In line with the UAE’s role as a principal member of the U.S.’s new Middle East strategy to counter China’s increasing influence in the region, Brooge Petroleum and Gas Investment Continue Reading
Lebanon’s critical fuel shortages are showing no signs of ending despite the arrival of Iranian oil smuggled into the country through neighboring Syria. Hezbollah has been arranging the informal oil Continue Reading
Iraq’s crude oil production surged in August to 4.23 million barrels per day (bpd), according to an Iraq Oil Report analysis based on independently gathered field-by-field data, the country’s highest Continue Reading
Iraq under US pressure to wean itself of Iranian energy imports Iranian oil minister Javad Owji, amid intermittent exports of gas and power to Iraq, has appointed a special energy Continue Reading
The United Arab Emirates energy minister said on Tuesday low gas prices were not sustainable and a recent hike reflected market fundamentals and a lack of investment in the sector. Continue Reading
Kuwait’s plans announced last week to invest at least US$6.1 billion in exploration over the next five years in order to increase production to a minimum of 4 million barrels Continue Reading
Iraq’s state-owned South Gas Co. and Baker Hughes plan to develop a 200 MMcf/d gas recovery project in the south following a three-year delay, the oil minister said Sept. 19, Continue Reading
Saudi Arabia, the world’s biggest oil exporter, kept its ranking as China’s top crude supplier for a ninth straight month in August as major producers relaxed production cuts. Saudi oil Continue Reading
A vaccination center, a hospital, a pharmacy, and finally a morgue. The first public visits by Iran’s new hardline president Ebrahim Raisi have made clear his top priority — accelerating Continue Reading
Iranian fuel and petrochemical exports have boomed in recent years despite stringent U.S. sanctions, leaving Iran well placed to expand sales swiftly in Asia and Europe if Washington lifts its Continue Reading
Saudi Arabia’s crude oil exports rose to above 6 million barrels per day (bpd) in July, to the highest volume in six months, as the OPEC+ alliance continued to ease Continue Reading
The history of oil and natural gas is marred by instability and conflict. The rise of the Eastern Mediterranean as a prolific energy region has increased existing tensions between certain Continue Reading
Two weeks ago, Iran announced it was planning to boost oil output and exports despite ongoing sanctions by the U.S. As we see continually increased output from Iran since the Continue Reading
Saudi Arabia’s state-owned oil giant Aramco may soon open up a massive upstream asset to foreign investment. It would be a rare move for OPEC’s top oil producer and the Continue Reading
The strategic relationship between the House of Saud and the US Administration is worsening by the day, as shown by repeated unexpected changes in president Biden’s approach to the Kingdom Continue Reading
Over the past few years, Norway’s DNO has faced uncertainty around when it would be able to drill more wells to offset the natural decline of existing production at Tawke, Continue Reading
Minister of Petroleum and Mineral Resources Tarek El Molla said President Abdel Fattah El Sisi has directed transfer of gas to Lebanon at the nearest possible time. During an interview Continue Reading
U.N. nuclear watchdog chief Rafael Grossi is set for talks in Iran on Sunday that may ease a standoff between Tehran and the West just as it threatens to escalate Continue Reading
Iran reached an agreement Sunday with the United Nations atomic agency that will grant international inspectors access to some of the country’s nuclear-related sites, a step likely to avert a Continue Reading
The Pearl Petroleum consortium led by the UAE’s Crescent Petroleum and Dana Gas has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to fund Continue Reading
Highlights US envoy presses EU, Russia to help revive stalled talks Platts Analytics still sees deal for sanctions relief by December Collapse or further delay sets up tight oil market Continue Reading
Highlights Aug output at 3.961 mil b/d vs 3.886 mil b/d in July: SOMO Aug quota rose to 4.061 mil b/d from 4.016 mil b/d in July Iraq’s OPEC+ quota Continue Reading
Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United States Continue Reading
France’s Total (TTEF.PA) will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad on Sunday, the country’s oil minister said. The company will Continue Reading
Business activity in Saudi Arabia last month grew at the weakest pace in 10 months as lower export demand weighed on the kingdom’s non-oil economy. A Purchasing Managers’ Index compiled Continue Reading
he Iraqi National Oil Company (INOC) has taken two significant administrative steps to become operational, signaling a potential sea change in the structure of Iraq’s oil sector. In an Aug. Continue Reading
Iran plans to ramp up its crude oil exports even though negotiations with the United States on its nuclear deal are currently paused. “Good things will happen regarding Iran’s oil Continue Reading
French supermajor TotalEnergies is scheduled to sign a multi-billion-dollar energy deal with Iraq this Sunday in Baghdad, according to several officials familiar with the plans. A formal invitation to the Continue Reading
The government of Iraqi and TotalEnergies SE are close to finalizing an accord that will trigger billions of dollars of investments aimed at boosting oil and gas production and reducing Continue Reading
The government of Iraqi and TotalEnergies SE are close to finalizing an accord that will trigger billions of dollars of investments aimed at boosting oil and gas production and reducing Continue Reading
Iran’s new Oil Minister, Javad Owji, met on Thursday with a top official from the China National Petroleum Corporation (CNPC) in Tehran to discuss cooperation and expansion of bilateral relations. Continue Reading
Satellites detected a large release of super-warming methane gas over southern Iraq last month. The methane cloud, spotted by geoanalytics firm Kayrros SAS using European Space Agency satellite data, was Continue Reading
Irrespective of how quickly a new iteration of the Joint Comprehensive Plan of Action (JCPOA) – ‘nuclear deal’ – is signed between Iran and the U.S., plus the remainder of Continue Reading
Iraq’s federal government has sent a second budget transfer to the semi-autonomous Kurdistan Regional Government (KRG) under a stop-gap political deal . Two senior KRG officials said the transfer, of Continue Reading
When Crown Prince Mohammed bin Salman announced Saudi Arabia’s “green initiative” this year he did so with the type of eye-catching pledge that has come to characterize the young royal’s Continue Reading
Russia ‘s second-largest crude oil producer Lukoil hopes to increase oil output at the West Qurna 2 project in Iraq to 480,000 b/d next year, the company said during a Continue Reading
The Fujairah Oil Terminal (FOT) is upgrading its infrastructure to link the storage site with a key crude pipeline and the terminal for supertankers at the Port of Fujairah, in Continue Reading
U.S. President Joe Biden told Israeli Prime Minister Naftali Bennett in White House talks on Friday that he was putting “diplomacy first” to try to rein in Iran’s nuclear program Continue Reading
BP is spinning off its assets in Iraq by setting up a joint venture with PetroChina which will manage Iraq’s largest oilfield Rumaila as the UK-based supermajor is looking to Continue Reading
Lebanon’s energy ministry said it had picked Dubai’s ENOC in a tender to swap 84,000 tonnes of Iraqi high sulfur fuel oil with 30,000 tonnes of Grade B fuel oil Continue Reading
The French president’s second trip to Iraq in less than a year could potentially help push a massive energy deal across the finish line for TotalEnergies. Iraqi Prime Minister Mustafa Continue Reading
New foreign minister also approved Iran’s Parliament on Aug. 25 confirmed Javad Owji as the country’s new oil minister, taking on the job at a critical time when OPEC’s fourth-biggest Continue Reading
Highlights BP, PetroChina to be JV partners in Basra Energy Company Rumaila produces around 1.5 million b/d BP wants to slash output and lower its carbon emissions Iraq has approved Continue Reading
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments The top American negotiator in the Iranian nuclear talks said Washington is prepared Continue Reading
The value of Saudi Arabia’s oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data Continue Reading
Oman has signed a land reservation agreement for a green hydrogen and ammonia project that Indian company ACME aims to set up in the Special Economic Zone at Duqm, Oman’s Continue Reading
A third dose of Pfizer (PFE.N) ‘s COVID-19 vaccine has significantly improved protection from infection and serious illness among people aged 60 and older in Israel compared with those who Continue Reading
Iran said on Monday it is ready to ship more fuel to Lebanon if needed, a day after the leader of Lebanon’s Iran-aligned Hezbollah group said more vessels carrying Iranian Continue Reading
Highlights Vote on new cabinet set for Aug. 24 July oil output was highest since April 2019 Oil products exports to take focus Iran has “a lot of possibilities” to Continue Reading
The Lebanese government said on Sunday that it was raising gasoline prices by 66% in a partial reduction of fuel subsidies as it seeks to ease crippling shortages that have Continue Reading
