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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QatarEnergy awards consortium $10bn contract to develop major gas field

18 May 2023

QatarEnergy has awarded a consortium comprised of France’s Technip Energies and Consolidated Contractors Co. (CCC) a $10bn contract to develop a major gas field and build liquefied natural gas trains, media sources reported.

Developer provides update on UAE-India pipeline

17 May 2023

The plan involves the development of a subsea pipe, running around 1,300 km to connect gas resources in the UAE and Oman to Gujarat in western India. It would be laid at a water depth of around 3,400 metres.

Retired US admiral warns international community will have to respond to Iran seizing tankers

16 May 2023

Tehran grabs three vessels in 19 days from Gulf waters.

Consortium awarded $10bn EPC for Qatar’s NFS project

16 May 2023

A consortium of engineers has been awarded a $10bn engineering, procurement and construction contract from QatarEnergy for two trains on the 16mn tonne per year North Field South (NFS) LNG project.

Israel considers gas link to Cyprus as ministers discuss LNG plan

16 May 2023

East Mediterranean gas sources Israel and Cyprus are holding discussions this week to look at the possible construction of a gas pipeline from Israeli gas fields to Cyprus, where a newbuild LNG export facility would be constructed.

KPC signs knowledge-sharing agreement with Shell

16 May 2023

State-owned Kuwait Petroleum Corp. (KCP) this week signed a deal with UK-listed super-major Shell for the exchange of industry expertise across the oil sector.

Iraq announces supplementary bid round, adds reserves

16 May 2023

Iraq’s Ministry of Oil (MoO) has invited IOCs to bid for concessions to develop 13 fields and exploration sites in an addendum to the recently concluded Fifth Licensing Round (LR5).

Saudi Arabia, Netherlands sign green hydrogen MoU

16 May 2023

Saudi Arabia and the Netherlands last week signed a memorandum of understanding to co-operate on the development of green hydrogen at the World Hydrogen Summit in Rotterdam.

TotalEnergies to resume Lebanon offshore work; Israel and PNA discuss Gaza Marine

12 May 2023

Operator TotalEnergies and its partners have secured the TransOcean Barents drilling rig with the intention to begin drilling in the southern Block 9 most likely in September this year.

Aramco Q1 results fall on lower oil price

10 May 2023

Majority state-owned Saudi Aramco announced its results for Q1 2023, with net profit registering a drop of 19% from a year earlier.

Another extension in store for Lebanese bid round?

10 May 2023

The Lebanese Petroleum Authority (LPA) and the country’s energy ministry are considering yet another extension to the deadline for bids in the country’s second licensing round.

Iraq resumes Qayyarah production, renews export deal

9 May 2023

Iraq this week resumed oil production from the Qayyarah oilfield, marking a turning point for the asset, which has suffered from a plethora of security and technical issues in recent years.

Iraq maintains gas focus as work on megaproject nears

9 May 2023

Iraqi Oil Minister Hayan Abdulghani expects that the country’s multi-billion-dollar deal with French super-major TotalEnergies will be signed within two weeks.

Iran, Syria agree MoU, roadmap for oil sector co-operation

8 May 2023

Iran and Syria have signed a memorandum of understanding and outlined a roadmap for cooperation in the oil, gas, refining and petrochemical sectors. Iranian Oil Minister Javad Owji discussed bilateral ties with Syria's Firas Hassan Kaddour.

Edited by

Frazer Simm

Editor

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