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Oil & Gas

Oil & Gas market news

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

29 October 2014 | By

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

Egypt says terror groups poised to seize Libya oil fields

Egypt says terror groups poised to seize Libya oil fields   Subscription

29 October 2014 | By

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

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

28 October 2014 | By

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

Kuwait City

Kuwait warns of spending cuts Subscription

26 October 2014 | By

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

23 October 2014 | By

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

22 October 2014 | By

CEO says find has potential to boost daily production levels

Syria

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

21 October 2014 | By

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

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

Genel Energy strikes oil in Morocco Subscription

21 October 2014 | By

Find could be country’s first commercial oil discovery

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New projects

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

22 October 2014 | By

Processing plant to be located in North Kuwait

Emarat tenders Fujairah storage terminal expansion

Emarat tenders Fujairah storage terminal expansion Subscription

13 October 2014 | By

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

Gas

Dana Gas awarded two Egyptian offshore concessions Subscription

29 September 2014 | By

UAE gas company is awarded two blocks in the Nile Delta

CB&I Lummus wins Algeria gas field design contract

CB&I Lummus wins Algeria gas field design Subscription

28 September 2014 | By

Ain Tsila contract awarded by Groupement Isarene

Fujairah port

UAE plans expanded gas import project in Fujairah Subscription

23 September 2014 | By

Fujairah government official says ultimate plan is 15 million tonnes a year

Groupement Sonatrach Agip is seeking technical offers for a project to design, supply and install a centre for oil and gas compression in Algeria

Eni team tenders Algeria compression centre Subscription

21 September 2014 | By

Facility to be located near country’s eastern border

Aramco raw gas to gas plants and Saudi gas consumption

Saudi Aramco prequalifies tight gas contract Subscription

4 September 2014 | By

State-owned oil major pushes ahead with non-conventional project in north of kingdom

Oil pipes

Kuwait to tender $706m manifold project Subscription

13 August 2014 | By

Manifold project tender due to be issued in one to two weeks according to industry source

Project bids

Larsen & Toubro pulls out of New Refinery pipeline deal

Larsen & Toubro pulls out of New Refinery pipeline deal Subscription

30 October 2014 | By

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

EPC awards in Oman

BP invites bids on Khazzan gas pipelines Subscription

15 October 2014 | By

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

Saudi energy awards

Saipem and CCC win at Aramco's Khurais field Subscription

13 October 2014 | By

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

Aramco extends bid deadline for long-term offshore deal

Aramco extends bid deadline for long-term offshore deal Subscription

7 October 2014 | By

Contractors will have until November to submit bids

Oil companies invited to bid on Kuwait Ratqa heavy oil contract

Oil firms invited to bid on Ratqa contract Subscription

6 October 2014 | By

Kuwait looks to major oil companies for assistance in developing fields

Onshore oil field

Abu Dhabi receives Mender field development bids Subscription

30 September 2014 | By

Estimated $200m contract to be awarded to bring new field into production

Oman energy EPC awards

Oman invites prequalification for Duqm refinery Subscription

28 September 2014 | By

Companies asked to express interest in major downstream project by 23 October

UAE LNG capacity

Emirates LNG assessing Fujairah terminal bids Subscription

24 September 2014 | By

UAE plans to increase eastern emirate’s annual import capacity to 15 million tonnes in second phase

Project awards

Saudi Aramco's Khurais oil field in Saudi Arabia

Aramco confirms Saipem for $2bn Khurais deal Subscription

29 October 2014 | By

Italian contractor will construct main processing facilities at oilfield expansion

Oil and gas processing plant

Spanish consortium awarded Oman oil and gas plants modernisation Subscription

29 October 2014 | By

OHL Industrial and Sener win contract on Petroleum Development Oman facilities

Gas pipe

Contracts awarded for $800m Tunisia gas project Subscription

26 October 2014 | By

Gas treatment unit to be located in Gabes governorate

Water treatment

Dodsal starts work on Kuwait water plant Subscription

22 October 2014 | By

Dubai-based firm was awarded the contract on 15 September

Aramco gas exports

Aramco awards Sepco $1.3bn gas contract Subscription

22 October 2014 | By

Chinese contractor secures booster compressor stations deal after close bid round

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

15 October 2014 | By

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

The US' CB&I Lummus has been awarded a $90m contract to revamp five oil storage tanks on Das Island in Abu Dhabi

CB&I Lummus wins $90m Abu Dhabi storage tank contract Subscription

12 October 2014 | By

Firm to revamp five oil tanks on Das Island for Abu Dhabi Marine Operating Company

The UK's BP has awarded about $730m in long-term drilling contracts for its Khazzan tight gas project in central Oman

BP awards $730m in Oman drilling deals Subscription

8 October 2014 | By

KCA Deutag and Abraj Energy Service win deals on Khazzan gas project

Updates

Water treatment

Dodsal starts work on Kuwait water plant Subscription

22 October 2014 | By

Dubai-based firm was awarded the contract on 15 September

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

Kuwait soil remediation project hits setback Subscription

19 October 2014 | By

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

GCC polymers exports

Kuwait revives Olefins 3 plans Subscription

8 October 2014 | By

Multibillion-dollar petrochemicals project sees new momentum

Gestamp Solar Kuwait plant to be completed in mid-2015

Gestamp Solar Kuwait plant to be completed in mid-2015 Subscription

7 October 2014 | By

Facility will form part of Umm Gudair enhanced oil recovery system

Extension of bid deadline requested for Kuwait's New Refinery Project

Extension requested for New Refinery Project Subscription

28 September 2014 | By

Prequalified contractor says it needs more time to formulate proposal

Drilling

WesternZagros resumes oil operations in northern Iraq Subscription

24 September 2014 | By

Canadian company removed non-essential personnel amid hostilities in northern Iraq

Kuwait

Kuwait clean-up enters main treatment phase Subscription

23 September 2014 | By

Contractors begin main treatment work on southeast soil remediation contracts

gas compressor

Tecnicas Reunidas and Sepco frontrunners for $1bn gas contract Subscription

22 September 2014 | By

Spanish and Chinese contractors are lowest bidders for Aramco’s booster gas compressor stations

Financing

Repayment fails to kick-start Egypt gas project

Repayment fails to kick-start Egypt gas project Subscription

7 October 2014 | By

BG Group remains in talks with Cairo over $1.5bn West Delta Deep Marine field development

GCC oil and gas awards

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

16 September 2014 | By

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

gas

Dana Gas signs project finance deal for UAE offshore gas field Subscription

10 September 2014 | By

First gas production due in first half of 2015

Oil pipeline valves

Sudan receives $183m in pipeline transit fees Subscription

5 August 2014 | By

Oil minister says cash injection will boost Sudan’s foreign reserves

Algeria approves plan to boost oil and gas output

Algeria approves plan to boost oil and gas output Subscription

22 July 2014 | By

National energy company Sonatrach plans to spend $100bn over five years

Oil & gas trends

Egypt oil and gas balance

Israeli gas exports to Egypt look increasingly likely Subscription

23 October 2014 | By

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

21 October 2014 | By

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

Middle East contracts September 2014

Middle East contracts awarded: September 2014 Video Subscription

16 October 2014

Over $2bn of contracts awarded in September in the Middle East

Middle East contracts awarded August 2014

Middle East contracts awarded: August 2014 Video Subscription

14 October 2014

Over $3bn of contracts awarded in August in the Middle East

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

2 October 2014 | By

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

1 October 2014 | By

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

24 September 2014 | By

Recent drop in production could foreshadow greater declines

Yanbu Export Refinery

Yanbu Export Refinery Subscription

22 September 2014

The refinery, jointly owned by Saudi Aramco and China Petrochemical Corporation, will have a capacity of 400,000 barrels a day

Filter all oil & gas analysis by country

MEED comment

Upstream research and development

Gulf driving its own innovation

30 October 2014 | By

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

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

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

Project merger sparks concerns about further delays

Oil prices

Hard economics overtakes geopolitics for oil

2 October 2014 | By

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

Libya

Political rivalry threatens Libya’s oil recovery

25 September 2014 | By

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

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

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

See all MEED commentary

Special reports

Oil and gas

Oil & Gas: GCC steps up spending on research

30 October 2014

New technologies changing the realities of research and development

Oil drilling

Oil & Gas: Enhanced recovery the future of upstream

3 September 2014

Tertiary recovery techniques are being seriously considered by Middle East oil producers with heavy investment earmarked for the technology

Oil and gas

Middle East Oil & Gas report

31 August 2014 | By

The end of the boom for the energy market

Oil and gas

Oil & Gas: Kuwait and Iraq lead EPC awards Subscription

5 June 2014

New markets will increasingly be driving EPC spending in the coming years

Iraq

Iraq: Factional friction poses threat to security Subscription

6 March 2014

At MEED’s Iraq Energy Projects conference held in Dubai in February, gas was high on the agenda

See all oil & gas special reports

Oil & gas presentations

Dubai creek

Managing the Boom: The Outlook for the Middle East Subscription

23 July 2014

Opportunities and challenges for businesses in the region created by the new projects boom

Lusail Iconic stadium

Webinar: Qatar Projects Subscription

8 April 2013

There are more than $220bn-worth of projects planned or under way in Qatar, as it pushes forwards with major infrastructure developments

Top 100 projects 2012

Top 100 projects: The Middle East market gains momentum Subscription

3 February 2013

This webinar examines projects market trends in the region and forecasts which countries and sectors will grow in 2013

See all webinars

Top 10 projects



Rank Project Name Country Contract value ($m)
1 Karbala New Refinery Iraq 6,040
2 Clean Fuels Project 2020: MAA Package Kuwait 4,800
3 Clean Fuels Project 2020: MAB - Package 1 Kuwait 3,800
4 Upper Zakum Full Field: Early Production Facility:
Offshore: EPC 2
UAE 3,790
5 Clean Fuels Project 2020: MAB: Package 2 Kuwait 3,400
6 Neka to Jask Pipeline Iran 3,300
7 Yanbu Export Refinery: Gasoline Block: EPC-3 Saudi Arabia 2,500
7 Bandar Abbas Condensate Refinery Iran 2,500
9 Ruwais Carbon Black and Delayed Coker Project UAE 2,470
10 Sohar Refinery Expansion Project Oman 2,100
Click through to the full data table on the biggest oil & gas projects in execution
Click through to MEED's Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014

Projects trends

Gulf Projects Index

Gulf index falls back to September levels Subscription

30 October 2014

UAE and Qatar record biggest declines in value of projects markets

Gulf projects index

Gulf index rises on Qatar growth Subscription

23 October 2014

Gas-rich state records expansion of 3.4 per cent in value of projects market

Gulf projects index

Market eases for Eid break Subscription

9 October 2014

Oman is only projects market to record significant movement

See all Gulf Projects Index articles

Companies

Gasco

Abu Dhabi Gas Industries Subscription

Also known as Gasco, the company is a joint venture between the Abu Dhabi National Oil Company, Shell, Total and Partex

Adma-Opco

Abu Dhabi Marine Operating Company Subscription

Abu Dhabi Marine Operating Company, ADMA-OPCO in brief, is a major producer of oil and gas from the offshore areas of the Emirate of Abu Dhabi

See all oil & gas company profiles

People

Mazen Alami Subscription

27 July 2014

Mazen Alami is managing director, Middle East at Black & Veatch

Pradeep Dhal Subscription

20 July 2014

Pradeep Dhal is director oil & gas sales, Middle East and India at Black & Veatch

Dani Kabbani Subscription

25 June 2014

Dani Kabbani is managing partner of Eversheds Doha legal office

Wael Sawan

16 June 2014

Wael Sawan is managing director and chairman, Qatar Shell Companies

Thani Thamer Mohammad al-Thani

16 June 2014

Thani Thamer Mohammad al-Thani is deputy general manager, Qatar Shell

Abdulrahman al-Wuhaib Subscription

9 March 2014

Abdulrahman al-Wuhaib is senior vice-president downstream, Saudi Aramco

See all oil & gas biographies

Meet the analysts


Kevin Baxter
Energy and Industries Editor
Countries covered: Saudi Arabia, Bahrain, Qatar, Algeria

Phone: +971 (0)4 818 0246
Email: kevin.baxter@meed.com

Mark Watts
Energy and Industries Reporter
Countries covered: UAE, Oman, Iran

Phone: +971 (0)4 818 0248
Email: mark.watts@meed.com

Tenders

Kuwait: Water centre construction Subscription

18 October 2014 | By

Construction of a new water centre

See all oil & gas tenders

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MEED events

Kuwait Projects 2014

Kuwait Projects 2014

Exploring project opportunities in the Kuwait Market

See the MEED events calendar

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