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Oil & Gas

Oil & Gas market news

Refinery

Dubai prepares to tender Jebel Ali refinery upgrade Subscription

28 May 2015 | By

Design completed on project to add new processing units to Dubai facility

Algeria plans 1,446km gas pipeline expansion

Algeria ready to relaunch Galsi Subscription

28 May 2015 | By

Prime Minister says the $3bn pipeline is part of a new regional vision

Sonatrach told to invest more in hydrocarbons

Sonatrach told to invest more in hydrocarbons Subscription

27 May 2015 | By

Algeria’s prime minister says potential not sufficiently exploited

Hamad al-Rumhy

Oman Oil Company appoints new board Subscription

26 May 2015 | By

Oil and gas minister to chair board, which includes four private sector leaders

Warplanes from Libya's official government attacked an oil tanker docked outside the city of Sirte on 24 May, wounding three people and setting the ship on fire, officials said

Libyan tribes meet in Cairo Subscription

26 May 2015 | By

Oil tanker bombed near port city of Sirte

Gas pipelines

Iran eyes June start for gas exports to Iraq Subscription

26 May 2015 | By

Sanctions could make payments method difficult as cross-border pipeline is completed

Oman Oil Company has divested its 5 per cent stake in Spanish gas company Enagas

Oman Oil Company sells stake in Spanish group Subscription

25 May 2015 | By

State-owned investment company divests 5 per cent stake

Oil rig

Abu Dhabi oil sector cuts operating costs Subscription

25 May 2015 | By

Oil producers asked to reduce operational spending by 10-15 per cent on lower oil prices

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New projects

Biofuels

High interest in Fujairah biofuels Subscription

27 May 2015 | By

Banks surveyed on financing project

Marine intake structure

Oman seeks firms for Duqm seawater supply Subscription

11 March 2015 | By

Facility to supply and dispose of seawater for proposed Duqm refinery

Global biofuels production and Fujairah oil and gas projects

Petrixo to tender $1.3bn biofuels refinery Subscription

23 February 2015 | By

Fujairah facility to produce 1 million tonnes a year of fuels from 2016

Egypt and Kuwait to partner on downstream projects

Egypt and Kuwait to partner on projects Subscription

17 February 2015 | By

Both countries sign memorandum of understanding to invest in $6.8bn-worth of downstream schemes

Restart of Egypt’s biggest gas project approved

Restart of Egypt’s biggest gas project approved Subscription

17 February 2015 | By

Officials say agreement with BP to be signed within two months

Refinery

Egypt mulls $9bn refinery Subscription

9 February 2015 | By

Cairo considers presenting the project to investors at its Sharm el-Sheikh conference

Offshore

Bahrain to launch oil licensing round Subscription

8 February 2015 | By

Energy minister tells MEED he is preparing to offer offshore concessions within the next 18 months

LNG

Bahrain LNG terminal contract to be awarded Subscription

8 February 2015 | By

Energy minister says the winning bid will be announced before the end of 2015

Project bids

Onshore field

Bab Integrated Facilities deadline likely to be extended Subscription

27 May 2015 | By

Abu Dhabi still finalising technical qualification of bidders for $2bn onshore scheme

Rig

Commercial bids submitted for Hail oil field project Subscription

27 May 2015 | By

Three companies competing to develop Abu Dhabi offshore field

Liquefied petroleum gas

Two compete to build Salalah LPG plant Subscription

26 May 2015 | By

Companies vie for main contract after completing design study for southern Oman scheme

Oil tanker

Companies prequalified for Duqm liquids terminal Subscription

26 May 2015 | By

Tender expected to be floated in third quarter of 2015

Gas plant

Saudi Aramco extends gas plant tender Subscription

24 May 2015 | By

Contractors given more time for largest hydrocarbons project of the year

New entrant expected for Abu Dhabi onshore concession

New entrant expected for Abu Dhabi onshore concession Subscription

13 May 2015 | By

South Korean group to be next company to pick up 5 per cent stake in oil fields

Kuwait

Low bid submitted on Kuwait water centre Subscription

12 May 2015 | By

Scheme part of a restructuring of the country’s water network

Companies vie to win $2bn Ain Tsila contract

Companies vie to win $2bn Ain Tsila contract Subscription

12 May 2015 | By

Firms from Europe, South Korea and China are among those seeking prequalification approval

Project awards

Oil storage

Audex awarded $231m of work on Fujairah oil storage Subscription

21 May 2015 | By

Singapore group to build oil storage terminals for two companies at UAE port

Power station

Indian company wins Kuwait substation contract Subscription

20 May 2015 | By

New facility will supply the Mina al-Ahmadi refinery

Subsea oil production

Bahr Essalam contract awarded to OneSubsea Subscription

20 May 2015 | By

Source says the Libyan offshore deal is worth around $450m

Oil pipelines

Chinese group awarded $330m Mender field development Subscription

18 May 2015 | By

CPECC to build first oil production facilities at field in south of Abu Dhabi

Pipeline projects

Tebodin picks up three Abu Dhabi oil project contracts Subscription

17 May 2015 | By

Dutch group to study replacement of piping systems on Das Island

Oil pipeline

Tebodin overseeing Muscat-Sohar pipeline Subscription

14 May 2015 | By

Dutch group appointed project management consultant for Oman infrastructure scheme

GS Energy awarded 3 per cent stake in Adco

GS Energy awarded 3 per cent stake in Adco Subscription

13 May 2015 | By

South Korean group is third international company to enter Abu Dhabi oil concession

The scope includes a storage tank

UK company wins design contract in Kuwait Subscription

13 May 2015 | By

Project estimated to be worth $500m

Updates

Offshore oil and gas

Italian oil firm strikes gas in Libyan waters Subscription

27 May 2015 | By

Find is located 20 kilometres north of the existing Bouri field

Oil pipeline

Adnoc on track to hit production target

19 May 2015 | By

Firm’s plans involve more than $100bn of investment by end of 2019

Pipeline

Al-Zour pipeline expected to be retendered Subscription

14 May 2015 | By

An invitation for bids on the $800m project is likely to be issued in coming months

Oil pipelines

Contractors seek compensation amid shutdown Subscription

13 May 2015 | By

Sources say Punj Lloyd and SK Engineering & Construction among those seeking damages

Petrochina drills 122 wells at Halfaya

Petrochina drills 122 wells at Halfaya Subscription

13 May 2015 | By

Production to increase as further wells are completed

PetroRabigh in unplanned maintenance

PetroRabigh in unplanned maintenance Subscription

27 April 2015 | By

Vacuum distillation unit closed until 10 May

Kuwait Energy commissions Egypt gas plant

Kuwait Energy commissions Egypt gas plant Subscription

26 April 2015 | By

Company says project will increase output from Abu Sennan concession

Refinery

Jizan enters next phase Subscription

23 April 2015 | By

Construction of refinery and power plant will offer up some serious challenges for Saudi Aramco

Financing

Oil field

BP agrees to reduce spending in Iraq Subscription

20 May 2015 | By

British oil major reduces budget for 2015 by $1bn, claims report

Refinery

Orpic secures loan Subscription

19 May 2015 | By

Omani refining company says funds will be used to support growth

Saudi Defence Minister Prince Mohammed bin Salman bin Abdulaziz al-Saud (C) at a defence exhibition in February

MEED board report, May 2015 Subscription

7 May 2015 | By

Key events and trends in the region over the past month and their impact on the outlook for the Middle East and North Africa

Dolphin Gas pipeline network

Dolphin Energy to raise $1bn financing Subscription

4 May 2015 | By

Gas pipeline company has approached banks

Technip wins Abu Dhabi offshore project management deal

Abu Dhabi plans major five-year offshore investment Subscription

22 April 2015 | By

Adnoc official says emirate aims to sustain 3.5 million barrels-a-day total capacity

Refinery

State oil company requests bigger budget for Al-Zour Subscription

15 April 2015 | By

Kuwait National Petroleum Company seeks permission to spend an extra $2.88bn

Iran nuclear talks in Lausanne

MEED board report, April 2015 Subscription

8 April 2015 | By

Key events and trends in the region over the past month and their impact on the outlook for the Middle East and North Africa

Egypt oil

BG signs $4bn gas deal with Egypt Subscription

15 March 2015 | By

President of BG Egypt says the investment will be made over 3-4 years

Oil & gas trends

UAE oil and gas concessions

Abu Dhabi oil’s pivot to Asia Subscription

18 May 2015 | By

South Korea takes first stake in major oil concession as part of a growing interest of Asian companies in UAE production

Mounting debt: Baghdad owes $9bn to contractors for 2014 and needs to pay $18bn to investors this year

Payment arrears stall Iraq oil sector investment Subscription

12 May 2015 | By

Despite record oil exports, Baghdad is struggling to pay contractors and having to lower production targets

Saudi Defence Minister Prince Mohammed bin Salman bin Abdulaziz al-Saud (C) at a defence exhibition in February

MEED board report, May 2015 Subscription

7 May 2015 | By

Key events and trends in the region over the past month and their impact on the outlook for the Middle East and North Africa

MEED contracts awarded April 2015

Middle East contracts awarded: April 2015 Video Subscription

3 May 2015

Nearly $5bn of contracts awarded in April in the Middle East

Al-Naimi: The legendary oil minister may retire soon

Al-Naimi's succession challenge Subscription

30 April 2015 | By

Assistant oil minister and son of King Salman are now favourites to replace Saudi Arabia’s veteran oil minister

Divided Zone: Some analysts believe the Saudi Arabia-Kuwait dispute could degenerate into more serious problems

Trouble in the Divided Zone Subscription

28 April 2015 | By

Oil production in the zone is expected to halt as Saudi Arabia and Kuwait fail to find common ground

Abu Dhabi strengthens ties with Asian oil customers

Abu Dhabi strengthens ties with Asian oil customers Subscription

28 April 2015 | By

Onshore stake for Japan’s Inpex a sign of growing Asian influence in emirate’s upstream sector

Refinery

Jizan enters next phase Subscription

23 April 2015 | By

Construction of refinery and power plant will offer up some serious challenges for Saudi Aramco

Filter all oil & gas analysis by country

MEED comment

Wil Crisp

A glimmer of hope for Libya’s projects market Subscription

26 May 2015 | By

Bahr Essalam contract awarded to OneSubsea

Pipeline

Divided Zone dispute likely to be costly for Kuwait Subscription

19 May 2015 | By

Dispute with Saudi Arabia has caused reputational damage

Aramco strategy needs to factor in cheap oil

Aramco strategy needs to factor in cheap oil Subscription

14 May 2015 | By

Reports that US shale oil is dead are completely wrong

Oil Minister Ali al-Naimi is still very much an active and vital component of the kingdom’s energy sector, but it is likely the legendary executive will retire within the next 12 months

Creating a giant ministry Subscription

12 May 2015 | By

A new ‘super ministry’ in Saudi Arabia would give the king’s sons a huge power base

QP's risky Al-Shaheen strategy

QP's risky Al-Shaheen strategy Subscription

12 May 2015 | By

Re-tendering concession for technically challenging oil field is mystifying

Iraqi oil ambitions checked

Iraqi oil ambitions checked Subscription

12 May 2015 | By

Oil Ministry must cut capital expenditure and focus on key export infrastructure

South Korean firms now have experience on some of the largest hydrocarbons projects that have ever been built

South Koreans will be back Subscription

12 May 2015 | By

The Asian contractors will return when the region’s oil and gas projects market picks up

Rig

Aramco rewards investors in the region Subscription

11 May 2015 | By

McDermott has made a big commitment that is paying off

See all MEED commentary

Special reports

Low oil prices curb contract awards

Oil & Gas: MEED's EPC contractor survey

11 May 2015

Low oil prices curb contract awards

Refinery

Oil & Gas: Times are changing for the region’s refiners Subscription

16 February 2015

Refining companies may have to rethink their refining investment strategies to overcome the uncertainty of low oil prices

Opec secretary-general Abdullah al-Badri

Opec sets the tone for 2015

15 December 2014 | By

Regional producers are not about to cut oil production and the assumptions that have underpinned forecasting in recent years have to be revisited

Qatar energy

Qatar Energy 2014 Subscription

9 November 2014 | By

Qatar Petroleum looks likely to uphold its moratorium on gas production when it comes under review in 2015

Oil and gas

Oil & Gas: GCC steps up spending on research Subscription

30 October 2014

New technologies changing the realities of research and development

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 South Pars Gas Field Development: Phases 20 & 21 Iran 9,000
2 South Pars Gas Field Development: Phases 17 & 18: Offshore Iran 7,000
3 Karbala New Refinery Iraq 6,040
4 West Ethylene Pipeline Iran 5,501
5 South Pars Gas Field Development: Phases 19 : Offshore Iran 4,800
5 South Pars Gas Field Development: Phases 19 : Onshore Iran 4,800
7 Kish Gas Development (Phases 2 & 3) Iran 4,500
8 Ratqa LFHO: Production Facilities/Support Complex/Tank Farm (Phase I) Kuwait 4,000
9 Upper Zakum Full Field: Early Production Facility: Offshore: EPC 2 UAE 3,790
10 Clean Fuels Project 2020: MAB - Package 1 Kuwait 3,700
Click through to the full data table on the biggest oil & gas projects in execution
Click through to MEED's Q1 2015 Top 100 Projects report
Source: MEED Projects; Data compiled: May 2015

Projects trends

Gulf projects index

Impact of GCC slowdown takes hold Subscription

12 May 2015

Bahrain makes the biggest gain, while Saudi Arabia’s market continues to fall

Gulf projects index

Saudi Arabia leads Gulf index rise Subscription

27 April 2015

Kingdom recovers lost ground on projects value, while most other markets struggle

Gulf projects index

Gulf index stalls on Saudi Arabia decline Subscription

23 March 2015

Kingdom cancels out gains made by Bahrain and Qatar

See all Gulf Projects Index articles

Companies

Abu Dhabi Company for Onshore Petroleum Operations Subscription

Abu Dhabi Company for Onshore Petroleum Operations (Adco) is a subsidiary of Abu Dhabi National Oil Company (Adnoc)

Al Hosn Gas logo

Al Hosn Gas Subscription

Abu Dhabi Gas Development Company (Al-Hosn Gas) established 1 February 2010 in Abu Dhabi, UAE is part of the Adnoc group of companies.

See all oil & gas company profiles

People

Abdulrahman al-Suwaidi

22 February 2015

Abdulrahman al-Suwaidi is chief executive officer (CEO), Oryx GTL

Marla Valdez Subscription

28 January 2015

Marla Valdez is partner, Energy Middle East and Africa at Dentons

Andrew Ward Subscription

28 January 2015

Andrew Ward is managing partner at Dentons Abu Dhabi

Andrew Figgins Subscription

28 January 2015

Andrew Figgins is managing associate at Dentons Muscat in Oman

Mohammad Ghazi al-Mutairi Subscription

22 January 2015

Mohammad Ghazi al-Mutairi is CEO, Kuwait National Petroleum Company

Mazen Alami Subscription

27 July 2014

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

See all oil & gas biographies

Latest Brent price


Source: oil-price.net

Latest gas price


Source: oil-price.net

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


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MEED events

Kuwait Projects 2014

Kuwait Projects 2015

23 - 25 November 2015 | Exploring project opportunities in the Kuwait Market

See the MEED events calendar

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