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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Need more convincing?

Gas flaring in South Pars to slide 28% by mid-summer

28 May 2024

Flaring in Iran’s colossal South Pars gas field is expected to drop 28% by mid-summer, CEO of the South Pars Gas Complex Ahmad Bahoush said.

Turkey’s Fatih drillship spuds new well in Sakarya field

28 May 2024

Turkey’s Fatih drillship has spudded a new well in the offshore Black Sea Sakarya gas field, Turkish Energy and Mineral Resources Minister Alpaslan Bayraktar said last week.

Iran plans major oil production increase

28 May 2024

Iran plans to raise its oil production to 4mn barrels per day

KOC awards drilling work to ADES

26 May 2024

Saudi Arabia's ADES has announced has been awarded onshore drilling contracts from Kuwait's KOC.

Venezuela thanks Iran for oil production recovery amid US sanctions

26 May 2024

Venezuelan Foreign Minister Yván Gil credited Iran for enabling his country to restore oil production despite US sanctions during an interview with HispanTV in Tehran, where he attended the funerals of President Ebrahim Raisi and other officials.

Iran’s economic taskforce greenlights 400,000 barrel rise in daily oil output

26 May 2024

The Iranian government has decided to ramp up the country's oil production by 400,000 barrels per day.

Riyadh plans Aramco share sale

26 May 2024

Saudi Arabia is preparing a multi-billion-dollar share sale in energy giant Aramco, potentially launching as soon as June, according to sources quoted by Reuters.

Iranian minister implies oil sales reached 2mn bpd

26 May 2024

Iran’s Oil Minister Javad Owji indirectly acknowledged that the country’s oil exports had reached 2mn barrels per day.

PANNIER: Russia is pushing Turkmenistan out of the natural gas market

24 May 2024

Moscow’s moves to take over Central Asian pipeline capacity for deliveries to China might explain unusual urgency in the Turkmen search for new customers.

China's fuel oil imports reach record high amidst surge from Venezuela and Iran

23 May 2024

China saw a significant uptick in fuel oil imports in April, marking a notable 10% increase from the previous year, according to data from the General Administration of Customs.

New plan for getting Turkmen gas to Europe – pipe it to Pakistan and ship it as LNG

23 May 2024

Pakistani petroleum minister outlines proposal at energy symposium. Says TAPI pipeline could be completed solely with Islamabad and Ashgabat funding.

New gas laws enable Turkey to export/re-export natural gas

23 May 2024

New gas laws enable Turkey to export/re-export natural gas

North Refineries Company announces major refining capacity expansion plan to upstream within the Middle East

23 May 2024

The North Refineries Company, assembled by the Ministry of Oil of Iraq, announced on May 22 its total refining capacity and ongoing efforts to elevate its refineries to global standards.

Iraq makes gas progress as Kurdish oil exports remain at impasse

20 May 2024

Baghdad this week announced the award of a contract to develop one of Iraq’s key gas fields, while the issues over northern oil exports rumble on.

Israel's Leviathan gas field is on standby but is Bulgaria's Khan Tares next for SOCAR?

20 May 2024

Azerbaijan's national oil and gas company SOCAR is eyeing new Black Sea oil & gas projects, while the Israeli gas field is on hold for now due to the war.

Iran’s Khamenei announces five days mourning following president’s death

20 May 2024

Iranian Supreme Leader Ali Khamenei has announced five days of mourning and the closure of government and businesses following the death of Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian on May 19.

Aramco reportedly awards Berri and Marjan maintenance deal to Saipem

19 May 2024

Saudi Aramco has reportedly granted a significant maintenance contract to Italian engineering firm Saipem, showcasing its commitment to offshore maintenance projects.

Iraqi father sues BP over son's death from cancer

19 May 2024

An Iraqi man has filed a lawsuit against oil giant BP believing that his son's illness was caused by gas flaring in Iraq's largest oil field.

Iranian crude output rose to 3.3mn bpd, IEA report shows

19 May 2024

Iran’s crude oil production reached 3.3mn barrels per day in April, the International Energy Agency said, the highest level reported by the IEA since the US imposed sanctions on the country’s petroleum industry in 2018.

Turkey simply relabels Russian oil products and exports them to Europe, research indicates

17 May 2024

Country appears to have quite brazenly emerged as a strategic pitstop for fuel products from Russia rerouted to the EU.

Iranian oil still being offloaded in China despite US sanctions

16 May 2024

According to a report in London-based Iran International on May 11, the group United Against Nuclear Iran (UANI) revealed that two vessels were seen offloading Iranian oil at the port of Dongjiakou in China.

Edited by

Frazer Simm

Editor

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