MEOG - Middle East Oil & Gas
PetroRabigh completes second waiver of revolving shareholder loans worth $500mn
Saudi-based Rabigh Refining and Petrochemical Company (PetroRabigh) has completed its second waiver agreement for revolving shareholder loans with Saudi Aramco and Sumitomo Chemical Company.
KBR wins contract to support Saudi sustainability work
KBR has been awarded a contract to support Saudi Aramco’s sustainable energy production efforts
Trump calls on OPEC to ramp up oil supply
"Right now the price is high enough that that war will continue," Trump said at Davos.
EU ministers agree gradual lifting of sanctions on Syria
European Union foreign ministers endorsed a roadmap for the lifting of sanctions against Syria on 27 January during a meeting in Brussels.
Iraq seeks alternative to Iranian gas
The Iraqi Ministry of Electricity announced on January 28 that it is working to secure alternative fuel sources after the suspension of Iranian gas supplies.
ADNOC Gas signs $450mn supply deal with Japan’s JERA
United Arab Emirates’ state-run ADNOC Gas has signed a three-year LNG supply deal worth $450mn with Japan’s largest power generation firm, JERA.
KOC announces new offshore discovery as mergers continue
A sizeable new discovery has been made offshore Kuwait as the country maintains upstream momentum and corporate rationalisation
Iran begins developing three small oil fields on Iraqi border
Iran has started the ball rolling to develop three small oil fields in the western part of the country, aiming to crank out 10,000 barrels per day.
Kuwait's new oil discoveries estimated at 4bn barrels
Kuwait has announced two major offshore oil discoveries, with total reserves exceeding 4bn equivalent barrels.
Fire at Iraq's Rumaila oilfield cuts production by 300,000 bpd
A fire broke out at a storage tank inside the fifth gas station at Iraq's Rumaila oilfield on January 24.
Energean projects rising gas output amid Israel optimism
UK-based gas producer Energean anticipates increased production levels in 2025, building on its strong performance in Israel's offshore gas sector.
Iraqi oil minister secures fuel supply for Rajab Pilgrimage
Indian refiners pivot to Middle East following fresh US sanctions
New US sanctions pushed Indian state refiners to request Abu Dhabi National Oil Co (ADNOC) to price its crude on a delivered basis on 21 January, after freight rates rose sharply this week.
Saudi Nov oil exports hit 8-month high at 6.21mn bpd
China and India top importers of Iraqi oil in 2024
S&P sees strong Saudi GDP growth through 2027
Yemen Houthis halt attacks on non-Israeli Red Sea shipping
The Iranian-backed Houthi militia in Yemen has announced that it will halt attacks against all but Israeli-owned shipping in the Red Sea.
Kuwait announces offshore oil discovery of 800mn barrels
Drilling, maintenance grow remarkably in Iran’s oil, gas fields
Drilling and workover operations in Iran’s onshore and offshore oil and gas fields have surged about 31% during the current Persian calendar year, which started March 20, 2024, said the CEO of the National Iranian Drilling Co. (NIDC).
Iran, Russia dead set on implementing major gas transportation deal
Iran and Russia are set to press ahead with two major energy projects that will help the Islamic Republic attain its goal of becoming a regional gas hub – an ambition it has been nurturing for several years.
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