MEOG - Middle East Oil & Gas
Iran launches gas output boosting plan as war damage deepens supply concerns
Iran has launched an “action plan” to ramp up natural gas extraction from onshore fields, Oil Minister Mohsen Paknejad said as the country grapples with a widening gas deficit exacerbated by damage sustained during the recent war.
Deal or no deal? Comparing the Iran MoU to the JCPOA
When the US and the P5+1 concluded the Joint Comprehensive Plan of Action in 2015, the document ran to 159 pages, enshrined in UN Security Council Resolution 2231 with a snapback mechanism.
Libya's NOC signs production-sharing deals with energy majors
Libya's National Oil Corporation (NOC) has signed production-sharing agreements with several leading international companies following the country's first licensing round in nearly 20 years
Syria signs gas field development deal with US firms ConocoPhillips and Novatera
Syria’s state-owned Syrian Petroleum Company (SPC) has signed an agreement with US-based energy companies ConocoPhillips and Novatera Energy to develop several gas fields and increase production from existing assets.
Bahrain opens two tenders for Bapco, drawing nine bids
Bahrain's Tender Board opened two government tenders on June 16, with well production testing services for Bapco Exploration and Production drawing competition from nine companies.
Iran says peace memo with US to waive sanctions on oil, petchem exports
Sanctions on Iran’s exports of crude oil, petroleum and petrochemical products will be lifted under a peace memo between Tehran and Washington aimed at ending a war that the United States and Israel launched against the country in late February
South Korea, Qatar reinforce vital LNG supply alliance
South Korea and Qatar held high-level discussions to expand bilateral cooperation in energy and advanced industrial sectors, the South Korean Ministry of Trade, Industry and Resources reported on June 15.
New initiative launched to redirect Gulf energy flows away from Strait toward Mediterranean
Syria envisioned as key cog in new energy distribution network.
Iran to drill new wells in three phases of South Pars gas field
Iran will soon begin drilling new wells at phases 22 to 24 of the giant South Pars gas field as part of a development programme aimed at increasing natural gas extraction and completing the expansion of the three phases, a project official said.
After the blockade: what Hormuz’s reopening does and does not resolve
A US-Iran memorandum has reopened the Strait of Hormuz after 108 days, but structural damage to energy markets, insurance and tanker routes will persist well beyond the diplomatic announcement
Egypt and Eni discuss gas output increase and Cronos field link-up
Egypt is currently discussing plans with Italian energy major Eni to increase natural gas production from the company's concession areas in the Mediterranean and the Nile Delta, as well as the Cronos field link-up
Egyptian military transfers 10% stake in Wataneya fuel stations to Taqa Arabia ahead of IPO
Egypt has transferred a 10% stake in 172 Wataneya fuel stations to Taqa Arabia (EGX:TAQA) as part of preparations for a future stock market listing and broader IMF-backed reforms aimed at reducing the military's role in the economy.
Baghdad and Erbil forge pact to shield Kurdistan oil infrastructure
Authorities in Baghdad and Erbil have agreed a joint security framework to protect international oil companies operating in northern Iraq
Iran boosts South Pars Phase 11 output with new well
Iran has brought a new well on stream at Phase 11 of the South Pars gas field, the final development phase of the world’s largest gas reservoir on the Iranian side, adding about 2.5mn cubic metres (mcm) per day to the phase’s production capacity.
Turkey set to take $14bn hit from Hormuz crisis
Think tank Ember calculates cost to Ankara of energy shock caused by Iran war.
Iraq’s petrol imports exceed 118,000 tonnes in Q1 2026
Iraq imported 118,298 tonnes of petrol during the first quarter of 2026, marking a sharp decline from the same period last year, petrol imports between January and March fell by 66.1% to 349,292 tonnes, compared with 1,034,000 tonnes during 2025.
Turkmenistan would risk offending Russia for 30 bcm of Trans-Caspian gas, but likely not 10 bcm, says analyst
Turkmenistan would risk upsetting gas export rival Russia for a 30-bn cubic metre (bcm) Trans-Caspian Pipeline (TCP) but likely not for a 10-bcm TCP, according to an energy analyst.
Egypt adds 12,000 barrels per day from two-week Western Desert investments
Egypt's petroleum sector has added nearly 12,000 barrels per day (bpd) of crude oil and condensates to Western Desert output over the past two weeks
Oman targets 48% cut in upstream oil and gas emissions
Oman’s Ministry of Energy and Minerals is targeting a 48% reduction in greenhouse gas emissions from the country’s upstream oil and gas sector, a senior official announced on June 13.
Libya's oil revenues hit decade high in May on Hormuz crisis windfall
Libya's state-run energy utility, National Oil Corporation, registered its strongest monthly revenue performance in more than a decade in May 2026, as the Strait of Hormuz crisis pushed crude prices to elevated levels.
BREAKING: Pakistan says final text of US-Iran peace deal agreed
Pakistani PM Shehbaz Sharif says a final text of a US-Iran peace deal has been agreed, with Islamabad finalising next steps, as US Vice President JD Vance warns against false claims over the terms.
Ten reasons oil is still below $100 a barrel despite the Iran war
More than 100 days after war in Iran disrupted one of the world's most important energy chokepoints, oil prices remain below $100 a barrel.
India pivots to US for LNG supply
US supplied India with over 40% of its LNG supply in May.
Egypt's Sun Misr wins €46mn gas turbine maintenance contract in Jordan
Egyptian maintenance firm Sun Misr has won an international tender worth €46mn issued by Arab Potash Company in Jordan for long-term gas turbine maintenance at the company's power generation station,
Qatar University signs research and training accord with QatarEnergy LNG in Qatar
Qatar University has signed a memorandum of understanding with QatarEnergy LNG to expand cooperation in education, research and innovation, building on collaboration spanning more than two decades.
Trump says US will hit Iran hard, signals move on Kharg Island oil hub in United States
US President Donald Trump says the United States will hit Iran hard and signals an intention to take Kharg Island and Iran's oil infrastructure, comparing the approach to US policy on Venezuela.
US 'disables' tanker in Gulf of Oman over Iran oil, CENTCOM says
The US says it has disabled a Guinea-Bissau-flagged tanker carrying Iranian oil in the Gulf of Oman, the third merchant vessel struck this week, US Central Command says.
Iran says Strait of Hormuz closed until further notice in Iran
Iran says it has closed the Strait of Hormuz until further notice, in an official notice issued through state-linked channels, as US strikes and explosions across the Gulf mark a sharp escalation.
Egypt seeks to buy 30 additional LNG cargoes for Q4 2026
The Egyptian Ministry of Petroleum and Mineral Resources is currently considering contracts to import nearly 30 additional cargoes of liquefied natural gas (LNG) for delivery during Q4 2026
Kuwaiti inventory drop highlights use of covert Omani shipping route
A sharp depletion of crude stockpiles at Kuwait’s primary export terminal has exposed the growing reliance on a covert, high-risk maritime corridor
Kuwait Petroleum to start gas production from Alexandria's West Mina field in Q4 2026
Kuwait Petroleum Corporation (KPC) announced it would invest in a major gas exploration project within the West Mina offshore area near the Egyptian coastal city of Alexandria,
Iran gas exports to Turkey jump in early 2026 as supply deal nears expiry
Iran’s natural gas exports to Turkey surged 61% in the first four months of 2026, European data showed, as flows remained resilient despite military tensions and damage to parts of Iran’s gas infrastructure during the recent US-Israeli war.
South Pars Phase 11 gas output tops 16.6 bcm three years after start-up, developer says
Natural gas extraction from Phase 11 of the South Pars joint field, the last phase of the world’s largest gas reservoir to be developed on the Iranian side, has hit 16.6bn cubic metres (bcm), the project’s development manager said.
Hormuz disruptions push Iraq and UAE to prioritise alternative export routes
Iraq and the UAE are accelerating plans to expand alternative oil export corridors amid ongoing disruptions to the Strait of Hormuz, which threatens one of the world's most critical energy chokepoints.
Iran eyes 1bcm gas savings through ESCO scheme to partially offset war damage
Iran hopes to save around 1bn cubic metres of natural gas during the current Persian calendar year (March 21-March 20, 2027) through a major energy-saving programme involving private-sector efficiency firms, a senior official said.
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
Iraq and Jordan advance Basra-Aqaba pipeline to diversify oil exports
Iraq and Jordan have renewed discussions on advancing the long-delayed Basra-Aqaba oil pipeline project, as Baghdad seeks to diversify its crude export routes amid growing concerns over regional shipping disruptions.
Iran prioritises South Pars platform overhauls due to wartime damage
Iran’s state-run Pars Oil and Gas Co. (POGC) has completed annual overhauls on two offshore gas platforms at the colossal South Pars field as the country pushes ahead with maintenance work under conditions shaped by the recent war.
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