MEOG - Middle East Oil & Gas
Fire at Iraq’s Baiji refinery leaves one dead, 13 injured
A fire at the Iraqi Ministry of Oil’s Salahaddin Refinery 2 in the Baiji district was brought under control, leaving one worker dead and 13 others injured.
Brent set to fall 10% in 2026, analysts say
The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.
Iran launches $150mn associated gas processing plant to curb flaring near Iraq border
Iran has commissioned an associated petroleum gas (APG) processing plant with a daily capacity of more than 2.3mn cubic metres (mcm) in its western Ilam province near the Iraqi border, aiming to end gas flaring in nearby oilfields.
Iran’s Tous gas field begins production to shore up supply in northeast
The Tous gas field at Iran’s far northeastern edge began extracting natural gas to strengthen the stability of the regional gas supply network.
Iran’s natural gas production hits record high amid winter demand surge
Iran’s processed natural gas production soared to an all-time high of 886 million cubic metres (mcm) per day amid rising winter demand.
Oman engineering firm wins $6.6mn gas field deal
Oman engineering firm gets $6.6mn gas field deal from an oil plant in Oman, a firm that specializes in Oman.
Qatar’s Nebras Energy reports net profit of $373mn
Qatari public entity Nebras Energy concluded the 2025 fiscal year with a net profit of QAR1.36bn (approximately $373.63mn). This figure represents a 3.88% reduction from the QAR1.41bn achieved during the previous twelve-month cycle.
BP reportedly seeking partners for Kirkuk development
BP is actively canvassing for a partner to share the capital burden of redeveloping the Kirkuk oilfield
Iraq joins global ranks of high-quality refined fuel producers
Iraq has brought newly completed refinery projects into operation at 100% capacity, helping to classify the country among producers of high-quality petroleum products.
Iran LNG stalled by sanctions despite revival efforts
Iran’s liquefied natural gas (LNG) sector has made “no tangible progress” in recent years because of US sanctions, despite fresh efforts to advance it, a senior analyst at data and analytics firm Kpler said.
Japan’s Mitsui considers stake in Qatar’s North Field expansion
Japanese trading firm Mitsui is pondering purchasing a stake in QatarEnergy’s huge North Field expansion project.
Foreign firms invited to support Kuwaiti offshore efforts
Kuwait's KPC is set to formally invite IOCs to assist in the development of its nascent offshore sector as the Gulf state chases a production capacity of 4mn bpd by 2035
Iran's IRGC seizes two fuel vessels in Persian Gulf
IRGC Navy seizes two vessels smuggling over 1mn litres of fuel near Farsi Island after months of intelligence work. Fifteen foreign crew members handed to judicial authorities as Iran intensifies crackdown.
Iran to inaugurate 13 small-scale power plants with 79MW capacity
Iran to inaugurate 13 small-scale power plants with 79MW capacity during Ten-Day Dawn celebrations.
Iran’s MAPNA unveils indigenous gas storage compressors
Iran unveiled high-pressure gas storage compressors designed for use at a key underground storage project, a move officials say was driven by sanctions and the non-cooperation of foreign tech holders.
Shell sells 20% stake in Brazil's Orca deepwater gas project to Kuwait Petroleum
Shell agreed to sell a 20% stake in Brazil's Orca deepwater gas project to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for an undisclosed sum.
Qatar and Japan secure long term gas deal
QatarEnergy has formalised a major 27-year contract with JERA to deliver up to 3mn tonnes of liquefied natural gas annually to Japan.
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