MEOG - Middle East Oil & Gas
Egypt and Chevron advance Aphrodite gas project with new fiscal agreement
Egypt and Chevron (NYSE:CVX) initialled a fiscal regime agreement on October 20 to advance the development of Cyprus's offshore Aphrodite natural gas field and its proposed connection to Egyptian processing infrastructure
QatarEnergy fulfils just a quarter of contracted LNG shipments to Bangladesh
QatarEnergy has delivered less than a quarter of its contracted LNG commitments to Bangladesh through October, with just eight cargoes prior to March and one in June out of an original 40-cargo baseline for 2026.
Syria receives first diesel shipment from Saudi Aramco
Syria's state-owned Syrian Petroleum Company (SPC) began unloading its first diesel shipment from Saudi Aramco on October 19, following a supply agreement supported by a new international banking arrangement.
Eni begins Meleiha Phase 2 start-up as Egypt seeks to reduce gas import dependence
Italian energy major Eni (BIT: ENI) has launched startup activities at the Meleiha Phase 2 gas project in Egypt's Western Desert
Eni completes offshore Bouri gas recovery project in Libya
Italian energy major Eni (BIT: ENI) finalised the operational commissioning of the Bouri Gas Utilisation Project in Libya’s offshore area,
Gulf Keystone, ShaMaran agree $600mn merger to expand Kurdistan oil operations
London-listed Gulf Keystone Petroleum and ShaMaran Petroleum agreed to an all-share merger valuing ShaMaran's equity at approximately $601mn, creating one of the largest independent oil producers operating in Iraq's Kurdistan Region.
Sharjah National Oil Corporation and Norway's Equinor sign MoU
Sharjah National Oil Corporation (SNOC) has signed a memorandum of understanding with Norwegian energy major Equinor ASA to explore joint downstream logistics, trading, and infrastructure ventures across the UAE.
TAG Oil reports no oil flow during initial testing of Egypt's Badr well
Canadian energy company TAG Oil reported that no formation oil reached the surface during initial production testing of its T-200 vertical well at the Badr Oil Field in Egypt's Western Desert
Qatari LNG tanker sails through Red Sea
A Qatari LNG tanker is travelling through the Red Sea braving waters susceptible to attacks from Houthi rebels.
ADNOC Onshore launches Bu Hasa EOR tender
Abu Dhabi National Oil Co. (ADNOC) has opened contractor bidding for an enhanced oil recovery scheme at Bu Hasa
Houthis claim fresh strikes on Aramco sites
Yemen’s Houthi movement said it had struck Saudi Aramco installations at Yanbu and the Shaybah oil field
Iran reports fifth tanker strike in four days
Another tanker was set ablaze after hitting a sea mine near the Strait of Hormuz, Iran’s Revolutionary Guards said, the fifth such incident reported in four days.
Iranian leader adviser defends attack on Qatar gas installations
An adviser to Iran’s supreme leader defended Tehran’s strikes on Qatar’s Ras Laffan gas complex in March, saying strikes on regional energy infrastructure were part of the country’s deterrence strategy.
Socar Turkey snags benchmark $1.6bn five-year syndicated loan rollover at SOFR+2.30%
In 2021, company landed terms at Libor/Euribor +3.45%. New deal suggests rollover rate of 123%.
Iran oil capacity grows 8.3%, but $3bn action plan falls short
Iran’s oil production capacity has risen by 285,000 barrels per day since September 2024, but an action plan to add another 250,000 barrels per day has delivered only 28% of its target despite a planned $3bn investment, official figures show.
Turkey aims to double Black Sea gas output with first floating production platform
Turkey is poised to double its natural gas production from Sakarya Gas Field in the Black Sea to 20mn cubic metres (mcm) per day with the deployment of its first floating production platform.
Algeria plans $71.6bn in hydrocarbons investment through 2030
Iran’s KOGC says it beat first-half output pledge
The state-owned Karun Oil and Gas Operating Co. (KOGC) met more than 100% of its oil production commitments in the first half of the Persian calendar year, its chief executive said, but gave no figures for its target or actual output.
First downhole pump well brought online at Iran’s Azadegan oilfield
Iran has brought the first well equipped with an electric submersible pump (ESP) into production at the shared Azadegan oilfield in the oil-rich Khuzestan province in the southwest.
Kuwait studies twin pipeline routes to bypass Hormuz
Kuwait is weighing two cross-border crude pipeline projects through Saudi Arabia and the UAE to secure export outlets beyond the Strait of Hormuz
BP maps 1.5mn bpd ramp-up at Kirkuk fields
BP is advancing a phased programme to lift output from four Kirkuk oil fields to as much as 1.5mn bpd, a North Oil Co.
Türkiye’s Osman Gazi sets sail to double Black Sea gas output
Setting out from Filyos on October 17, Türkiye’s first FPU will process Sakarya field gas and supply one in three households from early 2027.
Russian tanker carrying 40,000 tonnes of diesel heads to Morocco after US deal
A tanker carrying approximately 40,000 tonnes of Russian ultra-low-sulphur diesel is heading towards Morocco following an agreement between Washington and Moscow to increase fuel supplies
BP targets additional 65mn cubic feet of gas daily from Egypt's Raven field
British energy company BP (LSE:BP) plans to increase natural gas production from the offshore Raven field in Egypt's North Alexandria concession
Egypt cuts daily gas grid supplies by 400mn cubic feet as electricity demand eases
Egypt has reduced natural gas supplies to its national transmission network to approximately 7bn cubic feet per day since early October
Iran aims to restore Israeli-hit South Pars gas unit two months early
Iran has completed 74% of repairs at a South Pars gas plant damaged in an Israeli drone strike and aims to restore its most heavily damaged unit by late January, about two months ahead of an earlier target, an official said.
Iran’s share of Turkey’s gas imports climbs though supplies slump
Iran increased its share of Turkey’s natural gas imports to 33% in August although Turkey’s total gas imports took a nosedive, data from the Turkish Energy Market Regulatory Authority (EMRA) showed.
UAE crude production nears full operational capacity, IEA reports
The UAE’s crude oil production surged above 4.4mn barrels per day (bpd) in September 2026, operating near full operational capacity, according to an International Energy Agency report.
Iraq targets higher oil exports as shipments reach 2.7mn bpd
Iraq's crude oil exports have recovered to approximately 2.7mn barrels per day (bpd), up from about 200,000 bpd in May, as the government seeks to expand shipments through northern and southern routes.
Syria closes Homs–Tartous highway after fuel pipeline leak
Syrian authorities closed the Homs–Tartous highway in both directions on October 15 after a leak developed in a petroleum products pipeline connecting Baniyas and Homs, prompting emergency repairs and safety measures.
Turkey, Saudi Arabia, Jordan and Syria discuss electricity interconnection project
Turkey is holding talks with Saudi Arabia, Jordan and Syria on a major four-way electricity interconnection project, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on October 13.
Trump seeks control of Iranian oil resources, Iran’s presidential aide says
A senior aide to Iran’s president accused US President Donald Trump of attempts to seize control of Iran’s oil resources, comparing his ambitions to Washington’s actions in Venezuela.
Iran orders fresh social impact study of Sohrab oilfield near sensitive wetland
Iran’s environmental watchdog has ordered a new social impact study of the Sohrab oilfield in the southwestern province of Khuzestan, saying existing assessments lack sufficient information to determine the project’s effects on communities.
Iraq's Basrah Medium crude rises 33% to $108.93 a barrel in September
Iraq's Basrah Medium crude averaged $108.93 per barrel in September 2026, rising 32.8% from $82.04 in August.
Oman overtakes US as India's largest LNG supplier amid Hormuz disruption
Oman overtook the US as India's largest supplies of LNG in September, as disruption to shipments through the Strait of Hormuz continued to reshape the country's import arrangements.
Tanker catches fire near Strait of Hormuz, Iranian navy says
Iran’s navy said it had identified a tanker it described as “non-compliant” after it switched off its tracking systems and tried to cross a restricted area east of the Strait of Hormuz.
AMPO wins contract to supply 600 valves for ADNOC's Ruwais LNG project in UAE
Spanish valve manufacturer AMPO POYAM VALVES has secured a contract to supply more than 600 cryogenic ball valves for ADNOC's Ruwais LNG project in Abu Dhabi, which will have a production capacity of 9.6mn tonnes per year.
IGU warns fragmented methane regulations could disrupt global gas trade
The IGU has called for greater international coordination of methane regulations, warning that inconsistent compliance requirements could create barriers to natural gas trade and investment.
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