MEOG - Middle East Oil & Gas

20 October 2023

QatarEnergy and Shell sign deals to supply LNG to Netherlands

19 October 2023

State-owned QatarEnergy and IOC partner Shell this week signed two long-term sale and purchase agreements to supply up to 3.5mn tonnes per year of LNG from Qatar to the Netherlands.

Turkey’s Botas denies debt owed to Gazprom stands at $27.5bn

18 October 2023

Trade media report, meanwhile, reveals European Commission is probing deal on Bulgaria’s gas incumbent Bulgargaz accessing gas supplies via Turkey. Potential competition law breaches identified.

Oil could soar to $150 on expansion of Israel-Gaza conflict

18 October 2023

Fears of a wider conflict in the Middle East have put global oil markets on guard amid Israel's relentless attacks on the Gaza Strip where the Palestinian group Hamas launched a surprise cross-border strike against Israel on October 7.

Rumaila output to rise to 1.4mn bpd

18 October 2023

The consortium responsible for developing Iraq’s supergiant Rumaila oilfield intends to raise production from the field to 1.4mn barrels per day by the end of the year.

Saudi spare capacity update grabs headlines, but no change yet

18 October 2023

Comments this week by the head of Saudi Aramco regarding spare production capacity were jumped on by the press, but the underlying numbers show that the company has yet to achieve its long-term ambitions.

Iran to raise daily oil production to 3.5mn barrels per day by year-end, says NIOC chief

17 October 2023

Iran is poised to ramp up its oil output to 3.5mn barrels per day, the head of the National Iranian Oil Co. (NIOC) said, days after the country put its daily output at over 3.3mn bpd.

Iran calls for industrial investment in natural gas storage

17 October 2023

The National Iranian Gas Co. (NIGC) has called on large industries to invest in the aboveground storage of natural gas, as the country seeks to improve its ability to manage and respond to fluctuations in energy demand effectively.

IEA declares end to "Golden Age of Gas"

16 October 2023

The energy crisis triggered by Russia’s invasion of Ukraine effectively marks the end of the 10-year Golden Age of Gas, the International Energy Agency said in its medium-term gas market report this month.

Ramifications of Israel-Gaza conflict could affect rest of MENA, says Capital Economics

16 October 2023

The outbreak of conflict between Hamas and Israel has not yet spilled over into the wider region. But the situation is in flux and, if Iran is pulled into direct conflict, the ramifications for the region would be a lot larger.

Iran opens largest privately built refinery

16 October 2023

Iran on October 13 brought on stream its largest privately built refinery in the southern city of Mohr, Fars Province.

Iran claims biggest onshore natural gas field in south

16 October 2023

Iran has discovered a natural gas field estimated to contain 22 trillion cubic feet of gas (more than 620bn cubic metres), Oil Minister Javad Owji said.

Iran can become regional ‘energy hub,’ says oil minister

16 October 2023

Iran is seeking to become a regional “energy hub,” linking regional oil and gas suppliers to customers in Asia and Europe, Iranian oil Minister Javad Owji said.

Iran’s oil output surpasses 5-year record of 3.3mn bpd, minister says

16 October 2023

Iranian Oil Minister Javad Owji said the country’s daily crude production has topped 3.3mn barrels despite US crippling sanctions.

Iran’s gas hub initiative a pipedream if challenges remain unaddressed

16 October 2023

Iran, which has the world's second-largest natural gas reserves, is seeking to become a “gas hub” in co-operation with neighbouring countries; this is an ambitious goal that faces many challenges.

Iran, Russia research centers agree to work on energy projects

13 October 2023

Iran’s Institute for International Energy Studies and Russia’s Roscongress Foundation have signed a memorandum of cooperation to carry out collaborative research on investment opportunities in the oil and gas industries.

Middle East instability threatens regional LNG exports

12 October 2023

The ongoing conflict between Hamas and Israel is casting a shadow over Israel's natural gas exports, but the broader concern in the global natural gas market hinges on the potential for the conflict to escalate further.

Iran eyes Persian Gulf ‘gas hub’ with Russia

12 October 2023

Iranian Oil Minister Javad Owji called for the establishment of a “gas hub” along the country’s Persian Gulf coast in collaboration with Russia.