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Oil & Gas

Oil & Gas market news

Opec oil output surges

Opec output surges Subscription

16 April 2015 | By

Group pumped 30.79 million barrels a day in March

Yemen conflict

Kuwait oil institutions remain on alert Subscription

16 April 2015 | By

Higher security is a response to the conflict in Yemen

Oil

IMF cuts growth forecasts for Middle East oil producers Subscription

15 April 2015 | By

Lower oil prices dampens economic outlook

Petcoke

Saudi Arabia refinery makes first petcoke shipment Subscription

13 April 2015 | By

Yasref complex in Yanbu continues to ramp up production to full capacity

Canadian energy company Calvalley Petroleum is to liquidate after deciding to exit Yemen

Calvalley to close after Yemen exit Subscription

13 April 2015 | By

Canadian company had attempted to diversify business portfolio outside of Yemen

Bahri signs shipping deal with S-Oil

Bahri signs shipping deal with S-Oil Subscription

13 April 2015 | By

Saudi company agrees to 10-year deal

The UN has condemned escalating hostilities in western Libya after days of intermittent battles have destroyed parts of towns

UN condemns escalating hostilities in Libya Subscription

12 April 2015 | By

Mission releases statement telling factions to safeguard national institutions

Global oil balance

Saudi Arabia prepared to cut oil production Subscription

9 April 2015 | By

Oil minister states Riyadh would abide by any “fair and credible” mechanism that could be applied to all major producers

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New projects

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

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

Project bids

Oil well

Petrofac bids low on Kuwait manifold project Subscription

16 April 2015 | By

UK-based firm submits price of $776m

Pipeline

Kuwait manifold bid deadline extended Subscription

16 April 2015 | By

Contractors are told they have until 21 April to submit prices

Refinery

Kuwait to retender Al-Zour tankage package Subscription

16 April 2015 | By

State downstream operator believes contractors could not justify high prices

Gas

Companies prequalify for Algeria gas project Subscription

15 April 2015 | By

Field development project is estimated to be worth $2bn

Compressor station

Aramco extends compressor scheme Subscription

13 April 2015 | By

Oil major extends bidding for gas contract

Pipeline

Bidders on New Refinery pipeline renew bonds Subscription

13 April 2015 | By

Contractors voice concerns about possible retendering

Refinery

No quick decision on Al-Zour retender Subscription

30 March 2015 | By

Senior official says he does not expect early verdict on refinery’s future

Saudi gas consumption

Aramco extends Fadhili tender deadline Subscription

30 March 2015 | By

Gas project in Eastern Province will have more time to formulate bids

Project awards

Zirku Island

Abu Dhabi appoints project manager for Zirku Island Subscription

2 April 2015 | By

US-firm appointed as project manager for island project in Abu Dhabi

Oil refinery

Mina al-Ahmadi gas contract to be awarded Subscription

31 March 2015 | By

Kuwait decides on refinery’s fifth gas fractionation train

Gas turbine plant

GE wins long-term gas services contract Subscription

29 March 2015 | By

US group to provide maintenance at UAE gas group’s Das Island facilities

Refinery

UK firm awarded Oman services contract Subscription

26 March 2015 | By

Engineering group to provide technical services to refineries and petrochemicals plants

Rig

Aramco awards engineering contract Subscription

16 March 2015 | By

Three companies selected for six-year Maintain Potential Programme scheme

Offshore platform

Qatar Petroleum awards McDermott offshore contract Subscription

9 March 2015 | By

US contractor to install offshore structures at the North Field in 2016

Oil refinery

Kuwait signs energy deals with South Korea Subscription

3 March 2015 | By

Officials discuss increased oil and gas cooperation

The offtake will be sold in-kingdom to steel, aluminium and titanium oxide producers

Hanwha wins $350m Saudi project Subscription

24 February 2015 | By

South Korean contractor to build calcined petroleum coke plant

Updates

Refinery

Fourth gas train yet to reach target production Subscription

16 April 2015 | By

Kuwaiti official says the unit at Mina al-Ahmadi is not yet fully operational

PDO production 2014

PDO raises production target Subscription

14 April 2015 | By

Oman’s top producer showing few signs of slowdown amid lower oil prices

Refinery

Bapco undergoes maintenance shut-down Subscription

13 April 2015 | By

Programme will not impact on local or international commitments

Qatar oil and gas contracts

Qatar upstream projects in jeopardy Subscription

31 March 2015 | By

Two major schemes could be scuppered by lower oil prices

Petchems

Al-Zour study time frame outlined Subscription

30 March 2015 | By

Plans for petrochemical integration are in the prefeasibility phase

Onshore oil drilling

Gulf Keystone restarts Shaikan oil production Subscription

22 March 2015 | By

UK-listed group receives pre-payments for exports from Iraqi Kurdistan

Wintershall restarts Libyan onshore oil production

Wintershall restarts Libyan onshore oil production Subscription

22 March 2015 | By

Fields producing 30,000 barrels a day

Aramco refining capacity

Saudi Aramco to close Jeddah refinery in 2016 Subscription

18 March 2015 | By

Complex to be completely decomissioned after 49 years of service

Financing

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

Egypt petrochemicals

Progress on $2.1bn Asyut Hydrocracker Subscription

15 March 2015 | By

Pharos Investment Banking says it is in talks with banks, investors, and contractors

Egypt attracts almost $100bn of investment deals

Egypt attracts $130bn of investment deals Subscription

15 March 2015 | By

Country seeks finance to rebuild infrastructure and kick-start economy

Doha in Qatar

Qatar to maintain 2030 project spending drive

10 March 2015 | By

Qatar National Bank chief executive says government spending non-oil sector projects will be driver of growth

Refinery

Kuwait discusses Al-Zour refinery package Subscription

11 February 2015 | By

Contractors invited to meeting on price discrepancy on Al-Zour New Refinery Project marine package

Shale gas drilling rig on a field

Aramco to ramp up shale gas spending Subscription

2 February 2015 | By

CEO says investment in non-conventional resources will rise to $7bn

Oil & gas trends

Estimated Hydrocarbons production of top three producers

US remained world’s top oil and gas producer in 2014 Subscription

9 April 2015 | By

America is also top petroleum liquids producer after overtaking Saudi Arabia in 2013

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

US oil production

The impact of US shale oil on the Middle East Subscription

6 April 2015 | By

Cheaper production could spell disaster for many of the region’s conventional oil fields

Fujairah oil storage capacity

Fujairah oil storage continues rapid expansion Subscription

30 March 2015 | By

Capacity demand rises as traders hold stocks while crude prices stay low

Al-Maktoum International location

Boom in Egypt oil and gas project awards expected Subscription

23 March 2015 | By

Contracts worth $37.2bn expected to be signed before the end of 2018

Average breakeven prices for non-producing assets, 2020

Saudi Arabia may use swing capacity to drive volatility Subscription

18 March 2015 | By

Higher volatility will prevent smaller producers entering the market, say analysts

Egypt attracts almost $100bn of investment deals

Egypt attracts $130bn of investment deals Subscription

15 March 2015 | By

Country seeks finance to rebuild infrastructure and kick-start economy

Jubail cover

Sadara Chemical is Jubail’s game changer Video Subscription

10 March 2015 | By ,

The imminent opening of the Sadara chemicals project signals the start of a new era of growth for the city

Filter all oil & gas analysis by country

MEED comment

No sign of slowdown in Oman oil investment

No slowdown in Oman oil investment

14 April 2015 | By

Oil production still profitable, but sustaining national budget is a concern amid lower crude prices

Doha in Qatar

Optimism for Qatar amid uncertainty

7 April 2015 | By

Steady growth forecast for Qatar’s economy

Refinery

Kuwait’s Al-Zour refinery negotiations at a critical juncture Subscription

31 March 2015 | By Wil Crisp

KNPC to decide on possible re-tender

Gas field

Qatar’s oil dilemma Subscription

31 March 2015 | By

It’s LNG and not oil that is Doha’s core business and it should be concentrating its efforts there

Kevin Baxter

South Korea builds closer GCC ties Subscription

30 March 2015 | By

Seoul wants to export more to the region

Kevin Baxter

Aramco programme looks to the future Subscription

29 March 2015 | By

Oil major ties up long-term engineering contract and calls time on ageing refinery

Wil Crisp

Kuwait could re-tender Al-Zour refinery Subscription

26 March 2015 | By

Refinery negotiations reach critical point as state oil firm holds talks with contractors

Aramco calls time on Jeddah refinery

Aramco calls time on Jeddah refinery Subscription

17 March 2015 | By

Decommissioning the aged facility seems to be the right way to go, given the new refineries coming online in the kingdom

See all MEED commentary

Special reports

Refinery

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

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

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

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

Gulf index stalls on Saudi Arabia decline Subscription

23 March 2015

Kingdom cancels out gains made by Bahrain and Qatar

Gulf projects index

Kuwait five-year plan boosts index Subscription

3 March 2015

Six per cent rise in Kuwait market contributes to Gulf Projects Index growth

Gulf projects index

Iran drags down Gulf index Subscription

27 January 2015

Losses in UAE, Iraq and Iran wipe 0.5 per cent off regional projects index

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

Tenders

Iraq: Instrument supply Subscription

13 April 2015

The supply of instrument and meters for the oil industry

See all oil & gas tenders


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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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