MEOG - Middle East Oil & Gas
Syria reports 30% rise in Dijla oilfields production in Hasakah
Syria’s state-owned oil company has announced a marked improvement in output from the Dijla fields in Hasakah province, saying production has risen by around 30%
BP announces new gas discovery off Egypt’s East Mediterranean
UK energy major BP (LSE:BP) has announced a new gas discovery offshore Egypt in the East Mediterranean, following the successful drilling of the “Dennis West-1” exploration well within the Temsah concession area
Iraq approves tanker leasing to expand oil storage
The Iraqi government has approved a set of new measures aimed at supporting oil marketing, storage capacity and domestic fuel supply, as part of efforts to maintain refinery operations and strengthen strategic reserves under current market conditions
Iran’s Lavan oil refinery battered on first day of Iran-US ceasefire
An air strike hit an oil refinery on Iran’s Lavan Island in the Persian Gulf hours after a ceasefire declared by Iran and the United States took effect, marking a flagrant breach of the fragile truce.
Iraq secures 200,000 tonnes of liquefied gas to meet local demand
Iraq’s Ministry of Oil confirmed that it is continuing measures to secure domestic consumption of liquefied petroleum gas (LPG) and petroleum products through national production. The cabinet approved importing two cargoes to support reserves.
Turkey reportedly not keen on Black Sea LNG proposal from Ukraine, citing dangers of explosion in Bosporus
Turkey reportedly looks set to reject a proposal from Kyiv to ship liquefied natural gas (LNG) to Ukraine via Istanbul's Bosporus strait, citing concerns that any explosion related to the project would cause unimaginable damage.
Chevron eyes new exploration blocks in Egypt as investment climate improves
US energy major Chevron (NYSE:CVX) is currently in talks with Egypt’s Ministry of Petroleum and Mineral Resources to invest in three new exploration areas.
UAE, Kuwait intercept Iranian drones targeting oil and energy infrastructure
Kuwait says its air defences dealt with 28 Iranian drones since 8am, with strikes causing significant damage to oil infrastructure, power stations and water desalination plants in the south of the country.
Saudi Arabia welcomes US-Iran ceasefire
Saudi Arabia welcomes the US-Iran ceasefire and praises Pakistan's mediation by PM Sharif and Field Marshal Munir.
Dragon announces new oil discovery in Egypt’s Gulf of Suez
UAE energy company Dragon Oil, wholly owned by the Dubai-government-owned Emirates National Oil Company (ENOC), has announced a new oil discovery in Egypt’s Gulf of Suez, in partnership with GUPCO and the Egyptian General Petroleum Corporation.
Iran envoy says ‘regime change’ coming to Strait of Hormuz
Iran’s ambassador to Russia said a “regime change” in the transit through the Strait of Hormuz was on the way amid severe disruption to shipping in the key waterway following a joint US-Israeli aggression on the Islamic Republic.
Trump agrees to two-week ceasefire with Iran after Pakistani mediation
Trump agrees to a two-week ceasefire with Iran after Pakistani mediation, suspending threatened strikes on civilian infrastructure.
Eni announces significant gas discovery off Egypt’s Mediterranean coast
Italian energy major Eni (BIT:ENI) announced a significant discovery of natural gas and condensates off Egypt’s Mediterranean coast on April 7, a development that could bolster the country’s energy outlook
Energy strikes redraw Gulf risk for global oil and gas
Violence between Israel, the US, and Iran reached a fever pitch this week, as targeted strikes on refineries and ports crippled vital global energy infrastructure.
US strikes hit Kharg Island defences as Iran says oil exports intact
US forces struck military targets on Iran’s Kharg Island, as Iranian sources insisted the country’s main oil export hub remained fully operational despite heavy bombardment.
Can pipelines make a comeback?
The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.
Meloni visits Gulf to cement Italy's energy ties as European rift with US over Iran widens
Italian PM Giorgia Meloni concluded a two-day tour of the Persian Gulf on April 4, meeting the leaders of Saudi Arabia, Qatar and the United Arab Emirates in an effort to shore up Italy's energy security as Iranian attacks on GCC countries continue.
Iraq’s Basra crude nears $125 in historic surge amid escalating regional tensions
Prices for both grades of Iraq’s Basra crude surged sharply, rising by more than 13% to their highest levels since 2022, when oil prices were hovering at around $122 a barrel.
Iraq’s oil pipeline explodes north of Kirkuk after pumping surge
An explosion has struck an oil pipeline in the southern Bai Hassan area, north of Iraq’s Kirkuk province, a pressure surge during pumping operations caused the explosion. The blast caused an oil leak at the site, although no casualties were reported.
Iranian crude trades at a premium to Brent after US waives sanctions
Iranian Light crude is trading at a $1 premium to the benchmark Brent price since the US waived a sanctions-ban on buying Iran crude already at sea to ease prices on the international market.
Brent crude climbs to $111 as Trump threats keep oil markets on edge
Brent crude rose to $111.08 a barrel on April 7, up for a third straight session as Trump's threats to destroy Iranian infrastructure keep oil markets climbing five weeks into the war.
Third Iraqi oil shipment enters Syria via al-Tanf en route to Baniyas refinery
The third shipment of Iraqi oil bound for Syria’s Baniyas refinery arrived at the al-Tanf border crossing, according to Safwan al-Sheikh Ahmad, director of communications at the Syrian Petroleum Company.
Mexico’s Amigo LNG inks 20-year offtake deal with UAE’s IRH
Mexico’s Amigo LNG, the flagship project of LNG Alliance, ha signed a 20-year Sales and Purchase Agreement (SPA) with Abu Dhabi-based International Resources Holding (IRH),
Syria’s Baniyas terminal receives gas tanker carrying 2,000 tonnes
A gas tanker carrying about 2,030 tonnes of gas arrived at the Baniyas oil terminal in western Syria, as part of ongoing efforts to maintain supplies and support stability in the domestic market.
Syrian Petroleum Company signs Saudi ADES deal to develop gas fields
Syria’s state-owned Syrian Petroleum Company (SPC) has signed an execution contract with Saudi Arabia’s ADES to develop several gas fields in Syria, in a move aimed at increasing output and strengthening domestic energy supplies.
Iran moves to impose ‘new order’ in Strait of Hormuz
Iran is preparing the groundwork for what it calls “a new order” in the Strait of Hormuz, a vital waterway where ship transit has become nearly impossible since US and Israeli attacks on the country on February 28.
IDF strikes Iran's main petrochemical facility after missile barrage on Israel
The Israeli Air Force struck Iran's largest petrochemical facility in Isfahan on April 6 after Iranian missile barrages targeted multiple sites across Israel.
Israel's energy sector remains stable despite Strait of Hormuz closure
Israel's energy sector has demonstrated resilience despite the ongoing closure of the Strait of Hormuz amid the war with Iran.
Libya's oil production reaches a decade-high amid regional energy shifts
Libya’s oil production has surged to nearly 1.43mn barrels per day (bpd), marking its highest level in over a decade.
Iran ramps up Jask exports, but still heavily reliant on Kharg Island
Iran has increased loadings from its Jask terminal, but the port remains a supplement rather than a substitute for Kharg Island
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Three tankers exit Hormuz hugging Omani coast
In what appears to be the first exit from the Persian Gulf by oil tankers without permission from Iran, three large vessels linked to Oman left the Strait of Hormuz by hugging the sultanate’s coastline, Bloomberg reported on April 3.
Golden Pass targets mid-April to load first cargo
Feedgas flows to the giant LNG export terminal have soared ahead of first cargo loading.
Germany receives first LNG cargoes from Oman on schedule
Germany’s state-run gas importer Securing Energy for Europe has received its first-ever LNG cargoes from Oman on schedule, with the journey uninterrupted by the conflict in the Middle East.
Japanese tanker becomes first LNG vessel to transit Strait of Hormuz
A Japanese LNG carrier belonging to Mitsui OSK Lines has become the first LNG vessel to pass through the Strait of Hormuz since the conflict erupted in the Middle East.
Fire at UAE’s Habshan gas hub, caused by missile interception debris
A fire at Abu Dhabi’s Habshan gas processing facility has forced a suspension of operations, after debris from intercepted Iranian missiles struck the site. It was the second fire at the plant caused not by a missile strike, but interceptor debris.
Iran denies US helicopter assault on Kharg Island
Iran denied rumours of a US helicopter assault on Kharg Island, its main oil export hub, as speculation mounts over a possible ground operation targeting Iranian coastal infrastructure in the Persian Gulf.
Algeria to launch new oil and gas licensing round on April 19
Algeria is preparing to launch a new oil and gas licensing round on April 19, 2026, offering seven exploration blocks to international energy companies as part of efforts to boost investment and expand hydrocarbon resources.
Moroccan government spends $180mn monthly on butane gas subsidies
Morocco expects to spend up to MAD 1.6bn ($180mn) per month to subsidise butane gas, widely used for cooking, electricity and public transport, as it seeks to stabilise prices amid sharp global energy market volatility
IRGC launches wave of strikes targeting US and Israeli assets across Gulf and Israel
IRGC said it launched its 90th wave of operations targeting US steel interests in Abu Dhabi, Israeli air bases and US facilities across Kuwait, Saudi Arabia and Jordan in retaliation for strikes on Iran's steel sector.
Iraq and Syria reopen Al-Waleed border crossing after 11-year closure
Iraq and Syria have officially reopened the Al-Waleed border crossing, restoring a key economic route that had been closed for more than 11 years due to security concerns.
Iraq finalises Lukoil settlement over West Qurna-2 oilfield
Iraq is advancing efforts to finalise a settlement with Russia’s Lukoil following its withdrawal from the West Qurna-2 oilfield in Basra, as the government seeks to stabilise operations in one of the country’s key oil assets.
Iraq & GCC countries faces a sharp rise in borrowing costs amid Hormuz tensions, UNCTAD reports
The disruptions in the Strait of Hormuz, a vital oil shipping route, have led to severe delays in energy and fertiliser shipments, contributing to rising prices for oil, gas, nitrogenous fertilisers, and phosphate.
Egypt signs $500mn investment deal with Arcius to develop Harmattan gas field
Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed a final investment decision (FID) agreement with energy firm Arcius to develop the Harmattan gas field in the Mediterranean, with total investments estimated at up to $500mn
Senior MP says Trump’s bid to seize Iranian oil will fail
A senior Iranian lawmaker said US President Donald Trump’s ambition to take the country’s oil “will never come true”, after Washington signalled interest in occupying Iran’s main export terminal at Kharg Island in the Persian Gulf.
Iran’s parliament to pass Hormuz transit toll bill
Iranian lawmakers are debating a bill to impose transit fees on vessels passing through the Strait of Hormuz, a senior lawmaker said, as disruptions to shipping through the vital waterway drag on.
Putin strengthens food supply ties with Egypt, proposes grain and energy hub
Russian President Vladimir Putin has instructed his government to work on securing food supplies to Egypt, particularly grain shipments, as part of efforts to strengthen strategic ties between the two countries.
US gasoline prices rise above $4 per gallon
Average gasoline prices in the US rose above $4 per gallon ($1.06 per litre) this week.
A long Iran war will lead to severe shortages, says Oxford Economics
A sustained escalation of the US/Israel-Iran conflict could push global oil markets beyond a price shock into severe physical shortages, with rationing, supply chain disruption and recessionary pressures becoming increasingly likely.
Libya licensing round falls short amid legal and structural challenges
Libya’s latest oil and gas licensing round has delivered weaker-than-expected results, mainly due to persistent legal, fiscal and structural challenges facing the country’s energy sector.
Russian gas supplies to Europe via TurkStream grow amid Hormuz crisis
The daily average Russian gas supply to Europe via the TurkStream pipeline expanded by 22% y/y in March to 55mn cubic metres (mcm), calculations have shown.
Turkey reportedly talking to Iran in bid to obtain Hormuz transit permission for 11 ships
Turkey is reportedly in contact with Iran to negotiate permission for 11 Turkish-owned ships to pass through the Strait of Hormuz amid the partial blocking of the chokepoint by Tehran in its conflict with Israel and the US.
Iraq starts fuel exports to Syria via al-Tanf crossing towards Baniyas refinery
Syria has marked a significant milestone with the arrival of the first Iraqi fuel convoys through the al-Tanf border crossing to the Baniyas refinery, paving the way for exports to global markets.
Iranian attack sparks fire at Kuwait Airport’s fuel storage
Kuwait’s Directorate General of Civil Aviation announced that Kuwait International Airport was hit by a drone attack, triggering a major fire at a fuel facility.
Morocco fuel prices rise for third time amid Iran war tensions
Fuel prices in Morocco are set to rise for the third time since the outbreak of the Iran war, with new increases taking effect from midnight on April 1, 2026,
Drone strike ignites massive fire at Castrol oil storage facility in Iraq
A devastating fire erupted on April 1 at the Castrol oil storage facility, part of the “Sardar” group, located along the Erbil-Mosul road in Iraq. The blaze was triggered by a drone strike, reportedly launched by an unidentified entity.
UAE energy minister says world must not be held 'hostage' by Iran over Hormuz
The UAE's energy minister warned the world must not be "held hostage" by Iran over Hormuz, calling for a united stand on freedom of navigation as Abu Dhabi invests in alternative shipping routes on its eastern coast.
Iranian cruise missile strikes oil tanker in Qatari waters
An Iranian cruise missile struck an oil tanker leased to Qatar Energy in Qatari waters on April 1 after two others were intercepted, escalating Tehran's targeting of Gulf energy assets as the war enters its second month.
Follow us online