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Oil & Gas

Oil & Gas market news

Kuwait could prepone 2020 production target

Kuwait could bring forward 2020 production target Subscription

22 December 2014 | By

Lower output from Divided Zone sparks plan to accelerate oil production growth

Engineers hard at work to reopen Baiji refinery

Engineers hard at work to reopen Baiji refinery Subscription

22 December 2014 | By

Iraq’s biggest refinery was taken back from Isis in November

Fall in shale output to drive oil rebound

Fall in shale output to drive oil rebound Subscription

22 December 2014 | By

Abu Dhabi Commercial Bank chief economist says average price in dollars per barrel to be in the low 80s over 2015

UAE says shale producers should limit output

UAE says shale firms should limit output Subscription

22 December 2014 | By

Energy minister calls for non-Opec nations to restrict growth in hydrocarbons production

Oil and gas investment

Qatar warns of weaker investment environment Subscription

21 December 2014 | By

Oil minister says oil and gas projects may see less investment due to lower oil prices

Oil industry

Qatar says oil market may enter a new era Subscription

21 December 2014 | By

Oil minister says producers who cannot cope with lower prices may have to ‘step down’

Riyadh denies using oil as a weapon

Riyadh denies using oil as a weapon Subscription

21 December 2014 | By

Saudi energy minister says oil prices will recover

Kuwait City

Kuwait and non-Opec states tackle oil prices Subscription

21 December 2014 | By

Oil minister speaks at Organisation of Arab Petroleum Exporting Countries conference

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New projects

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

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

Project bids

Liquefied natural gas tanker

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

Al-Zour refinery project faces another delay

Al-Zour refinery project faces another delay Subscription

4 December 2014 | By

Bid deadline extended for package five

West Qurna 2 oil field in Iraq

Lukoil tenders Mishrif master engineering services Subscription

3 December 2014 | By

Companies asked to bid for West Qurna 2 oil field contract in Iraq by 30 December

Oil fires in Kuwait set by retreating Iraqi troops during the First Gulf War have had a devastating effect on Kuwait's deserts

Kuwait to issue remediation technology tender in June Subscription

25 November 2014 | By

Companies will be invited to demonstrate innovative ways of cleaning Kuwait’s deserts since the oil fires of the first Gulf War

Kuwait reveals timeline for Lower Fars heavy oil project

Kuwait reveals timeline for Lower Fars heavy oil project Subscription

25 November 2014 | By Wil Crisp

State-owned upstream operator says contract will be awarded in December

UAE oil and gas fields

Abu Dhabi invites bids on Bab Integrated Facilities Subscription

24 November 2014 | By

Deadline extended to first quarter 2015 for onshore oil field project

Project awards

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

Petrojet wins $143m in Iraq gas contracts

Petrojet wins $143m in Iraq gas contracts Subscription

14 December 2014 | By

Egyptian group to build gas pipeline and undertake work on separation plant

Petrochemicals plant

Tebodin wins UAE oil and chemical design deals Subscription

10 December 2014 | By

Projects include carbon dioxide recovery for Abu Dhabi Gas Industries

Oman onshore oil block

Indonesian group wins Oman onshore oil block Subscription

27 November 2014 | By

MedcoEnergi to carry out six-year exploration programme in south of Oman

Bam International has been awarded a contract to build marine infrastructure works for the third-phase expansion of the Al-Dabbiya oil field in Abu Dhabi

Bam wins $88m deal on Al-Dabbiya marine works Subscription

20 November 2014 | By

Dutch company to carry out work on shallow-water oil field development in Abu Dhabi

Updates

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

Abu Dhabi is now commissioning its $11bn Shah sour gas development

Shah sour gas project enters commissioning phase Subscription

11 November 2014 | By

Abu Dhabi also expecting to complete Integrated Gas Development expansion in 2019

Gas processing

Saudi Aramco to increase Fadhili gas plant capacity Subscription

5 November 2014 | By

Eastern Province gas plant will now process 2.5 billion standard cubic feet a day

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

Financing

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 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

Oil & gas trends

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

oil

Impact of falling oil prices on Oman Subscription

17 December 2014

With smaller oil reserves and a much higher budget breakeven oil price, Oman is more vulnerable to low crude prices than the four biggest GCC economies, but stands in a far stronger position than Bahrain

oil

Impact of falling oil prices on Kuwait Subscription

17 December 2014

Kuwait’s low budget breakeven price of $52.3 a barrel and its hefty sovereign wealth fund makes it the best prepared out of any Gulf nation to face a prolonged period of depressed oil prices, according to Moody’s Investors Service

oil

Impact of falling oil prices in Bahrain Subscription

17 December 2014

With its precarious public finances and restive Shia majority, out of all the GCC nations Bahrain is the most vulnerable to persistently low oil prices

Oil, gas and chemical awards in the GCC

GCC oil and gas spending hits four-year high in 2014 Subscription

15 December 2014 | By

Kuwait leads spending as Saudi Arabia has weakest year for contracts since 2004

Cloud computing

Interview: Richard Longdon, CEO, Aveva Solutions Subscription

14 December 2014 | By

Cloud computing is the future for oil and gas, but customers have to adapt their mindset, says Aveva CEO Richard Longdon.

Refinery

A new era for contracting Subscription

11 December 2014 | By

The recent price dispute at Aramco’s Jizan project suggests a new period of less aggressive bidding is around the corner

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MEED comment

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

Gas

Cancellation of South Stream bodes well for Galsi

17 December 2014 | By

Decision on the Italy-Algeria pipeline expected in May

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

Renewable energy

Low oil price puzzle for regional utilities

11 December 2014 | By

Sharp drop in prices has created uncertainty heading into 2015

Offshore oil rig

Choosing the right model

11 December 2014 | By

International contractors are still willing to take all the risks

Budget cuts new cabinet's first priority in Bahrain

Budget cuts new cabinet's first priority in Bahrain

4 December 2014 | By

Lower oil prices mean social spending is unsustainable

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

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

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

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

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

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

Iran: Snubbing units Subscription

17 December 2014 | By

Provision and operation of snubbing units

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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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