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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

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

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

Project bids

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

Dodsal may not bid on Al-Zour $800m refinery pipeline retender

Dodsal may not bid on Al-Zour $800m pipeline retender Subscription

18 June 2015 | By

Source says UAE-based company may concentrate on awarded projects in Kuwait

Road in Iraq

Kuwait Energy tenders roads at Block 9 in Iraq Subscription

7 June 2015 | By

Company to build access roads at concession area in Basra province

Gas refinery

Third-quarter tender expected for Gharraf field packages Subscription

31 May 2015 | By

Contractors await invitation to bid on central processing facility and gas plant

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

UAE oil and gas fields

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

Project awards

Oil well

Petrofac wins $900m Yibal Khuff deal Subscription

15 June 2015 | By

British group will handle engineering and procurement at Oman field development

Italian oil major Eni has signed an exploration deal worth $2bn with Egypt’s state-owned energy company

Eni signs $2bn deal with Egypt Subscription

4 June 2015 | By

Contract follows preliminary agreement signed in March

Oil tanker terminal

Saudi Arabia's Bahri confirms $1bn tanker order Subscription

1 June 2015 | By

Hyundai Samho Heavy Industries (HSHI) wins contract for five very large crude carriers

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

Updates

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

Aramco expected to approve oil scheme

Aramco expected to approve oil scheme Subscription

16 June 2015 | By

Decision to be made once detailed engineering is completed

Iraq oil

Lukoil hits phase one Iraq output target Subscription

10 June 2015 | By

Russian group welcomes rolling back of Iraqi oil production ambitions

Seawater intake installation

Design on $13bn seawater project set for completion this year Subscription

10 June 2015 | By

ILF Consulting Engineers reveals scope of critical Iraqi infrastructure scheme

oil

Protests shutdown Tunisian oil fields Subscription

2 June 2015 | By

Staff evacuated amid demonstrations

Tawke oil field in Iraqi Kurdistan

DNO ramps up Tawke production Subscription

1 June 2015 | By

Average for second quarter almost 150,000 b/d

Oil pipeline

Adnoc on track to hit production target Subscription

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

Latest Oil - upstream news

Oil production

Resurgence in Iranian crude production anticipated Subscription

28 June 2015 | By

Analysts predict gradual rate of growth and no major effect on global prices

Kuwait boosts security for oil sector

Kuwait boosts security for oil sector Subscription

28 June 2015 | By

Spokesperson says oil facilities are on “red alert” after mosque bombing

Qatar Petroleum completes restructuring

Qatar Petroleum completes restructuring Subscription

24 June 2015 | By

Foreign staff laid off as company exits non-core areas

Oil tanker

Russia replaces Saudi Arabia as China's top crude supplier Subscription

24 June 2015 | By

Saudi exports slump by 42 per cent

UAE oil and gas fields

Contractors prepare bids for Qusahwira phase two Subscription

21 June 2015 | By

Bids due in late July for Abu Dhabi onshore oil field development

Kuwait oil sector dispute unsettles contractors

Kuwait oil sector dispute unsettles contractors Subscription

17 June 2015 | By

State-owned oil company clashes with ministry over board appointments

Divided zone fields

Kuwait oil production falls by 42,000 barrels a day in May Subscription

16 June 2015 | By

Drop comes as Divided Zone fields remain offline

Dragon Oil agrees to Enoc's increased takeover offer

Dragon Oil agrees to Enoc's increased takeover offer Subscription

16 June 2015 | By

Enoc to acquire independent oil company

Filter all oil - upstream news by country

Oil upstream trends

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

Saudi Aramco's Khurais oil field in Saudi Arabia

Five myths about Saudi Aramco Subscription

27 May 2015 | By

Debunking some of the recent rumours and claims about the world’s largest oil company

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

Filter all oil - upstream analysis by country

MEED commentary

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

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

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

Oil and gas

Middle East Oil & Gas report Subscription

31 August 2014 | By Dominic Dudley

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

Tenders

UAE: Cables Subscription

29 June 2015 | By

Supply of fibre optic cables and cable cover tiles

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

MENA Rail & Metro Summit 2015

MENA Rail and Metro Summit 2015

5 - 7 October 2015 | Join us for our 11th annual MENA Rail & Metro Summit to discuss the world’s fastest growing rail & metro market

See the MEED events calendar

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