part of the Trump administration's "maximum pressure campaign" on Iran.
Iran’s record-breaking petrol consumption exceeds expectations
Petrol consumption has exceeded expectations in Iran, with consumption peaking at 15mn litres more than planned despite growth projections of 10 to 25%.
US reportedly agrees sanctions waiver on Turkey gas payments to Russia
Turkey has reportedly successfully appealed to the US for an extension to a sanctions waiver that applies to gas payments made to Black Sea neighbour Russia.
Iraq expands gas-powered fleet to 70,000 vehicles
The Iraqi Ministry of Oil announced on March 19 that the number of vehicles running on liquefied gas has exceeded 70,000, noting that procedures for adding gas systems to vehicles have been simplified.
Turkey’s energy minister holds out prospect of Turkish-Turkmen partnerships in developing Caspian Sea oil and gas fields
Turkey is aiming to establish partnerships with hydrocarbon-rich Turkmenistan for the development of Caspian Sea oil and natural gas fields, says Turkish Energy and Natural Resources Minister Alparslan Bayraktar.
Follow us online