MEOG - Middle East Oil & Gas
Turkey signs LNG deal with US supermajor ExxonMobil placing question mark over Russian gas supplies
Ankara has ambition to make country an energy supply powerhouse based on re-exports.
Iran to boost anit-flaring effort 160% by year end, says oil minister
Plans are underway to expand Iran’s anti-flaring capacity by 160% in the next 10 months when the current Persian calendar year ends, Oil Minister Javad Owji said.
Cuba seeks Iranian investment in oil and gas, envoy says
Cuba is seeking Iranian investment in the oil and gas sectors of the Caribbean nation, Ambassador Alberto Gonzaez Casals said when he visited an annual petroleum expo in Tehran.
Iraq to supply gas from Akkas to grid
The Iraqi Ministry of Oil has declared its collaboration with the Ministry of Electricity to enhance the national power supply by 1,640 MW, leveraging gas from domestic fields.
Annual Iran oil expo kicks off despite 'campaign' to scare off foreign firms
Iran opened its annual petroleum industry expo on Wednesday, May 8, with 1,750 local and foreign companies in attendance.
FTC’s OPEC collusion allegations regarding ex-CEO of Pioneer referred to Justice Department
The Federal Trade Commission’s allegations that Scott Sheffield colluded with officials from the Organisation of the Petroleum Exporting Countries to increase oil prices has been referred to the JUstice Department.
US to crack down on Malaysian providers helping Iran sell oil
The United States will seek cooperation from Malaysia and Singapore to choke off Iranian oil flow to East Asia, a senior US Treasury official said on May 7, almost two weeks after new sanctions were imposed on the seaborne trade.
Aramco sticks with dividend increase despite drop in Q1 profit
Aramco has announced plans to significantly increase its dividend payments this year, despite experiencing a 14% decline in quarterly profits.
What do EU methane rules mean for global gas suppliers?
There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.
Indian imports of Russian oil increase in April as Ukraine strikes Moscow’s refineries
Russia supplied 1.96mn barrels per day(bpd) of crude oil to Indian refineries in April 2024, which is almost 19% more than the amount supplied in March 2024
SNOC discovers new gas field
Sharjah National Oil Corp. has reported the discovery of the Al Hadiba gas field at the Al Sajaa Industrial Area, south-east of the capital.
Kazakhstan approves terms for joint gas projects with Qatar
Kazakhstan’s government announced on May 3 that it had approved terms and conditions for the joint development of four gas projects by national gas firm QazaqGaz and Qatar’s UCC Holding.
OPEC chief worried about oil supply disruption amid new US sanctions on Iran
OPEC Secretary General Haitham al-Ghais expressed concern about sanctions targeting the oil cartel’s members, after the United States slapped fresh sanctions on Iran in April.
Shorter repair time bolsters gas output at Iran's South Pars
A contracted yearly repair period boosted production in Iran’s colossal South Pars gas field during the past Persian calendar year which ended on March 19, the CEO of South Pars Gas Complex has said.
Iran’s monthly oil income drops by 17%, official data shows
Iran’s export revenues from oil and gas condensate dipped significantly in the first month of the Persian calendar year.
Saudi Arabia raises prices for its oil for Asia
The national oil company of Saudi Arabia, Saudi Aramco, has increased the selling prices of its oil for Asian countries from June onwards.
ADNOC raises oil capacity as gas arm announces results
ADNOC has raised its oil production capacity to 4.85mn bpd, up from 4.65mn bpd at the end of last year.
Turkey reportedly still loading Azerbaijani oil for Israel despite “total trade ban”
Trade ministry said “all products” are subject to boycott, but tankers on Ceyhan to Haifa crude export route appear unaffected.
MEOG: Iraq expects gas from WQ-1 by year-end
Iraq reveals comprehensive strategy to address OPEC oil overproduction challenges
Iraq will cut its oil production in the first quarter of 2024 to compensate for producing more than its quota, but wants to delay the bulk of the reductions until after the summer to avoid civil unrest.
UAE’s top oil company raises output capacity ahead of OPEC+ meeting
The United Arab Emirates’ largest oil company has raised its crude production capacity number by more than 4%, amid the UAE’s disagreement with the OPEC+ alliance about its quota.
Turkey reportedly freezes all trade with Israel
Under pressure from religious conservatives, Turkish leader Erdogan is said to have blocked all exports and imports. Move draws angry rebuke from Israelis.
Controversy surrounds Iraqi oil deal as Parliament raises concerns over Akkas gas field contract
Bahrain courts investors for stake in A/B pipeline
Bahrain is actively seeking investors for an oil pipeline that channels crude from Saudi Arabia, aiming to capitalise on one of its prime energy assets.
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