MEOG - Middle East Oil & Gas
Will Trump call persuade Turkey’s Erdogan to halt gas imports from Iran?
Ankara faces headache. Turkey was Iran's third largest trading partner last year. Analysts wonder whether Turkish president will risk upsetting US counterpart.
Gulf Keystone restarts Shaikan output after second shut-in
Gulf Keystone Petroleum (GKP), the largest independent producer in the Kurdistan Region of Iraq, has resumed Shaikan output after a second precautionary halt over regional security
Iranian petrol stations see normal traffic as price hike rumours fuel jitters
Petrol stations in the Iranian capital Tehran are operating without a rush by motorists to fill their tanks, despite rumours of higher fuel prices and amid tougher US sanctions.
Saudi Aramco signs $3.7bn in deals with French firms
Saudi Aramco has signed agreements and an MoU with French firms worth a potential $3.7bn, covering drilling equipment, oil and gas pipes and AI, during MBS's Paris visit.
Defiant Iran says oil production, exports hold up as US mounts sanctions pressure
Iran will find ways to deal with new US measures targeting its economy and oil industry, National Iranian Oil Co. (NIOC) chief Hamid Bovard said, as Washington ramps up pressure on Tehran in what US officials have called an “Economic D-Day”.
Cuba invites Iranian investors into fuel market
Cuba has called on Iranian companies to invest in its fuel supply market, saying investors can operate in the country using “any currency” as Havana opens up parts of its economy under pressure from US sanctions.
Iran values newly discovered Takhteh gas field at $45bn
Iran’s newly found Takhteh gas field in the southern province of Fars is worth about $45bn, a senior official at the National Iranian Oil Co. (NIOC) said, calling it one of the country’s most important gas discoveries in two decades.
TotalEnergies profits from discounted Hormuz crude
TotalEnergies is still shipping crude through the Strait of Hormuz at a profit, its chief executive said on August 24, with producer discounts outweighing higher freight costs
Iran's NISOC installs first locally made bridge plug at Marun oilfield
The National Iranian South Oil Co. (NISOC) has installed the first locally made 7-inch metal bridge plug in a well at the Marun oilfield in the southwest, a move aimed at reducing reliance on foreign equipment.
Oil prices see modest decline on August 24 despite Washington's threat of new Iranian sanctions
Oil prices fell by around 2% on August 24 as traders took profits following two weeks of gains and awaited details of new US sanctions against Iran.
Higher oil, gas revenues strengthen Oman’s fiscal performance in H1 2026
Higher oil and gas revenues provided the main boost to Oman’s fiscal performance in the first half of 2026, helping lift public revenues by 13% despite a 9% increase in government spending, the Ministry of Finance announced on August 23.
Tanker struck by projectile off Saudi Arabia's Yanbu, UK maritime authorities report
A tanker was struck by an unknown projectile and set alight off Saudi Arabia's Yanbu, UKMTO says, in the latest attack on Saudi-linked shipping in the Red Sea.
US says it has diverted 70 ships enforcing Iran blockade
US Central Command says it has diverted 70 commercial vessels and disabled three since resuming its naval blockade of Iran, which Tehran says has halted its oil exports.
Strait of Hormuz shipping slumps by nearly 90%
ADNOC Drilling mulls entry into Egypt's petroleum sector
ADNOC Drilling is exploring a strategic partnership with Egypt's petroleum sector, positioning itself to participate in an expanded onshore and offshore drilling programme planned over the next five years.
Iran’s Tang-e Bijar daily gas output set to soar 57%
Gas production at Iran’s Tang-e Bijar field in western Ilam province is set to climb 57% to 11mn cubic metres (mcm) per day in less than two months as the second phase of its development reaches 70% completion, a project official said.
Tajikistan seeks 2.5mn tonnes of oil from Iran amid Russian fuel shortage
Tajikistan has reportedly requested that Iran supply it with 2.5mn tonnes of oil and petroleum products, as a fuel crisis in Russia disrupts supplies from its traditional supplier.
Algeria’s H1 natural gas output reaches three-year high
Algeria’s natural gas production rose by 4.2% year-on-year (y/y) in H1 2026, adding 2.2bn cubic metres (bcm) to reach 54.01 bcm
Chinese vessels transit Hormuz despite US blockade on Iran
Two Chinese-flagged vessels reported transiting Iranian side of Strait of Hormuz, days after major Chinese shippers said to have halted use of the route.
Iran finds major onshore gas field in south
Iran has discovered a new onshore gas field in the southern province of Fars holding 7.5 trillion cubic feet (212bn cubic metres) of natural gas in place, Oil Minister Mohsen Paknejad said.
Iran's Pezeshkian tells government to cut fuel use first
Egypt eyes strategic drilling partnership with ADNOC Drilling
Egypt’s Ministry of Petroleum and Mineral Resources is exploring strategic partnerships with UAE-based energy services company ADNOC Drilling (ADX:ADNOCDRILL) to execute an expanded onshore and offshore drilling programme across the country
Iran’s Darkhoein oilfield output climbs by 3,000 bpd after well workover
Crude oil production at Iran’s Darkhoein oilfield in southwestern Khuzestan province has surged by 3,000 barrels per day (bpd) after a workover on one of its wells, the CEO of state-run Arvandan Oil & Gas Co. (AOGC) said.
Baghdad wins a narrow Hormuz reprieve
Bowing to persistent Iraqi lobbying, Tehran has begun waving through select Iraqi crude tankers at Hormuz. It is a partial, politically freighted escape valve from six-month shipping paralysis
Iran to revive South Pars gas plant by March 2027
Iran plans to fully restore a gas processing plant at its giant South Pars field that was damaged in an Israeli drone strike last year in the next seven months, the head of the Pars Oil and Gas Co. (POGC) said.
Doosan Enerbility secures $671m contract for Oman’s 1.7 GW Misfah power plant
Doosan Enerbility has secured a contract worth around KRW 930 bn ($671 mn) to construct Oman’s 1,700 MW Misfah Gas Combined Cycle Power Plant, the South Korean power and infrastructure company announced on August 21.
Oman, Japan deepen energy cooperation amid focus on Hormuz security
Oman and Japan have expressed their resolve to deepen cooperation in clean energy, including the development of hydrogen and ammonia, as the two countries seek to strengthen economic and energy resilience amid heightened regional uncertainty.
Reatile to take minority stake in Shell Downstream South Africa after ADNOC takeover
ADNOC Distribution agreed in July to acquire 100% of Shell Downstream South Africa from Shell (LSE/NYSE: SHEL) at an implied enterprise value of about $1bn, before adjustments for net debt and working capital.
Iran parliament speaker urges Iraq to settle bilateral trade in national currencies
Iran's parliament speaker has urged Tehran and Baghdad to trade in national currencies rather than dollars, as Iran's closure of Hormuz cuts Iraqi oil revenue to as little as $1.2bn a month.
Iran boosts petrol output to 130mn litres daily but consumption outpaces supply
Iran has raised its petrol production capacity by 18% this year to about 130mn litres a day by increasing refinery output and making greater use of petrochemical capacity, a senior official at the state fuel distributor said.
Tajikistan seeks 2.55mn tonnes of fuel from Iran
Tajikistan has asked Iran to supply 2.55mn tonnes of crude oil and petroleum products as it seeks to diversify its fuel sources amid reduced supplies from Russia, its Ministry of Transport said in a press release.
Saudi Arabia ships $150mn of fuel to Yemen power stations in 2Q26
Saudi Arabia supplied $150mn of fuel to run Yemeni power stations in Q2 2026
Arabian Drilling signs Oman contract with Masirah Oil for up to four offshore wells
Arabian Drilling Company has signed a contract with Masirah Oil Limited and Northern Offshore Ltd to drill two firm wells and two optional wells offshore Oman, the Saudi-listed drilling contractor announced on August 19.
UAE-linked tanker reportedly changes course for Iranian port
A tanker intercepted in the Strait of Hormuz has changed course for Iran’s Bandar Abbas port after initially listing the UAE’s Jebel Ali as its destination.
Iran says reviving more than half of lost gas processing capacity could take up to two years
Restoring around 57% of Iran’s gas processing capacity lost in an Israeli air strike could take one to two years, a senior official said, adding to pressure on a network already facing a sizeable supply deficit.
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