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Oil & Gas News & Analysis

News

Gas

Dana Gas to invest $350m in developing Egyptian gas

27 November 2014 | By Philippa Wilkinson , Edmund O'Sullivan

UAE company owed $160m in overdue receivables

Oman onshore oil block

Indonesian group wins Oman onshore oil block Subscription Required

27 November 2014 | By Mark Watts

MedcoEnergi to carry out six-year exploration programme in south of Oman

Libya to reopen its Nafoura oil field

Libya to reopen its Nafoura oil field Subscription Required

26 November 2014 | By Kevin Baxter

Asset was shut down due to protesters demanding jobs

Ras Tanura

Saudi Aramco extends $3bn Ras Tanura deadline Subscription Required

26 November 2014 | By Kevin Baxter

Contractors now have until February to submit bids for Eastern province refinery rehabilitation

Kuwait projects market

Kuwait projects market to hit record high in 2014 Subscription Required

26 November 2014 | By Wil Crisp

A total of $33.4bn is due to be awarded in Kuwait’s projects market over the year

 given the rising volumes of passengers travelling on the Dubai Metro, the region is beginning to establish a track record that lenders and bankers could use to predict whether project finance debts can be repaid

The Middle East in 2030 Subscription Required

25 November 2014 | By Richard Thompson

Take part in MEED’s survey to identify the key trends that will shape the Middle East economy in 2030

Oil fires in Kuwait set by retreating Iraqi troops during the First Gulf War have had a devastating effect on Kuwait's deserts

Kuwait to issue remediation technology tender in June

25 November 2014 | By Wil Crisp

Companies will be invited to demonstrate innovative ways of cleaning Kuwait’s deserts since the oil fires of the first Gulf War

Kuwait reveals timeline for Lower Fars heavy oil project

Kuwait reveals timeline for Lower Fars heavy oil project

25 November 2014 | By Wil Crisp

State-owned upstream operator says contract will be awarded in December

WTI crude spot price

Kuwait says shrinking margins will not affect New Refinery Project

25 November 2014 | By Wil Crisp

CEO of state refiner says volatile oil prices could result in future schemes being put on hold

UAE oil and gas fields

Abu Dhabi invites bids on Bab Integrated Facilities Subscription Required

24 November 2014 | By Mark Watts

Deadline extended to first quarter 2015 for onshore oil field project

Lower oil prices will spur reforms

Lower oil prices will spur reforms, says Aramco CEO Subscription Required

24 November 2014 | By Mark Watts

GCC will come out of oil price slump stronger after increasing efficiency

Abu Dhabi yet to award Al-Dabbiya phase three deal

Abu Dhabi yet to award Al-Dabbiya phase three deal Subscription Required

24 November 2014 | By Mark Watts

Tecnimont frontrunner for major onshore contract after bids were submitted in September

Aramco to terminate SK E&C from Jizan refinery project

Aramco to terminate SK E&C from Jizan refinery Subscription Required

23 November 2014 | By Kevin Baxter

South Korean contractor to go after failing to agree budget increase at $7bn-plus project in Saudi Arabia

Turkey and Algeria agree 10-year gas deal

Turkey and Algeria agree 10-year gas deal Subscription Required

23 November 2014 | By Wil Crisp

Algeria set to supply Turkey with 4.4 billion cubic metres of gas

Refinery under construction

Aramco sees Jizan refinery costs soar by $2bn Subscription Required

20 November 2014 | By Kevin Baxter

Contractors claiming more funds due to delays and scope changes in huge refinery scheme

Bam International has been awarded a contract to build marine infrastructure works for the third-phase expansion of the Al-Dabbiya oil field in Abu Dhabi

Bam wins $88m deal on Al-Dabbiya marine works Subscription Required

20 November 2014 | By Mark Watts

Dutch company to carry out work on shallow-water oil field development in Abu Dhabi

Baiji refinery

Iraq forces break siege at Baiji refinery Subscription Required

19 November 2014 | By Mark Watts

Baghdad claims strategic victory as army regains ground from Islamist militants

Oil sector

Lower crude could affect future spending in Oman oil sector Subscription Required

19 November 2014 | By Mark Watts

But ministry says current expansion projects will go ahead as planned

Rig

Kuwait yet to decide on Lower Fars Subscription Required

19 November 2014 | By Wil Crisp

Contractors say it could be weeks or months until contract is awarded

Offshore security

Saudi Aramco plans first award for $1bn offshore security contract Subscription Required

18 November 2014 | By Kevin Baxter

Dutch/Vietnamese shipbuilder favourite for $180m patrol vessels contract

Comment

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

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

New Oman projects could boost exports

New Oman projects could boost gas exports

16 October 2014 | By Mark Watts

Khazzan project gathers steam with most of construction on track to start in 2015

Kuwait Olefins 3 integration adds uncertainty to New Refinery Project

Olefins 3 integration adds uncertainty to New Refinery Project

9 October 2014 | By Wil Crisp

Project merger sparks concerns about further delays

Oil prices

Hard economics overtakes geopolitics for oil

2 October 2014 | By Kevin Baxter

Oil prices could stay below $100 a barrel for some time

Analysis

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

IMF real GDP growth forecast 2015-19 percentage

Oil price slump tests forecasters Subscription Required

21 October 2014 | By Edmund O'Sullivan

Political upheaval and uncertain oil price trends make predicting economic growth challenging

Strategy: Only a cut of about 1 million barrels a day from Opec will help stem the oil price decline

Hard realities test $100 oil Subscription Required

2 October 2014 | By Kevin Baxter

Barrel prices come under intense pressure from oversupply and a strong dollar

Norway's Statoil and UK/Dutch Shell have been awarded an exploration licence for Algeria’s Timissit block, an area with shale gas potential

Statoil and Shell awarded acreage in Algeria Subscription Required

1 October 2014 | By Wil Crisp

Award hailed as opportunity to test potentially large shale play

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