MEOG - Middle East Oil & Gas
Proxy turmoil in Iraq puts Middle East on edge
Agreement signed to allow for resumption of PNZ output
Iraq seeks bids for Jordan oil pipeline
Bone-chilling threat to US issued by successor to assassinated Iranian general
“We tell everyone, be patient and see the dead bodies of Americans all over the Middle East,” says Esmail Ghaani. Donald Trump claims he “does not seek war”.
US killing of Iran’s top general risks all-out Middle East war
Tehran vows vengeance after Trump-authorised drone assassination of commander often seen as second most powerful figure in Islamic Republic.
Sinopec finishes Al-Zour work as Kuwait makes downstream progress
Armenia looks to Iran to enable gas swap deal with Turkmenistan
Turkish private companies to invest €300mn in expanding natural gas distribution network
Central Bank of Iran to refinance Siraf Refinery
Iran pushes forward with Farzad-B with local firm
Syrian gas fields come back on stream
Lebanese exploration set for January kick-off
Turkish drones flying from Northern Cyprus ‘to escort drill ships seen as illicit by EU’
Armed unmanned aerial vehicles among drones to operate from airport designated by breakaway territory’s cabinet.
Turkey, US to negotiate increased LNG trade in 2020
The US and Turkey are set to discuss ramping up LNG trade early next year.
Greece goes to UN over Turkey-Libya maritime boundaries accord
Gulf Keystone provides Kurdistan update
Drilling award sees activity resume in Kuwait
OPEC+ agrees to deepen cuts
Rouhani says Iran's "resistance budget" has “least possible dependence on oil”
Sales of state bonds and properties to be used to help plug gap caused by lost orders for shipped crude.
Greece expels Libyan ambassador in row over maritime boundaries deal with Turkey that ignores Crete
Turkish SWF to invest in petchem facility
‘Diplomacy breaking out in Gulf as Arab nations back away from Trump-inspired confrontation with Iran’
Turkey’s sovereign wealth fund plans to build $10bn refinery and petrochemicals complex
Turkey’s electricity consumption drops 1.1% y/y in November
Saxo Bank’s Outrageous Predictions 2020
What are the odds on China, Iran and Russia creating a new world currency? On Moscow slashing oil production? And on Hungary making a ‘Huxit’ while Trump gets an election hammering?
Zarubezhneft in line for Omani exploration acquisition
In its first update for a while, CPECC wins West Qurna-1 work
Change at the top at Delek profits tumble
Iran’s oil export claims not without foundation says Tankertrackers.com
Satellite technology firm refers to 700,000 barrels a day possibly successfully shipped despite US attempt to drive consignments to zero.
Absurd maritime deal between Turkey and Libyans ignores presence of Crete says Greece
Agreement set to further complicate disputes between Ankara and regional neighbours over rights to East Mediterranean energy resources.
Qatar delays NFE award, rocks LNG market
Qatar delays NFE award, with progress coming on Al-Shaheen
POGC increases output from South Pars
Ratqa contract award delayed as pushbacks continue
KRG intends to feed oil into Iraqi pipeline next year
ADNOC signs up Honeywell for predictive maintenance work
Investor uptake covers institutional tranche of Saudi Aramco's IPO
Confusion as Iraq reiterates, expands refinery plans
Baniyas refinery resumes full operations after blast
APICORP acquires 24% stake in Kuwait’s Al Khorayef United oil and gas service provider
Russia clears Saudi purchase of Novomet stake
Total set to begin Lebanon exploration
ADNOC awards EPC for Bab expansion
Aramco fires starter’s pistol on $1.7tn IPO
Third platform installed at Iran's South Pars 22-24
Israel's political turmoil holds up economic progress with Jordan
ADNOC signs downstream, LNG deals at ADIPEC
Erdogan warns EU’s decision to hit Turkey with sanctions over Cyprus drilling may disrupt talks with bloc
Mid-2022 seen as end date for BAPCO refinery upgrade
ADNOC extends bidding deadline
EU foreign ministers agree to hit Turkey with sanctions over “illegal” drilling off Cyprus
Leviathan coming on stream ahead of schedule
Aramco publishes IPO prospectus, but still no price
Drilling kit arrives in Beirut ahead of exploration kick-off
Biggest Turkish refiner Tupras plunges to Q3 net loss
Iran pours concrete for second Russian-engineered nuclear reactor facility at Bushehr
OPEC anticipates 2.1mn bpd of refinery closures by 2025
UAE announces increase in reserves
Energean announces strong results from Karish North
UAE makes significant oil and gas discoveries
Iraqi exports fall as unrest reaches oil sector
Genel provides updates as it prepares for Qara Dagh drill
Saudi Aramco launches IPO process
Demiroren: Turkish military pension fund Oyak in talks to buy its fuel businesses, layoffs at its media arm
Aramco IPO kicks off with Tadawul float
Azerbaijani gas ‘won’t flow to EU terminus until at least October 2020’
Delays reportedly caused in construction of final stretch of 3,400-km Southern Gas Corridor that is to make landfall in Italy.
Turkey’s oil product imports up 12% y/y in August
Kuwait strips back output targets, expects PNZ restart
Israel grants licences following disappointing bid round
ADNOC keeps up Ghasha momentum
US grants new sanctions waiver at North Sea field part-owned by Iran's national oil company
PGSR reveals export levels
Hungary could buy LNG from Qatar from 2021
Yemen resumes flows from Shabwa
Aramco IPO delayed again
Iraq receives another four-month sanctions waiver
ADNOC signs Ghasha deal, signals downstream intent
Socar’s drilling unit opens rep office in Turkish capital
Shell puts Egypt’s Western Desert upstream assets on the block
Egypt’s natural gas output hits record 7.2bn billion cubic feet per day in September
Iranian refinery upgrades to Euro-5 petrol output after overhaul
Red Sea tanker story keeps rolling
Bidders compete for EastMed pipeline work
Pakistan’s PM Khan arrives in Tehran to attempt to set up talks between Iran and Saudi Arabia over stand-off
Iran makes large gas find as oil focus turns to shared fields
Turkish drillship set to spud East Med well
Analyst says Iran, China creating fleet of “ghost ships” in cat-and-mouse game to escape US oil sanctions
Pakistan, UAE move closer on refinery project
Pakistan and the United Arab Emirates (UAE) are on the verge of launching construction of a new oil refinery in the South Asian country’s Balochistan Province, an official from the Middle Eastern oil producer has said.
Surging ship-to-ship oil transfers ‘hint at China buying up Iranian oil despite US sanctions’
Lebanon courts international investors
Target wins Aramco EPC gig
Tusk tells Turkey “illegal” drilling in Cyprus EEZ will damage ties between Ankara and EU
CNPC withdraws from South Pars
Jordan announces September imports as Iraqi flows stabilise
Cyprus accuses Turkey of “bullying tactics of an era long gone” as drill ship heads for ‘licensed’ waters
On same day, Greek PM warns Ankara not to “exploit” the migrant crisis for its own ends as overcrowded camps experience sharp spike in arrivals.
Turkish drilling ship ‘heading to Cyprus location already subject to rights awarded by Nicosia to Eni and Total’
IRAN STAND-OFF: Day brings tentative step towards peaceful Gulf outcome
Tehran backs French plan for talks with US as broadly acceptable. Saudi energy minister described as “friend” by Iranian counterpart. Putin refuses to blame Islamic Republic for oil attacks. Riyadh says it wants regional “security and stability”.
Pumps deal progresses Iran’s ambition to build pipeline to enable oil exports from Sea of Oman terminal
GULF ON EDGE: Saudi Arabia hit by ratings downgrade as reverberations from oil attacks spread
In possible sign kingdom is backing off from potential conflict, Iran says third countries have delivered messages from Riyadh.
Erdogan says stopping Iranian imports ‘impossible’, cautions against blaming Tehran
Baghdad, Erbil to seek budget agreement as exports rise
ADNOC Drilling completes first offshore IDS well
IRAN STAND-OFF: Sour conclusion to UN Assembly week as Trump denies ever offering to drop sanctions for talks
Relations deteriorate further as Iran's president says United Nations HQ in New York should be moved to a “better country”. Meanwhile, Turkey’s Erdogan returns home saying Ankara will defy Washington by buying oil and gas from Islamic Republic.
‘Impossible for Turkey to stop buying oil and gas from Iran despite US sanctions threat’ says Erdogan on flight back from New York
Gulf region “on edge of collapse” and “single blunder can fuel big fire” Iran’s Rouhani tells UN
Turkey “barely trying” to cut carbon emissions says National Geographic
“Climate change report card” notes, for instance, that country is pushing ahead with huge expansion of coal-fired plants. Meanwhile, largest lake in the Mediterranean region, Beysehir, seen as on course to dry out by 2040s.
US sanctions prevent Tehran accessing equipment to counter flaring gas and energy pollution says oil minister
Oman still keen on Iran gas pipeline
Trump calls on nations to not “subsidise Iran’s bloodlust’
AB pipeline shut following Saudi attacks
Iran sells products on IRENEX
Asian warning as Saudi seeks to calm markets
At UN France, UK, Germany state Iran was responsible for attacks on Saudi oil facilities
SOMO denies having received Saudi request for crude
Iran’s oil minister says petrochemicals now biggest driver of FX income in face of US sanctions
Saudi Crown Prince marches on with Aramco's IPO against all odds
Turkey among five Western countries backing Libyan state oil firm as sole legitimate authority
Rouhani to present Gulf security peace plan at UN gathering in New York
Iran called Trump’s “stupid, unnecessary, incredibly dangerous bluff” says Brookings Institution academic
Turkey hits out at Greek Cypriots after signing of hydrocarbon exploration deals with energy majors
Iran’s Zarif issues “all-out war” warning
US Secretary of State Pompeo says of Iranians: “It’s not the case you can subcontract out devastation of 5% of world’s global energy supply and think you can absolve yourself from responsibility.”
Qatar Petroleum on LNG push at home and abroad
Qatar Petroleum is moving forward with plans to grow its domestic LNG production capacity, find new buyers and expand its overseas LNG presence.
SAUDI OIL ATTACKS: Iran warns of wider conflict, Trump becomes unlikely fan of UN
Riyadh presents debris it says shows Tehran at least sponsored pre-dawn strikes, Houthis stage press call to substantiate their military capabilities.
TPI urges fossil fuel industry to face up to climate change
SAUDI OIL ATTACKS: US reaches the Iran Rubicon
There’s some tough talk about as White House works out how to respond to weekend’s strikes, but hesitancy shown by key officials in both Riyadh and Washington shows the Iranians may have their foes firmly on the back foot.
Russia takes cautious approach to Saudi events
Iran and Pakistan sign revised gas pipeline deal
NEWSBASE: Market reels as Aramco facilities come under fire
A major attack on Saudi oil facilities has cut production by 5.7mn bpd, but the full effect will not be felt until existing reserves dry up.
Chevron offers to resume PNZ production
China calls for calm after attacks on Saudi oil production
Asia’s oil importers have been left nervously watching the US beat the war drum in response to attacks over the weekend that knocked out 5.7mn barrels per day of Saudi Arabian crude oil production.
Trump stops short of pinning definitive blame on Iran for Saudi oil attacks
Critics may see his cautious approach as evidence of a vulnerability: an aversion to getting dragged into an unpopular Middle East war in the run-up to the 2020 US election.
Gazprom Neft eyes Iraqi gas project
Drone attacks target vital Aramco facilities
Energy-import dependent Turkey sees lira come under pressure after drone attacks on Saudi oil facilities
NEWSBASE: The attacks on Saudi oil infrastructure are the oil industry's 9/11
The attacks on Saudi oil infrastructure could turn out to be the oil industry’s 9/11. Reacting to the news, JP Morgan said: “Clearly oil assets have been massively mispriced. The assumption that production facilities are secure is wrong."
Drone attacks on Saudi oil facilities not set to impact oil flows to Europe in big way
Europe takes little oil from Middle East. It is heavily dependent on Russia for crude deliveries and can turn to Moscow to fill any gaps. The effect on the oil price, however, is a different matter.
Drone attack on Saudi oil facilities to reverberate around the world
Iran’s Zarif accuses US counterpart Pompeo of “max deceit” over claims Tehran was behind drone attacks on Saudi oil facilities
Fraught situation as world waits on US to settle on a response.
Iran raises West Karoun oil extraction target as Chinese move towards major commitments
Chances of “historic photo op” of Trump with Iranians creep up as US president reportedly considers backing French credit relief for Iran
Aramco continues push into LNG
Saudi Aramco is stepping up its participation in the global LNG market, though it still has a long way to go.
Aramco continues Asian downstream expansion as IPO approaches
Bolton firing shows failure of US’s Iran strategy says Tehran as more sparks fly over nuclear deal and oil standoffs
Iran, Saudi Arabia vie for India’s affections
Middle Eastern rivals Iran and Saudi Arabia have expressed their commitment to supplying India with oil and gas as they vie to deepen their relationships with the world’s third largest energy consumer.
US ‘unlikely to win battle against Iran’s oil exports with China, Syria, Turkey still buying’
Adrian Darya spotted off Syria as Iranian tanker news flows
Falih falls further as contracting continues
Iraq announces more drilling ahead of pledge to cut output
NPCC to collaborate with Chinese services firms
Russia considers Iran investment but Crimean oil swaps unlikely
Saudi Crown Prince consolidates power over energy ministry ahead of Aramco privatisation
New pipeline supplies from Azerbaijan factor in Russian gas deliveries to Turkey falling 36% in H1
Europe’s Instex trade channel for Iran ‘won’t work until mirror company, money laundering and terrorism financing goals are met’
US shows no interest in French credit lines plan for Iran, Tehran announces uranium centrifuges step
Iran ‘has hit record levels of petrol production’
Iran frees seven members of seized Stena Impero tanker
PTT seeks Middle Eastern partners
Thailand’s state-run PTT is in talks with Middle Eastern oil and gas producers to help meet the Southeast Asian country’s growing energy demand, company CEO Chansin Treenuchagron has said.
Al-Falih replaced as Aramco chair ahead of IPO
Iraqi crude exports increase though pipeline flows remain subdued
Iraq crude set to arrive in Jordan
Mixed messages on Iran as tanker changes course
Europe can save nuclear deal with credit line or by persuading US to grant oil export sanctions waivers says Tehran
Iranian, Indian officials holding out hope for PTA by 2020
Power supply secured for Basra NGL plant
Operators provide update on Atrush output
Iran claims oil aboard Adrian Darya 1 has been sold
South Pars oil layer to be developed by Iranian firm
Flurry of contract awards for ADNOC
Iranian government looking to shift more focus to selling petroleum products rather than crude
Unpredictable Trump may encounter an unpredictable Iran warns Tehran’s top diplomat
Zarif’s remarks come as Australia and Bahrain agree to back US-led maritime security mission off Iranian coast already supported by UK.
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