MEOG - Middle East Oil & Gas

Oil & Gas

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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?

Turkish lira nears record low versus euro with market anxious over EU sanctions and tie to dollar

27 July 2020

Spanish foreign minister was in Ankara attempting to ease tensions over eastern Mediterranean drilling plans that have upset Greece and Cyprus.

Chevron to buy Noble in first major post-crash deal

21 July 2020

Chevron has agreed to buy Noble Energy for $5bn in stock in the first major deal of the current oil downturn, but whether this ushers in a new wave of consolidation remains uncertain.

NRG: A global mixed bag

21 July 2020

The global pandemic is beginning to sort the weak from the strong, with some oil and gas projects receiving continued support despite the downturn while others are being labelled “wait and see”

Edited by

Frazer Simm


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