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Oil & Gas News & Analysis

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gas flare

Egypt signs landmark gas contract Subscription Required

18 December 2014 | By Wil Crisp

Apache and Shell set to invest $30-40m in Egyptian fracking project

Oil discovery

Kuwait Energy Company strikes oil in Egypt Subscription Required

18 December 2014 | By Wil Crisp

Independent explorer says its Shahd-4 well has been successful

Liquefied natural gas terminal

Morocco launches $4.6bn LNG project Subscription Required

18 December 2014 | By Wil Crisp

Scheme will increase Moroccan power generation from natural gas

GPS consortium wins Oman oil pipeline deal

GPS consortium wins Oman oil pipeline deal Subscription Required

18 December 2014 | By Mark Watts

Work involves building refined products pipeline linking Muscat and Sohar

Dubai's Department of Economic Development says persistently low prices are likely to curb spending in 2016

Capital projects will suffer if oil stays at $65 Subscription Required

18 December 2014 | By Wil Crisp

Dubai’s Department of Economic Development says persistently low prices could curb spending in 2016

Building works

Al-Jaber wins $125m Upper Zakum contract Subscription Required

16 December 2014 | By Mark Watts

UAE contractor to carry out civil works on artificial islands at Abu Dhabi offshore oil field

Libya

UN condemns escalating violence in Libya Subscription Required

16 December 2014 | By Wil Crisp

The North African country sees a third day of fighting over oil terminals

Iraq energy EPC awards

Iraq awards design deal on critical seawater supply project Subscription Required

16 December 2014 | By Mark Watts

Austria’s ILF Consulting Engineers wins contract on two 150km pipelines

Gasli pipeline route

Investment decision on Algeria’s Galsi pipeline postponed Subscription Required

16 December 2014 | By Wil Crisp

$3bn project delayed as shareholders wait for final government approvals

Upstream oil

Oil company revenues in Africa and the Middle East decline Subscription Required

15 December 2014 | By Wil Crisp

Total income dropped by $15.2bn in 2013

UAE Energy Minister Suhail al-Mazrouei

Opec quota to remain even if crude drops further, says UAE Subscription Required

15 December 2014 | By Mark Watts

UAE energy minister says Opec leaving market to stabilise itself, according to report

Libya has declared force majeure at the Ras Lanuf oil terminal

Libya declares force majeure at two oil terminals Subscription Required

15 December 2014 | By Wil Crisp

Battle continues between rival parliaments

Oil field steam injection

Contractors wait for clarification on Kuwait’s heavy oil plans Subscription Required

15 December 2014 | By Wil Crisp

No details given on Lower Fars Heavy Oil project delay

El-Sharara oil field in Libya

Air strikes near Libya’s biggest oil ports Subscription Required

15 December 2014 | By Wil Crisp

Forces affiliated with Libya’s elected government carried out air strikes near the country’s biggest oil terminals on 13 December as the struggle to control the country’s oil escalated.

Tecnimont wins $2.3bn Al-Dabbiya field deal

Tecnimont wins $2.3bn Al-Dabbiya field deal Subscription Required

15 December 2014 | By Mark Watts

Italian firm to carry out third-phase expansion of surface facilities at Abu Dhabi field

Egypt historic gas balance

Talks on Egypt’s North Alexandria concession 'moving forward' Subscription Required

14 December 2014 | By Wil Crisp

BP says a deal to restart the $10bn gas field development project is not yet finalised

Kentz wins Qatar gas-to-liquids contract

Kentz wins Qatar gas-to-liquids contract Subscription Required

14 December 2014 | By Hossam Abougabal

Four-year contract awarded for Pearl GTL project

Moroccan foreign minister Salaheddine Mezouar

Western Sahara tensions flare ahead of drilling Subscription Required

14 December 2014 | By Wil Crisp

Morocco and Algeria spar as Kosmos Energy prepares to drill

Petrojet wins $143m in Iraq gas contracts

Petrojet wins $143m in Iraq gas contracts Subscription Required

14 December 2014 | By Mark Watts

Egyptian group to build gas pipeline and undertake work on separation plant

Oil

Oman prequalifies for Yibal Rejuvenation project Subscription Required

14 December 2014 | By Mark Watts

Petroleum Development Oman prepares tender for onshore oil field scheme

Comment

Saudi Aramco's Khurais oil field in Saudi Arabia

Why GCC producers are happy to see oil fall

18 December 2014 | By Edmund O'Sullivan

The GCC’s oil producers will be the biggest winners from the 2014 oil price crash

Gas

Cancellation of South Stream bodes well for Galsi

17 December 2014 | By Wil Crisp

Decision on the Italy-Algeria pipeline expected in May

Opec secretary-general Abdullah al-Badri

Opec sets the tone for 2015

15 December 2014 | By Richard Thompson

Regional producers are not about to cut oil production and the assumptions that have underpinned forecasting in recent years have to be revisited

Renewable energy

Low oil price puzzle for regional utilities

11 December 2014 | By Andrew Roscoe

Sharp drop in prices has created uncertainty heading into 2015

Offshore oil rig

Choosing the right model

11 December 2014 | By Kevin Baxter

International contractors are still willing to take all the risks

Budget cuts new cabinet's first priority in Bahrain

Budget cuts new cabinet's first priority in Bahrain

4 December 2014 | By Philippa Wilkinson

Lower oil prices mean social spending is unsustainable

Oil gathering centre

Much at stake in the Divided Zone

4 December 2014 | By Wil Crisp

Concerns increase as the land dispute between Kuwait and Saudi Arabia derails another project

The GCC can afford lower oil prices

The GCC can afford lower oil prices

4 December 2014 | By Wil Crisp

High fiscal reserves make drastic cuts to spending unlikely

Some industry experts working in Saudi Arabia have said the low-risk, low-cost, lump-sum turnkey contracting model has now had its day

Saudi Aramco lays down the law

27 November 2014 | By Kevin Baxter

The days of high-risk project bidding are probably over

Kuwait’s projects market is enjoying a long-awaited period of high activity

Bright future for Kuwait projects market

27 November 2014 | By Wil Crisp

While contract awards are expected to keep flowing in 2015, the country is little prepared for the surge in activity

Jizan Economic City

End result will justify Jizan overruns

20 November 2014 | By Kevin Baxter

Refinery project has been a challenge to all involved

Offshore oil security

Aramco prioritises security

20 November 2014 | By Kevin Baxter

Oil major plans raft of new measures for offshore assets

While Abu Dhabi's decision to reform tariffs is a brave one, implementing them will prove the real challenge

Abu Dhabi leads the way with tariff reform

20 November 2014 | By Andrew Roscoe

Enforcing new utility tariffs may provide stiff challenge for government

Baiji refinery, north of Baghdad, in Iraq

Erbil strives to meet domestic fuel demand

6 November 2014 | By Mark Watts

Baiji refinery outage highlights importance of refining expansion in Iraqi Kurdistan

Upstream research and development

Gulf driving its own innovation

30 October 2014 | By Kevin Baxter

Local investment in research and development is essential for future of energy industry

Oil price erosion forms cracks between Opec members

Oil price erosion forms cracks between Opec members

23 October 2014 | By Mark Watts

Prospect of lower prices ahead triggers call for action from group’s fragile economies

Analysis

Oil

Impact of falling oil prices on the UAE Subscription Required

17 December 2014

Like Kuwait and Qatar, the UAE is well prepared to deal with a period of low oil prices. It has substantial fiscal reserves, a relatively low breakeven price, and the strongest non-oil economy in the region

oil

Impact of falling oil prices on Saudi Arabia Subscription Required

17 December 2014

Saudi Arabia is likely to record a deficit next year, but its sizeable reserves mean that there will be little anxiety in Riyadh

oil

Impact of falling oil prices on Qatar Subscription Required

17 December 2014

Qatar has made it clear it is planning to sustain a high level of spending over the course of 2015

oil

Impact of falling oil prices on Oman Subscription Required

17 December 2014

With smaller oil reserves and a much higher budget breakeven oil price, Oman is more vulnerable to low crude prices than the four biggest GCC economies, but stands in a far stronger position than Bahrain

oil

Impact of falling oil prices on Kuwait Subscription Required

17 December 2014

Kuwait’s low budget breakeven price of $52.3 a barrel and its hefty sovereign wealth fund makes it the best prepared out of any Gulf nation to face a prolonged period of depressed oil prices, according to Moody’s Investors Service

oil

Impact of falling oil prices in Bahrain Subscription Required

17 December 2014

With its precarious public finances and restive Shia majority, out of all the GCC nations Bahrain is the most vulnerable to persistently low oil prices

Oil, gas and chemical awards in the GCC

GCC oil and gas spending hits four-year high in 2014 Subscription Required

15 December 2014 | By Mark Watts

Kuwait leads spending as Saudi Arabia has weakest year for contracts since 2004

Cloud computing

Interview: Richard Longdon, CEO, Aveva Solutions Subscription Required

14 December 2014 | By Philippa Wilkinson

Cloud computing is the future for oil and gas, but customers have to adapt their mindset, says Aveva CEO Richard Longdon.

Refinery

A new era for contracting Subscription Required

11 December 2014 | By Kevin Baxter

The recent price dispute at Aramco’s Jizan project suggests a new period of less aggressive bidding is around the corner

Current account balance

A lifeline for oil importers Subscription Required

11 December 2014 | By Wil Crisp

Low oil prices will provide an economic boost for Middle East and North Africa

Incremental Opec crude production capacity

Non-Opec to dominate capacity growth to end of decade Subscription Required

11 December 2014 | By Mark Watts

Iraq to provide 60 per cent of new Opec volumes by 2020 with declines forecast in Kuwait and Algeria

WTI spot price

Riding out low oil prices Subscription Required

4 December 2014 | By Wil Crisp

GCC nations brace for budget deficits as Opec offers no oil price support

Sovereign wealth funds

Middle East sovereign wealth funds change strategies Subscription Required

26 November 2014 | By Rebecca Spong

Funds take a new approach to Europe

Crunch: Abu Dhabi faces a shortfall of water next year unless new capacity comes online or demand decreases

A brave move by Abu Dhabi on water tariffs Subscription Required

20 November 2014 | By Andrew Roscoe , Philippa Wilkinson

The emirate is targeting nationals in its reform of power and water subsidies

Saudi oil production and brent crude price

Riyadh in strong position ahead of Opec meeting Subscription Required

18 November 2014 | By Kevin Baxter

Saudi Arabia showing no signs of cutting oil production despite falling prices

Fujairah's location on the Gulf of Oman coast gives it direct access to the Indian Ocean, a geographical advantage that has attracted investment in key energy infrastructure over the past decade

Oil and gas drives $9bn projects pipeline in Fujairah Subscription Required

13 November 2014 | By Mark Watts

Emirate’s access to Indian Ocean attracts investment

Pressure: Other Opec members will try to convince Riyadh to cut production at the group’s November meeting

Riyadh bides its time Subscription Required

23 October 2014 | By Mark Watts

With massive cash reserves to fall back on, the kingdom is in no hurry to exert its influence on oil prices

Egypt oil and gas balance

Israeli gas exports to Egypt look increasingly likely Subscription Required

23 October 2014 | By Wil Crisp

Cairo’s failure to ease shortage makes Israeli gas an attractive option

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