MEOG - Middle East Oil & Gas

Galfar wins EPC deal for Oman's Bisat oilfield facility

Local Omani engineering firm Galfar has been awarded a contract from OQ Exploration and Production for the Bisat Permanent Power Supply Project in the Sultanate’s Block 60 concession area.

UK Oil & Gas secures loan for activities including Turkish Pinarova-1 project

AIM-listed UK Oil & Gas PLC has secured a GBP3mn loan from RiverFort Global Opportunities and YA II PN that will fund working capital requirements over the next 12 months.

Leviathan partners okay new gas production pipeline

Israel’s NewMed Energy announced last week the partners in the offshore Leviathan gas field had taken an FID to invest a further $568mn to lay a third subsea transmission pipeline from the wells in the Leviathan field to the production platform.

National Gas Company of Iran needs $20bn to grow gas sector

Talks held over Gharraf transfer as Iraq looks for oil uptick

The transfer of Petronas’ share in the billion-barrel field is sure to cause a stir in Baghdad, where hopes to raise output are largely pinned on foreign investment.

MEOG: Launch nears at South Pars 11

Iraq withdraws funding from southern export expansion

The Iraqi Cabinet has withdrawn its previous approval of government funding to facilitate the addition of a new pipeline that would expand its southern oil export capacity.

Platform installed at South Pars 11 as launch nears

Iran this week installed a 3,200-tonne production platform at the final phase of the South Pars gas field development project.

Yemeni oil and gas back in focus amid peace talks

Yemen’s oil and gas sector is facing a precarious future as peace talks between the Saudi-backed government and the Houthi rebels intensify. The war in Yemen has caused oil output to plummet, with the country now producing just 7,000-10,000 bpd.