MEOG - Middle East Oil & Gas

21 March 2024

KPC head to leverage offshore to support upstream push

20 March 2024

State-owned Kuwait Petroleum Corp. (KPC) is pressing ahead with offshore exploration as it seeks to raise oil production.

GECF sees Turkey gas output at 13 bcm in 2050

20 March 2024

Turkey is viewed as an emerging natural gas producer in Europe, according to the latest edition of the Global Gas Outlook, produced by the Gas Exporting Countries Forum (GECF), which is based in Doha.

BP and ADNOC pause offer for NewMed

20 March 2024

The major deal has been put on hold, citing external uncertainties, but conflict in Gaza may scupper the plan altogether.

GECF strikes bullish tone on gas demand growth

20 March 2024

The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.

Dubai bank shuts Russian oil trader accounts as US sanctions pressure builds

20 March 2024

Dubai’s largest state-owned bank has shut down accounts held by traders of Russian oil.

ADNOC signs second offtake deal for Ruwais LNG

19 March 2024

Abu Dhabi National Oil Co. (ADNOC) this week agreed terms on a 15-year offtake deal with SEFE Marketing & Trading Singapore as the Emirati firm prepares to launch major engineering work.

Iraq to reduce oil exports to 3.3mn bpd

18 March 2024

Iraq's Oil Ministry plans to reduce its oil exports to 3.3mn barrels per day (bpd) in the coming months, citing reports of increased crude production in the semi-autonomous Kurdish region that was not approved by the federal government.

Climate scrutiny surrounds US deal to support Bahrain field development

18 March 2024

The decision by the US Export-Import Bank to provide a $500mn loan guarantee for a drilling campaign at Bahrain’s Awali oilfield has been met with criticism by climate campaigners.

Riyadh engages Wall Street for Aramco share sale

18 March 2024

Saudi Arabia is in active discussions with major Wall Street banks for a significant share sale of Saudi Aramco, to support the Kingdom's ambition to diversify its economy and strengthen its position on the global financial stage.

Iran inks big deals to develop six oil fields

18 March 2024

Iran has signed what it calls the biggest deals in a decade to develop six oil fields in the south and the west, a week after entering into $20bn contracts to boost pressure in the colossal South Pars gas field.

US urges Panama to remove flag from Iranian oil tankers

18 March 2024

A United States special envoy on Wednesday urged Panama to stop Iranian ships from flying its flag, which allows Tehran to transport oil to evade sanctions imposed by Washington.

Oil and gas sectors post 16% growth in nine months says Iran’s top banker

18 March 2024

Iran’s oil and gas sectors grew more than 16% together between March 21 and December 21, the first nine months in the Persian calendar year, the governor of the Central Bank of Iran said.

BP and ADNOC pause buy-in offer for Israel’s NewMed

14 March 2024

Israeli gas producer NewMed has announced that a $2bn offer to purchase a 50% interest made by British supermajor BP and the United Arab Emirates Abu Dhabi National Oil Company (ADNOC) has been frozen.

First North Field modules shipped by Saipem to Qatar

14 March 2024

Italian oilfield services firm Saipem has loaded and shipped the first three North Field modules from Indonesia to Qatar to be installed. The modules include one wellhead production as well as two riser platforms.

Iran remains OPEC’s third-largest crude oil producer in February

14 March 2024

Iran remained the third-largest crude oil producer among OPEC member states in February despite a slight monthly drop in output, a regular study by the Organization of the Petroleum Exporting Countries showed.

US produced more oil in 2023 than any country for sixth consecutive year

14 March 2024

The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.