MEOG - Middle East Oil & Gas

ADNOC awards early EPC deal for Ruwais LNG project

ADNOC has awarded a contract for early engineering works on its planned Ruwais LNG project to a consortium of services firms.

Bapco Upstream receives bids for seismic work

Bahrain’s state-owned Bapco Upstream has kicked off a bidding process to support a seismic survey to support an E&P push by Manama.

Pipeline and tanker to support Iraqi export efforts

Despite ongoing output restraint among members of the OPEC+ group, Iraq continues to invest in expanding its crude export capabilities from its southern ports.

Kuwait, Iran continue row over Gulf gas field

The long dispute over the Durra/Arash gas field in the northern Persian Gulf has again come to the fore as Iran this week rejected a communique issued by the Saudi Arabian-led Gulf Cooperation Council regarding the sovereignty status of the field.

Aramco aims for Jazan PX unit start-up in Q3

Saudi Aramco is making progress on its planned 800,000 tonne per year PX plant, aiming for a Q3 startup of its Jazan paraxylene unit, according to a comment made by a market source on March 11.

Aramco doubles down on gas push as dividends soar

As Aramco decides what to do with another bumper set of financial results, LNG investment opportunities are on the table.

Iraq in talks with Iran to get Turkmenistan gas via Iranian pipeline

Iraqi Electricity Minister Ziad Ali Fadel said his country was in talks with Iran to use its pipelines to import natural gas from Turkmenistan.

Iraqi ministry discusses gas development with Gazprom

Iraq’s Ministry of Oil is intensifying efforts to bolster the country’s gas sector, aiming to elevate services to citizens while adhering to modern technical and environmental standards.

Iraq completes work on northern pipeline

Iraq’s state Oil Pipelines Co. (OPC) announced this weekend that it the completion of rehabilitation works on the Baiji-Kirkuk oil products pipeline.

Iran crude sales won’t be harmed in case of Trump’s re-election, says oil minister

Iran’s crude oil exports will not be hurt if former US president Donald Trump wins the upcoming presidential election, Oil Minister Javad Owji said amid threats of further sanctions on the country’s petroleum industry.

Iran signs deals to boost pressure in South Pars gas field

Iran’s Oil Ministry has signed deals with local companies to boost pressure in the colossal South Pars gas field under what is deemed as “the most important and strategic plan of the petroleum industry.”

Saudi Aramco profits fall in 2023 on lower oil prices

Saudi Aramco reported a steep 25% decline in profits for 2023 as the energy giant cut production and oil prices fell sharply during the year.

POGC signs deals to improve South Pars gas recovery

Iran’s Pars Oil and Gas Co. has inked a groundbreaking series of contracts valued at $20bn with domestic contractors aimed at enhancing pressure at the South Pars gas field's wells and elevating its recovery factor.

Iran officially launches production at Sepehr and Jofeir oil fields

Iran has officially begun exploitation at two major oil fields in southwestern Khuzestan province to add 50,000 barrels per day to its crude production capacity.

MEOG: KOC tenders for Bahra expansion

Somalia agrees energy deal with Turkey that permits Turkish drilling in exclusive economic zone

Mohammad bin Salman transfers 8% of Aramco shares, company says no impact on business

Saudi Crown Prince and Prime Minister of Saudi Arabia Prince Mohammed bin Salman (MbS) has announced the transfer of 8% of Saudi Aramco's total issued shares to companies fully owned by the Public Investment Fund (PIF).

Turkey signs MoU to transport Turkmen gas to Europe

Turkey and the Central Asian state of Turkmenistan last week signed a memorandum of understanding regarding the transport of Turkmen gas across Turkey to Europe and a letter of intent for cooperation in the field of natural gas.

Iran confiscates US oil by court ruling in sanctions case

Iran confiscated $50mn worth of American crude from a tanker seized last year by order of a Tehran court.

Iran faces renewed pressure from UAE, Kuwait over contested islands and gas field

The United Arab Emirates and Kuwait reiterated claims about the three Persian Gulf islands and the Arash gas field in a joint statement, a few days after the GCC had voiced the same stance in a communique.