MEOG - Middle East Oil & Gas

ENOC and QatarEnergy sign condensate supply deal

The UAE’s ENOC Group and QatarEnergy have announced a 10-year agreement for the supply of condensates to ENOC Group, starting from this month.

Thailand in negotiations with Qatar for long-term LNG supplies

The possibility of Thailand securing a small-scale contract from the world’s leading exporter, QatarEnergy, is, however, being seen as a possible lead into future discussions on increased imports,

Iraq’s IDC provides drilling update

Iraq’s Ministry of Oil (MoO) this week announced that its drilling subsidiary, the Iraqi Drilling Co. (IDC), drilled or reclaimed 86 wells throughout the country during the first half of 2023.

Petropars moving towards Balal production

Iranian offshore operator Petropars expects to begin gas production from the Balal field within the next two years, with work set to begin on a production platform.

Japan looks to Qatar for LNG in effort to diversify supply

Facing growing energy security concerns, Japanese natural gas buyers are in talks on new LNG supply contracts with Qatar. With Qatar increasing output, a handful of Japanese companies are seeking to secure long-term supply contracts.

Edison CEO says EastMed gas pipeline still in play

Nicola Monti, CEO of Italy’s Edison Group, said last week that the proposed EastMed Gas Pipeline, which would stretch from the gas fields in the East Mediterranean to Crete, Greece and on to Italy, is still a viable project.

Iran and Iraq talk shared fields with eyes on output uptick

Iranian Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdulghani met in Vienna this week to discuss the implementation of joint oilfields.

MEOG: Focus on Kuwait-Iran border talks

Intensive negotiations between Iranian and Saudi oil ministers in Vienna

Javad Owji, Iran’s Oil Minister, and Abdulaziz bin Salman, the Energy Minister of Saudi Arabia, held secretive discussions on late on July 5 on the sidelines of the first day of the eighth international seminar of OPEC in Vienna.

Kuwait calls on Iran to negotiate on maritime border

Kuwait has called on Iran to come to the table and negotiate on the demarcation of their shared maritime border as the Arab state looks to begin drilling at a contested gas field.

OPEC+ members plan deeper cuts ahead of meeting

The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.

ADNOC Gas makes billion-dollar pipeline construction awards

The gas arm of Abu Dhabi National Oil Company (ADNOC) this week announced the award of $1.34bn in contracts for the expansion of its natural gas pipeline network.