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Oil - Upstream

Middle East Oil-upstream news, analysis, tenders, contracts awarded, commentary and data. Keep up to date by signing up to MEED's Oil & Gas newsletter. If you are not a subscriber but need access then subscribe to the region's leading business intelligence service now
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New projects

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

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

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

Onshore field

Bab Integrated Facilities deadline likely to be extended Subscription

27 May 2015 | By

Abu Dhabi still finalising technical qualification of bidders for $2bn onshore scheme

Rig

Commercial bids submitted for Hail oil field project Subscription

27 May 2015 | By

Three companies competing to develop Abu Dhabi offshore field

New entrant expected for Abu Dhabi onshore concession

New entrant expected for Abu Dhabi onshore concession Subscription

13 May 2015 | By

South Korean group to be next company to pick up 5 per cent stake in oil fields

Kuwait

Low bid submitted on Kuwait water centre Subscription

12 May 2015 | By

Scheme part of a restructuring of the country’s water network

Kuwait oil and gas fields

Kuwait plans first offshore field development projects Subscription

10 May 2015 | By

Contracts to be awarded before the end of the year

UAE oil and gas fields

Chinese group frontrunner for Mender field project Subscription

27 April 2015 | By

CPECC submits lowest bid for Abu Dhabi onshore field development

Abu Dhabi has no timeline for onshore concession stakes

Abu Dhabi has no timeline for onshore concession stakes Subscription

21 April 2015 | By

State oil company head says awards are still pending after January award to Total

Offshore oil

Frontrunners emerge for long-term Aramco deal Subscription

19 April 2015 | By

Four contractors vying to be awarded engineering, procurement and construction contract

Project awards

Subsea oil production

Bahr Essalam contract awarded to OneSubsea Subscription

20 May 2015 | By

Source says the Libyan offshore deal is worth around $450m

Oil pipelines

Chinese group awarded $330m Mender field development Subscription

18 May 2015 | By

CPECC to build first oil production facilities at field in south of Abu Dhabi

Pipeline projects

Tebodin picks up three Abu Dhabi oil project contracts Subscription

17 May 2015 | By

Dutch group to study replacement of piping systems on Das Island

GS Energy awarded 3 per cent stake in Adco

GS Energy awarded 3 per cent stake in Adco Subscription

13 May 2015 | By

South Korean group is third international company to enter Abu Dhabi oil concession

Aramco awards offshore contracts

Aramco awards offshore contracts Subscription

10 May 2015 | By

US contractor emerges as the big winner of long-term agreement

Descon awarded Sahil oil field water re-injection

Descon awarded Sahil oil field water re-injection Subscription

6 May 2015 | By

Pakistani group to build facilities at onshore oil field in Abu Dhabi

Offshore platform

McDermott awarded offshore contract Subscription

6 May 2015 | By

US contractor to carry out additional work in Neutral Zone

Oil well

MedcoEnergi given 25-year Oman extension Subscription

30 April 2015 | By

Indonesian group and partners awarded $600m contract

Updates

Oil pipeline

Adnoc on track to hit production target

19 May 2015 | By

Firm’s plans involve more than $100bn of investment by end of 2019

Pipeline

Al-Zour pipeline expected to be retendered Subscription

14 May 2015 | By

An invitation for bids on the $800m project is likely to be issued in coming months

Oil pipelines

Contractors seek compensation amid shutdown Subscription

13 May 2015 | By

Sources say Punj Lloyd and SK Engineering & Construction among those seeking damages

Petrochina drills 122 wells at Halfaya

Petrochina drills 122 wells at Halfaya Subscription

13 May 2015 | By

Production to increase as further wells are completed

Blockade ends at Brega oil and gas port

Libya’s Irda gas field resumes production Subscription

4 May 2015 | By

Blockade ends at Brega oil and gas port

Kuwait Energy commissions Egypt gas plant

Kuwait Energy commissions Egypt gas plant Subscription

26 April 2015 | By

Company says project will increase output from Abu Sennan concession

Abu Dhabi has no timeline for onshore concession stakes

Abu Dhabi has no timeline for onshore concession stakes Subscription

21 April 2015 | By

State oil company head says awards are still pending after January award to Total

Qatar oil and gas contracts

Qatar upstream projects in jeopardy Subscription

31 March 2015 | By

Two major schemes could be scuppered by lower oil prices

Latest Oil - upstream news

Sonatrach told to invest more in hydrocarbons

Sonatrach told to invest more in hydrocarbons Subscription

27 May 2015 | By

Algeria’s prime minister says potential not sufficiently exploited

Warplanes from Libya's official government attacked an oil tanker docked outside the city of Sirte on 24 May, wounding three people and setting the ship on fire, officials said

Libyan tribes meet in Cairo Subscription

26 May 2015 | By

Oil tanker bombed near port city of Sirte

Sonatrach

Sonatrach names new CEO Subscription

25 May 2015 | By

Amine Mazouzi becomes fifth chief executive in as many years at Algerian oil major

China’s Zhongman wins West Qurna-2 drilling contract in Iraq

Chinese group wins $527m Iraq drilling contract Subscription

21 May 2015 | By

Zhongman to drill production wells for 28 months at West Qurna-2 field

Oil industry

OMV upstream production drops Subscription

20 May 2015 | By

Company blames drop on security problems in Libya and Yemen

Sidra oil field in Libya

Libya’s National Oil Company predicts rising production Subscription

20 May 2015 | By

Says production will rise by 200,000 barrels a day over the next two months

Kuwait tweaks oil production strategy

Kuwait tweaks oil production strategy Subscription

19 May 2015 | By

Kuwait Oil Company looking to compensate for Divided Zone shutdown

Libya’s National Oil Corporation opens books

Libya’s National Oil Corporation opens books Subscription

19 May 2015 | By

Regular meetings taking place with World Bank and IMF

Filter all oil - upstream news by country

Oil upstream trends

UAE oil and gas concessions

Abu Dhabi oil’s pivot to Asia Subscription

18 May 2015 | By

South Korea takes first stake in major oil concession as part of a growing interest of Asian companies in UAE production

Mounting debt: Baghdad owes $9bn to contractors for 2014 and needs to pay $18bn to investors this year

Payment arrears stall Iraq oil sector investment Subscription

12 May 2015 | By

Despite record oil exports, Baghdad is struggling to pay contractors and having to lower production targets

Divided Zone: Some analysts believe the Saudi Arabia-Kuwait dispute could degenerate into more serious problems

Trouble in the Divided Zone Subscription

28 April 2015 | By

Oil production in the zone is expected to halt as Saudi Arabia and Kuwait fail to find common ground

Abu Dhabi strengthens ties with Asian oil customers

Abu Dhabi strengthens ties with Asian oil customers Subscription

28 April 2015 | By

Onshore stake for Japan’s Inpex a sign of growing Asian influence in emirate’s upstream sector

Global oil production

Oil price still not ready for recovery Subscription

21 April 2015 | By

Opec optimism unfounded while global market remains oversupplied

US oil production

The impact of US shale oil on the Middle East Subscription

6 April 2015 | By

Cheaper production could spell disaster for many of the region’s conventional oil fields

Al-Maktoum International location

Boom in Egypt oil and gas project awards expected Subscription

23 March 2015 | By

Contracts worth $37.2bn expected to be signed before the end of 2018

kirkuk

Kirkuk dispute to intensify Subscription

24 February 2015 | By

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

Filter all oil - upstream analysis by country

MEED commentary

Pipeline

Divided Zone dispute likely to be costly for Kuwait Subscription

19 May 2015 | By

Dispute with Saudi Arabia has caused reputational damage

Aramco strategy needs to factor in cheap oil

Aramco strategy needs to factor in cheap oil Subscription

14 May 2015 | By

Reports that US shale oil is dead are completely wrong

QP's risky Al-Shaheen strategy

QP's risky Al-Shaheen strategy Subscription

12 May 2015 | By

Re-tendering concession for technically challenging oil field is mystifying

Iraqi oil ambitions checked

Iraqi oil ambitions checked Subscription

12 May 2015 | By

Oil Ministry must cut capital expenditure and focus on key export infrastructure

South Korean firms now have experience on some of the largest hydrocarbons projects that have ever been built

South Koreans will be back Subscription

12 May 2015 | By

The Asian contractors will return when the region’s oil and gas projects market picks up

Rig

Aramco rewards investors in the region Subscription

11 May 2015 | By

McDermott has made a big commitment that is paying off

If Kuwait and Saudi Arabia fail to improve their coordination over Divided Zone projects, the future cost could be high, especially for Kuwait

Divided Zone differences Subscription

28 April 2015 | By

Saudi Arabia and Kuwait need to increase cooperation on shared projects

Aramco consolidates offshore contracts

Aramco consolidates offshore contracts Subscription

19 April 2015 | By

Having long-term deals in place will allow the oil major to manage cash flow more efficiently

See all MEED commentary

Special reports

Low oil prices curb contract awards

Oil & Gas: MEED's EPC contractor survey

11 May 2015

Low oil prices curb contract awards

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

Oil and gas

Middle East Oil & Gas report Subscription

31 August 2014 | By

The end of the boom for the energy market

See all oil - upstream special reports

Data

Top 100 Projects, Q4 2014 Subscription

4 February 2015 | By

The largest projects in the Middle East, listed by value

Proven Oil Reserves

Country oil (billion barrels) % of world total
Algeria 12.2 0.7
Bahrain 0.6 0
Egypt 4.3 0.3
Iran 151.2 9.1
Iraq 143.1 8.7
Kuwait 101.5 6.1
Libya 47.1 2.9
Oman 5.5 0.3
Qatar 24.7 1.5
Saudi Arabia 265.4 16.1
Sudan 6.7 0.4
Syria 2.5 0.2
Tunisia 0.4 0
UAE 97.8 5.9
Yemen 2.7 0.2
b/d=barrels per day. Source: BP Statistical Review of World Energy. Proven reserves at the end of 2011

Oil production

Country 2009 2010 2011l
Algeria 1,762 1,762 1,729
Bahrain na na na
Egypt 736 730 735
Iran 4,249 4,338 4,321
Iraq 2,447 2,480 2,798
Kuwait 2,477 2,518 2,865
Libya 1,652 1,659 479
Oman 813 865 891
Qatar 1,345 1,569 1,723
Saudi Arabia 9,809 9,955 11,161
Sudan (unified) 475 465 453
Syria 401 385 332
Tunisia 83 80 78
UAE 2,750 2,867 3,322
Yemen 306 301 228
All oil figures are thousand barrels per day. Source: BP Statistical Review of World Energy. Production at the end of 2011

Companies

Attarat Power Company Subscription

Attarat Power Company is a subsidiary of Eesti Energia responsible for building Jordan’s oil shale power plant at Attarat Um Ghudran

TransGlobe Energy Corporation Subscription

TransGlobe Energy Corporation is involved in international oil and gas exploration with a focus on Egypt and Yemen

See all oil & gas company profiles

People

Mustafa al-Shimali Subscription

7 January 2014

Mustafa al-Shimali is former oil minister, Kuwait

Mohammed al-Rumhy Subscription

7 January 2014

Mohammed al-Rumhy is oil and gas minister, Oman

Ahmed al-Sharyan Subscription

9 December 2013

Ahmed al-Sharyan is secretary-general, Noga

Abdulrahman Jawahery Subscription

5 December 2013

Abdulrahman Jawahery is president, Gulf Petrochemical Industries Company (GPIC)

Edward Hanley Subscription

5 December 2013

Edward Hanley is CEO and president, Tatweer Petroleum/Occidental Petroleum Bahrain

Abdel Khalil Almoayyed Subscription

5 December 2013

Abdel Khalil Almoayyed is chairman, Bapco

See all oil and 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


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Research reports

Oil & Gas

MENA Oil & Gas Market Report 2015

21 October 2014

A comprehensive overview of the $700bn-plus MENA upstream oil and gas, downstream refining and petrochemical sectors

See all MEED research reports

MEED events

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Qatar Transport Conference 2015

Moving forward: Providing business opportunities and stimulating Qatar’s transport sector

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