MEOG - Middle East Oil & Gas

11 September 2024

Iran demands 'equal footing' with Kuwaiti and Saudi plans to drill for gas in Gulf

10 September 2024

A senior Iranian military official on September 10 called on the oil and foreign ministries to push for Iran's right to develop a disputed gas field in the Persian Gulf.

OQ plans IPO of exploration arm

10 September 2024

OQ plans to list a minority stake in OQ Exploration & Production on the local stock exchange

QatarEnergy signs deal for six more QC-Max LNG vessels

10 September 2024

State-owned QatarEnergy has signed a deal with China State Shipbuilding Corp. (CSSC) for the construction of six QC-Max LNG carriers, in addition to the 18 vessels is ordered from the company earlier this year.

ADNOC buys stake in ExxonMobil's Baytown project

10 September 2024

Abu Dhabi National Oil Co. (ADNOC) has signed an agreement to acquire a 35% equity stake in ExxonMobil’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas.

Iran trumpets ‘energy hub’ ambition ahead of key gas meeting

9 September 2024

Iran has the potential to become an “energy hub,” Oil Minister Mohsen Paknejad said on 9 September, as he met Secretary General of the Gas Exporting Countries Forum Mohammed Hamel in Tehran ahead of a GECF gathering in the Iranian capital.

Iran seeks to commission small oil field in country's north

9 September 2024

Iran is looking to extract crude oil from a small field in the north-western province of Ardabil to supply a major refinery in the region.

OPEC+ delays planned unwinding of cuts amid pressures

9 September 2024

In June, eight members, including Saudi Arabia, Russia, Iraq and the UAE, said that they would begin unwinding some of their “voluntary” cuts from October.

Iraq aims to boost oil production to 6mn barrels by 2028, says oil ministry

9 September 2024

Iraq’s Ministry of Oil has unveiled plans to increase oil production to 6mn bpd by 2028, while highlighting cost savings from advanced drilling technologies.

Iran eyes expediting oil output in shared fields

8 September 2024

Iranian Deputy Oil Minister Hamid Bord called for a new plan to further develop West Karun – an oil-rich region in the southwest where Iran shares three major fields with neighbouring Iraq.

Russia-Iran supply deal to create ‘huge’ market for Russian gas, says Putin

6 September 2024

Russian President Vladimir Putin said on September 5 that a gas supply deal with Iran would create a “huge” market for Russia due to a strong demand for energy the region.

Premium energy basins: Focus on emissions reduction as oil and gas demand persists [Energy Insights]

6 September 2024

Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand.

Shell to cut 20% of exploration staff as CEO expands cost-saving drive to core oil business

5 September 2024

CEO Wael Sawan is targeting a 20% cut in these divisions, extending his cost-saving initiatives beyond the previously affected renewables and low-carbon segments.

Collective effort needed to shore up Iran’s petroleum industry

5 September 2024

Iran's New Oil Minister Mohsen Paknejad has taken the helm of the country's petroleum industry at a time when it faces major economic, developmental, managerial, international and human resource challenges.