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Oil & Gas

Oil & Gas market news

Cairo, Egypt

BP denies deal to restart $10bn Egypt gas project Subscription

25 July 2014 | By

UK energy company says the West Nile Delta development remains on hold

Libya

Optimism increases over reopening of Libyan port Subscription

23 July 2014 | By , Hassan Morajea

Key stakeholders meet in effort to reopen the oil terminal of Brega after it was shut by protesters on 12 July

Onshore oil

ExxonMobil declines Abu Dhabi onshore bid Subscription

22 July 2014 | By

Abu Dhabi expected to make final decision on onshore oil fields in early 2015

Kuwait Oil Company awards $465m in rig contracts

Kuwait awards $465m in rig contracts Subscription

21 July 2014 | By

Sinopec and Kuwait Drilling Company win deals as country looks to ramp up oil production

Total pulls oil workers out of Libya Subscription

17 July 2014 | By

Oil and gas multinational says fighting at Tripoli airport has disrupted operations

Libyan oil output increases amid escalating fighting Subscription

16 July 2014 | By

Exports may be damaged by increasing unrest as heavy fighting causes extensive disruption

Circle Oil plans to drill at Oman concession Subscription

16 July 2014 | By

Irish company will drill one exploration well by the end of 2014

Iraqi Kurdistan refutes Dana Gas payments claims Subscription

16 July 2014 | By

Erbil says it does not have any outstanding payments to the UAE-based energy group

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New projects

Aramco starts Fadhili gas plant prequalification

Aramco starts Fadhili plant prequalification Subscription

23 July 2014 | By

Oil major plans to award three packages at estimated $3bn gas scheme by March 2015

UAE gas volumes

Abu Dhabi tenders integrated gas packages Subscription

22 July 2014 | By

State gas processor invites companies to submit bids on offshore and onshore pipelines

Kuwait to invite tenders for high-tech clean-up Subscription

16 July 2014

Companies can bid for contract to treat oil spills

Saudi Aramco to retender Ras Tanura in late 2014 or early 2015 Subscription

1 July 2014 | By

Front-end engineering and design being reconfigured to fit new scope of work for the Ras Tanura refinery clean fuels and aromatics project

Qatar to invest $11bn in developing offshore Bul Hanine oil field Subscription

19 May 2014 | By

State oil company to build new offshore production facilities to double capacity of asset

Egypt extends licence round bid deadline Subscription

4 May 2014 | By

Bids for oil and gas exploration deals for four regions in Egypt now expected for 3 July

Petronas tenders two new Iraq oil deals Subscription

28 April 2014 | By

Gas treatment plant and new central processing facility planned for Gharraf oil field in Iraq

Banagas considers third gas train at Bahrain complex Subscription

22 April 2014 | By

Bahrain Natural Gas Company carrying out feasibility study to expand current facilities

Project bids

Kuwait

Bid submission delayed for Kuwait gas project Subscription

23 July 2014 | By

New deadline set for companies looking to carry out gas unit overhaul at Al-Ahmadi refinery

Sonatrach signs $600m contract with Dodsal

Sonatrach signs $600m contract with Dodsal Subscription

23 July 2014 | By

Dubai-based engineering firm to build gas compression and reinjection facilities near Hassi Messaoud

Refinery

Saudi Aramco starts Ras Tanura prequalification Subscription

22 July 2014 | By

Revised expansion of Saudi Arabia’s largest oil refinery expected to retendered in third quarter

UAE gas volumes

Abu Dhabi tenders integrated gas packages Subscription

22 July 2014 | By

State gas processor invites companies to submit bids on offshore and onshore pipelines

Muscat, Oman

Oman tenders Muscat-Sohar pipeline Subscription

22 July 2014 | By

Proposed $200m infrastructure scheme to revamp sultanate’s refined products distribution

The planned water treatment and injection facility in Kuwait will include an effluent water treatment plant

Kuwait to award water injection deal soon Subscription

21 July 2014 | By

Disparity between bids and project’s budget blamed for delays

Gas flare

Kuwait invites bids for new gas facility Subscription

21 July 2014 | By

State oil company says gas sweetening plant is needed to meet production targets and reduce flaring

Oil rig

Maintenance management tender floated for Iraq oil field Subscription

21 July 2014 | By

Companies asked to submit bids by 10 August

Project awards

Gas pipes

Jacobs awards management deal on Khazzan gas project Subscription

23 July 2014 | By

Contract includes management services on $2bn-worth of pipelines and production facilities

CB&I wins $50m supply deal for Sohar refinery expansion

CB&I wins $50m deal for Sohar refinery expansion Subscription

23 July 2014 | By

US group to supply heaters and steam reformer for project in Oman

Sonatrach signs $600m contract with Dodsal

Sonatrach signs $600m contract with Dodsal Subscription

23 July 2014 | By

Dubai-based engineering firm to build gas compression and reinjection facilities near Hassi Messaoud

Muscat, Oman

Mace awarded consultancy contract by Oman state refiner Subscription

22 July 2014 | By

UK group to provide contract services to hundreds on contracts in sultanate’s downstream sector

Kuwait Oil Company awards $465m in rig contracts

Kuwait awards $465m in rig contracts Subscription

21 July 2014 | By

Sinopec and Kuwait Drilling Company win deals as country looks to ramp up oil production

Foster Wheeler awarded Libya upstream design deal Subscription

20 July 2014 | By

US engineering consultancy Foster Wheeler awarded contract as $800m Area 47 project is restarted after concerns about instability

NPCC awarded package one of Nasr field development Subscription

15 July 2014 | By

Local group considers remarkable run of contracts in Abu Dhabi offshore sector

Saudi Aramco awards Foster Wheeler tight gas contract Subscription

14 July 2014 | By

Engineering consultancy to provide design services for unconventional gas initiative in Saudi Arabia

Updates

Kuwait

Bid submission delayed for Kuwait gas project Subscription

23 July 2014 | By

New deadline set for companies looking to carry out gas unit overhaul at Al-Ahmadi refinery

UAE gas volumes

Abu Dhabi tenders integrated gas packages Subscription

22 July 2014 | By

State gas processor invites companies to submit bids on offshore and onshore pipelines

Woodside buys stake in Morocco’s Doukkala Basin Subscription

10 July 2014 | By

Australian oil explorer Woodside Petroleum acquires a 25 per cent stake from Chariot

Libya restarts El-Sharara oil field Subscription

9 July 2014 | By

National Oil Corporation says output will be ramped up

Shell to pull out of Saudi gas joint venture Subscription

9 July 2014 | By

International oil company to discontinue investment in Empty Quarter initiative

Sonatrach to start production at six gas fields Subscription

8 July 2014 | By

After years of delays all six fields will be operational by 2018

Nasiriyah integrated oil scheme bids indefinitely delayed Subscription

18 June 2014 | By

No timeline in place for upstream and refinery megaproject in the south of Iraq

Joint venture wins equipment contract at Qatar's Pearl GTL Subscription

15 June 2014 | By

Work will involve upgrading turbines and compressors

Financing

Algeria approves plan to boost oil and gas output

Algeria approves plan to boost oil and gas output Subscription

22 July 2014 | By

National energy company Sonatrach plans to spend $100bn over five years

MEED app iPad and iPhone

Download the MEED app today Subscription

30 June 2014 | By

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Download the MEED app today Subscription

25 June 2014 | By

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Orpic seeks $170m financing for pipeline project Subscription

21 May 2014 | By

Company also reviewing advisers for Liwa plastics scheme

Oil and gas EPC awards in Qatar

Spending to increase in Qatar’s oil sector Subscription

19 May 2014 | By

Bul Hanine and Idd e Shargi North Dome schemes to boost spending as gas moratorium remains in place

Orpic secures financing to support Sohar refinery project Subscription

5 May 2014 | By

Deal is one of the largest signed to-date in Oman

Carbon Holdings aims to complete Egypt cracker financing by year-end Subscription

25 March 2014 | By

Private company aims to raise about $1bn from market after completing deals with banks and strategic partners

Qatar’s Oryx GTL awaits North field decision Subscription

19 March 2014 | By

Moratorium on world’s largest non-associated gas field is key to expansion plans

Oil & gas trends

Yemen crude production

Unrest in Yemen to weigh on oil production Subscription

21 July 2014 | By

Increasing violence and shifting territories may force oil companies to cut investment

Rescue: Aramco took over the development of Jizan Economic City to prevent its failure

Saudi Aramco’s mission creep Subscription

17 July 2014 | By

The oil major’s influence is spreading as it proves itself to be a reliable client for Riyadh

UAE upstream

UAE upstream awards dominated by Petrofac and NPCC Subscription

16 July 2014 | By

Nasr award brings total National Petroleum Construction Company haul to $4.3bn since 2012

Limited potential: Development of Iran’s vast offshore South Pars gas field has been constrained by sanctions

Iran nuclear talks vital to regional gas crisis Subscription

26 June 2014 | By

Tehran’s ability to solve the Gulf’s gas shortages hinges on whether a long-term nuclear deal can be reached

Iraq

Iraq violence is about money not religion

25 June 2014 | By

The struggle for mastery of Iraq’s $20tn oil and gas reserves

Mena oil production 2013

Mena share of global oil production slips Subscription

24 June 2014 | By

Production drops in Libya, Iran and Syria as US output surges

Tunisia

Tunisia’s gas sector disappoints Subscription

24 June 2014 | By Richard Nield

Although a new deal signed on the Nawara field will help arrest the decline in Tunisia’s gas output, its other producing fields are still not performing to expectations

Oil offshore

Oil exporters put the brakes on spending Subscription

12 June 2014 | By Dominc Dudley

Oil exporters are starting to trim spending to keep budgets more in line with oil prices

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MEED comment

Drilling

Abu Dhabi moves on oil concession

24 July 2014 | By

Bids submitted for Adco onshore operations, but major contender ExxonMobil has left the race

Drilling

Shale gas faces a tight fight

17 July 2014 | By

As Saudi Aramco further invests in exploiting tight gas reserves, shale gas is being put on the back burner

Refinery

Case grows for subsidy cuts in Saudi Arabia

10 July 2014 | By

If fuel subsidies are curbed and domestic consumption slows down, Aramco can use the new capacity it is building for exports

Blockade

Libyan rebels end oil port blockade

3 July 2014 | By

Oil crisis seems to be at an end, but further disruption is likely and could see blockades return

Oil

Crude oil balance shifting to West

26 June 2014

The Middle East’s role as a global oil producer is diminishing as other countries increase their output

Iran

Geneva talks key to gas issue

26 June 2014

Whether Iran can solve the Gulf’s gas shortage depends on the outcome of the nuclear discussions scheduled to be completed on 20 July

Gasification

Aramco enjoys success at Jizan

12 June 2014

The firm has managed to trim $3bn off the Jizan plant’s tender prices, with construction now under way

Offshore oil

Saudi Aramco takes a breather

5 June 2014

Last year was comparatively quiet for the oil giant as it consolidated its position and made plans for the future

See all MEED commentary

Special reports

Oil and gas

Oil & Gas: Kuwait and Iraq lead EPC awards

5 June 2014

New markets will increasingly be driving EPC spending in the coming years

Iraq

Iraq: Factional friction poses threat to security Subscription

6 March 2014

At MEED’s Iraq Energy Projects conference held in Dubai in February, gas was high on the agenda

Oil

Oil & Gas: Middle East lifts refining capacity Subscription

6 February 2014

Both companies and governments are investing in new refineries

Cover

MEED Yearbook 2014: Infrastructure spending drives economic rebound Subscription

5 January 2014 | By

Energy efficiency moves to the fore

Illustration

GTL in Focus: Sasol and Shell explore new markets

3 December 2013 | Updated: 3 December 2013 | By Richard Nield

The success of Qatar’s Oryx GTL and Pearl GTL projects has led to a renewed interest in gas-to-liquid (GTL) investments, and the companies behind these plants – Sasol of South Africa and the UK/Dutch Shell Group – are now eyeing new opportunities in markets much further afield

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 West Ethylene Pipeline Iran 5,501
4 South Pars Gas Field Development: Phases 22 to 24 Iran 3,500
5 South Pars Gas Field Development: Phases 13 & 14 (Offshore) Iran 2,500
5 South Pars Gas Field Development: Phases 13 & 14 (Onshore) Iran 2,500
5 South Pars Gas Field Development: Phases 17 & 18 (Onshore) Iran 2,500
8 South Pars Gas Field: Phase 12 Onshore Gas Treatment
(Liquid Processing Plant)
Iran 2,125
9 Shah Gas Development - Gas Process Plant UAE 1,900
10 South Pars Gas Field: Phase 12 Onshore Gas Treatment
(Gas Processing Facility)
Iran 1,800
Click through to the full data table on the biggest oil & gas projects in execution
Click through to MEED's Q1 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2014

Projects trends

Gulf Projects Index

Dubai’s Mall of the World boosts index Subscription

17 July 2014

UAE and Bahrain are the outstanding markets of the week

Gulf projects index

Projects index dips as market slows Subscription

22 May 2014

Oman only country to record growth in value, while Iraq posts biggest decline

Gulf projects index

Index up 10.6 per cent on last year Subscription

15 May 2014

Kuwait now the second-fastest growing market in the region after Saudi Arabia

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

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: Film digitiser Subscription

25 July 2014 | By

Provision of FS50B digitiser

See all oil & gas tenders

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MEED events

Kuwait Projects 2014

Kuwait Projects 2014

Exploring project opportunities in the Kuwait Market

See the MEED events calendar

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