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Oil & Gas

Oil & Gas market news

Lower oil prices will spur reforms

Lower oil prices will spur reforms, says Aramco CEO Subscription

24 November 2014 | By

GCC will come out of oil price slump stronger after increasing efficiency

Turkey and Algeria agree 10-year gas deal

Turkey and Algeria agree 10-year gas deal Subscription

23 November 2014 | By

Algeria set to supply Turkey with 4.4 billion cubic metres of gas

Baiji refinery

Iraq forces break siege at Baiji refinery Subscription

19 November 2014 | By

Baghdad claims strategic victory as army regains ground from Islamist militants

Oil sector

Lower crude could affect future spending in Oman oil sector Subscription

19 November 2014 | By

But ministry says current expansion projects will go ahead as planned

Iraq Oil Minister Adel al-Mahdi says oil revenue agreement has been reached between Erbil and Baghdad

Erbil and Baghdad reach agreement on oil revenues Subscription

18 November 2014 | By

Kurdish government agrees to place some exports under federal control in exchange for payments, says Iraq oil minister

Oil production

Qatar cuts crude production Subscription

18 November 2014 | By

Qatar output expected to be 500,000 barrels a day by end of November

Egypt’s spending on fuel subsidies has dropped by 29 per cent in the wake of reforms that hiked up prices for consumers

Egypt fuel subsidy spending drops by 29 per cent Subscription

18 November 2014 | By

Government spends $3bn in first quarter of fiscal year

UK energy company BG Group is in ongoing talks with its rival, fellow UK firm BP, over a potential deal to share infrastructure in Egypt

BG says Egypt gas talks are ongoing with BP Subscription

18 November 2014 | By

Discussions may lead to an increase in gas supplies to domestic market

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New projects

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

Oil pipes

Kuwait to tender $706m manifold project Subscription

13 August 2014 | By

Manifold project tender due to be issued in one to two weeks according to industry source

Project bids

Onshore rig

Abu Dhabi invites bids on Bab Integrated Facilities Subscription

24 November 2014 | By

Deadline extended to first quarter 2015 for onshore oil field project

Abu Dhabi yet to award Al-Dabbiya phase three deal

Abu Dhabi yet to award Al-Dabbiya phase three deal Subscription

24 November 2014 | By

Tecnimont frontrunner for major onshore contract after bids were submitted in September

Offshore security

Saudi Aramco plans first award for $1bn offshore security contract Subscription

18 November 2014 | By

Dutch/Vietnamese shipbuilder favourite for $180m patrol vessels contract

Pipeline

Saudi Aramco decides against CCC for Khurais Subscription

17 November 2014 | By

Despite being lowest bidder for two pipeline packages, CCC now out of contention

Gasoline forecasts

Qaiwan Group in talks on Bazian refinery expansion Subscription

3 November 2014 | By

Iraqi Kurdistan company prepares to award refinery and crude pipeline packages

Jordan extends bid deadline on oil and gas blocks

Jordan extends bid deadline on oil and gas blocks Subscription

3 November 2014 | By

Companies asked to submit proposals on 20 November

Larsen & Toubro pulls out of New Refinery pipeline deal

Larsen & Toubro pulls out of New Refinery pipeline deal Subscription

30 October 2014 | By

Dubai’s Dodsal now favourite to win Kuwait Oil Company contract

EPC awards in Oman

BP invites bids on Khazzan gas pipelines Subscription

15 October 2014 | By

Companies asked to submit proposals for export, condensate and gas gathering pipelines

Project awards

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

Technip wins Abu Dhabi offshore project management deal

Technip wins Abu Dhabi offshore project management deal Subscription

17 November 2014 | By

French engineering group to oversee three construction packages on Nasr field

Oil spill

Alghanim International wins contract for Kuwait clean-up Subscription

17 November 2014 | By

$28m project will involve excavating and transporting contaminated soil

Iraq awards $900m of oil storage and transmission projects

Iraq awards $900m of oil storage and transmission projects Subscription

13 November 2014 | By

Chinese group picks up $667m deal to build depot near Nasiriyah field

BP awards $4bn of contracts on Khazzan field

BP awards $4bn of contracts on Khazzan field Subscription

12 November 2014 | By

Group preparing to start third drilling rig on Oman tight gas development

GE Oil & Gas wins Abu Dhabi gas turbine deal

GE Oil & Gas wins Abu Dhabi gas turbine deal Subscription

12 November 2014 | By

US group to supply technology for Umm al-Lulu full-field development

Al-Faw Port in Iraq

Petrofac awarded $106m Al-Faw contract extension Subscription

3 November 2014 | By

UK group wins new six-month deal from South Oil Company on export facilities services

Saudi Aramco's Khurais oil field in Saudi Arabia

Aramco confirms Saipem for $2bn Khurais deal Subscription

29 October 2014 | By

Italian contractor will construct main processing facilities at oilfield expansion

Updates

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

Gestamp Solar Kuwait plant to be completed in mid-2015

Gestamp Solar Kuwait plant to be completed in mid-2015 Subscription

7 October 2014 | By

Facility will form part of Umm Gudair enhanced oil recovery system

Financing

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

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

Oil & gas trends

Fujairah's location on the Gulf of Oman coast gives it direct access to the Indian Ocean, a geographical advantage that has attracted investment in key energy infrastructure over the past decade

Oil and gas drives $9bn projects pipeline in Fujairah Subscription

13 November 2014 | By

Emirate’s access to Indian Ocean attracts investment

Pressure: Other Opec members will try to convince Riyadh to cut production at the group’s November meeting

Riyadh bides its time Subscription

23 October 2014 | By

With massive cash reserves to fall back on, the kingdom is in no hurry to exert its influence on oil prices

Egypt oil and gas balance

Israeli gas exports to Egypt look increasingly likely Subscription

23 October 2014 | By

Cairo’s failure to ease shortage makes Israeli gas an attractive option

IMF real GDP growth forecast 2015-19 percentage

Oil price slump tests forecasters Subscription

21 October 2014 | By

Political upheaval and uncertain oil price trends make predicting economic growth challenging

Middle East contracts September 2014

Middle East contracts awarded: September 2014 Video Subscription

16 October 2014

Over $2bn of contracts awarded in September in the Middle East

Middle East contracts awarded August 2014

Middle East contracts awarded: August 2014 Video Subscription

14 October 2014

Over $3bn of contracts awarded in August in the Middle East

Strategy: Only a cut of about 1 million barrels a day from Opec will help stem the oil price decline

Hard realities test $100 oil Subscription

2 October 2014 | By

Barrel prices come under intense pressure from oversupply and a strong dollar

Norway's Statoil and UK/Dutch Shell have been awarded an exploration licence for Algeria’s Timissit block, an area with shale gas potential

Statoil and Shell awarded acreage in Algeria Subscription

1 October 2014 | By

Award hailed as opportunity to test potentially large shale play

Filter all oil & gas analysis by country

MEED comment

Jizan Economic City

End result will justify Jizan overruns

20 November 2014 | By

Refinery project has been a challenge to all involved

Offshore oil security

Aramco prioritises security

20 November 2014 | By

Oil major plans raft of new measures for offshore assets

Baiji refinery, north of Baghdad, in Iraq

Erbil strives to meet domestic fuel demand

6 November 2014 | By

Baiji refinery outage highlights importance of refining expansion in Iraqi Kurdistan

Upstream research and development

Gulf driving its own innovation

30 October 2014 | By

Local investment in research and development is essential for future of energy industry

Oil price erosion forms cracks between Opec members

Oil price erosion forms cracks between Opec members

23 October 2014 | By

Prospect of lower prices ahead triggers call for action from group’s fragile economies

New Oman projects could boost exports

New Oman projects could boost gas exports

16 October 2014 | By

Khazzan project gathers steam with most of construction on track to start in 2015

Kuwait Olefins 3 integration adds uncertainty to New Refinery Project

Olefins 3 integration adds uncertainty to New Refinery Project

9 October 2014 | By

Project merger sparks concerns about further delays

Oil prices

Hard economics overtakes geopolitics for oil

2 October 2014 | By

Oil prices could stay below $100 a barrel for some time

See all MEED commentary

Special reports

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

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

31 August 2014 | By

The end of the boom for the energy market

Oil and gas

Oil & Gas: Kuwait and Iraq lead EPC awards Subscription

5 June 2014

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

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 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

Gulf projects index

Market eases for Eid break Subscription

9 October 2014

Oman is only projects market to record significant movement

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: Dewaxing filter grids Subscription

24 November 2014 | By

Supply of grids for dewaxing filters

See all oil & gas tenders

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MEED events

Qatar Projects 2015

Qatar Projects Conference 2015

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