MEOG - Middle East Oil & Gas
Pezeshkian warns US blockade threatens global energy security
Iranian President Masoud Pezeshkian warned that US sanctions and a naval blockade against Iran were putting global energy security at risk, calling on major energy suppliers to oppose measures destabilising energy markets.
Iran, Russia to exchange energy supplies soon, oil minister says
Iran and Russia have opened a “new chapter” in cooperation and will soon exchange energy supplies, acting Iranian Oil Minister Hamid Bovard said
Iran offers to transfer oil and gas technology to Senegal
Iran’s acting oil minister has offered to share its expertise in oil and gas field development and refinery construction with Senegal.
Sharjah National Oil Corporation concludes Phase 1 development of flagship gas field
Sharjah National Oil Corporation has concluded Phase 1 development of the onshore Hadiba gas and condensate field, more than doubling its current natural gas output.
QatarEnergy turns to US LNG as disruption threatens long-term supply
QatarEnergy is searching for LNG supply to plug supply gaps in both the short-term and long-term.
Riyadh moves its barrels closer to the buyer
Confronted with Houthi drones and Iranian mines in the Gulf, Saudi Aramco is pushing crude into foreign strategic caverns, starting with Singapore in 2027
Oil output at three Iranian fields tops Russian contractor’s target
Oil production at three fields in western Iran, developed by a Russian firm, has exceeded contractual commitments, Nasrollah Zarei, chief executive of state-owned Petroleum Engineering and Development Co (PEDEC), said.
Iran urges GECF investment to raise gas share in global energy mix
Iran has called on the Gas Exporting Countries Forum (GECF) to work towards boosting natural gas’s share of the global energy mix to 30% over the next three decades.
Iranian state driller completes work on 72 oil, gas wells in seven months
The state-owned National Iranian Drilling Co. (NIDC) has completed drilling and workover operations on 72 onshore and offshore oil and gas wells in the seven months to October 22, its chief executive Morteza Fouladi said.
Israel's NewMed Energy secures crucial regulatory approval for Cyprus gas field
Israel’s NewMed Energy announced that it has cleared a key regulatory hurdle in advancing its 100bn m3 Aphrodite offshore gas field in Cyprus, securing necessary approval from the Egyptian government.
Abu Dhabi's ADNOC targets over $16bn in domestic manufacturing opportunities through 2030
Abu Dhabi National Oil Company announced that it has identified more than AED 60bn ($16bn) in domestic industrial manufacturing opportunities through 2030.
Chevron reports positive gas appraisal results at Egypt's Nargis-2 well
Egypt's Ministry of Petroleum and Mineral Resources and US energy major Chevron (NYSE:CVX) have announced positive drilling results from the Nargis-2 natural gas well in the Mediterranean
ADNOC lines up 2027 tender wave for sour gas and EOR
ADNOC will tender contracts for offshore sour gas developments, an export gas pipeline and enhanced oil recovery (EOR) schemes in 2027
Baghdad courts KBR for gas capture push
Iraq’s Deputy Prime Minister for Energy Affairs Mohsen al-Mandalawi met a KBR delegation on October 22 to discuss upstream and gas development
Bahri orders three VLCCs from IMI in $451mn deal
Saudi state-controlled shipping group Bahri has placed a SR1.69bn ($451mn) order with International Maritime Industries (IMI) for three very large crude carriers
Iraq sells 10mn crude barrels at $28 discount amid regional tensions
Iraq recently sold 10mn barrels of crude oil. through its southern ports at a discount of $25-$28 per barrel.
Iran says deal on Russian gas supplies nearly finalised
Iran is close to finalising an agreement to import natural gas from Russia, Acting Oil Minister Hamid Bovard said, as Tehran seeks to ease chronic shortages.
Syria's Latakia faces four-day diesel shortage affecting transport
Diesel shortages in Syria's Latakia Governorate have disrupted passenger transport, school bus services and goods deliveries, with drivers reporting prolonged queues at filling stations after four days of irregular supplies.
Major oil processing plant’s capacity in SW Iran reaches 320,000 bpd
Iran has brought its Central Treatment and Export Processing (CTEP) facility in the southwestern Khuzestan province to its full design capacity of 320,000 barrels per day.
Iran to push for gas swaps, joint market at GECF summit
Iran will seek to expand gas swaps with fellow exporters and push for a common gas market at an upcoming meeting of the Gas Exporting Countries Forum (GECF) in Moscow.
QatarEnergy signs landmark LNG purchase deal with US-based Cheniere Energy in bid to overcome supply shortfall
QatarEnergy has signed one of the largest LNG purchase agreements in US history, contracting to buy 4mn metric tonnes per year from Cheniere Energy from the early 2030s through 2054.
Israel's Dalia Power Energies takes NewMed and Ratio Energies to court over Leviathan gas supply deal
Dalia Power Energies initiated arbitration proceedings against fellow Israeli firms NewMed Energy and Ratio Energies, challenging the producers’ termination of a landmark supply agreement from the Leviathan reservoir.
Dubai’s Dragon Oil studies shallow-water gas exploration opportunities off Egypt
Dubai-based Dragon Oil is evaluating new natural gas exploration opportunities in Egypt's Mediterranean waters
Seven ships hit in Persian Gulf in busiest day of incidents since war began
Iran’s Revolutionary Guards said seven vessels had been hit or caught fire in the Persian Gulf and Strait of Hormuz in a single day, the highest daily toll since the US and Israel waged a war on Iran in late February.
Iranian government to settle heavy debt to 750 importers
India shifts back to Gulf crude as Russian discounts shrink
India's imports of Middle Eastern crude climbed to around 2.8mn barrels per day (bpd) in September, the highest level since February, as purchases of Russian oil dropped.
Iraq's Artawi gas project approaches production phase
Iraq's accelerated gas development project at the Artawi oilfield in Basra is 96% complete and preparing to enter production.
Dragon Oil intends to extend PSA with Turkmenistan to beyond 2035
The UAE's Dragon Oil (LON: DGO) will reportedly seek to agree an extension to beyond 2035 of its partnership-based work in Turkmenistan with the country's government and state concern Turkmennebit.
Iraq signs ExxonMobil MoU for 2.5mn bpd seawater project
Iraq's state-owned Basra Oil Company has signed a memorandum of understanding (MoU) with US energy company ExxonMobil for the second phase of a seawater supply project designed to support oil production.
Iran to begin oil, gas exploration in eastern Caspian Sea next year
Iran plans to begin exploration in the eastern Caspian Sea next year to identify hydrocarbon reserves, the head of Khazar Exploration and Production Co. (KEPCO) said.
Iran’s Masjed Soleyman oil output surges by 4,000 bpd
Iran’s Masjed Soleyman Oil and Gas Co. has pushed up crude oil production by 4,000 barrels per day, its chief executive Shahram Zolfaqari said.
Iraq's Basrah Medium crude rises to $73.35 per barrel
Prices for Iraq's Basrah crude grades rose on October 21, tracking gains in international oil markets as traders monitored supply risks and geopolitical developments in the Middle East.
Egypt and TotalEnergies advance Cyprus Cronos gas connection project
Egyptian Petroleum and Mineral Resources Minister Karim Badawi held talks with TotalEnergies (LSE:TTE) executives on October 21 to accelerate the connection of Cyprus’s offshore Cronos gas field to Egyptian infrastructure
Aamal Energy wins Qatari procurement services contract
Aamal Company subsidiary Aamal Energy has secured a five-year procurement services agreement valued in excess of QAR 100mn ($27.42mn).
Iran pursues 150 individuals in oil intermediary cases, judiciary says
Iran’s judiciary is pursuing 150 individuals and 25 legal entities in cases involving intermediaries, used to sell oil and circumvent sanctions, judiciary spokesman Ali Kazemi said.
Iran’s Hormuz authority lists 122 vessels as ‘non-compliant’
Iran’s Persian Gulf Strait Authority (PGSA) has put 122 vessels on its ‘non-compliant’ list in the Strait of Hormuz and said it has taken action against more than 40.
Iran says two more tankers hit by sea mines in Strait of Hormuz
Two more oil tankers were set ablaze after hitting sea mines in the Strait of Hormuz, Iran’s Revolutionary Guards said, bringing the number of vessels reported hit since October 16 to seven.
Analyst warns of pressure on Russian oil exports and predicts global oil surplus by 2028
Russia faces mounting energy risks from Ukrainian attacks, dependence on Chinese influence and the prospect of a global oil surplus, while Ukraine prepares for a difficult winter, says analyst.
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