MEOG - Middle East Oil & Gas

Category
Oil & Gas

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Overview

With around 40% of the world’s oil supply coming from the Persian Gulf, in addition to exploration and production (E&P), MEOG’s coverage includes policy and transport issues which can cause price spikes in the global hydrocarbon markets.

MEOG offers insight into the latest developments in the oil and gas sectors of Bahrain, Iraq, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, the UAE and Yemen. While much of the region has been extensively explored, there remain ‘frontier’ areas of E&P. Oil shale efforts in Jordan could provide vast resources through the greater cost effectiveness of new technologies. To the north-west, Beirut has grown increasingly impatient to follow the major gas discovery trend in the Eastern Med. and Lebanon’s first offshore bid round is likely to kick off drilling campaigns in the medium term.

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Swiss court convicts Saudi oil firm executives in $1.8bn 1MDB fraud case

29 August 2024

Switzerland's federal criminal court on Wednesday, 28 August convicted two top managers of PetroSaudi, a Saudi oil company, for fraud and money laundering in a scheme that siphoned at least $1.8bn from Malaysia's 1MDB state investment fund.

Qatar in talks to buy Rosneft stake in Germany's Schwedt refinery

28 August 2024

Qatar is in negotiations with Germany over the potential purchase of Russian oil giant Rosneft’s majority stake in the German Schwedt oil refinery that Berlin placed under trusteeship in 2022.

APIKUR urges Kurdish oil exports resumption

28 August 2024

The Association of the Petroleum Industry of Kurdistan (APIKUR) has again urged Baghdad to take immediate action to resume Kurdish oil exports.

Production boosted in Iranian oil giant after maintenance work

28 August 2024

The National Iranian South Oil Co. (NISOC) has added 35,000 barrels of crude oil to its daily production capacity by developing and repairing 25 oil wells, a deputy at the state-owned giant said.

Yemen and Russia agree to boost cooperation in energy, other sectors

28 August 2024

Yemen and Russia have agreed to enhance bilateral cooperation in various fields, including energy, culture, science and technology, the official Yemeni Foreign Minister Shaya Mohsen al-Zindani said on August 27.

KPC lines up LNG supplies as shortage hits

27 August 2024

Kuwait’s top NOC has signed up more gas supplies as it struggles to deal with summer peaking, while oil exploration continues and renewables planning begins.

Iran makes progress with drilling, gas expansion

27 August 2024

Iran is progressing with efforts to boost gas production capabilities with two key projects: the drilling of three infill wells at the South Pars gas field and drilling of a gas well at the Kish gas field.

Iranian oil giant tasked with keeping new minister’s output rise promise

26 August 2024

The CEO of the National Iranian Oil Co. (NIOC) has said that increasing oil production by 400,000 barrels a day is “the most important task” assigned to the state-owned giant by Iran’s new oil minister.

Energy crisis Iran’s top issue, senior cleric warns

26 August 2024

Iran’s ballooning energy deficit is the most pressing issue that needs to be addressed, a senior Iranian cleric and former deputy parliament speaker told state TV during a live programme.

Crackdown on Iranian oil trade hard for next US administration

25 August 2024

Former US president Donald Trump is expected to unleash another bout of "maximum pressure" on Iran if he makes it to the White House again in the November election, to choke off Iran’s burgeoning oil trade with China.

Kuwait opens talks with QatarEnergy for 15-year LNG supply deal

22 August 2024

Kuwait has begun talks with QatarEnergy on a new 15-year LNG supply deal.

Saudi shipper Bahri signs deal for nine oil tankers

22 August 2024

Bahri has signed a deal to acquire nine VLCCs for $1bn

Iran offers ‘cheapest’ crude oil to China

22 August 2024

Iran is offering the “cheapest” oil to Chinese refineries amid increasing involvement of Malaysian dealers to transfer Iranian crude to the world’s largest fuel importer through covert operations.

Mohsen Paknejad voted in as Iran’s oil minister

22 August 2024

Mohsen Paknejad became Iran’s new oil minister after parliament granted a relatively resounding vote of confidence to him.

Iran's oil minister nominee vows to ramp up daily output by 400,000 barrels

21 August 2024

Iran’s proposed oil minister pledged on August 20 to pump up daily crude output by 400,000 barrels in a last-ditch effort to secure parliamentary approval for the key post.

Turkey’s oil and gas production hits record high in June

21 August 2024

Turkey continues to make strides in its oil and gas production, particularly since its offshore Black Sea Sakarya gas field came on-stream in April 2023.

Iran's technocratic oil minister pick is set to move into post

20 August 2024

Iran's new President Masoud Pezeshkian has nominated Mohsen Paknejad, a veteran of the petroleum industry with nearly three decades of experience under his belt, seeking a vote of confidence from Parliament.

Tethys Oil kicks off drilling at Oman’s Block 58

20 August 2024

Oman-focused Swedish firm Tethys Oil has announced the start of drilling operations on the Kunooz-1 well in the Fahd area of Oman’s onshore Block 58.

Iraq looks to overcome expansion challenges

19 August 2024

A new report has illustrated progress made by Baghdad to achieve its energy production targets

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Edited by

Frazer Simm

Editor

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