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Oil & Gas

Oil & Gas market news

Gas storage

Frontrunner emerges for gas terminal contract Subscription

2 March 2015 | By

Bids seen to be above budget for main package of Emirates LNG project

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

Protesters in Algeria

Shale protests turn violent in Algeria Subscription

2 March 2015 | By

Forty police officers injured

Oil well

No commercial discovery for Kosmos Subscription

2 March 2015 | By

The US company’s first exploratory well in Western Sahara disappoints

Gas

Mott MacDonald and Khudairi Group partner Subscription

2 March 2015 | By

Companies to combine capabilities to deliver Iraqi oil and gas projects

Algeria-Kenya energy deal

Algeria signs energy deal with Kenya Subscription

26 February 2015 | By

Agreement will promote cooperation on oil, gas and power

Refinery

Jizan refinery and power plant scheduled for 2018 Subscription

25 February 2015 | By

If execution goes to schedule commissioning of both will start in 2017

Jizan gasification plant capacity to be 4,000MW

Jizan gasification plant capacity to be 4,000MW Subscription

25 February 2015 | By

Aramco clarifies confusion over capacity of world’s largest integrated gasification combined-cycle power plant

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New projects

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

Oil and gas industry

Egypt announces six oil and gas deals Subscription

11 January 2015 | By

Exploration contracts worth millions of dollars signed

Project bids

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

Commercial bids in for Fujairah LNG terminal

Commercial bids in for Fujairah LNG terminal Subscription

16 February 2015 | By

Emirates LNG preparing to award both packages on region’s largest facility

Refinery

Prequalification extended for refinery Subscription

16 February 2015 | By

Companies given extra four weeks to submit documents for Oman’s Duqm oil refinery project

Abu Dhabi

Abu Dhabi sets deadline for $2bn oil project Subscription

11 February 2015 | By

Onshore operator pre-qualifies seven bidders for Bab Integrated Facilities expansion

Underground pipes

Low bid on Kuwait air system Subscription

11 February 2015 | By

Prices vary between $97m and $42m

CNOOC tenders wellpads at Missan oil field

CNOOC tenders wellpads at Missan oil field Subscription

4 February 2015 | By

Contractors asked to submit bids by 23 February for southeast Iraq oil development

Oman port

Oman prequalifies for Duqm berths terminal Subscription

4 February 2015 | By

Contractors asked to submit documents by 10 March

Project awards

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

Kuwait oil company contract awards 2014

Kuwait Oil Company awards $8.6bn in 2014 Subscription

2 February 2015 | By

Contract awards see a 95 per cent increase

Red Sea, Jordan

Jordan inks LNG supply deal with Shell Subscription

29 January 2015 | By

Kingdom to import enough gas to meet quarter of national electricity demand

Gas flare

Egypt awards $2.2bn in gas contracts Subscription

29 January 2015 | By

Contracts awarded to Vitol, Noble Group, Trafigura and BP to supply 75 cargoes of LNG

Updates

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

Gas shortage delays Egypt field maintenance

Gas shortage delays Egypt field maintenance Subscription

18 February 2015 | By

Field operated by Shell requires 20-day shutdown

Gas production

Egypt’s Deka project sees progress Subscription

17 February 2015 | By

Two new gas wells to be brought online over three months

Construction refinery

Mostorod New Refinery sees delays Subscription

16 February 2015 | By

Issues with building works permits blamed

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

Kuwait oil and gas fields

Chevron cuts output from Divided Zone field Subscription

9 February 2015 | By

Wafra production drops amid ongoing Kuwait-Saudi dispute

Ruwais refinery commissioning still under way

Ruwais refinery commissioning still under way Subscription

4 February 2015 | By

Delayed Abu Dhabi facility expected to be fully operational in the coming months

Onshore gas drilling

Oman starts tight gas production at $1bn Abu Tabul project Subscription

20 January 2015 | By

OOCEP expects to hit production target by end of 2015

Financing

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

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

Oil & gas trends

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

Saudi refining plan hinges on curbing subsidies

Saudi refining plan hinges on curbing subsidies Subscription

1 March 2015 | By

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

kirkuk

Kirkuk dispute to intensify Subscription

24 February 2015 | By

Erbil is determined to defend its control of the oil-rich province

Middle East contracts awarded Jan 15

Middle East contracts awarded: January 2015 Video Subscription

3 February 2015

Over $7bn of contracts awarded in January in the Middle East

Kuwait oil company contract awards 2014

Kuwait Oil Company awards $8.6bn in 2014 Subscription

2 February 2015 | By

Contract awards see a 95 per cent increase

Supply and demand: Domestic gas consumption has outsripped production in recent years

Abu Dhabi takes on gas deficit Subscription

20 January 2015 | By

The Shah project is providing a boost to gas availability in the UAE, but it is only part of its strategy

Ship: The Atwood Achiever began drilling in December

Drilling reignites territorial dispute Subscription

20 January 2015 | By

Oil exploration activity in the Western Sahara could bring renewed violence to the North African disputed territory, with a billion barrels of oil potentially at stake

Samir Brikho, CEO, Amec Foster Wheeler

Amec Foster Wheeler sets sights on Saudi Arabia Subscription

20 January 2015 | By

CEO of the newly formed company, Samir Brikho speaks to MEED

Filter all oil & gas analysis by country

MEED comment

Refinery

Jizan turning the corner

24 February 2015 | By

Economic forum will bring renewed hope for the region

Erbil, capital of the Kurdistan region of northern Iraq

Shifting borders in northern Iraq

24 February 2015 | By

Isis has provided a smokescreen for power plays in embattled region

Kevin Baxter

Saudi Arabia's tight gas plans take shape

23 February 2015 | By

Saudi Aramco is committed to unconventional gas project in the kingdom

UAE upstream market set for quiet year

UAE upstream market set for quiet year

17 February 2015 | By

Fewer large projects set to be awarded in Abu Dhabi after three-year spending spree

Offshore oil rig

Aramco looks to share the pain

10 February 2015 | By

Bullish production policy means oil major can’t make too many demands from its upstream vendors

Petrochemicals industry

Why regional petrochemicals producers fear cheap oil

3 February 2015 | By

Low-cost naphtha could create a projects boom in the world’s manufacturing hubs

The tender for Abu Dhabi’s onshore oil concession has been called the biggest upstream prize available for international oil companies in the Middle East

The Middle East’s biggest oil prize

3 February 2015 | By

The Abu Dhabi onshore concession is one of the only major regional assets up for grabs for international oil companies

Saudi Arabia plays the long game

Saudi Arabia plays the long game

20 January 2015 | By

While there are worrying developments, reports on the demise of the kingdom’s oil sector are wildly exaggerated

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

Iran drags down Gulf index Subscription

27 January 2015

Losses in UAE, Iraq and Iran wipe 0.5 per cent off regional projects index

Gulf Projects Index

Iran records biggest decline in five years Subscription

6 January 2015

Islamic Republic sees $15.8bn wiped off projects market

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)

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

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

Iran: Cement additives Subscription

25 February 2015 | By

Supply of cement additives

See all oil & gas tenders


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MEED events

Qatar Projects 2015

Qatar Projects Conference 2015

Detailing the plan to deliver Qatar’s National Vision 2030, a US$200bn project

See the MEED events calendar

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