MEOG - Middle East Oil & Gas
Iran’s NIOC eyes new oil, gas finds in Caspian basin
An Iranian state-run oil giant plans to drill five exploratory wells onshore south of the Caspian Sea in a bid to track down untapped oil and gas fields, a senior official said.
April oil revenues reach $6.7bn as Iraq exports 109mn barrels
Iraq exported around 109mn barrels of oil in April, generating approximately $6.7bn in revenue, according to a statement by the Ministry of Oil and cited by Shafaq News Agency on May 27.
PDO offers acreage within Block 6 concession
Oman's PDO is seeking to attract external expertise for part of its core Block 6 concession.
Saudi Arabia and Kuwait discover new oil field in shared border zone
Saudi Arabia and Kuwait have identified a new oil deposit in the North Wafra Wara-Burgan field through Wafra Joint Operations, located five kilometres north of the existing Wafra field, Asharq Al-Awsat reported on May 26.
State driller digs, repairs 20 wells in Iran’s oil, gas fields in 2 months
The National Iranian Drilling Co. (NIDC) drilled or repaired 20 oil and gas wells during the first two months of the current Persian calendar year, which began on March 21, a senior company official said.
Aramco may seek Jafurah investment, other asset monetisation
Aramco is reported to be considering monetising more gas infrastructure assets as it seeks to generate funds to plug the shortfall created by lower oil prices
TPAO reports further Black Sea success
Turkish Petroleum has reported the discovery of gas with its Göktepe-3 well in the western Black Sea
Turkish tanker operator Palmali loses London lawsuit against Lukoil’s Swiss trading arm Litasco
Turkey-based tanker operator Palmali on May 23 lost a London lawsuit pursued against Russian oil company Lukoil’s trading arm, Swiss subsidiary Litasco, over a purported agreement to supply oil products, Reuters reported.
China’s Geo-Jade Petroleum plans to invest $848mn in Iraq's South Basra integrated project
Omani shipping giant Asyad expands fleet with 2mn barrel tankers
Oman's Asyad Shipping has revealed plans to acquire two crude oil tankers with a capacity of 2mn barrels each, as the company pursues an expansion strategy to strengthen its foothold in regional and international energy markets.
Turkey to supply Syria with 2bn cubic metres of gas annually
Turkey will provide Syria with 2bn cubic metres of natural gas annually to help rebuild the country's energy infrastructure, Turkish Energy Minister Alp Arslan Bayraktar announced on May 22.
Turkish energy minister says Diyarbakir Basin boasts estimated 6.1bn barrels of shale oil
Turkey's southeastern Diyarbakir Basin boasts a shale oil reserve with an estimated 6.1bn barrels, US oil producer Continental Resources has assessed, according to the country’s energy minister.
Oil prices increase as Middle East tensions rise
Oil prices increased slightly on May 19 following a breakdown in talks between the US and Iran over Iran’s nuclear programme, with Brent crude futures lying 13 cents higher at $65.54 per barrel.
Iran increases crude storage capacity by 2mn barrels
Iran has added an additional 2mn barrels of crude oil storage capacity to its Kharg Island export terminal, with tanks 25 and 26 being put back into operation after refurbishment on May 17.
KRG's US energy deals spark fresh dispute with Baghdad
The Kurdistan Regional Government and Iraq's federal government have entered a new dispute over the legitimacy of two major energy agreements signed with American companies, worth "tens of billions of US dollars."
Iran urges Turkmenistan to build new gas pipeline with regional swap capability
Iranian President Masoud Pezeshkian has called on Turkmenistan to factor in regional gas swap potential in the design of a planned new pipeline linking the two countries.
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