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Oil & Gas

Oil & Gas market news

Tunisia

Medco Energi increases investment in Tunisia Subscription

18 September 2014 | By

Indonesian energy company to spend $320m on developing new blocks

Egypt will buy 65 per cent of its oil product imports from the UAE for one year

Egypt signs energy deal with UAE Subscription

18 September 2014 | By

Al-Sisi administration will buy 65 per cent of oil imports for the next year from UAE

Yemen refinery

Yemen oil revenues drop by 30 per cent Subscription

18 September 2014 | By

Decline in oil revenues comes after repeated attacks on oil infrastructure from armed groups

In Amenas refinery in Algeria

In Amenas bosses were 'warned of bloodshed' Subscription

17 September 2014 | By

Inquest hears allegations that local worker made threats before terror attack

Riyadh

Riyadh's reserves offset risk from falling oil prices

16 September 2014 | By

NCB chief economist Said al-Shaikh says Saudi Arabia is better placed than in the past to manage the risk from oil price drops

In Amenas Algeria

In Amenas inquest set to begin in London Subscription

15 September 2014 | By

Hearing will look at site security before the 2013 attack on the Algerian gas plant

A refinery in central Vietnam

Saudi Aramco mulls plans to develop Vietnam refinery Subscription

14 September 2014 | By

Local sources claim new joint venture scheme could have a budget as high as $22bn

Rig

Solar oil recovery group gets $53m investment Subscription

10 September 2014 | By

GlassPoint receives funding from Oman’s State General Reserve Fund and Shell

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New projects

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

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

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

Project bids

Refinery

Saudi Arabia tenders Ras Tanura clean fuels and aromatics Subscription

16 September 2014 | By

Ten contractors prequalified to bid for downstream scheme in kingdom’s Eastern Province

Pipes

Still no deadline for Fujairah refinery bids Subscription

16 September 2014 | By

Project owner yet to set date for commercial proposals after receiving bids in July

Petrochina has invited bids to install new wellheads and pipelines at the Halfaya field in eastern Iraq

Petrochina tenders wellheads at Halfaya oil field Subscription

15 September 2014 | By

Companies asked to submit bids to provide facilities at field in eastern Iraq

Gas pipelines

Jordan looks to import Cypriot gas Subscription

14 September 2014 | By

Amman continues drive to diversify energy imports

Liquefied petroleum gas storage

Oman tenders Muscat city gas project design Subscription

11 September 2014 | By

Scheme to provide reliable residential gas supply in Omani capital and save liquefied petroleum gas

West Qurna 2 Oil wells in Iraq

Lukoil tenders West Qurna 2 pipelines Subscription

8 September 2014 | By

Russian group invites bids for water, gas and LPG pipelines at southern Iraq oil field

Oman has received bids from at least five companies to build a refined products pipeline linking Muscat with Sohar

Bids in for Muscat-Sohar pipeline Subscription

7 September 2014 | By

Indian, Egyptian and local companies compete for Oman refined products infrastructure deal

Biofuel refinery

Design complete on Fujairah biodiesel refinery Subscription

3 September 2014 | By

Petrixo expected to tender main packages later this year

Project awards

Bapco has awarded France’s Technip a front-end engineering and design contract as part of its refinery modernisation programme

Technip wins Bapco refinery design Subscription

21 September 2014 | By

French contractor awarded deal worth $55m for front-end work

Refinery

ILF Tecon wins Tawke central processing facility design Subscription

21 September 2014 | By

Austrian group to provide study on Iraqi Kurdistan project to operator DNO

Egypt has awarded seven oil and gas exploration blocks in deals worth a total of $187m

Egypt awards seven oil and gas blocks Subscription

21 September 2014 | By

Exploration licences granted for sites in Gulf of Suez and Western Desert

Gulf of Suez

RWE Dea wins new concessions in Egypt Subscription

18 September 2014 | By

Egyptian General Petroleum Corporation awards germany’s RWE Dea two concessions in the Gulf of Suez

The agreements were signed on 10 September and require Apache to drill 11 wells

Apache to drill 11 wells in Egypt Subscription

14 September 2014 | By

Authorities push to increase activity in oil and gas sector

Rig

Gulf Drilling International wins $1.4bn rig deals in Qatar Subscription

9 September 2014 | By

Qatar Petroleum awards contracts on four new rigs and extensions on four existing rigs

UOP wins technology deal on Iraq Siba gas field

UOP wins technology deal on Siba gas field Subscription

3 September 2014 | By

Honeywell subsidiary to provide processing technology for project in southern Iraq

Petrochemicals plant

Mott MacDonald wins Oman natural gas liquids plant design Subscription

1 September 2014 | By

Fahud project to extract products from pipeline gas to feed planned Sohar petrochemicals complex

Updates

Refinery

Kuwait announces New Refinery Project merger Subscription

17 September 2014 | By

Planned petrochemical complex will become part of the $14bn Al-Zour refinery project

Gas

Disouq development sees rapid progression Subscription

16 September 2014 | By

RWE says the project is more than a month ahead of schedule as Egyptian government pushes for gas

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

Aramco crude exports

Saudi Aramco planning to increase Manifa capacity Subscription

16 September 2014 | By

Scheme to potentially ramp up offshore field in very early stages

Egypt gas supply balance

BP and Egypt locked in talks over $10bn gas development Subscription

11 September 2014 | By

Egypt’s biggest oil and gas project remains in limbo 10 weeks after revival was announced

Oil drilling

Atrush block drilling restarts after 21-day suspension Subscription

3 September 2014 | By

Activities at Iraqi Kurdistan field were halted due to hostilities in northern Iraq

Gasification

Aramco on verge of awarding Linde Jizan air supply deal Subscription

1 September 2014 | By

Scheme will involve some third-party ownership and is worth well in excess of $1bn

Saudi Aramco's Khurais oil field in Saudi Arabia

Aramco shortlists four for Khurais package Subscription

1 September 2014 | By

Award expected by end of September after final commercial negotiations

Financing

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

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

Oil & gas trends

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

Percentage of infected computers

The continued challenge of keeping assets secure Subscription

10 September 2014 | By

More money is being spent on protecting the region’s industrial plants

Pipes

Technology sanctions set to delay unconventional oil projects in Russia Subscription

21 August 2014 | By

Ban on sales of shale and deep water hydrocarbon extraction equipment to hurt Russia’s future output

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription

14 August 2014 | By

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

Middle East contracts awarded July 2014

Middle East contracts awarded: July 2014 Video Subscription

11 August 2014

Over $8bn of contracts were awarded in July in the Middle East

Oil production

Saudi oil revenues expected to top $300bn Subscription

11 August 2014 | By

Strong oil prices coupled with sustained high production leads to upwards revision in forecast

Algeria natural gas net exports

The struggle to boost Algerian gas Subscription

6 August 2014 | By

Algiers is unlikely to be able to significantly increase exports in the short term, despite rising demand

Mostorod New Refinery Subscription

3 August 2014

Egyptian Refinery Company is building new hydrocracker and vacuum distillation units at the existing Mostorod refinery

Filter all oil & gas analysis by country

MEED comment

Egypt needs to work with international oil companies to fast-track projects to develop gas fields

Cairo looks for escape route

18 September 2014 | By

Egypt is struggling to find a way to solve its escalating gas crisis

Gas

The battle to bring West Nile Delta online

11 September 2014 | By

Delays to getting Egypt’s biggest gas project producing will punish the Egyptian economy

Gasification_xl

The real work now starts for Jizan

1 September 2014 | By

Riyadh needs to ensure region is an attractive proposition to investors

non-conventional gas

Aramco's $40bn plans could be tip of iceberg

28 August 2014 | By

The development of non-conventional gas and maintaining upstream assets will not be cheap

Libya

Recovery in Libyan oil exports

21 August 2014 | By

The country is further than ever from being able to form a unified military force to resist the militias

In Amenas gas facility in Algeria

Ukraine’s crisis is Algeria’s opportunity

7 August 2014 | By

Tensions between Europe and Russia revive a long-stalled gas project, but enthusiasm may turn out to be short-lived

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 Subscription

17 July 2014 | By

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

See all MEED commentary

Special reports

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

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

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 Karbala New Refinery Iraq 6,040
2 Clean Fuels Project 2020: MAA Package Kuwait 4,800
3 Clean Fuels Project 2020: MAB - Package 1 Kuwait 3,800
4 Upper Zakum Full Field: Early Production Facility:
Offshore: EPC 2
UAE 3,790
5 Clean Fuels Project 2020: MAB: Package 2 Kuwait 3,400
6 Neka to Jask Pipeline Iran 3,300
7 Yanbu Export Refinery: Gasoline Block: EPC-3 Saudi Arabia 2,500
7 Bandar Abbas Condensate Refinery Iran 2,500
9 Ruwais Carbon Black and Delayed Coker Project UAE 2,470
10 Sohar Refinery Expansion Project Oman 2,100
Click through to the full data table on the biggest oil & gas projects in execution
Click through to MEED's Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014

Projects trends

Gulf projects index

Expansion in Saudi Arabia lifts market Subscription

11 September 2014

Projects announcements in Kuwait and Saudi Arabia give boost to Gulf Projects Index

Gulf projects index

Iraq’s project market continues to slide as US steps up intervention Subscription

14 August 2014

The contraction in Iraq’s projects market weighed on the regional index for the Gulf as a whole

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

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: Gas filter canisters Subscription

20 September 2014 | By

Supply of gas filter canisters for hydrogen sulphide gas

See all oil & gas tenders

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MEED events

Kuwait Projects 2014

Kuwait Projects 2014

Exploring project opportunities in the Kuwait Market

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