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?

Iran’s gas output growth slows to crawl amid soaring domestic demand, IEA says

29 January 2025

Iran’s natural gas production grew by less than 2% in 2024 and is estimated to shrink further to just 1% this year, the International Energy Agency (IEA) said in its latest report.

PetroRabigh completes second waiver of revolving shareholder loans worth $500mn

28 January 2025

Saudi-based Rabigh Refining and Petrochemical Company (PetroRabigh) has completed its second waiver agreement for revolving shareholder loans with Saudi Aramco and Sumitomo Chemical Company.

KBR wins contract to support Saudi sustainability work

28 January 2025

KBR has been awarded a contract to support Saudi Aramco’s sustainable energy production efforts

Trump calls on OPEC to ramp up oil supply

28 January 2025

"Right now the price is high enough that that war will continue," Trump said at Davos.

EU ministers agree gradual lifting of sanctions on Syria

28 January 2025

European Union foreign ministers endorsed a roadmap for the lifting of sanctions against Syria on 27 January during a meeting in Brussels.

Iraq seeks alternative to Iranian gas

28 January 2025

The Iraqi Ministry of Electricity announced on January 28 that it is working to secure alternative fuel sources after the suspension of Iranian gas supplies.

ADNOC Gas signs $450mn supply deal with Japan’s JERA

28 January 2025

United Arab Emirates’ state-run ADNOC Gas has signed a three-year LNG supply deal worth $450mn with Japan’s largest power generation firm, JERA.

KOC announces new offshore discovery as mergers continue

27 January 2025

A sizeable new discovery has been made offshore Kuwait as the country maintains upstream momentum and corporate rationalisation

Iran begins developing three small oil fields on Iraqi border

26 January 2025

Iran has started the ball rolling to develop three small oil fields in the western part of the country, aiming to crank out 10,000 barrels per day.

Kuwait's new oil discoveries estimated at 4bn barrels

26 January 2025

Kuwait has announced two major offshore oil discoveries, with total reserves exceeding 4bn equivalent barrels.

Fire at Iraq's Rumaila oilfield cuts production by 300,000 bpd

25 January 2025

A fire broke out at a storage tank inside the fifth gas station at Iraq's Rumaila oilfield on January 24.

Energean projects rising gas output amid Israel optimism

23 January 2025

UK-based gas producer Energean anticipates increased production levels in 2025, building on its strong performance in Israel's offshore gas sector.

Indian refiners pivot to Middle East following fresh US sanctions

22 January 2025

New US sanctions pushed Indian state refiners to request Abu Dhabi National Oil Co (ADNOC) to price its crude on a delivered basis on 21 January, after freight rates rose sharply this week.

Yemen Houthis halt attacks on non-Israeli Red Sea shipping

21 January 2025

The Iranian-backed Houthi militia in Yemen has announced that it will halt attacks against all but Israeli-owned shipping in the Red Sea.

Drilling, maintenance grow remarkably in Iran’s oil, gas fields

21 January 2025

Drilling and workover operations in Iran’s onshore and offshore oil and gas fields have surged about 31% during the current Persian calendar year, which started March 20, 2024, said the CEO of the National Iranian Drilling Co. (NIDC).

Iran, Russia dead set on implementing major gas transportation deal

21 January 2025

Iran and Russia are set to press ahead with two major energy projects that will help the Islamic Republic attain its goal of becoming a regional gas hub – an ambition it has been nurturing for several years.

Saudi Aramco and Welspun to establish a new pipeline facility

20 January 2025

Welspun has signed a partnership deal with Saudi Aramco to establish a line pipe manufacturing facility in Saudi Arabia.

Iran and Russia agree on broad framework for collaboration

20 January 2025

Iran and Russia recently signed a comprehensive strategic joint agreement, comprising 47 articles.

Edited by

Frazer Simm

Editor

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