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Oil & Gas News & Analysis

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Larsen & Toubro pulls out of New Refinery pipeline deal

Larsen & Toubro pulls out of New Refinery pipeline deal Subscription Required

30 October 2014 | By Wil Crisp

Dubai’s Dodsal now favourite to win Kuwait Oil Company contract

Gas tanks

Jordan gas terminal ready by May Subscription Required

29 October 2014 | By Kevin Baxter

Liquefied natural gas will be imported from second quarter of 2015

Saudi Aramco's Khurais oil field in Saudi Arabia

Aramco confirms Saipem for $2bn Khurais deal Subscription Required

29 October 2014 | By Kevin Baxter

Italian contractor will construct main processing facilities at oilfield expansion

The Saudi-Kuwait spat has fuelled speculation that there could be delays to the ongoing $5bn oil field development project at the Wafra field

Kuwait emir visits Saudi king amid neutral zone spat Subscription Required

29 October 2014 | By Wil Crisp

Failure to resolve dispute could lead to production ceasing at Wafra field

Oil and gas processing plant

Spanish consortium awarded Oman oil and gas plants modernisation Subscription Required

29 October 2014 | By Mark Watts

OHL Industrial and Sener win contract on Petroleum Development Oman facilities

Egypt says terror groups poised to seize Libya oil fields

Egypt says terror groups poised to seize Libya oil fields   Subscription Required

29 October 2014 | By Wil Crisp

Foreign minister warns that jihadists could profit by taking control of oil assets

Iraq oil export pipelines

Iraq to Jordan crude pipeline on indefinite hold Subscription Required

29 October 2014 | By Kevin Baxter

Some experts believe that the $7bn pipeline project will now never be constructed

Kuwait has told US oil company Chevron to clear out of its offices in the neutral zone town of Mina al-Zour, saying it wants to build part of its Al-Zour New Refinery on the site

Chevron told to move amid Kuwait-Saudi Arabia dispute Subscription Required

29 October 2014 | By Wil Crisp

Kuwait says it wants to build part of its Al-Zour New Refinery on US company’s site

The corruption probe centres on Italian oil services company Saipem, which prosecutors claim paid bribes to win contracts worth $11bn in Algeria

Eni CEO attends Algeria corruption hearing Subscription Required

28 October 2014 | By Wil Crisp

Probe centres on allegations that bribes were paid to win contracts worth $11bn

Gas pipe

Contracts awarded for $800m Tunisia gas project Subscription Required

26 October 2014 | By Wil Crisp

Gas treatment unit to be located in Gabes governorate

Kuwait City

Kuwait warns of spending cuts Subscription Required

26 October 2014 | By Wil Crisp

Weak oil prices will drive reforms in Gulf says finance minister

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

Comment

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

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

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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