MEOG - Middle East Oil & Gas
Oman’s OQGN to acquire Block 61 pipeline
OQGN has executed signed a $100mn asset transfer agreement with the Ministry of Energy and Minerals for a pipeline in Block 61
Turkey in November sharply cut imports of Russia’s flagship Urals crude amid turning of sanctions screw
Chinese teapot refiners step up Iranian crude intake
China’s private refiners have ramped up purchases of Iranian crude from bonded storage and tankers anchored off the country’s coast after Beijing issued new import quotas late last month.
Iran starts second-phase work at Azar oilfield
Iran has launched the second phase of development at the Azar oilfield on the Iraqi border, aiming to boost production by 30,000 barrels per day, project manager Keyvan Yarahmadi said.
Saudi Arabia reports progress at Jafurah plant
Saudi Arabia has confirmed the completion and operational start of the first phase of the Jafurah gas plant
Iran installs sixth rig to revive idle well at Sepehr-Jofeir oil project
Iran’s state-run Petroleum Engineering and Development Co. (PEDEC) deployed another drilling rig to the twin Sepehr and Jofeir fields in the oil-rich province of Khuzestan, adding a sixth unit to its workover fleet.
Iran uses Cook Islands in Pacific to bypass sanctions on oil sales, French media says
Dozens of tankers suspected of moving Iranian crude have been concealing their activity through a small office in the Cook Islands, according to an AFP investigation.
Erdogan says Ukraine’s attacks on Russian oil tankers in Black Sea are not acceptable
Turkish President Recep Tayyip Erdogan said on December 1 that attacks on commercial ships in the Black Sea are not acceptable.
Baghdad invites US firms to replace Lukoil at West Qurna-2
The Iraqi Oil Ministry has formally invited major US energy firms to compete for operating control of the West Qurna-2 field
Iran installs ESP pump at Yaran well to boost output
Iran’s state-run Petroleum Engineering and Development Co. (PEDEC) installed and fired up a downhole electric submersible pump (ESP) at Well 22 in the northern section of the Yaran oilfield in Khuzestan province.
Iraq resumes Iranian gas imports after brief hiatus
Iraq has recommenced imports of natural gas from Iran on November 30 at a rate of 5mn cubic metres (mcm) per day after a two-week halt, the Iraqi Ministry of Electricity said.
Iran kicks off development drilling at offshore Belal gas field
Iran has begun drilling development wells at the jointly owned Belal gas field in the Persian Gulf, marking what officials described as a major step towards boosting national gas output and narrowing the country’s energy deficit.
Iranian supertanker rejoins crude fleet after full overhaul
Iran has put a supertanker back into service after completing a comprehensive rebuild at the Iran Shipbuilding & Offshore Industries Complex (ISOICO) and fitting it with an advanced ballast-water treatment system.
Iran's IRGC seizes Eswatini-flagged vessel in Persian Gulf
Iran’s Islamic Revolutionary Guard Corps seized an Eswatini-flagged vessel loaded with 350,000 litres of smuggled fuel in the Persian Gulf.
Iraq’s Khor Mor field begins gradual restart of LPG exports
Preliminary steps to export liquefied petroleum gas (LPG) from the Iraqi Khor Mor gas field in the Kurdistan Region have begun, marking the start of a pilot phase ahead of regular exports
Iraq ranks as the third-largest crude exporter to US
Iraq has recently ranked third among exporters of crude oil to the United States, marking a significant increase in shipments, according to data released by the US Energy Information Administration (EIA)
Iraq's Dana Gas shares fall 1.5% after drone attack on Khor Mor field
Dana Gas shares drop 1.5% after drone attack halts production at Iraq's Khor Mor field, cutting 1,200MW from national grid. Field supplies up to 75% of Kurdistan Region's electricity generation.
Iranian firm kicks off seismic survey at untapped fields
A leading private petroleum company in Iran has begun seismic operations in four undeveloped oil and gas fields in the south and southwest of the country, the state broadcaster said.
Iran blames US pressure for years-long delay to IP gas pipeline
Iran’s security chief blamed the failure to launch a long-delayed natural gas pipeline with Pakistan on what he described as “interference and obstruction,” a clear reference to US sanctions that have stymied the project for more than a decade.
Dana Gas suspends production at Kurdistan’s Khor Mor field after drone attack
Dana Gas has suspended production at the Khor Mor gas field in the Kurdistan Region of Iraq after a storage tank was struck by a rocket, sparking a fire but causing no casualties
Iran’s offshore crude stockpiles hit 2.5-year high
Iranian crude held in floating storage has swelled to its highest level in around two and a half years as slower buying from China leaves more barrels lingering at sea, according to traders and shipping-intelligence data.
Iraq pays delayed wages to maintain output at Lukoil’s West Qurna-2 field
Iraq has intervened to pay delayed salaries for local staff at the Lukoil-operated West Qurna-2 oilfield after US sanctions on the Russian company disrupted normal payment channels
Jordan’s oil imports drop 3.8% in first nine months of 2025
Jordan’s spending on crude oil, refined fuels and mineral oils fell during the first nine months of 2025, Data from the foreign trade report shows the kingdom imported JOD1.946bn ($2.74bn) worth of crude and petroleum products by the end of September
Iraq’s oil exports exceed 1bn barrels in first ten months of 2025
Iraq’s crude exports passed 1bn barrels in the first ten months of 2025, SOMO reports. Average output hit 3.43mn bpd.
Khobar-based ADES completes Shelf Drilling acquisition to become global offshore drilling leader
ADES completes Shelf Drilling acquisition to become global offshore drilling leader with 123 rigs across 19 countries. Combined SAR34bn backlog and $50-60mn annual synergies expected from Saudi-based energy services champion.
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