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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

Gathering centre

Design complete for Gathering Centre 32 in southeast Kuwait Subscription

7 December 2014 | By

Tender due to be issued after Kuwait Oil Company approval

Project bids

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

Oil well

Petrofac bids low on Kuwait manifold project Subscription

16 April 2015 | By

UK-based firm submits price of $776m

Pipeline

Kuwait manifold bid deadline extended Subscription

16 April 2015 | By

Contractors are told they have until 24 May to submit prices

Pipeline

Bidders on New Refinery pipeline renew bonds Subscription

13 April 2015 | By

Contractors voice concerns about possible retendering

Oil field

Abu Dhabi receives bids on Bab oil field scheme Subscription

23 March 2015 | By

Bab Integrated Facilities expansion valued at just under $2bn

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

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

Project awards

Zirku Island

Abu Dhabi appoints project manager for Zirku Island Subscription

2 April 2015 | By

US-firm appointed as project manager for island project in Abu Dhabi

Rig

Aramco awards engineering contract Subscription

16 March 2015 | By

Three companies selected for six-year Maintain Potential Programme scheme

Oil refinery

Kuwait signs energy deals with South Korea Subscription

3 March 2015 | By

Officials discuss increased oil and gas cooperation

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

Rig

Eni awarded Egyptian oil and gas concessions Subscription

18 January 2015 | By

Italian oil and gas company signs agreement for the offshore North Leil and Karawan blocks 

Tebodin wins Abu Dhabi gas lift contract

Tebodin wins Abu Dhabi gas lift contract Subscription

12 January 2015 | By

Dutch group wins subcontract from Galfar Engineering to add gas lifts at 30 additional oil wells

Kuwait awards $4.3bn deal to Petrofac

Kuwait awards $4.3bn deal to Petrofac Subscription

11 January 2015 | By

UK firm wins Lower Fars heavy oil development project contract

Updates

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

Onshore oil drilling

Gulf Keystone restarts Shaikan oil production Subscription

22 March 2015 | By

UK-listed group receives pre-payments for exports from Iraqi Kurdistan

Wintershall restarts Libyan onshore oil production

Wintershall restarts Libyan onshore oil production Subscription

22 March 2015 | By

Fields producing 30,000 barrels a day

Saudi Aramco's Khurais expansion

Aramco considers cancelling $3bn Khurais expansion Subscription

3 March 2015 | By

Decision on whether to proceed will be made in June after engineering is complete

Gas production

Egypt’s Deka project sees progress Subscription

17 February 2015 | By

Two new gas wells to be brought online over three months

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

Latest Oil - upstream news

Al-Zour in the Divided Zone

Saudi Chevron to stop production from its Wafra field Subscription

22 April 2015 | By

Operations are set to cease in May due to an ongoing dispute between Kuwait and Saudi Arabia

Benghazi, Libya

Libya factions close to peace agreement Subscription

21 April 2015 | By

UN announcement comes amid increasing chaos  

Oil rig

Commercial bids for Hail field set for May Subscription

21 April 2015 | By

Abu Dhabi offshore development operated by Japan-owned consortium Adoc

Oil field

Kuwait discovers four new oil fields Subscription

20 April 2015 | By

Fields are located in the north and west of Kuwait

Opec oil output surges

Opec output surges Subscription

16 April 2015 | By

Group pumped 30.79 million barrels a day in March

Yemen conflict

Kuwait oil institutions remain on alert Subscription

16 April 2015 | By

Higher security is a response to the conflict in Yemen

Middle East and North Africa oil export growth

IMF cuts growth forecasts for Middle East oil producers Subscription

15 April 2015 | By

Lower oil prices dampens economic outlook

Canadian energy company Calvalley Petroleum is to liquidate after deciding to exit Yemen

Calvalley to close after Yemen exit Subscription

13 April 2015 | By

Canadian company had attempted to diversify business portfolio outside of Yemen

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Oil upstream trends

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

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

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

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 - upstream analysis by country

MEED commentary

Aramco consolidates offshore contracts

Aramco consolidates offshore contracts

19 April 2015 | By

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

Doha in Qatar

Optimism for Qatar amid uncertainty Subscription

7 April 2015 | By

Steady growth forecast for Qatar’s economy

Gas field

Qatar’s oil dilemma Subscription

31 March 2015 | By

It’s LNG and not oil that is Doha’s core business and it should be concentrating its efforts there

Kevin Baxter

Khurais field's future under threat Subscription

5 March 2015

Saudi Aramco will make decision when cost savings are established

Refinery

Aramco’s selective spending Subscription

3 March 2015 | By

Oil major focusing on specific schemes is right strategy at this time

UAE upstream market set for quiet year

UAE upstream market set for quiet year Subscription

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 Subscription

10 February 2015 | By

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

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 Subscription

3 February 2015 | By

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

See all MEED commentary

Special reports

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

Al Gharbia Development Forum 2015

Al Gharbia Development Forum 2015

12 May 2015 | Driving Investment and securing partnerships in the Western Region of Abu Dhabi

See the MEED events calendar

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