MEOG - Middle East Oil & Gas

Several injured after fire hits refinery in Iran’s Khuzestan

A fire broke out at the small Pars Petro Shushtar refinery in Iran’s oil-rich Khuzestan Province on October 15, leaving six people injured.

Bulgaria approves energy partnership with Oman

Bulgaria’s government approved on October 15 a cooperation agreement with Oman on the global market of LNG, investments in renewable energy projects and sources for electricity storage, it said in a statement after its regular session.

Aramco renews ADES rig contracts

Majority state-owned Saudi Aramco has extended contracts for two onshore drilling rigs with locally listed ADES Holding in a deal worth SAR946mn ($252mn).

Iranian oil prices fall for second month amid slight output rise

Iran's oil prices took a nosedive for the second consecutive month in September, despite a modest uptick in production, OPEC monthly data showed.

Iran and China in stand-off over narrower discounts on Iranian crude oil

Private oil refiners in China are reporting that Iranian sellers are now offering narrower discounts on crude, reflecting attempts to raise prices at a time of heightened tensions in the Middle East.

Red Sea tanker oil flows down in 2024 due to Middle East fighting

The volume of crude oil and petroleum products entering the Red Sea through its southern entrance at the Bab el-Mandeb has declined significantly this year, according to a recent report by the US Energy Information Administration.

Progress on Iraqi gas as quota restrains oil

Iraq has completed FEED work on a major gas project as oil compensation takes effect

Output rises slightly at Iran’s twin oil fields in southwest

Crude production has picked up at the twin Sepher and Jofeir fields in the oil-rich province of Khuzestan in southwestern Iran.

H&P sells ADNOC Drilling shares at $97mn profit

Helmerich & Payne is planning to sell its shares in ADNOC Drilling for a profit of around $97mn.

MEOG: Chevron suspends Leviathan work

Iran’s oil sales to slide to lowest in year amid looming Israeli attack

An international consultancy that tracks tanker flows has reported a drastic drop in oil loading activity at Iran's Kharg Island in the Persian Gulf – its largest oil export terminal – amid the looming threat of an Israeli retaliatory strike.

US broadens Iran oil sanctions over missile attack on Israel

The United States ratcheted up sanctions on the Iranian petroleum and petrochemical sectors on October 11 in the wake of a massive missile strike against Israel earlier this month.

Oman LNG agrees to 4-year supply deal with Japan’s Kansai Electric Power

State-run Oman LNG has agreed to a four-year supply deal with Japanese utility Kansai Electric Power.

Baghdad approves scheme to import Turkmen gas via Iran, Dubai company Loxstone to act as coordinator

CNG on agenda as Iran determined to cut petrol usage

The National Iranian Oil Refining and Distribution Co. (NIORDC) is set to increase the share of compressed natural gas (CNG) in the country's fuel mix through a comprehensive three-stage programme, the company’s CEO said.