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Oil & Gas

Oil & Gas market news

Algeria’s oil and gas projects market is likely to gain momentum over the next five years as new capital schemes are announced, according to Dodsal

Dodsal confident in Algeria's energy plans Subscription

25 January 2015 | By

Executive says increase in field development projects is expected

Erbil, capital of the Kurdistan region of northern Iraq

Kurds to receive full share of Baghdad budget Subscription

21 January 2015 | By

Oil exports deal smooths relations between Iraq and northern Kurdish exclave

Libya oil

Libyan Opec official goes missing Subscription

21 January 2015 | By

Samir Salem Kamal was last seen in Tripoli

Crude production

Iraq reports record crude production Subscription

20 January 2015 | By

Oil Ministry says output has reached milestone of 4 million barrels day in December

Kuwait oil refinery

Fire breaks out at Shuaiba refinery Subscription

18 January 2015 | By

No causalities and limited damage says state news agency

A bomb attack on the Algerian embassy in Libya’s capital, Tripoli, on 17 January wounded two guards, projected debris over a wide area and damaged nearby parked cars

EU mulls Libya oil embargo Subscription

18 January 2015 | By

International community looks to consolidate progress made in peace talks

Kuwait parliament told oil prices at unexpected levels

Al-Omair says oil prices at unexpected levels Subscription

15 January 2015 | By

Kuwait oil minister says country is not participating in price war

Iraq to double Kirkuk crude exports

Iraq to double Kirkuk crude exports Subscription

15 January 2015 | By

Northern Iraq oil sales boosted following deal between Baghdad and Erbil governments

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New projects

Pipeline

Saudi Aramco releases gas pipeline tenders Subscription

19 January 2015 | By

Four packages being offered to contractors with an estimated combined budget of over $1.5bn

Oil and gas industry

Egypt announces six oil and gas deals Subscription

11 January 2015 | By

Exploration contracts worth millions of dollars signed

Gathering centre

Design complete for Gathering Centre 32 in southeast Kuwait Subscription

7 December 2014 | By

Tender due to be issued after Kuwait Oil Company approval

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

Project bids

Fujairah refinery bids set for March

Fujairah refinery bids set for March Subscription

22 January 2015 | By

Contractors given deadline for main package of new refinery project

oil

Petrochina tenders field surface facilities Subscription

22 January 2015 | By

Chinese group also invites bids for power plant expansion management and new road bridge

Pipeline construction

Kuwait delays Al-Zour pipeline contract award Subscription

21 January 2015 | By

Contractors asked to extend bid bond until the end of March

Refinery

Still no awards decision on Bazian refinery Subscription

11 January 2015 | By

Qaiwan Group still assessing proposals for Bazian refinery expansion and pipeline in Kurdistan region of northern Iraq

Refinery

Hyundai E&C bids low for New Refinery package Subscription

8 January 2015 | By

Consortium comprising Hyundai Engineering & Construction, Saipem and Essar submits low bid of $1.55bn

Bahrain gas production

Bids in for Bahrain gas terminal Subscription

21 December 2014 | By

Russia’s Gazprom has offered to supply natural gas

Refinery

Saipem and Essar bid low on Al-Zour Refinery package four Subscription

9 December 2014 | By

Consortium submits a price of $1.4bn

Kuwait delays Lower Fars contract award

Kuwait delays Lower Fars contract award Subscription

7 December 2014 | By

Kuwait Oil Company says winning firm will not be announced this year

Project awards

Rig

Eni awarded Egyptian oil and gas concessions Subscription

18 January 2015 | By

Italian oil and gas company signs agreement for the offshore North Leil and Karawan blocks 

Tebodin wins Abu Dhabi gas lift contract

Tebodin wins Abu Dhabi gas lift contract Subscription

12 January 2015 | By

Dutch group wins subcontract from Galfar Engineering to add gas lifts at 30 additional oil wells

Abu Dhabi prepares to award Bab sour gas design and management deals

Abu Dhabi prepares to award Bab sour gas deals Subscription

12 January 2015 | By

Early study on estimated $10bn gas field development awarded to US engineering group Fluor

Kuwait awards $4.3bn deal to Petrofac

Kuwait awards $4.3bn deal to Petrofac Subscription

11 January 2015 | By

UK firm wins Lower Fars heavy oil development project contract

GPS consortium wins Oman oil pipeline deal

GPS consortium wins Oman oil pipeline deal Subscription

18 December 2014 | By

Work involves building refined products pipeline linking Muscat and Sohar

Building works

Al-Jaber wins $125m Upper Zakum contract Subscription

16 December 2014 | By

UAE contractor to carry out civil works on artificial islands at Abu Dhabi offshore oil field

Iraq energy EPC awards

Iraq awards design deal on critical seawater supply project Subscription

16 December 2014 | By

Austria’s ILF Consulting Engineers wins contract on two 150km pipelines

Tecnimont wins $2.3bn Al-Dabbiya field deal

Tecnimont wins $2.3bn Al-Dabbiya field deal Subscription

15 December 2014 | By

Italian firm to carry out third-phase expansion of surface facilities at Abu Dhabi field

Updates

Onshore gas drilling

Oman starts tight gas production at $1bn Abu Tabul project Subscription

20 January 2015 | By

OOCEP expects to hit production target by end of 2015

Refining industry

Low oil price could halt Bapco refinery expansion Subscription

20 January 2015 | By

CEO says investment decision will be made in 2016

Aramco slows down Khurais expansion

Aramco slows down Khurais expansion Subscription

13 January 2015 | By

Oil major in talks with Saipem regarding cost-effective way to extend construction phase

Gas processing plant

Aramco tenders $5bn Fadhili gas plant Subscription

4 January 2015 | By

Oil major Saudi Aramco still firmly committed to ramping up gas output, despite lower crude prices

Saudi oil and gas awards

Ras Tanura upgrade shelved for 12 months Subscription

4 January 2015 | By

Saudi Aramco’s refinery rehabilitation put on hold for a year as firm prioritises upstream oil and gas schemes

Oil gathering centre

Much at stake in the Divided Zone

4 December 2014 | By

Concerns increase as the land dispute between Kuwait and Saudi Arabia derails another project

Aramco to terminate SK E&C from Jizan refinery project

Aramco to terminate SK E&C from Jizan refinery Subscription

23 November 2014 | By

South Korean contractor to go after failing to agree budget increase at $7bn-plus project in Saudi Arabia

Refinery under construction

Aramco sees Jizan refinery costs soar by $2bn Subscription

20 November 2014 | By

Contractors claiming more funds due to delays and scope changes in huge refinery scheme

Financing

WTI crude futures price

Oil price slump delays refinery financing Subscription

9 January 2015 | By

Talks with lenders over Fujairah refinery financing were due to take place last year

Gasli pipeline route

Investment decision on Algeria’s Galsi pipeline postponed Subscription

16 December 2014 | By

$3bn project delayed as shareholders wait for final government approvals

Gas

Dana Gas to invest $350m in developing Egyptian gas Subscription

27 November 2014 | By ,

UAE company owed $160m in overdue receivables

Refinery under construction

Aramco sees Jizan refinery costs soar by $2bn Subscription

20 November 2014 | By

Contractors claiming more funds due to delays and scope changes in huge refinery scheme

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 & gas trends

Ship: The Atwood Achiever began drilling in December

Drilling reignites territorial dispute Subscription

20 January 2015 | By

Oil exploration activity in the Western Sahara could bring renewed violence to the North African disputed territory, with a billion barrels of oil potentially at stake

Samir Brikho, CEO, Amec Foster Wheeler

Amec Foster Wheeler sets sights on Saudi Arabia Subscription

20 January 2015 | By

CEO of the newly formed company, Samir Brikho speaks to MEED

Average LNG import prices to Japan

GCC LNG exporters hit as prices plummet Subscription

14 January 2015 | By

Lower Asia demand growth and tumbling crude price signal weak liquefied natural gas market in 2015

Middle East contract awards December 2014

Middle East contracts awarded: December 2014 Video Subscription

7 January 2015

Over $6bn of contracts awarded in December in the Middle East

Kuwait oil and gas contract awards

Record oil and gas contract awards expected in Kuwait Subscription

6 January 2015 | By

Project contracts worth $21.5bn due to be awarded over 2015

Oil

Impact of falling oil prices on the UAE Subscription

17 December 2014

Like Kuwait and Qatar, the UAE is well prepared to deal with a period of low oil prices. It has substantial fiscal reserves, a relatively low breakeven price, and the strongest non-oil economy in the region

oil

Impact of falling oil prices on Saudi Arabia Subscription

17 December 2014

Saudi Arabia is likely to record a deficit next year, but its sizeable reserves mean that there will be little anxiety in Riyadh

oil

Impact of falling oil prices on Qatar Subscription

17 December 2014

Qatar has made it clear it is planning to sustain a high level of spending over the course of 2015

Filter all oil & gas analysis by country

MEED comment

Saudi Arabia plays the long game

Saudi Arabia plays the long game

20 January 2015 | By

While there are worrying developments, reports on the demise of the kingdom’s oil sector are wildly exaggerated

gas flare

UAE gas crunch continues

20 January 2015 | By

Measures taken to curb energy consumption

Saudi Aramco's Khurais oil field in Saudi Arabia

Masters of the new world energy order

18 January 2015 | By

The GCC, the worlds’ biggest energy exporter, and the US, the world’s largest energy consumer are emerging as leaders in a new world energy order

UN needs to consider its options as Morocco drills in Western Sahara

UN needs to consider its options

13 January 2015 | By

Inaction over Morocco’s drilling in the Western Sahara may not be the best policy

Opec secretary-general Abdullah al-Badri

OPEC seeks purpose in the new world energy order Subscription

12 January 2015 | By

Founded in 1960, OPEC is the most successful commodity cartel in history, but it’s now facing an existential challenge.

Ras Tanura refinery in Saudi Arabia

Aramco still committed to long-term vision

6 January 2015 | By

Ras Tanura postponement should not be misconstrued as anything other than capital investment planning

With Opec production likely to stay constant for at least six months, US hydrocarbons production is now the major source of uncertainty for the oil market

Arab countries will not blink first on oil

22 December 2014 | By

Regional energy ministers take tough stance on output

Saudi Aramco's Khurais oil field in Saudi Arabia

Why GCC producers are happy to see oil fall

18 December 2014 | By

The GCC’s oil producers will be the biggest winners from the 2014 oil price crash

See all MEED commentary

Special reports

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

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

30 October 2014

New technologies changing the realities of research and development

Oil drilling

Oil & Gas: Enhanced recovery the future of upstream Subscription

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 Subscription

31 August 2014 | By

The end of the boom for the energy market

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 19 to 21 Iran 9,000
2 South Pars Gas Field Development: Phases 17 & 18: Offshore Iran 7,000
3 Karbala New Refinery Iran 6,040
4 West Ethylene Pipeline Iran 5,501
5 Clean Fuels Project 2020: Mina al-Ahmadi Package Kuwait 4,800
6 Clean Fuels Project 2020: Mina Abdulla: Package 1 Kuwait 3,800
7 Upper Zakum Full Field: Early Production Facility: Offshore: EPC 2 UAE 3,790
8 South Pars Gas Field Development: Phases 22 to 24 Iran 3,500
9 Clean Fuels Project 2020: Mina Abdulla: Package 2 Kuwait 3,400
10 Bandar Abbas Condensate Refinery Iran 2,500
10 South Pars Gas Development: Phase 13: Offshore Iran 2,500
10 South Pars Gas Development: Phase 14: Offshore Iran 2,500
10 South Pars Gas Field Development: Phases 17 & 18: Onshore Iran 2,500
10 South Pars Gas Development: Phase 14: Onshore Iran 2,500
10 South Pars Gas Development: Phase 13: Onshore Iran 2,500
Click through to the full data table on the biggest oil & gas projects in execution
Click through to MEED's Q3 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: November 2014

Projects trends

Gulf Projects Index

Iran records biggest decline in five years Subscription

6 January 2015

Islamic Republic sees $15.8bn wiped off projects market

Gulf projects index

Qatar and UAE buoy Gulf index Subscription

27 November 2014

All other Gulf countries except Oman record declines in value

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

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

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

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

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

Tenders

Qatar: Gas detection monitoring Subscription

23 January 2015 | By

Provision of gas detection monitoring services

See all oil & gas tenders

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MEED events

Bahrain

Bahrain Energy & Infrastructure Forum 2015

Showcasing updates on the $46.8 bn worth of projects planned until 2030

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