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Oil & Gas News & Analysis

News

Saudi Aramco offshore rig

Saudi Aramco evaluates engineering contract bids Subscription Required

2 September 2014 | By Kevin Baxter

Two companies are expected to be selected for Maintain Potential Programme

Sonatrach-run gas treatment plant in Algeria

Sonatrach announces 18 oil and gas discoveries Subscription Required

1 September 2014 | By Wil Crisp

Algerian state oil company says total volumes discovered in 2014 expected to be comparable with 2013

Basra oil terminal

Gazprom Neft starts oil deliveries from Badra Subscription Required

1 September 2014 | By Mark Watts

Crude to be exported from Basra through Iraq’s pipeline network

Petrochemicals plant

Mott MacDonald wins Oman natural gas liquids plant design Subscription Required

1 September 2014 | By Mark Watts

Fahud project to extract products from pipeline gas to feed planned Sohar petrochemicals complex

Ship-building

Samsung Engineering in $2.5bn merger Subscription Required

1 September 2014 | By Kevin Baxter

One of the Middle East’s most active international contractors to join Samsung Heavy Industries

Gasification

Aramco on verge of awarding Linde Jizan air supply deal Subscription Required

1 September 2014 | By Kevin Baxter

Scheme will involve some third-party ownership and is worth well in excess of $1bn

Refinery for petroleum products

UAE to provide Egypt with $9bn in oil products Subscription Required

1 September 2014 | By Wil Crisp

Egyptian General Petroleum Company agrees a $9bn deal with Abu Dhabi National Oil Company

Saudi Aramco's Khurais oil field in Saudi Arabia

Aramco shortlists four for Khurais package Subscription Required

1 September 2014 | By Kevin Baxter

Award expected by end of September after final commercial negotiations

Fujairah

Gulf Petrochem eyes UAE downstream expansions Subscription Required

31 August 2014 | By Mark Watts

Fujairah bitumen refinery in the pipeline as Sharjah-based group’s revenue surges

Oil rig

BG Egypt upgrades gas infrastructure Subscription Required

31 August 2014 | By Wil Crisp

West Delta Deep Marine control system upgraded as wells are brought online

Oil pipeline valves

Kuwait signs $2bn supply deal with Petron Subscription Required

31 August 2014 | By Wil Crisp

Kuwait Petroleum Corporation will supply Petron with 65,000 barrels of Kuwaiti crude a day in 2015

Refinery

Companies prepare Dubai propane storage bids Subscription Required

31 August 2014 | By Mark Watts

Dubai National Gas company to build pressurised storage facility in UAE

RWE Dea Drilling rig in Disouq Egyptian Nile Delta

RWE Dea starts Egypt gas production Subscription Required

27 August 2014 | By Wil Crisp

Company sees oil and gas output lifted by more than 50 per cent as new facility comes online

London skyline

Iran pushes back London launch of new oil contracts Subscription Required

27 August 2014 | By Mark Watts

London event delayed until February 2015, says government official

Tunisia

Circle Oil hits functioning oil and gas environment in Tunisia Subscription Required

27 August 2014 | By Wil Crisp

Explorer says results point to a potential find of 100 million barrels of oil

Offshore oil exploration

Saudi Aramco plans $40bn of upstream investments Subscription Required

26 August 2014 | By Kevin Baxter

Saudi Aramco CEO reveals plans for huge investment in oil and gas fields

Air stikes in Libya

Waha Oil Company offices bombed in Libya air strike Subscription Required

26 August 2014 | By Wil Crisp

Air raid on 23 August caused fire at oil company headquarters

Drilling

Jordan auctions three oil blocks Subscription Required

25 August 2014 | By Mark Watts

Jordan Energy Ministry sets 20 October deadline on proposals for developing Azraq and Sirhan areas

Oil field

Algeria licensing round delayed for a second time Subscription Required

25 August 2014 | By Wil Crisp

Submissions to the tender are now due in on 30 September

Refinery pipes

Al-Hassan wins $68m piping deal on Sohar refinery expansion Subscription Required

25 August 2014 | By Mark Watts

Local group awarded sub-contract by Petrofac/Daelim consortium

Comment

Gasification_xl

The real work now starts for Jizan

1 September 2014 | By Kevin Baxter

Riyadh needs to ensure region is an attractive proposition to investors

non-conventional gas

Aramco's $40bn plans could be tip of iceberg

28 August 2014 | By Kevin Baxter

The development of non-conventional gas and maintaining upstream assets will not be cheap

Libya

Recovery in Libyan oil exports

21 August 2014 | By Wil Crisp

The country is further than ever from being able to form a unified military force to resist the militias

In Amenas gas facility in Algeria

Ukraine’s crisis is Algeria’s opportunity

7 August 2014 | By Wil Crisp

Tensions between Europe and Russia revive a long-stalled gas project, but enthusiasm may turn out to be short-lived

Drilling

Abu Dhabi moves on oil concession

24 July 2014 | By Mark Watts

Bids submitted for Adco onshore operations, but major contender ExxonMobil has left the race

Drilling

Shale gas faces a tight fight

17 July 2014 | By Kevin Baxter

As Saudi Aramco further invests in exploiting tight gas reserves, shale gas is being put on the back burner

Refinery

Case grows for subsidy cuts in Saudi Arabia

10 July 2014 | By Kevin Baxter

If fuel subsidies are curbed and domestic consumption slows down, Aramco can use the new capacity it is building for exports

Analysis

Pipes

Technology sanctions set to delay unconventional oil projects in Russia Subscription Required

21 August 2014 | By Wil Crisp

Ban on sales of shale and deep water hydrocarbon extraction equipment to hurt Russia’s future output

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription Required

14 August 2014 | By Robert Jones

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

Oil production

Saudi oil revenues expected to top $300bn Subscription Required

11 August 2014 | By Kevin Baxter

Strong oil prices coupled with sustained high production leads to upwards revision in forecast

Algeria natural gas net exports

The struggle to boost Algerian gas Subscription Required

6 August 2014 | By Wil Crisp

Algiers is unlikely to be able to significantly increase exports in the short term, despite rising demand

Rigs operating in the Middle East and North Africa, June 2014

Middle East rig count on the rise Subscription Required

31 July 2014 | By Kevin Baxter

The region is now the world’s second-biggest market for operating oil rigs

Middle East and north Africa oil and gas reserves

Hydrocarbon reserves of strength Subscription Required

23 July 2014 | By Dominic Dudley

The Middle East remains a key source of hydrocarbons, but reserves are growing faster in other regions

Yemen crude production

Unrest in Yemen to weigh on oil production Subscription Required

21 July 2014 | By Wil Crisp

Increasing violence and shifting territories may force oil companies to cut investment

Rescue: Aramco took over the development of Jizan Economic City to prevent its failure

Saudi Aramco’s mission creep Subscription Required

17 July 2014 | By Kevin Baxter

The oil major’s influence is spreading as it proves itself to be a reliable client for Riyadh

UAE upstream

UAE upstream awards dominated by Petrofac and NPCC Subscription Required

16 July 2014 | By Mark Watts

Nasr award brings total National Petroleum Construction Company haul to $4.3bn since 2012

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