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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

Pipe yard

$300m pipeline factory to be built in Abu Dhabi Subscription

16 August 2015 | By

Abu Dhabi Ports signs an agreement with Al Gharbia Pipe Company

Offshore oil exploration rig

Kuwait in offshore oil talks Subscription

23 June 2015 | By

Source says oil company officials aim to start drilling in 2017

Kuwait oil and gas fields

Kuwait to tender its first offshore oil developments Subscription

21 June 2015 | By

Official announcement expected in the fourth quarter of 2015

Project bids

Lukoil invites bids for West Qurna wellpad

Lukoil tenders work on $2.5bn Iraq project Subscription

12 August 2015 | By

Oil and gas field development will be delivered in three phases

Gas compressor

Kuwait tenders Jurassic contract Subscription

10 August 2015 | By

National oil company prequalifies 14 companies

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

Water centre in North Kuwait contract to be awarded Subscription

30 July 2015 | By

Sources say the Kuwait Oil Company project will be awarded before September

Kuwait $1bn gathering centre project to be tendered

Kuwait $1bn gathering centre project to be tendered Subscription

29 July 2015 | By

Insiders say Kuwait Oil Company is planning to invite bids in the middle of 2016

GS Energy awarded 3 per cent stake in Adco

Frontrunner emerges for biggest UAE oil contract of 2015 Subscription

6 July 2015 | By

Low bid for Bab Integrated Facilities Expansion said to be in region of $3bn

Offshore oil

Still no award on Hail field development Subscription

5 July 2015 | By

Adoc still assessing bids on Abu Dhabi offshore oil field project

Offshore oil exploration rig

Kuwait in offshore oil talks Subscription

23 June 2015 | By

Source says oil company officials aim to start drilling in 2017

More contractors invited to bid for $800m Al-Zour pipeline

More contractors invited to bid for Al-Zour pipeline Subscription

22 June 2015 | By

Kuwait Oil Company rules out three contractors, according to sources

Project awards

Offshore oil and gas

Chiyoda-CCC awarded $150m UAE offshore contract Subscription

23 August 2015 | By

Japanese-led joint venture to carry out modifications at Das Island for Nasr development

Egypt awards oil and gas concessions worth $100m

Egypt awards oil and gas concessions worth $100m Subscription

4 August 2015 | By

Pacific Oil & Gas and Hibiscus Petroleum commit to investing $68m

Dynamic Industries has been awarded a long-term agreement by Aramco to provide services at offshore facilities

US firm confirms Saudi Aramco contract Subscription

29 July 2015 | By

Group is second company to announce long-term agreement for kingdom’s offshore fields

Offshore oil exploration

Swiss firm wins Abu Dhabi offshore oil deal Subscription

16 July 2015 | By

Company to provide electrical and telecoms systems

Offshore oil

US firm wins Aramco long-term agreement Subscription

16 July 2015 | By

Deal covers brownfield work on various offshore fields

Bidders renew bonds for Kuwait manifold project

UK company wins Kuwait manifold project Subscription

12 July 2015 | By

Contract worth hundreds of millions of dollars awarded by Kuwait Oil Company

Oil production

GlassPoint to build $600m solar oil recovery plant in Oman Subscription

8 July 2015 | By

US group gets go-ahead after successful pilot plant at Amal onshore field

Oil well

Petrofac wins $900m Yibal Khuff deal Subscription

15 June 2015 | By

British group will handle engineering and procurement at Oman field development

Updates

Iraqi degassing project terminated

Iraqi degassing project terminated Subscription

17 August 2015 | By

Contractors say $558m facility has been derailed by ongoing budgetary problems

Contractors prepare bids on Saudi gas plant

Bidders wait on news for Fadhili gas plant Subscription

12 August 2015 | By

Bidders submitted prices for three major packages

Gas compressor

Kuwait tenders Jurassic contract Subscription

10 August 2015 | By

National oil company prequalifies 14 companies

Algeria brings two oil fields online

Algeria brings two oil fields online Subscription

4 August 2015 | By

Output has increased by 32,000 barrels a day

Kuwait $1bn gathering centre project to be tendered

Kuwait $1bn gathering centre project to be tendered Subscription

29 July 2015 | By

Insiders say Kuwait Oil Company is planning to invite bids in the middle of 2016

Workers mobilised for Kuwait oil gathering centre

Workers mobilised for Kuwait oil gathering centre Subscription

9 July 2015 | By

Work starts on phase one of $790m upstream project

Offshore oil

Still no award on Hail field development Subscription

5 July 2015 | By

Adoc still assessing bids on Abu Dhabi offshore oil field project

Saudi Arabia and Kuwait have started talks designed to find a resolution to the dispute that stopped hydrocarbons production in the Divided Zone

Kuwait and Saudi Arabia in talks over Divided Zone Subscription

25 June 2015 | By

Kuwait’s Oil Minister says a joint committee has been formed

Latest Oil - upstream news

Abu Dhabi has no timeline for onshore concession stakes

DNO withdraws from Oman exploration blocks Subscription

27 August 2015 | By

Norwegian company retains two blocks in sultanate; reports second quarter loss

OIl barrels

Crude prices hit six-year low on Chinese stock crash Subscription

24 August 2015 | By

Concerns over Chinese slowdown see oil prices hit lows of 2008/09 financial crisis

Iraq oil

IMF says Iraq is unlikely to hit 2015 oil targets Subscription

20 August 2015 | By

Conflict with Isis and insufficient storage facilities limit oil sector expansion

Donald Trump

Trump calls for US to seize Iraqi oil fields Subscription

17 August 2015 | By

Republican presidential candidate says Saudi Arabia should pay for US military protection

Cairo

Isis claims hostage killing in Egypt Subscription

13 August 2015 | By

Image purporting to show beheaded hostage is circulated online

Total wins stake in Abu Dhabi onshore oil fields

Iran drops Azadegan field hint to Japan Subscription

11 August 2015 | By

Onshore field was discovered in 1999

Gas producing slots at offshore platform

Al-Sisi says Egypt committed to settling gas debts Subscription

11 August 2015 | By

President meets with CEO of BG Group

Kuwait

Kuwait denies ban on Saudi newspaper Subscription

10 August 2015 | By

Comments from the information ministry come amid an ongoing dispute over the Divided Zone

Filter all oil - upstream news by country

Oil upstream trends

Libya oil facilities

Isis expansion threatens Libyan oil operations Subscription

5 July 2015 | By

The outlook for Libyan oil exports is bleak, with Isis threatening key crude terminals against a backdrop of civil protests and disputes between the rival governments

While other Arab nations adopt firm stances on regional politics, Muscat is content to straddle the fence

Oman prepares to borrow to keep project programme on track Subscription

29 June 2015 | By

Sultanate has more than $100bn-worth of schemes in the pipeline, but it needs banks and investors to finance at least part of this sum

An oil refinery in the Panhandle of Texas

US replaces Saudi Arabia as the world’s biggest oil producer Subscription

29 June 2015 | By

The US records the world’s largest increase in oil production over 2014

Dispute increases uncertainty in Kuwait’s project market

Dispute increases uncertainty in Kuwait’s project market Subscription

29 June 2015 | By

Kuwait Petroleum Corporation row could cause widespread disruption in the energy sector

The main casualty in Saudi Arabia will be large-scale downstream projects such as petrochemicals facilities and new oil refineries

Saudi defence spending rises while oil income drops Subscription

17 June 2015 | By

Even though low oil prices mean Riyadh will earn less hydrocarbons revenue, the authorities are still focused on increasing defence investment and maintaining social spending

Contract awards

Middle East contracts awarded: May 2015 Video Subscription

14 June 2015

Nearly $9bn of contracts awarded in May

Faulkner: Region cannot emulate US’ shale success

Interview: 'Fracking 2.0' driving down US shale costs Subscription

9 June 2015 | By

The growth of the US shale production industry is only just beginning, according to the head of Breitling Energy and ‘Frack Master’, Chris Faulkner

Saudi Arabia’s Oil Minister Ali al-Naimi

No change expected as Opec convenes in Vienna Subscription

2 June 2015 | By

World’s three biggest oil producers close to record highs in May ahead of cartel decision

Filter all oil - upstream analysis by country

MEED commentary

Andrew Roscoe

Kuwait must maintain momentum Subscription

25 August 2015 | By

Government cannot let lower oil prices derail vital infrastructure schemes

Wil Crisp

Kuwait struggles to compensate for lost production Subscription

11 August 2015 | By

Jurassic field developments rushed out amid scramble for extra oil revenues

Wil Crisp

Value of Kuwaiti contract awards in danger of collapsing Subscription

23 June 2015 | By

Dispute over oil company board members could return Kuwait to the era of inaction

Mark Watts

Baghdad-Erbil stalemate continues Subscription

16 June 2015 | By

Dispute over budgetary payments threatens Kurdish oil ambitions

Kevin Baxter

Where next for Opec? Subscription

9 June 2015 | By

A new era of diversity in supply is sending shockwaves through the organisation

Kevin Baxter

Qatar’s oil attracting the big players Subscription

2 June 2015 | By

Al-Shaheen is one of the most technically impressive fields in the world

Wil Crisp

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

See all MEED commentary

Special reports

Low oil prices curb contract awards

Oil & Gas: MEED's EPC contractor survey Subscription

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

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

Tenders

Egypt: Water well drilling Subscription

2 September 2015 | By

Drilling of deep water wells

See all oil - upstream tenders


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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

Iran Breakfast Briefing

Iran Breakfast Briefing 2015

29 September 2015 | Providing clarity in preparation for a post sactions era

See the MEED events calendar

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