MEOG - Middle East Oil & Gas
Iran seeks Japanese help in rebuilding war-damaged oil sector
Iranian President Masoud Pezeshkian has asked Japan to participate in reconstructing infrastructure damaged in recent US-Israeli attacks, including refineries, in exchange for efforts to restore normal shipping through the Strait of Hormuz.
Iran says reconstruction of war-damaged energy facilities progressing faster than expected
Iranian Oil Minister Mohsen Paknejad said reconstruction of energy facilities battered in air strikes during the recent US-Israeli war against the country was progressing faster than initially expected.
Rubio backs Trans-Caspian gas pipeline proposal in meeting with Turkmenistan’s top diplomat
Infrastructure could boost European energy security, though Russia could move to block it.
Kuwait restructures energy sector as KNPC absorbs KIPIC
Kuwait has consolidated its downstream energy sector by dissolving Kuwait Integrated Petroleum Industries Company (KIPIC) and transferring its assets to the Kuwait National Petroleum Company (KNPC)
US and Iran report latest strikes around Strait of Hormuz
US and Iran reported a fresh wave of strikes around the Strait of Hormuz, the third escalation in a week, as the IRGC said it hit a US-used air base after an attack on Sirri Island and talks stalled.
Iran’s South Pars Phase 11 set for record gas output
Daily natural gas extraction from Phase 11 of Iran’s giant South Pars field is set to hit an all-time high of 25.77mn cubic metres (mcm) after a new well comes on stream in the Persian Gulf.
Israel cuts gas exports to Egypt by 23% for Tamar and Leviathan maintenance
Israel has reduced natural gas exports to Egypt by around 23% to 850mn cubic feet per day (cfd) due to partial maintenance work at its Tamar and Leviathan offshore fields in the Mediterranean
Russian oil tanker arrives in Japan as Middle East supply concerns grow
A tanker carrying Russian oil has arrived at Japan's Kiire port as Japanese firms step up purchases on a government request, Russian media reports.
US imports no Iraqi crude in latest week of May, EIA data show
The United States imported no crude oil from Iraq, Saudi Arabia or Libya during the latest week of May, according to data released by the US Energy Information Administration.
Algeria signs hydrocarbons cooperation deal with Democratic Republic of Congo
Algeria has signed a new cooperation agreement with the Democratic Republic of Congo targeting joint development across the full hydrocarbons value chain
Iran restores three South Pars offshore platforms after Israeli strike
Iran’s state-run Pars Oil and Gas Co. (POGC) has brought three offshore platforms at the South Pars gas field back into production after they had remained idle following an Israeli air strike on processing facilities, its CEO Touraj Dehqani said.
Gulf War III squeezes tourism-dependent economies across Southeast Asia
War-driven fuel costs and ceasefire uncertainty are squeezing tourism across Southeast Asia, with Thailand's Middle Eastern arrivals down 57% and airlines raising surcharges sharply.
Iran lost one-third of gas output capacity after South Pars strike, MPs say
Iran lost “around one-third of its gas output capacity” after an Israeli air strike on the country’s largest gas production hub during the recent war, causing an estimated “$4bn in damage,” two Iranian lawmakers said on May 31.
Global oil inventories falling at record pace, critical storage threshold about to be breached - IEA
Global oil inventories are declining at a record rate as the market absorbs a major Middle East supply disruption, raising the risk of sharp price increases if the Strait of Hormuz remains closed, according to the International Energy Agency.
Ukraine may have resumed attacking Russian shadow tankers in Black Sea, three vessels hit off Turkey
Ukraine may have resumed attacking Russian shadow fleet crude oil tankers in the Black Sea following a lull in such drone operations.
US sanctions Iran's Strait of Hormuz authority as three oil and LNG tankers pass through
Three tankers transited the Strait of Hormuz with transponders switched off earlier this week, as the US Treasury moved to sanction Iran's Persian Gulf Strait Authority.
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