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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Tethys Oil kicks off drilling at Oman’s Block 58

20 August 2024

Oman-focused Swedish firm Tethys Oil has announced the start of drilling operations on the Kunooz-1 well in the Fahd area of Oman’s onshore Block 58.

Iraq looks to overcome expansion challenges

19 August 2024

A new report has illustrated progress made by Baghdad to achieve its energy production targets

Oil minister nominee seeks to ease Iran’s gas deficit

18 August 2024

Iran’s oil minister designate Mohsen Paknejad said his plans would help alleviate a chronic gas shortage as he was trying to win a vote of confidence from parliament for the key post.

Nominee for Iran’s Oil Ministry rejected by parliamentary panel, MPs say

15 August 2024

The Iranian parliament’s energy committee has refused to approve President Masoud Pezeshkian’s nominee for the Oil Ministry for lacking competence, two members of the panel said.

Iran’s pick for oil minister pledges to boost crude exports fourfold

14 August 2024

Iran’s prospective oil minister has vowed to quadruple the country's daily crude exports if he wins the parliamentary approval to take up the top post.

KPC opens trading office as merger momentum builds

14 August 2024

The state-owned Kuwait Petroleum Corp. has become the latest Gulf NOC to expand its global trading footprint, opening a new trading hub in Dubai.

Crude reserves held by Iran’s oil giant grow, new estimates show

13 August 2024

Fresh estimates suggest that crude oil reserves in the fields operated by the National Iranian South Oil Co. (NISOC) have increased remarkably, the CEO of the state-owned firm said.

Iran’s crude output hits new high in over five years, OPEC data shows

13 August 2024

Iran's crude oil production reached a record high last month, marking the highest output in over five years, an OPEC monthly report showed, as the Middle Eastern producer aims to further bolster its output by the end of the year.

Venezuela wants to offer its oil reserves to the BRICS

13 August 2024

Venezuelan Deputy Ambassador to the UN, Joaquín Pérez Ayestarán, has expressed optimism about Venezuela's potential inclusion in the BRICS group.

Iran developing century-old oil field in SW

13 August 2024

Iran is working on developing an age-old oil field, aiming to extract crude oil sustainably after several futile attempts to tap into the reserve, said a senior manager at the National Iranian South Oil Co.

ADNOC Gas announces Q2 results and dividend increase

13 August 2024

ADNOC Gas has reported financial results for Q2, exceeding market expectations with an adjusted net income of $1.19bn, marking a 21% year-on-year increase and driving a sizeable increase in dividends.

Saudi oil exports to China set to decline in September

12 August 2024

Saudi Arabia's oil exports to China are expected to decrease to approximately 43mn barrels in September 2024, according to traders familiar with the matter.

Despite controversy, Bapco Energies closes US financing

12 August 2024

Bapco Energies has successfully closed a $500mn loan guarantee from US EXIM for a drilling campaign at Awali oilfield.

Mohsen Paknejad nominated as Iran’s oil minister

12 August 2024

Mohsen Paknejad was nominated on August 11 as Iran’s oil minister by President Masoud Pezeshkian.

Iran’s crude oil arrives at new destinations

12 August 2024

Iran has exported small quantities of crude oil to new destinations such as Bangladesh and Oman, as Iran is struggling to maintain sales amid US sanctions.

IRGC Navy adds new cruise missile and drone systems

9 August 2024

Iran's Islamic Revolutionary Guard Corps (IRGC) has added 2,640 new missile and drone systems to its naval forces.

UAE bans some Russian shadow fleet tankers from entering its ports

9 August 2024

The United Arab Emirates has banned access to its ports for ships belonging to Russia's shadow fleet, including tankers registered under the flag of the landlocked African country of Eswatini.

ADNOC signs offtake deal for Ruwais LNG with Osaka Gas

7 August 2024

ADNOC has signed an LNG offtake deal with Osaka Gas for 0.8mn tonnes per year

Edited by

Frazer Simm

Editor

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