MEOG - Middle East Oil & Gas

5 October 2023

QatarEnergy signals intent at home, overseas

4 October 2023

The gas giant is pressing ahead with its massive LNG expansion project and, together with its partners, has bid on two new licences in Lebanon

Cyprus, Chevron extend talks on Aphrodite field development

4 October 2023

The Cypriot government and US energy giant Chevron have agreed to extend their discussions on the development plan for the offshore Aphrodite gas field in the Cyprus exclusive economic zone until 5 November.

Bahrain’s Bapco Energies nearing asset monetisation move

4 October 2023

Bahrain’s state oil and gas holding company Bapco Energies said this week that it could announce plans to leverage its assets to raise funds, more than 18 months after it hired advisers to support such a move.

Drilling oil rig stolen in southern Iran

4 October 2023

Semi-official Fars News Agency confirmed the theft, quoting eyewitnesses as saying that trucks bearing “Tehran number plates” took away the oil rig from “70 kilometres” outside the provincial capital Ahvaz.

TPAO raises gas production from Sakarya

4 October 2023

Turkish Petroleum Corp. (TPAO) this week announced that it has increased gas production from the offshore Sakarya gas field in the Black Sea.

NewMed bid under review as panel pushes for higher price

4 October 2023

An independent panel appointed by NewMed Energy to review a $2bn bid to buy a 50% stake in the company has recommended an increase in the asking price.

Iran minister says four more oil and gas fields discovered

4 October 2023

Iran has discovered three oilfields and a gas field in the past two years with sizable hydrocarbon reserves, Oil Minister Javad Owji said on October 4, as the country has stepped up nationwide seismic exploration for oil and gas.

Iran signs deals with local tech firms to restore sluggish oil wells

4 October 2023

Iran’s Petroleum Industry Innotech Park (PIIP) has signed four deals with local knowledge-based companies aimed at restoring five sealed and underperforming crude wells, the Shana news agency reported on October 2.

Iran oil output hits new high in over five years

3 October 2023

Iran’s crude output has hit a new record high since 2018, the year the United States reimposed and reinforced sanctions on the country.

Iran misses out on $4.6bn potential earnings annually over gas flaring

2 October 2023

Gas flaring in Iran over the past decade has resulted in an annual loss of $4.6bn, according to a parliamentary report carried by the Fars News Agency on October 1.

State media denies Iranian oil minister’s resignation

2 October 2023

Citing “informed sources” in the Iranian Oil Ministry, IRNA said Owji was “following up on the issues related to his ministry,” rejecting reports about his resignations as “false news.”

Iran’s daily diesel output up by 16mn litres

2 October 2023

Iran has boosted its daily output of high-quality diesel after bringing online a processing plant at the Isfahan Refinery as part of efforts to tackle fuel demand and smuggling, said a report published by Shana on September 30.

Iran to revive idle wells to push up oil output

2 October 2023

Iran intends to step up its daily crude production by bringing its idle wells back online, an oil ministry official said on October 2, as the country is pumping more oil into the global market amid an unofficial waiver by the United States.

Chinese firms complete Iraq’s Halfaya gas plant

2 October 2023

Iraq this week launched a gas processing plant at the Halfaya oilfield in Maysan Governorate, following completion of work on the facility by the Chinese developer and its contractor.

Saudi Aramco purchases interest in LNG developer MidOcean Energy

29 September 2023

Saudi Arabia’s state-run petroleum and natural gas company Saudi Aramco revealed on September 28 that it has purchased a minority stake in LNG company MidOcean Energy.