MEOG - Middle East Oil & Gas

Iran’s crude loadings drop sharply as tankers return to key export terminal

Crude oil loadings for export from Iran have plummeted sharply since tensions with Israel escalated, hitting their lowest weekly level in two years.

Iran evacuates oil tankers amid fears of Israeli strikes

Iran’s Oil Minister visited Kharg Island as concerns rise about possible Israeli retaliation

Shell signs 20-year naphtha offtake deal with QatarEnergy

QatarEnergy has signed a 20-year contract for the supply of naphtha to a Singapore-based trading subsidiary of Shell.

Chevron suspends Leviathan work because of conflict

Chevron has halted planned infrastructure work on the Leviathan gas field

McDermott secures EPCI contract for North Field South Offshore Pipelines and Cables

US engineering and construction firm McDermott has been selected as the winning contractor by QatarEnergy for an engineering, procurement, construction and installation contract for its North Field South Offshore Pipelines and Cables Project.

PPL reaches settlement for Iraqi block termination

Iraq’s Council of Ministers approved a settlement between the Ministry of Oil’s (MoO) Midland Oil Co. (MOC) and Pakistan Petroleum Ltd (PPL) relating to termination of a concession.

bp in talks on Middle East projects amid target refocus

bp is reported to be in talks on various oil projects in Iraq and Kuwait

Local firms supply Iran’s giant gas producer with 95% of its hardware needs

The CEO of Iran’s largest natural gas producer said most of the components and hardware used in the South Pars Gas Complex (SPGC) to process gas were manufactured domestically.

Iran boosts output in shared oil field by 34%

The Iranian Oil Ministry has managed to ramp up crude oil production by around 34% in one of its shared fields in the oil-rich province of Khuzestan.

Jordan launches first CNG power generation plant

The facility provides electricity for the National Chlorine Industries Co. (NCIC) located in Muwaqqar. The gas used to fire the power station is produced at Jordan’s Risha field.

China, Iranian oil and a possible Israeli attack

Iran’s oil infrastructure is an increasingly important focal point in the escalating tensions in the Middle East, with potential Israeli strikes on Iran’s energy sector raising concerns over the impact on China.

KOC making progress towards targets

Kuwait Oil Co. (KOC) is making significant progress toward its long-term energy and environmental objectives, including the goal of generating 17 GW of power by 2050.

Iran's oil minister visits main export terminal in Persian Gulf amid Israeli threats

Iranian Oil Minister Mohsen Paknejad on October 6 arrived on Kharg Island in the Persian Gulf – the country’s largest oil export terminal – amid threats of a possible Israeli attack on Iran’s petroleum infrastructure.

MEOG: Missile strike sees oil prices jump

Iran reportedly removes oil tankers from Persian Gulf terminal fearing Israeli attack

Iranian oil tankers have left the country's largest oil terminal amid fears of possible Israeli air strikes, TankerTrackers.com, a website focused on the oil trade at sea said on social media platform X on October 3.

Oil prices jump 5% after Biden comments on potential Israel-Iran escalation

Crude oil prices surged 5% on October 3 after President Joe Biden said the United States was "discussing" the possibility of Israel striking Iran's oil industry.

Output on decline in Iran’s oil giant in recent years, CEO says

The managing director of Iran's largest oil corporation said that the company’s crude oil output had been on the slide in recent years.

Israel could target Persian Gulf oil installations over missile attack

Israel is likely to retaliate against Iran's massive missile attack on Tel Aviv and other cities on October 1 by targeting the Islamic Republic's oil facilities, amid a dramatic escalation of tensions in the Middle East.

Development of South Pars, Kish gas fields top priorities of Iranian Oil Ministry

Deputy Oil Minister Hamid Bord said a pressure-boosting project in the gigantic South Pars gas field, the development of its Phase 11, and the development of the adjacent Kish gas field were the three high priorities of Iran's petroleum industry.

ADNOC Drilling finalises establishment of unconventionals arm

ADNOC Drilling has finalised formation of its unconventionals-focused Turnwell JV

Venezuelan vice president visits Turkey to discuss energy cooperation

Saudi Arabia kicks off operations at Hawiyah storage unit

Operations began this week at Saudi Arabia’s Hawiyah Gas Storage facility, which sits atop the Kingdom’s supergiant Ghawar oilfield in the Eastern Province.

Kuwaiti analyst calls for greater focus on Burgan

A Kuwaiti oil sector commentator this week called for state oil firms to ramp up their focus on breathing new life into the country’s key oil asset, the Greater Burgan oilfield.