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Oil & Gas

Oil & Gas market news

Refinery

UK firm awarded Oman services contract Subscription

26 March 2015 | By

Engineering group to provide technical services to refineries and petrochemicals plants

Isis suspected of abductions

Two oil workers freed in Libya Subscription

26 March 2015 | By

Workers were employed by Value Added Oilfield Services

An armed man walks on the rubble of houses destroyed by an air strike near Sanaa airport on 26 March. Saudi Arabia and Gulf region allies have launched military operations including air strikes in Yemen

Saudi allies deploy warplanes against Yemen’s Houthis Subscription

26 March 2015 | By

UAE, Kuwait, Bahrain, Qatar and Jordan commit 76 fighter jets

Libyan oil

Libyan oil field project revived Subscription

25 March 2015 | By

Eni joint venture tenders nitrogen system overhaul

Oil storage

Ras Markaz terminal in final design stage Subscription

19 March 2015 | By

Oman expects to complete first phase of storage project by 2018

Mudadala Petroleum to explore off Morocco coast

Mubadala Petroleum to explore off Morocco coast Subscription

18 March 2015 | By

Abu Dhabi group to evaluate 3,433-square-kilometre Mediterranee Ouest area

Pipe yard

Lukoil tenders permanent pipe yard Subscription

18 March 2015 | By

Package is part of second-phase expansion of West Qurna-2 field in Iraq

Liquefied natural gas

LNG prices into northeast Asia drop 60 per cent over year Subscription

17 March 2015 | By

Platts says weaker-than-expected demand caused collapse in prices

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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 field

Abu Dhabi receives bids on Bab oil field scheme Subscription

23 March 2015 | By

Bab Integrated Facilities expansion valued at just under $2bn

Refinery

Commercial bids submitted for refinery Subscription

16 March 2015 | By

Contracts expected to be awarded in late Q2 or Q3 for Fujairah refinery

New Refinery Project bids $4.2bn over budget

New Refinery Project bids $4.2bn over budget Subscription

10 March 2015 | By

Price differences stoke concerns the project will be retendered by Kuwait

Refinery

Tecnicas Reunidas bids low on Kuwait gas train Subscription

9 March 2015 | By

Spanish contractor submits price of $1.45bn for Mina al-Ahmadi contract

Egypt and Kuwait to partner on downstream projects

Prices revealed for Kuwait’s Al-Zour Refinery Subscription

9 March 2015 | By

Consortiums led by Tecnicas Reunidas and Fluor bid low

Refinery

Contractors prepare for Kuwait refinery deadlines Subscription

4 March 2015 | By

Bid submission dates loom for the New Refinery Project and the Mina al-Ahmadi gas train

Refinery

Kuwait refinery bidders must justify their price Subscription

22 February 2015 | By

Central Tenders Committee questions the low-bidder on Al-Zour package five

Large steel pipes used for subsea oil and gas transport

Bahr Essalam contract due to be awarded before June Subscription

22 February 2015 | By

Bids being evaluated for Libyan project’s $450m subsea package

Project awards

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

Gas

NPCC and Tecnimont awarded gas packages Subscription

11 February 2015 | By

Contracts awarded on Abu Dhabi Integrated Gas Development Expansion total $1.57bn

Tecnicas Reunidas wins $700m Abu Dhabi gas deal

Tecnicas Reunidas wins $700m Abu Dhabi gas deal Subscription

5 February 2015 | By

Firm to build processing units and pipelines for Integrated Gas Development expansion

Fujairah port

MUC wins deal on Fujairah storage terminal Subscription

4 February 2015 | By

Contract awarded by Abu Dhabi’s Brooge Petroleum & Gas Investment Company

Oil pipelines

Kuwait awards a $30.5m contract Subscription

3 February 2015 | By

Contract to Mushrif Trading comes one week after winning a $12.2m Clean Fuels Project contract

Updates

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

Gas plant

Adgas plans maintenance shutdown Subscription

10 March 2015 | By

Abu Dhabi liquefied natural gas company to close two trains in March and April

Saudi Aramco's Khurais expansion

Aramco considers cancelling $3bn Khurais expansion Subscription

3 March 2015 | By

Decision on whether to proceed will be made in June after engineering is complete

petchems

Kuwait mulls Al-Zour petrochemical options Subscription

3 March 2015 | By

State-owned downstream operator is reviewing study findings

Pearl GTL

Pearl GTL enters planned maintenance phase Subscription

2 March 2015 | By

World’s largest gas-to-liquids plant will see capacity halved while work is carried out at Ras Laffan complex

Refinery

Kuwait refinery bidders must justify their price Subscription

22 February 2015 | By

Central Tenders Committee questions the low-bidder on Al-Zour package five

Financing

Egypt oil

BG signs $4bn gas deal with Egypt

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

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

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

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

Oil & gas trends

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

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

Iraq oil exports 2014-15

Iraq oil exports hit 12-month high Subscription

10 March 2015 | By

Erbil claims it is not receiving budget payments despite boosting northern volumes

Jubail

Saudi industrial city developments progressing Video Subscription

9 March 2015

The kingdom is spending $11bn to develop downstream, housing and education facilities in the Eastern Province

UAE oil and gas contract awards with oil prices

Counter-cyclical oil spending unlikely to return in Abu Dhabi Subscription

2 March 2015 | By

Boom in contract awards during 2009 recession-led oil slump will not be repeated

Gulf projects index

Middle East contracts awarded: February 2015 Video Subscription

1 March 2015

Over $8bn of contracts awarded in February in the Middle East

Refined products sales

Saudi refining plan hinges on curbing subsidies Subscription

1 March 2015 | By

Kingdom aims to become world’s second-largest exporter of refined products

Filter all oil & gas analysis by country

MEED comment

Wil Crisp

Kuwait could re-tender Al-Zour refinery

26 March 2015 | By

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

Refinery

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

26 March 2015 | By Wil Crisp

KNPC to decide on possible re-tender

Aramco calls time on Jeddah refinery

Aramco calls time on Jeddah refinery

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

Refinery

Kuwait's Al-Zour refinery in danger of stalling Subscription

11 March 2015 | By

Any new delays to the refinery project must be avoided

Saudi Arabia needs as much domestic gas as possible and this makes the Fadhili gas plant an essential scheme

Aramco’s commitment to gas Subscription

11 March 2015 | By

Fadhili plant essential for kingdom’s industrialisation plans

Kevin Baxter

Khurais field's future under threat Subscription

5 March 2015

Saudi Aramco will make decision when cost savings are established

Kevin Baxter

Aramco pushing ahead with Jizan refinery Subscription

5 March 2015

The $20bn investment is expected to drive growth in the remote area of Saudi Arabia

Refinery

Aramco’s selective spending Subscription

3 March 2015 | By

Oil major focusing on specific schemes is right strategy at this time

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

Egypt: Petroleum exploration and exploitation rights Subscription

27 March 2015 | By

Provision of petroleum concessions for the exploration and exploitation rights

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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