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U.A.E Oil and Gas Update Feb 2015

Prequalification starts for landmark Dubai tower – Investment Corporation of Dubai appointed consultants last year

Al-Maktoum airport expansion delayed – Enabling works contract for Al-Maktoum International in Dubai was due to be signed by the end of 2014

Contractors submit bids for Dubai museum – Project will be built where UAE rulers formed the federation in 1971

Total wins stake in Abu Dhabi onshore oil fields – Paris-based group first to announce joint venture and also becomes asset leader of several fields

Abu Dhabi takes on gas deficit – The Shah project is providing a boost to gas availability in the UAE, but it is only part of its strategy

GCC LNG exporters hit as prices plummet – Lower Asia demand growth and tumbling crude price signal weak liquefied natural gas market in 2015

UAE Oil and Gas Market Update Jan, 2014

  • Nakheel to tender AED6bn of contracts in 2014.
  • Sharq to issue tenders for W Hotel on Palm Jumeirah.
  • Arabtec planning to raise Efeco capital.
  • Arabtec launches real estate development arm.
  • Flora Hospitality to open four new hotels in Dubai.
  • UAE backs out of deal to buy BAE’s Typhoon jets.
  • Dubai Expo boost for Abu Dhabi construction.
  • TAQA to streamline operations at Abu Dhabi HQ – Abu Dhabi energy company TAQA has undertaken a reorganisation at its headquarters to enhance efficiency, which will see staff numbers reduce to 189 in the new year.
  • RWE and Repsol spud first well in Mauritania – RWE and Repsol has spotted the first exploration well in Licence Block Ta10 in Mauritania. The well is intended to provide information about the hydrocarbon potential of the licence area.
  • 3rd Base Oil and Lubes Middle East Conference jointly organized by Conference Connection and Petrosil in Dubai April 16-17, 2014.
  • Land rigs seeing strong growth in Middle East – Demand for land rigs has significantly increased in the Middle East keeping rig makers and refurbishment yards very busy, according to one of the region’s top rig manufacturers.
  • LNG Publishing Company Inc. confirmed as Media Partner for 3rd Annual Base Oil and Lubes Middle East Conference.
  • Rolls Royce wins key ADMA-OPCO turbine order – Rolls-Royce has been awarded a strategic contract to supply power generation equipment to help boost oil and gas processing at ADMA-OPCO’s Satah Al-Razboot offshore project in Abu Dhabi.
  • Abu Dhabi refocuses on industry – A new bureau will draw up a revised strategy to grow the emirate’s manufacturing sector.
  • GCC Oil and gas consumption set to rise 50 per cent by 2030 – Mena needs more than $1 trillion investment to meet 2030 gas and electricity demand.
  • Abu Dhabi electricity demand to soar – Peak electricity demand in Abu Dhabi is set to rise.

Halal market sees rapid growth – Dubai is looking to tap into rising global demand for sharia-compliant products.