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Oil & Gas News & Analysis

News

Oman in talks to buy local assets of Occidental Petroleum

Oman in talks to buy local assets of Occidental Petroleum Subscription Required

23 October 2014 | By Mark Watts

Oman Oil Company waiting for US firm to specify terms of acquisition

Kuwait Energy strikes oil in Egypt

Kuwait Energy strikes oil in Egypt Subscription Required

22 October 2014 | By Wil Crisp

CEO says find has potential to boost daily production levels

Water treatment

Dodsal starts work on Kuwait water plant Subscription Required

22 October 2014 | By Wil Crisp

Dubai-based firm was awarded the contract on 15 September

Aramco gas exports

Aramco awards Sepco $1.3bn gas contract Subscription Required

22 October 2014 | By Kevin Baxter

Chinese contractor secures booster compressor stations deal after close bid round

Kuwait Oil Company has issued a tender for a project to construct a water treatment centre in North Kuwait

Kuwait tenders water treatment centre Subscription Required

22 October 2014 | By Wil Crisp

Processing plant to be located in North Kuwait

Syria

Isis oil production estimated to be worth $2m a day Subscription Required

21 October 2014 | By Mark Watts

US intelligence group IHS estimates Islamist group is able to produce up to 60,000 barrels a day  

Kuwait issues tender for manifold pipeline to link gathering centres

Kuwait issues tender for manifold pipeline Subscription Required

21 October 2014 | By Wil Crisp

Pipeline to link gathering centres in the North Kuwait Operations Zone

London-listed Genel Energy has struck oil in Morocco’s offshore Sidi Moussa block

Genel Energy strikes oil in Morocco Subscription Required

21 October 2014 | By Wil Crisp

Find could be country’s first commercial oil discovery

Abu Dhabi Marine Operating Company signs enhanced oil recovery deal with BP

Adma-Opco signs enhanced oil recovery deal with BP Subscription Required

20 October 2014 | By Mark Watts

Emirate looking to develop technology similar to that used at UK field

Abu Dhabi starts production at Umm al-Lulu field

Abu Dhabi starts production at Umm al-Lulu field Subscription Required

20 October 2014 | By Mark Watts

First development phase complete as Adma-Opco works on full-field development

The developers of Israel’s offshore Tamar gas field have signed a memorandum of understanding agreeing to sell Egypt’s Dolphinus Holdings as much as 2.5 billion cubic metres of gas

Agreement signed on Israeli gas exports to Egypt Subscription Required

20 October 2014 | By Wil Crisp

Tamar field partners agree to sell at least 2.5 billion cubic metres of gas to Egypt over three years

India's TERI prepares to ask for two-year extension to Kuwait oil spill clean-up contract

Kuwait soil remediation project hits setback Subscription Required

19 October 2014 | By Wil Crisp

India’s TERI prepares to ask for two-year extension

A burnt truck is seen in the aftermath of clashes between pro-government forces and rebels on 18 October in Benghazi

Libya prime minister sets sights on Tripoli Subscription Required

19 October 2014 | By Wil Crisp

Al-Thani says pro-government forces will attempt to take control of capital

CORRECTION: Oman Gas Company Subscription Required

16 October 2014 | By Mark Watts

Oman Gas Company has not issued a tender for a contract to provide the front-end engineering and design (feed) for the Muscat city gas project, as reported by MEED in the article “Oman tenders Muscat city gas project”, dated 11 September 2014.

Abu Dhabi asks for bid extension on onshore oil fields

Abu Dhabi asks for bid extension on onshore oil fields Subscription Required

15 October 2014 | By Mark Watts

Companies have been asked to extend concession proposals until end of year, claims report

EPC awards in Oman

BP invites bids on Khazzan gas pipelines Subscription Required

15 October 2014 | By Mark Watts

Companies asked to submit proposals for export, condensate and gas gathering pipelines

Bapco has awarded the US’ Chevron Lummus Global a $100m-plus contract to carry out design and engineering work on its Sitra refinery

Bapco awards Chevron Lummus $100m design deal Subscription Required

15 October 2014 | By Kevin Baxter

US joint venture will also provide licensed technology for refinery modernisation programme

Saudi energy awards

Saipem and CCC win at Aramco's Khurais field Subscription Required

13 October 2014 | By Kevin Baxter

Contractors will sign for main packages at $3bn oil field expansion project by end of October

Algeria

Algeria sets 2022 shale target Subscription Required

13 October 2014 | By Kevin Baxter

Sonatrach plans to produce unconventional gas within eight years

Emarat tenders Fujairah storage terminal expansion

Emarat tenders Fujairah storage terminal expansion Subscription Required

13 October 2014 | By Mark Watts

UAE group invites bids for third phase of work at UAE facility

Comment

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

Libya

Political rivalry threatens Libya’s oil recovery

25 September 2014 | By Wil Crisp

A tale of two parliaments

The Energy Ministry estimates that by 2020, about a quarter of the country's power will be generated by the nuclear sector, after the start-up of the nuclear reactor in Abu Dhabi in 2017

UAE shifts energy priorities

25 September 2014 | By Mark Watts

New Energy Ministry directorate designed to face changing landscape in global energy sector

Egypt needs to work with international oil companies to fast-track projects to develop gas fields

Cairo looks for escape route

18 September 2014 | By Wil Crisp

Egypt is struggling to find a way to solve its escalating gas crisis

Gas

The battle to bring West Nile Delta online

11 September 2014 | By Wil Crisp

Delays to getting Egypt’s biggest gas project producing will punish the Egyptian economy

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

Analysis

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

As Libya sinks deeper into the chaos of war, its badly defended oil infrastructure is becoming increasingly susceptible to shutdowns

Libya’s oil recovery falters Subscription Required

24 September 2014 | By Wil Crisp

Recent drop in production could foreshadow greater declines

Economic impact: Frequent power cuts are causing havoc for local businesses

Tackling Egypt's gas crisis Subscription Required

18 September 2014 | By Wil Crisp

Cairo will have to tackle dysfunctional subsidies and resolve pricing disputes in order to shrink the shortage of gas

GCC oil and gas awards

GCC oil and gas spend hits long-term high in 2014 Subscription Required

16 September 2014 | By Mark Watts

Six-country bloc has invested $29bn to date driven by resurgence in Kuwait projects

Percentage of infected computers

The continued challenge of keeping assets secure Subscription Required

10 September 2014 | By Kevin Baxter

More money is being spent on protecting the region’s industrial plants

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