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Oil & Gas News & Analysis

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Kuwait oil exports to China surge

Kuwait oil exports to China surge Subscription Required

27 January 2015 | By Wil Crisp

Total of 1.73 million tonnes of crude was exported in December

Oil

Oil prices set for second half recovery Subscription Required

27 January 2015 | By Mark Watts

Abu Dhabi economy minister predicts upturn in crude and major world economies

Boats

Sohar shelves new liquid bulk jetty project Subscription Required

27 January 2015 | By Mark Watts

Northern Oman port operator says there is no need for increase in jetty capacity

Fracking

Algeria delays fracking plans Subscription Required

26 January 2015 | By Wil Crisp

Prime Minister says commercial shale gas extraction won’t begin before 2022

UAE oil storage awards

Overcapacity slows oil storage investment Subscription Required

26 January 2015 | By Mark Watts

Capacity projections revised down as expansions are delayed at UAE’s east-coast storage hub in Fujairah

UAE oil and gas EPC awards

UAE oil and gas projects will go ahead Subscription Required

26 January 2015 | By Mark Watts

Abu Dhabi will continue to invest in upgrade of facilities amid market jitters, says minister

Algeria’s oil and gas projects market is likely to gain momentum over the next five years as new capital schemes are announced, according to Dodsal

Dodsal confident in Algeria's energy plans Subscription Required

25 January 2015 | By Wil Crisp

Executive says increase in field development projects is expected

Fujairah refinery bids set for March

Fujairah refinery bids set for March Subscription Required

22 January 2015 | By Mark Watts

Contractors given deadline for main package of new refinery project

oil

Petrochina tenders field surface facilities Subscription Required

22 January 2015 | By Mark Watts

Chinese group also invites bids for power plant expansion management and new road bridge

Erbil, capital of the Kurdistan region of northern Iraq

Kurds to receive full share of Baghdad budget Subscription Required

21 January 2015 | By Mark Watts

Oil exports deal smooths relations between Iraq and northern Kurdish exclave

Libya oil

Libyan Opec official goes missing Subscription Required

21 January 2015 | By Wil Crisp

Samir Salem Kamal was last seen in Tripoli

Oil drilling

Petrofac confirms Lower Fars contract award Subscription Required

21 January 2015 | By Wil Crisp

UK-based company says $4.2bn project in North Kuwait set to be completed in 52 months

Pipeline construction

Kuwait delays Al-Zour pipeline contract award Subscription Required

21 January 2015 | By Wil Crisp

Contractors asked to extend bid bond until the end of March

Crude production

Iraq reports record crude production Subscription Required

20 January 2015 | By Mark Watts

Oil Ministry says output has reached milestone of 4 million barrels day in December

Gas pipeline construction

Tensions over delayed Iran-Pakistan pipeline Subscription Required

20 January 2015 | By Kevin Baxter

Tehran grows frustrated over lack of action by Pakistan over multibillion-dollar scheme and is expected to impose harsh fines

Onshore gas drilling

Oman starts tight gas production at $1bn Abu Tabul project Subscription Required

20 January 2015 | By Mark Watts

OOCEP expects to hit production target by end of 2015

Refining industry

Low oil price could halt Bapco refinery expansion Subscription Required

20 January 2015 | By Kevin Baxter

CEO says investment decision will be made in 2016

Aramco places Shoaiba bulk plant on hold

Aramco places Shoaiba bulk plant on hold Subscription Required

19 January 2015 | By Kevin Baxter

Oil storage facility shelved indefinitely due to land and budget issues

Pipeline

Saudi Aramco releases gas pipeline tenders Subscription Required

19 January 2015 | By Kevin Baxter

Four packages being offered to contractors with an estimated combined budget of over $1.5bn

Rig

Eni awarded Egyptian oil and gas concessions Subscription Required

18 January 2015 | By Wil Crisp

Italian oil and gas company signs agreement for the offshore North Leil and Karawan blocks 

Comment

Saudi Arabia plays the long game

Saudi Arabia plays the long game

20 January 2015 | By Kevin Baxter

While there are worrying developments, reports on the demise of the kingdom’s oil sector are wildly exaggerated

gas flare

UAE gas crunch continues

20 January 2015 | By Mark Watts

Measures taken to curb energy consumption

Saudi Aramco's Khurais oil field in Saudi Arabia

Masters of the new world energy order

18 January 2015 | By Edmund O'Sullivan

The GCC, the worlds’ biggest energy exporter, and the US, the world’s largest energy consumer are emerging as leaders in a new world energy order

UN needs to consider its options as Morocco drills in Western Sahara

UN needs to consider its options

13 January 2015 | By Wil Crisp

Inaction over Morocco’s drilling in the Western Sahara may not be the best policy

Opec secretary-general Abdullah al-Badri

OPEC seeks purpose in the new world energy order Subscription Required

12 January 2015 | By Edmund O'Sullivan

Founded in 1960, OPEC is the most successful commodity cartel in history, but it’s now facing an existential challenge.

Ras Tanura refinery in Saudi Arabia

Aramco still committed to long-term vision

6 January 2015 | By Kevin Baxter

Ras Tanura postponement should not be misconstrued as anything other than capital investment planning

With Opec production likely to stay constant for at least six months, US hydrocarbons production is now the major source of uncertainty for the oil market

Arab countries will not blink first on oil

22 December 2014 | By Wil Crisp

Regional energy ministers take tough stance on output

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

Analysis

Supply and demand: Domestic gas consumption has outsripped production in recent years

Abu Dhabi takes on gas deficit Subscription Required

20 January 2015 | By Mark Watts

The Shah project is providing a boost to gas availability in the UAE, but it is only part of its strategy

Ship: The Atwood Achiever began drilling in December

Drilling reignites territorial dispute Subscription Required

20 January 2015 | By Wil Crisp

Oil exploration activity in the Western Sahara could bring renewed violence to the North African disputed territory, with a billion barrels of oil potentially at stake

Samir Brikho, CEO, Amec Foster Wheeler

Amec Foster Wheeler sets sights on Saudi Arabia Subscription Required

20 January 2015 | By Kevin Baxter

CEO of the newly formed company, Samir Brikho speaks to MEED

Average LNG import prices to Japan

GCC LNG exporters hit as prices plummet Subscription Required

14 January 2015 | By Mark Watts

Lower Asia demand growth and tumbling crude price signal weak liquefied natural gas market in 2015

Kuwait oil and gas contract awards

Record oil and gas contract awards expected in Kuwait Subscription Required

6 January 2015 | By Wil Crisp

Project contracts worth $21.5bn due to be awarded over 2015

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

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