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Category: January 2015

Egypt Oil and Gas Market Update Jan 2015

Posted by: Chemist Posted on: January 15, 2015 , ,

Egypt to complete Gazprom deal in January
Oil minister says liquefied natural gas import agreement will be finalized by end of month

Egypt to complete Gazprom deal in January
Oil minister says liquefied natural gas import agreement will be finalised by end of month

Egypt announces six oil and gas deals
Exploration contracts worth millions of dollars signed

Ministry seeks investors for Egypt housing
Plans to develop a total of 30,000 middle-income housing units

ElSewedy to build two power plants
Emergency projects to address Egypt’s shortfall

Egypt prequalifies firms for renewables scheme
A total of 109 proposals have been prequalified for 4,300MW programme

Egypt pays Dana Gas $60m
Government reduces debt to foriegn oil companies

Qatar Oil and Gas News Update Jan 2015

Posted by: Chemist Posted on: January 14, 2015 , ,

QP and Shell cancel $6bn Al-Karaana
Joint venture partners decide against building world-scale petrochemicals plant at Ras Laffan

QNB assets reach record levels
Qatari bank sees profits rise by 10 per cent in 2014

Firms submit bids for Qatar Hilton resort
Salwa development will be built southwest of Doha

Qatar shortlists firms for mega-reservoirs
International and local contractors compete for $3bn infrastructure scheme

Qatar says oil market may enter a new era
Oil minister says producers who cannot cope with lower prices may have to ‘step down’

Kuwait Oil and Gas News January 2015

Posted by: Chemist Posted on: January 14, 2015 , ,

Record oil and gas contract awards expected in Kuwait
Project contracts worth $21.5bn due to be awarded over 2015

Impact of falling oil prices on Kuwait
Kuwait’s low budget breakeven price of $52.3 a barrel and its hefty sovereign wealth fund makes it the best prepared out of any Gulf nation to face a prolonged period of depressed oil prices, according to Moody’s Investors Service

GCC oil and gas spending hits four-year high in 2014
Kuwait leads spending as Saudi Arabia has weakest year for contracts since 2004

Dubai Oil and Gas News January 2015

Posted by: Chemist Posted on: January 14, 2015 , , ,

Moves toward metering renewable energy tariff
Preparations begin for net metering structure following passing of executive resolution in Dubai

Nakheel extends tenders
Closing dates for Palm Gateway and Deira Islands is now in March

Oqyana signs deal for The World project
Dutch Docklands appointed as consultant for concept and infrastructure work at island scheme in DubaiEmaar tenders

The Hills construction
Emaar invites bids for residential project in Dubai

Dubai hopes for trade boost with Iran
Dubai has long been the Islamic Republic’s gateway to the global marketplace and stands to gain if and when embargoes are lifted.

Abu Dhabi Oil and Gas News Updates Jan 2015

Posted by: Chemist Posted on: January 14, 2015 , ,

Tebodin wins Abu Dhabi gas lift contract
Dutch group wins subcontract from Galfar Engineering to add gas lifts at 30 additional oil wells

Abu Dhabi prepares to award Bab sour gas deals
Early study on estimated $10bn gas field development awarded to US engineering group Fluor

Total and ADNOC launch research project
Digital rock physics study to be carried out at Masdar Institute and The Petroleum Institute in Abu Dhabi

Eagle Hills and Al-Mabaar join forces
Merged Abu Dhabi developer’s project portfolio totals $20bn

Oman Oil and Gas January 2015 Updates

Posted by: Chemist Posted on: January 14, 2015 ,

Oman oil projects under review
Officials responsible for gas projects told to look for savings

Acwa confirms Oman desalination contract
Project company will expand capacity of Barka 1 plant

Oman mulls share sale of state refining group
Orpic shares may be offered to public, oil minister quoted as saying

Oman plans Khulud tight gas tender
Petroleum Development Oman eyeing its first major unconventional project in second quarter

Larsen & Toubro to build Muscat Crowne Plaza
Four-star hotel part of Oman Convention and Exhibition Centre

Oman increases public spending in 2015
If the oil price remains under $60 a barrel in the long term, significant cuts will be needed in future budgets

Middle East contracts awarded: December 2014
Over $6bn of contracts awarded in December in the Middle East

Impact of falling oil prices on Oman
With smaller oil reserves and a much higher budget breakeven oil price, Oman is more vulnerable to low crude prices than the four biggest GCC economies, but stands in a far stronger position than Bahrain

GCC oil and gas spending hits four-year high in 2014
Kuwait leads spending as Saudi Arabia has weakest year for contracts since 2004