Oil & Gas
Middle East oil & gas news and analysis, tenders, contracts awarded, commentary and economic data.
News
Westerngeco wins Kuwait survey contract
Kuwait deal worth $184m for onshore seismic survey
KJO set to award contracts to McDermott and Daewoo
Contractors to be awarded offshore and onshore packages for Neutral Zone upgrade work
Saudi Arabia's gas feedstock price to remain low in 2012
Saudi Arabian petrochemicals producers to enjoy $0.75 gas prices for another 12 months
Daewoo wins Kuwait crude tanker deals
Two of three shipbuilding contracts won by South Korean firm
Libya resumes production at El-Naga field
Field operated by Harouge Oil Operations
Total in talks with South Sudan
French oil major in talks for exploration rights in newly formed state
Comment
Riyadh supports heavy industry
Saudi Arabia’s decision to freeze its gas prices will support the kingdom’s industrial diversification
Analysis
Rewarding commitment to quality
On 21 May 2012, Abu Dhabi will host MEED’s Quality Awards for Projects 2012, recognising best practice in project delivery in a variety of sectors. Entry for the awards is now open
Irbil’s challenge to federal Iraq
The centralisation of oil contracts by Baghdad is being tested by ExxonMobil’s decision to deal with Irbil
Oman tackles its energy crisis
With dwindling oil reserves, the $15bn Khazzan development is leading the drive for gas
Libya oil production increasing at pace
Total national output should hit 500,000 barrels a day by year-end with relative ease
More than just an oil company
State oil firms are increasingly being used to capitalise on their good reputation to develop non-oil projects
Company Profiles
Khatam al-Anbia Construction Base
Sanctions have benefited the growth of the Revolutionary Guards subsidiary
Oil & gas Contacts
Khalid al-Faleh
Khalid al-Faleh is chief executive officer (CEO) and president, Saudi Aramco
Casey Choi
Casey Choi is president, SK Engineering & Construction (SK E&C)
Pietro Franco Tali
Pietro Franco Tali is CEO, Saipem
Hong-Pyo Kong
Hong-Pyo Kong is chief marketing officer, Samsung Engineering
Thom Orr
Thom Orr is vice-president of business development, Jacobs Engineering
Pierre Duhaime
Pierre Duhaime is president and CEO, SNC-Lavalin Group
Data
Oil and gas data
A look at oil and gas data from 1965 to 2011
Press Releases
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ABB wins $250m power orders in Saudi Arabia to expand grid capacity
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Final count down to Power-Gen Middle East and WaterWorld Middle East 2012
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Emerson Process Management signs MoU with Petroleum Institute of Abu Dhabi
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Delegation from Ghana Oil discusses cooperation with Emarat
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Dubai Electricity and Water Authority makes progress on Al Mamzar Substation
Supplement
Pearl GTL sets the standard for region
Time and again over the past decade, Qatar has shown through a series of pioneering, world-scale projects its ambition and determination to establish itself as, not just a regional, but also an international leader
MEED Blogs
IEA cuts oil demand forecast for 2012
The Paris-based International Energy Agency (IEA) released its monthly oil market report on 18 January, reducing its 2012 global oil demand forecast, on the back of weak consumption at the end of 2011 and warns it may cut its estimates again.
Special Reports
Oil & Gas: Gulf refiners buy overseas assets
The days when the Gulf was content to rely on crude exports to fill state coffers are long gone
Tenders
Proven Oil Reserves
| Country | oil (billion barrels) | % of world total |
| Algeria | 12.2 | 0.9 |
| Bahrain | 0.6 | 0 |
| Egypt | 4.4 | 0.3 |
| Iran | 137.6 | 10.3 |
| Iraq | 115 | 8.6 |
| Kuwait | 101.5 | 7.6 |
| Libya | 44.3 | 3.3 |
| Oman | 5.6 | 0.4 |
| Qatar | 26.8 | 2 |
| Saudi Arabia | 264.6 | 19.8 |
| Sudan | 6.7 | 0.5 |
| Syria | 2.5 | 0.2 |
| Tunisia | 0.6 | 0 |
| UAE | 97.8 | 7.3 |
| Yemen | 2.7 | 0.2 |
| b/d=barrels per day. Source: BP Statistical Review of World Energy. Proven reserves at the end of 2009. | ||
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