MEOG - Middle East Oil & Gas

Eni farms down stake in UAE’s Ghasha concession

Eni has farmed down its 25% stake in Abu Dhabi’s giant offshore Ghasha concession, which contains the Dalma, Ghasha, Hail, Mubarraz, Nasr and SARB fields.

ADNOC reportedly held talks on BP takeover

UAE national oil company ADNOC recently considered the acquisition of BP, but talks did not make progress beyond preliminary stages.

Imminent start-up of Canada’s TMX pipeline may impact Iraq

Canada’s Trans Mountain Expansion (TMX), to start up on May 1, will triple pipeline capacity for exporting heavy oil-sands crude from Alberta to Pacific coast. This may affect the prospects of a similar grade of crude from OPEC member Iraq.

What next for oil markets after Iranian strike on Israel?

For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.

Kuwait names ex oil minister as new PM

In a decisive move aimed at stabilising the political landscape, Kuwait's Emir has appointed Sheikh Ahmad Abdullah al-Ahmad al-Sabah as the new prime minister.

Israeli attack on Iran to cost Biden re-election over possible oil price hike

After Iran's unprecedented attack on Israel in the early hours of Sunday, April 14, global concerns are growing about Israel's retaliatory action that has already pushed oil prices above $90 per barrel.

Iran assures motorists about fuel supply after panic in petrol stations following attack on Israel

The Iranian Oil Ministry gave assurances about uninterrupted petrol supply, after motorists rushed to filling stations in the wake of an unprecedented attack on Israel on April 14.

Gulf Arab states urge restraint in Israel, Iran escalation

Saudi Arabia, Kuwait and the United Arab Emirates have expressed deep concerns over the recent military escalation in the Middle East following Iran's unprecedented direct attack on Israeli territory late April 13.

MEOG: Iraq turns attention to Wasit

Pakistan risks US wrath over intent to complete Iran gas pipeline

Iranian President Ebrahim Raisi plans to arrive in Pakistan on April 22 for talks with Pakistani leaders on regional security and improving economic ties and trade. Top of agenda will be the long-planned, long-delayed Iran-Pakistan gas pipeline.

Aramco to pare back offshore drilling further amid oil project delays

Aramco is expected to trim its offshore drilling fleet further as significant offshore developments.

Saudi raises OSPs for Mediterranean, Asian buyers

Saudi Arabia has raised the official selling price (OSP) for its Arab Light crude oil for Asian and Mediterranean customers in May, according to an Aramco statement released April 5.

Iraq receives bids for construction of 100,000 barrel per day oil refinery

Iraq has received bids from numerous foreign companies for the construction of the proposed 100,000 barrel per day Al-Kut oil refinery in the country’s Eastern Wasit Governate.