MEOG - Middle East Oil & Gas

Iraq considers foreign oil ownership amid pipeline updates

Never one to shy away from tricky negotiations, Iraq is looking to stack the deck in its favour for future oil licensing while taking steps to expand its export infrastructure and bargain hard with Turkey.

QatarEnergy renews naphtha supply deal with Marubeni

State-owned QatarEnergy this week signed a new 10-year deal to supply naphtha to Japan’s Marubeni Corp.

Iraq to hand Akkas contract to Ukrainian company

The Iraqi government is reportedly planning to award a contract for the development of the Akkas gas field to a Ukrainian company as part of its ongoing efforts to harness its underutilised natural gas reserves.

Turkey strikes deal to export natural gas to Romania

OQGN to award pipeline installation and connection contract

Oman’s state gas transmission system operator is reported to be set to award an engineering contract for work to install new pipelines and link them to existing infrastructure.

Turkey’s President Erdogan says joint energy exploration with Israel planned

A first meeting between the Turkish and Israeli leaders in New York during the course of the UNGA brought comments from Turkish President Erdogan that the two East Mediterranean countries would soon begin joint energy exploration in the region.

Iran’s sovereign wealth fund granted authority to export crude oil

Iranian lawmakers passed a law during their session on September 26 that grants the National Development Fund of Iran the authority to engage in the production and export of oil and gas, to settle the government's outstanding debts to the fund.

China’s Bomesc wins EPC deal for Qatar’s North Field

Italian contractor Saipem has awarded Chinese modular fabrication specialist Bomesc Offshore Engineering a $220mn contract to build living quarters as part of Qatargas’ North Field Production Sustainability (NFPS) project.

MEOG: ADES IPO oversubscribed

A slow thaw in frozen US-Iran relations has led to booming oil exports

The deep freeze that has been US-Iran relations is slowly thawing. That doesn’t mean relations will become “good” anytime soon. But it does mean that Iran will be able to slowly reintegrate into the global economy.

Energean announces good results for 1H 2023, Karish production at 6 bcm

The London-listed and TASE-listed company said overall production during the period averaged 105,900 barrels of oil equivalent per day, of which 82% was natural gas produced at the Karish gas field, the company’s main focus of operations.

DNO reports gas condensate find off Norway

The discovery is preliminarily estimated to contain 25-130mn boe in gross recoverable resources on a P90-P10 basis, with a mean of 70mn boe, DNO said. The resources were located in a Jurassic reservoir zone with high-quality sandstones.

Iran’s daily oil output hits 3.3mn barrels

Surge in Iran’s oil output drives remarkable 6.2% quarterly GDP growth

ADES IPO nearly 63 times oversubscribed

Saudi Arabian oilfield drilling firm ADES Holding’s initial public offering was almost 63 times oversubscribed, with orders worth SAR287bn ($76.5bn) received for an offering worth $1.2bn.

ADNOC Drilling continues fleet expansion

The drilling arm of Abu Dhabi National Oil Co. (ADNOC) has continued to expand its fleet of rigs in support of the parent firm’s upstream expansion.

OQ seeks upstream, midstream investors

OQ has announced pricing for the IPO of its gas network arm while also putting minority shares in upstream assets up for sale