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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ADNOC ramps up expansion with $55bn capital push following OPEC departure

4 May 2026

ADNOC has initiated a $55bn infrastructure investment phase for the 2026 to 2028 period

Shell to begin gas production from Egypt’s West Mina field late 2026

4 May 2026

International oil major Shell (NYSE:SHEL) is set to begin natural gas production from Egypt’s West Mina field in the Mediterranean Sea in Q4 2026, in partnership with Kuwait Foreign Petroleum Exploration Company (KUFPEC).

FCC protesters continue disruptions at Basra’s South Refineries Company in Iraq

4 May 2026

Dozens of former workers from the FCC oil project staged a protest on May 4 for the second consecutive day outside the gates of the South Refineries Company in Basra, blocking access to employees as they demanded formal employment within the Ministry

Jordan, Syria and Lebanon sign landmark gas cooperation deal

4 May 2026

Energy ministers from Jordan, Syria and Lebanon have announced a major agreement to cooperate on the exchange and transit of natural gas, aimed at strengthening energy security and improving electricity supplies across the region.

OPEC+ core adjusts output as UAE finalises institutional withdrawal

3 May 2026

The UAE has formally withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), deepening its strategic pivot away from multilateral energy frameworks

Iran’s NISOC completes 13 smart pipeline inspections to shore up output stability

3 May 2026

The National Iranian South Oil Co. (NISOC) has carried out 13 rounds of smart pigging operations on its main crude oil pipelines in the south, as it moves to shore up infrastructure integrity and sustain production, a senior official said.

China defies US sanctions on refiners over Iran oil trade

3 May 2026

China will not comply with US sanctions imposed on five of its refiners for buying Iranian oil, the Commerce Ministry said, issuing a prohibition order to block the measures and push back against Washington’s pressure campaign on Tehran.

Egypt announces new natural gas discovery in Nile Delta

3 May 2026

Egypt’s Ministry of Petroleum and Mineral Resources has announced a new natural gas discovery in the Nile Delta, marking a significant step towards strengthening domestic energy production

Egypt plans to cut fuel imports by 25% in May as demand eases

3 May 2026

The Egyptian government is currently planning to reduce its fuel imports by up to 25% in May, as domestic demand declines following the introduction of commercial energy-saving measures

Egyptian government slashes oil partners' arrears to $714mn

3 May 2026

Egypt’s Ministry of Petroleum and Mineral Resources has announced a further decline in outstanding payments owed to foreign oil companies, with the total arrears dropping to $714mn,

Post Assad Syria sill dependent on Russian oil

2 May 2026

Russia has emerged as the main supplier of oil to Syria, despite the new government's reaching out to the West and uncomfortable relations with Moscow over its military support for the fallen Assad regime.

COMMENT: Did Europe just hand the future to Madrid?

1 May 2026

Spain's Socialist government is delivering Europe's fastest growth, the EU's most outspoken stance on Gaza, the continent's biggest Chinese EV investments and Latin America's only serious European interlocutor.

Iran's judiciary chief welcomes talks with US but rejects "imposition”

1 May 2026

Iran's Judiciary Chief Gholamhossein Mohseni-Ejei has said Iran welcomes US talks but rejects imposition.

UAE strikes back at Turkey in fight to become global investor haven

1 May 2026

The United Arab Emirates is hitting back at emerging competitors such as Turkey in the fight to emerge as the prime Middle Eastern destination for international investors.

Trump congratulates Iraq's al-Zaidi after Maliki bid collapses

1 May 2026

US President Donald Trump congratulated Iraqi Prime Minister-designate Ali al-Zaidi on April 30, ending a four-month standoff in which Washington derailed Nouri al-Maliki's bid under threat of sanctions on Iraq's central bank, oil and political figur

Dallas Fed issues energy survey update highlighting uncertainty among oil and gas executives

30 April 2026

The Federal Reserve Bank of Dallas has issued an update to its quarterly energy survey of sentiment among oil and gas executives.

Leading oilfield service firms highlight impact of Middle East conflict in first-quarter results

30 April 2026

As oilfield services firms begin releasing their first-quarter results, leading players are highlighting the impact of the conflict in the Middle East.

TotalEnergies presses ahead with Iraq projects despite regional unrest

30 April 2026

TotalEnergies has confirmed it is continuing to advance its strategic projects in Iraq despite rising regional tensions linked to the Iran conflict and disruptions to shipping through the Strait of Hormuz.

TotalEnergies eyes more natural gas exploration projects in Egypt

30 April 2026

French energy major TotalEnergies (EPA:TTE) has announced plans to expand its natural gas exploration and production activities in Egypt in the coming period

How China captured the Gulf while Washington forgot to send an ambassador

30 April 2026

Beijing now trades nearly $400bn a year with the Middle East, runs the region's largest infrastructure programmes, and brokers its diplomacy. America still sells the weapons. It is not enough

Edited by

Frazer Simm

Editor

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