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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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Iran announces plans to raise oil, gas and condensate output
Iran is planning to raise oil output by 250,000 bpd, along with increases in gas and condensate
Enersol to acquire controlling stake in DWS
ADNOC's Enersol JV plans to acquire a majority stake in Deep Well Services #bnm #uae #adnoc #enersol #alphadhabi #drilling
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
Saudi Aramco's net profit fell 15.4% in the third quarter
Iraqi oil exports to US rise in October
Output at Phase 11 of Iran’s South Pars gas field to rise by 20% ahead of winter
Iran is set to ramp up extraction from Phase 11 of the colossal South Pars (SP) gas field, with a 20% increase on the cards ahead of the peak winter months.
TEHRAN BLOG: Why a Trump win may not be good for Israel
Israel's close association with Trump might further alienate it from other regional players, while Iran, now open to negotiation, may see opportunities in the coming shifts.
Iranian crude exports bring in $27bn in seven-month period, customs office says
Iran has clocked up $27bn in crude oil and mazut exports over the first seven months of the current Persian calendar year (March 20-October 21), averaging a monthly haul of around $3.86bn.
OPEC output rises despite Iraqi cuts as unwinding is pushed back
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Questions raised over little-known Chinese firms’ Iraqi licence awards
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Iran oil slick persists near key export terminal three weeks after leak
Oil slicks appear to be still floating on the waters near Iran’s Kharg Island in the Persian Gulf three weeks after an undersea transmission pipeline sprang a leak four miles (6.4 kilometres) off the country’s largest crude export terminal.
Global oil supply to see major glut next year: World Bank
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MEOG: US base at Syria’s Omar oilfield under attack
Iraq signs gas field development deal with Chinese firm for 300 mmscfd capacity
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MP exposes oil theft ongoing at Iranian refinery ‘for years’
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GGIP moving ahead on schedule as Qatar enters solar effort
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Shorter maintenance at shared oil filed earns millions for Iran
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Aramco mulls Vietnamese downstream investments
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Iran releases prices for feedstocks
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Saudi Arabia committed to 12.3mn bpd oil capacity, says energy minister
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Reports of damage at Iranian refinery during Israeli strikes rejected
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Wood wins engineering work for Aramco gas expansion
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