MEOG - Middle East Oil & Gas

Saipem, Subsea7 announce $4.9bn merger

Italian energy services firm Saipem and Norwegian offshore contractor Subsea7 have agreed on key terms for a potential merger valued at $4.9bn, creating a new entity, Saipem7, with a combined project backlog of over $45bn.

Pakistani senator sounds alarm over stalled Iranian gas pipeline

A Pakistani senator has expressed frustration over ongoing hurdles hampering the long-delayed Iran-Pakistan gas pipeline, a project deemed vital for energy-starved Pakistan.

Cyprus sees progress in development of offshore gas resources

In recent weeks several agreements and understandings have been reached between the Republic of Cyprus and the parties involved in the development of its offshore gas fields.

Is Iran being offered as a bargaining chip in Russia-US negotiations?

Russian Foreign Minister Sergei Lavrov conducted a swift but significant six-hour visit to Tehran on February 25, meeting with Iranian Foreign Minister Abbas Araghchi and President Masoud Pezeshkian.

Turkey negotiating to extend Turkmen gas supply deal to five years

Turkey is negotiating to extend its new agreement for gas supplies from Turkmenistan to a contractual length of five years, according to Turkish Energy Minister Alparslan Bayraktar.

Saudi trade surplus falls 56% in December amid oil export pressure

Iraq-Turkey talks aimed at resuming pipeline crude exports within days

Iraq's oil ministry has begun discussions with Ankara to resume exports through the Iraq-Turkey pipeline within two days, Oil Minister Hayan Abdul-Ghani said.

INTERVIEW: Integrating AI with data and experience

AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.

US Treasury targets Iran's National Oil Co. CEO in new sanctions push

The United States imposed a fresh wave of sanctions on Iran’s oil sector, targeting over 30 individuals and tankers, including the CEO of the National Iranian Oil Co. (NIOC), for facilitating the sale and transportation of Iranian crude.

Iraq may lose $10 per barrel on Kurdistan oil exports

Iraq commits to OPEC+ with 4mn barrels of crude exports

Tajikistan eyes Iranian crude under preferential terms

Tajikistan is in talks with Iran to receive crude oil supplies on preferential terms to feed its refineries, the country’s Ministry of Energy and Water Resources said.

Iraq to resume Kurdish exports amid US pressure, tensions

The US has ramped up pressure on Iraq to restart Kurdish oil exports, aiming to circumvent potential shortfalls from Iranian supplies amidst ongoing sanctions.

Iraq to receive 185,000 barrels per day from Kurdistan as initial phase

Leviathan partners submit updated field production plan

The partners in Israel’s Leviathan gas field this week submitted an updated development plan for the offshore asset to the country’s Ministry of Energy.

Iraq announces impending resumption of oil exports from Kurdish region via Turkey’s Ceyhan port

Iraq’s oil ministry announced on February 23 the impending resumption of oil exports from northern Iraq's semi-autonomous Kurdish region.

Iran's South Pars facilities producing more than 710,000 bpd of condensates

Iran’s South Pars Gas Complex has achieved a significant production milestone by generating over 710,000 barrels per day of gas condensates across its 13 refineries.

L&T picks up CCS contract from Aramco

Saudi Aramco has reportedly awarded Larsen & Toubro's Energy hydrocarbon division an engineering, procurement, and construction contract for the initial phase of its carbon capture & storage hub.

Iraq's OPDC announces rise in vehicles LPG consumption in January

Iranian energy giant implementing ‘mega’ AI-driven systems in oil fields

The National Iranian Oil Co. (NIOC) is in the process of implementing three “mega” digital systems in eight oil fields, head of the company’s Research and Technology Department Mahdia Motahhari said.

Breakaway Kurdish administration restores oil supply to Syrian government

Iran urges local tech firms to help boost oil output with AI

Iran’s Deputy Oil Minister Hamid Bovard called on local tech companies to step up and help the Oil Ministry push ahead with its goal of increasing crude oil production by 400,000 barrels per day (bpd) using artificial intelligence (AI).

Turkey, Turkmenistan sign deal covering gas imports via Iran

Turkey and Turkmenistan have agreed on a deal covering imports of Turkmen gas to Turkey via Iran beginning March 1. The specifics of the agreement have yet to be disclosed, but media reports say that volumes could reach up to 2 bcm annually.

Russia and Saudi Arabia to continue OPEC+ cooperation

Russia and Saudi Arabia affirmed their commitment to continued cooperation within OPEC+ during a telephone conversation between Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman on February 20.

OPEC+ considers increasing production

OPEC+ is currently deciding on whether to delay a collection of monthly supply increases that were previously scheduled to start in April.

Saudi Aramco to acquire 25% stake in Philippine oil company Unioil

The Saudi Arabian Oil Company, Aramco, has finalised agreements to purchase a 25% stake in Unioil Petroleum, a leading oil company in the Philippines.

Iranian oil flow to China hits four-month high despite US sanctions

Iran’s oil sales to China bounced back to a four-month high in February—the same month US President Donald Trump restored his so-called “maximum pressure” campaign to drive down the seaborne trade to a “zero.”

Second LNG tanker in 2025 traverses Red Sea

An unloaded LNG vessel is passing through the Red Sea, becoming only the second LNG tanker to travel the route since June 2024 amid attacks by Yemen’s Houthi militia on cargo vessels.