MEOG - Middle East Oil & Gas
Trump says US to unveil major oil partnership with Iraq
Iraqi Prime Minister Ali Faleh al-Zaidi met US President Donald Trump at the White House. Trump announced that the US would shortly unveil a major oil partnership with Iraq.
Iran claims strikes on weapons depots in Bahrain, drones in Kuwait
Iran's IRGC says it struck weapons depots at Bahrain's Sheikh Isa base and drones at Kuwait's Ali Al Salem base under Operation Nasr 2, retaliation it says will continue while US strikes persist.
Iran's MPs demand retaliation after Trump declares drops memorandum
Over 180 Iranian MPs have signed a statement demanding retaliation against those behind recent attacks on Iran, after President Trump declared the Islamabad memorandum at an end.
Iraq presses ahead with Basra-Haditha oil pipeline despite manufacturing delays
Iraq's Basra-Haditha crude oil pipeline project is progressing through its implementation phase, with authorities continuing preparations to manufacture the pipeline despite supply chain disruptions that have delayed production inside the country.
Saudi Arabia's Aramco hands Kent fresh long-term framework deals
Kent has secured fresh long-term framework agreements with Saudi Aramco, keeping the energy services group in the frame for brownfield and project management work across the kingdom's oil and gas assets.
Iran says US waiver revocation will not disrupt oil exports
Iran’s oil exports will continue “uninterrupted” despite Washington’s decision to revoke a temporary sanctions waiver, Oil Minister Mohsen Paknejad said, one week after the United States withdrew the licence issued under a peace deal.
Tankers stack up off Fujairah as Hormuz becomes contested chokepoint
Ship-tracking data shows tankers clustering at anchorages off Fujairah, Khor Fakkan and Sohar rather than transiting the Strait of Hormuz, as a US cargo levy, Iranian tolls and mining claims turn the waterway into a contested chokepoint.
Iran ships 80mn barrels of oil in 26 days before US blockade returns, monitoring service says
Iran exported more than 80mn barrels of crude oil and refined petroleum products worth over $6bn in the 26 days following the signing of a now scuttled peace deal with the United States, shipping monitor TankerTrackers.com said.
Cheiron Energy secures $550mn funding for Egyptian gas expansion
Cheiron Finance, a subsidiary of oil explorer Cheiron Energy, has signed a $550mn financing agreement with a syndicate of Gulf and international banks
Iran, Russia close in on final gas trade deal, oil minister says
Iran and Russia are close to finalising a long-term gas trade agreement after resolving most of the contract’s key provisions, Iranian Oil Minister Mohsen Paknejad said following talks in Tehran with Russian Energy Minister Sergei Tsivilev.
Iranian firms to bid for development of Ab Teymour oilfield
Two Iranian companies have emerged as the frontrunners to develop Iran’s Abteymour oilfield after a Turkish bidder was eliminated from the selection process over a lack of upstream technical expertise.
OPEC’s leverage narrows as war and exits reshape supply
Sanctions on Iran, war‑time disruptions and the UAE’s departure from OPEC have eroded the cartel’s capacity to shape prices, leaving it increasingly reactive and internally constrained
Elsewedy Electric secures three major wind power grid contracts in Egyptian Gulf of Suez
Trump reinstates Hormuz blockade on Iranian shipping, imposes 20% transit levy on all cargo
Washington will bar Iranian vessels and their customers from the Strait of Hormuz and charge a 20% levy on all other cargo transiting the chokepoint, which carries a fifth of global oil, in a sharp escalation of the US-Iran conflict.
Egypt revives drilling programme for southern Al-Baraka oil field
Egyptian Ganoub El Wadi Petroleum Holding Company (GANOPE) has launched a comprehensive redevelopment programme to reactivate production wells at the Al-Baraka oil field in the Kom Ombo concession
Iran says it has established safe maritime corridor through Hormuz
Iran says it has established a temporary safe maritime corridor through the Strait of Hormuz and notified the IMO, accusing the US of pushing vessels towards a dangerous southern route.
Pakistan, Saudi Arabia discuss expanding economic, energy cooperation
Pakistan and Saudi Arabia have reaffirmed their commitment to expanding bilateral economic and energy cooperation following talks between senior ministers from the two countries.
Egypt and Jordan to expand gas and mining cooperation
Jordan’s Ministry of Energy is set to sign agreements with two Egyptian firms to deliver natural gas to the cities of Ma'an and Al-Muwaqqar
Report: Global LNG trade climbs by 6% in 2025
Global LNG trade experienced a banner year in 2025 rising by 6.3% to reach a record volume of 437 mn tonnes, according to the International Gas Union’s World LNG Report .
Iran's Persian Gulf Strait Authority declares Hormuz transit 'impossible'
Iran's newly created Persian Gulf Strait Authority has declared transit through the Strait of Hormuz impossible, citing US military activity and formalising the closure of the world's most important oil chokepoint.
Iranian deputy oil minister urges faster field development to meet output goals
Iran’s oil industry needs to speed up field development projects, clear financial and contractual bottlenecks and expand crude production capacity as the country seeks to restore output following months of war and export disruptions.
UAE’s ADNOC expands fleet with 4 new LNG carriers
The Abu Dhabi National Oil Company is increasing the size of its LNG fleet with an order made for four next-generation LNG carries from China’s Jiangnan Shipyard.
Libya’s NOC upgrades production measurement systems at Sarir oil fields
The General Directorate of Inspection and Measurement at Libya's National Oil Corporation (NOC) is supervising the upgrade and replacement of crude oil, gas, and condensate custody transfer measurement systems for Sarir Oil Operations
Iran-Oman Hormuz talks overtaken by escalation as Tehran closes strait
Iran and Oman discussed Hormuz shipping security in Muscat hours before Iran closed the strait and struck US bases and Gulf states, after CENTCOM said the US hit around 140 targets in Iran.
Qatar’s plans to restart full output of LNG stifled by Iranian attack on vessel
With passage through the Strait of Hormuz uncertain, Qatar must now delay its ramp-up of LNG production.
COMMENT: America and Iran are fighting a stochastic war
The US-Iran conflict has become a war of probabilities, with both sides deliberately randomising. The theory behind it runs from Schelling's Nobel-winning deterrence work to Nixon's madman doctrine, and it carries a flaw.
NewMed Energy completes crucial pipeline for $35bn Israel-Egypt gas field
NewMed Energy announced that it completed the undersea pipeline connecting Ashdod and Ashkelon, clearing a critical infrastructure bottleneck in Israel's $35bn natural gas export agreement with Egypt.
Iran says Strait of Hormuz transit subject to its rules
Shipping through the Strait of Hormuz would be governed solely by rules set by Iran, an IRGC commander said, acknowledging that the force prevented three foreign tankers from using a US-backed route to sail through the critical waterway.
QatarEnergy cuts crude selling prices for August
QatarEnergy has cut its official selling prices for August crude loadings, swinging from a premium to a discount against Oman/Dubai benchmarks, according to a company pricing document.
Libyan crude exports drop 2.5% in H1 2026 to 1.16mn bpd
Libya’s seaborne crude oil exports dropped by 2.5% during H1 2026
Libya partners with Qatar's UCC for $1bn Ghadames Basin oil project
Libya’s National Oil Corporation (NOC) has signed an Exploration and Production Sharing Agreement (EPSA) with Qatar's UCC Holding and the Libyan Investment Authority (LIA) to develop Area 47 in the strategic Ghadames Basin
Iraq signs HKN deal to develop Hamrin oilfield
Iraq has signed a contract with US-based HKN Energy to develop the Hamrin oilfield, as Baghdad steps up efforts to increase oil and gas production and attract foreign investment into its energy sector.
Iraq, Turkey discuss extending Kirkuk-Ceyhan oil pipeline agreement
Iraq's Oil Minister Bassem Mohammed Khudair Al-Abadi held talks on July 9 with Turkish Energy and Natural Resources Minister Alparslan Bayraktar to discuss the future of the Kirkuk-Ceyhan crude oil export pipeline agreement.
Saudi Arabia, Canada launch investment treaty talks as Carney visits Jeddah
Saudi Arabia and Canada have agreed to open negotiations on an investment protection treaty during Mark Carney's Jeddah visit, the first by a Canadian leader in 26 years, with mining at the centre.
Trump announces ceasefire with Iran is 'over'
US President Donald Trump has called the ceasefire with Iran “over,” naming Iranian leadership as “cuckoo” and “scum” following exchanges of fire on July 8.
Trump raises prospect of seizing Iran’s oil hub of Kharg Island
US President Donald Trump said on July 8 that Washington might attempt to take over Iran’s Kharg Island, the country’s main oil export hub in the Persian Gulf, declaring the US-Iran peace memorandum “over.”
ADNOC expects 13% earnings spike following Shell South Africa acquisition
ADNOC Distribution's $1bn acquisition of Shell Downstream South Africa is expected to lift the Emirati energy company’s EBITDA by approximately 13% in the first full year following completion.
Iran negotiator Ghalibaf accuses US of major memorandum violations
Iran's chief negotiator Mohammad Bagher Ghalibaf has accused the US of major violations of the two countries' memorandum, listing strikes, oil sanctions and threats, as the ceasefire unravels.
ACWA Power adopts five-year dividend plan of at least 30% of profit
Saudi Arabia's ACWA Power has approved a 2026-2030 dividend plan of at least 30% of annual net profit, and separately recommended a SAR352.59mn cash dividend for 2025.
Iraq's June crude exports to US fall to 1.35mn barrels, EIA says
Iraq exported 1.35mn barrels of crude oil to the US in June, down from 1.62mn barrels in May, according to the US Energy Information Administration (EIA).
US LNG player MidOcean gets $1.1bn backing from UAE royal family member
The companies also plan to collaborate on future investments in energy and related infrastructure across the region.
OMIFCO lists on local bourse after Oman’s largest-ever IPO demand
Oman India Fertiliser Company SAOG (OMIFCO), one of Oman’s leading fertiliser producers, has successfully completed its initial public offering (IPO) and commenced trading on the Muscat Stock Exchange (MSX).
US-Iran ceasefire 'over', Trump says after fresh strikes
US President Donald Trump has said the US-Iran ceasefire is "over" after renewed strikes, telling reporters at the Nato summit in Ankara he does not want to deal with Iran.
US revokes Iran oil waiver after tanker strikes in Strait of Hormuz
The US Treasury has revoked a licence allowing Iranian oil sales after three tankers were struck in the Strait of Hormuz, testing US-Iran peace talks and pushing Brent to two-week highs.
ING: Oil bounces on Persian Gulf re-escalation
The re-escalation of fighting in the Persian Gulf in the last days has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks, ING said in a note.
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