MEOG - Middle East Oil & Gas

LSE-listed oiler Gulf Keystone scraps dividend plans with Iraqi Kurdistan oil flows to Turkey still blocked

Subsea7 awarded contract by Turkish Petroleum for Sakarya Black Sea gas field development second phase

Eni chief says EastMed Gas Pipeline would need Turkey’s participation

Eni CEO Claudio Descalzi has told an Italian parliamentary committee that construction of the proposed 1,900-km, $6bn EastMed Gas Pipeline would require the participation of Turkey if it is to become a reality.

Another well completed at Majnoon

Iraq’s Ministry of Oil has reported the completion of another well at the supergiant Majnoon oilfield in the southern Basra Governorate.

Iran planning to launch large condensate refinery within 10 months

nogaholding sukuk five times oversubscribed

Bahrain’s Oil & Gas Holding Co. (nogaholding) has announced the successful pricing of $750mn worth of international trust certificates, which are set to mature on May 25 and carry a profit rate of 6.625%.

Another Yemeni exploration deal flops

A deal was signed last week between Yemen’s Houthi-backed Ministry of Oil and Minerals and Anton Oilfield Services Group (Antonoil) relating to oil exploration, only for the Chinese firm to nix it a few days later.

NIOC launches second phase of South Pars Oil Layer

The National Iranian Oil Co. held a ceremony last week to kick off work on the second phase of the South Pars Oil Layer project on the final day of a conference in Tehran.

Iran’s oil exports have doubled despite ‘cruel’ sanctions says petroleum minister

Cyprus subdued in response to Eni statement that Turkey’s participation needed for EastMed pipeline to go ahead

MEOG: EPC contract awarded for Qatar’s NFS

Trade between Iran and India falls 24% y/y to $510mn in 1Q23

QatarEnergy awards consortium $10bn contract to develop major gas field

QatarEnergy has awarded a consortium comprised of France’s Technip Energies and Consolidated Contractors Co. (CCC) a $10bn contract to develop a major gas field and build liquefied natural gas trains, media sources reported.

Turkey doubles imports of Russian Urals oil in first half of May

Iran’s oil minister announces Russia to invest in six additional oil fields

Developer provides update on UAE-India pipeline

The plan involves the development of a subsea pipe, running around 1,300 km to connect gas resources in the UAE and Oman to Gujarat in western India. It would be laid at a water depth of around 3,400 metres.

Retired US admiral warns international community will have to respond to Iran seizing tankers

Tehran grabs three vessels in 19 days from Gulf waters.

Consortium awarded $10bn EPC for Qatar’s NFS project

A consortium of engineers has been awarded a $10bn engineering, procurement and construction contract from QatarEnergy for two trains on the 16mn tonne per year North Field South (NFS) LNG project.

Israel considers gas link to Cyprus as ministers discuss LNG plan

East Mediterranean gas sources Israel and Cyprus are holding discussions this week to look at the possible construction of a gas pipeline from Israeli gas fields to Cyprus, where a newbuild LNG export facility would be constructed.

KPC signs knowledge-sharing agreement with Shell

State-owned Kuwait Petroleum Corp. (KCP) this week signed a deal with UK-listed super-major Shell for the exchange of industry expertise across the oil sector.

Iraq announces supplementary bid round, adds reserves

Iraq’s Ministry of Oil (MoO) has invited IOCs to bid for concessions to develop 13 fields and exploration sites in an addendum to the recently concluded Fifth Licensing Round (LR5).

Saudi Arabia, Netherlands sign green hydrogen MoU

Saudi Arabia and the Netherlands last week signed a memorandum of understanding to co-operate on the development of green hydrogen at the World Hydrogen Summit in Rotterdam.