MEOG - Middle East Oil & Gas
Saudi Aramco's natural gas production rises 6.8% in second quarter
Saudi Aramco announced its natural gas production grew 6.8% year-on-year during the second quarter of this year, reaching 11.85bn standard cubic feet per day.
Saudi Arabia's ADES plans SAR1.42bn acquisition of Norway's Shelf Drilling
A subsidiary of ADES Holding signed an agreement for a recommended offer to acquire Norway's Shelf Drilling in a deal valued at SAR1.42bn ($379mn).
Saudi Aramco reports 10th consecutive quarterly profit decline
Saudi Aramco announced its 10th straight drop in quarterly profits as falling oil prices hit revenues, putting pressure on the key driver of Saudi Arabia's economy.
Iran’s South Pars gas field maintains output with major overhauls
Iran has completed extensive overhauls in several facilities at its gigantic South Pars gas field, maintaining stable gas production despite harsh conditions and limited access to foreign technology.
India’s Hindustan Petroleum inks 10-year LNG deal with ADNOC Gas
India’s state-run Hindustan Petroleum has agreed to a 10-year heads of agreement deal with the United Arab Emirates’ ADNOC Gas for the sale and delivery of 500,000 tonnes of LNG.
OPEC+ to raise oil production in September
Eight key OPEC+ countries have announced a production adjustment of 547,000 bpd for September
Saudi Arabia has cut spending sufficiently despite oil price concerns, IMF says
Saudi Arabia has cut spending enough this year and probably will not need to make further fiscal adjustments even if crude oil prices weaken.
Riyadh implements strategic 15.5km road development project
Riyadh Municipality is implementing the development of Prince Faisal bin Bandar Road spanning 15.5 kilometres, extending from its intersection with King Salman bin Abdulaziz Road in the south to Saudi Aramco's oil pipeline in the north
Turkish Petroleum to join hydrocarbon field development in Kazakhstan
Turkey’s state-owned oil and gas company, Turkish Petroleum, will participate in the development of hydrocarbon fields in Kazakhstan, Finance.kz has reported, citing Kazakh Energy Minister Almassadam Satkaliyev.
China’s ‘Dark Fleet’ working to evade sanctions, import Iranian oil
China is covertly importing large volumes of Iranian oil through a clandestine network of vessels operating in international waters near Malaysia and Singapore, according to a major investigation
China vows to stand firm amid US tariff threats over Iranian oil imports
China is unlikely to back down in the face of fresh US threats to impose punitive tariffs on Chinese exports over continued purchases of Iranian oil, analysts said.
OPEC+ nations to increase oil production by 547,000 barrels per day in September
Eight OPEC+ countries will implement a production adjustment of 547,000 barrels per day in September.
Ukraine imposes sanctions on 94 "shadow fleet" captains from multiple countries
Ukraine has imposed sanctions on 94 individuals from Russia, Myanmar, Iran, Pakistan, China, India, Bangladesh and Georgia, as well as five oil transportation companies.
Iraq launches first phase of 1,014MW Beiji power plant
Kuwait’s state oil giant looks to speed up Kuwaitisation
Kuwait Petroleum Corp. has initiated a sweeping, top-down overhaul aimed at simultaneously reshaping its workforce
Iranian state driller digs 48 oil, gas wells in four months
The National Iranian Drilling Co. (NIDC) has drilled 48 oil and gas wells across onshore and offshore fields in the first four months of the Iranian calendar year, which began on March 21.
Iran, Iraq edge closer to settling gas payments
Iran and Iraq are nearing a breakthrough in long-standing energy disputes that have hampered regional cooperation and stoked severe power shortages in Iraq amid blistering summer heat.
Syria inaugurates Azerbaijan gas pipeline through Turkey
Syria has inaugurated a regional gas transmission line linking the country with Azerbaijan through Turkey.
Turkey proposes new oil agreement to Iraq worth $40bn in revenues
Turkish Energy and Natural Resources Minister Alp Arslan Bayraktar announced that a draft of a new agreement on the crude oil pipeline between Iraq and Turkey has been sent to the Iraqi side.
Iraq ready to import Turkmen gas to tackle power shortages
Iraq announced that it has finalised all technical and logistical arrangements to begin importing natural gas from Turkmenistan, in a move aimed at addressing the country’s chronic electricity shortages.
US hits Iranian oil shipping network with sweeping sanctions
The United States imposed sweeping new sanctions on more than 115 individuals, companies, and vessels allegedly tied to a vast maritime network shipping Iranian and Russian oil.
Iran braces for daily gas shortfall of 400 mcm in winter, deputy minister says
Iran is expected to face a major natural gas deficit of up to 400mn cubic metres per day this winter, up 33% from last year’s shortage, Deputy Oil Minister Saeed Tavakkoli said.
Iran restarts key gas compression station, saving 18mn cubic feet of gas daily
Iranian engineers have brought a key gas compression station in the southwestern region of Aghajari back online after major repair works.
Oman crude premiums climb on firm Asia demand, Dubai eases
Spot premiums for Oman's benchmark crude climbed as refiners across Asia stepped up purchases, according to data seen by Reuters via TradingView. Murban also gained, while Dubai crude slipped, with its premium falling by 11 cents to $2.82 a barrel.
Egypt to increase LNG purchases for rest of decade
Egypt is set to raise LNG purchases over the next five years as demand soars in the north African country.
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