MEOG - Middle East Oil & Gas
Iran’s National Development Fund (NDF) aims to invest $35bn in the petroleum industry over the next five years to help ramp up oil production by 1mn barrels per day (bpd).
Saudi Aramco is gearing up to issue a bond this year, with a focus on longer maturities of up to 50 years, according to chief financial officer Ziad Al-Murshed.
Saudi Arabia’s marine support services sector received a significant boost as the Public Investment Fund (PIF) announced its acquisition of a 40% stake in Zamil Offshore Co., one of the largest offshore support vessel operators in the kingdom.
Kuwait Oil Co. has initiated a bidding process, inviting five international firms to compete for a contract involving the analysis of seismic survey data from western oil fields.
Sanctions imposed by the United States to restrict Iran’s oil revenue have failed to stop crude worth billions of dollars from leaving the Middle Eastern country over the past year on a fleet of shadowy tankers covered by American insurance.
Israel carried out covert attacks on two major natural gas pipelines inside Iran last week, disrupting the flow of heat and cooking gas to provinces with millions of people, two Western officials and a military strategist said.
Pakistan plans to deliver its end of the bargain in a long-delayed pipeline project aimed at carrying Iranian natural gas to the energy-starved country, a source in the Pakistani Ministry of Energy said.
Iraq’s Ministry of Oil intends to compensate for the recent surge in crude production over its OPEC+ commitments for January, pledging action over the next four months.
The Houthi group reported over the weekend that a joint airstrike by the US and UK had targeted the coastal province of Hodeidah in western Yemen.
Iran has resumed gas exports to Iraq as agreed with its neighbour, the Iranian Ambassador to Baghdad said, more than a month after Tehran cut the flow because of “maintenance work.”
Steel pipe manufacturer Tenaris has unveiled a new $60mn industrial complex in Abu Dhabi, aiming to meet the specific needs of the local NOC.
The recent escalation in hostilities in the Middle East between Israel and Hamas has heightened the risk of a wider and prolonged conflict that would significantly impact the global economy and have dire consequences for the Middle East.
Iran is poised to boost production in a major onshore oilfield by 150% as part of a bigger plan aimed at developing underperforming oil and gas fields, Oil Minister Javad Owji said.
China’s imports of Iranian crude tumbled to their lowest level in 11 months, according to data from intelligence firm Kpler, following a standoff over the price of oil from the OPEC producer.
Iran aims to expand its oil and gas refining capacity by more than 30% in a five-year time frame by building new mini and large refineries, the deputy oil minister for planning said.
Two separate explosions targeted Iran’s national gas distribution network on Wednesday, February 14, with Iranian authorities describing them as an act of “sabotage” and “terrorism.”
Baghdad is aiming to reach peak gas production before the end of the decade, a move that could herald a major change in the country’s fortunes
The drilling arm of Abu Dhabi National Oil Co. this week announced its financial results for Q4 and the full year 2023.