:: Aabar to acquire Austindo group’s 48.29 per cent stake in Pearl Energy
Posted: 30 January 2006
Aabar, a UAE-based oil and gas company signed an agreement that will acquire Austindo interest of 214,200,016 ordinary shares in Pearl Energy. This represents a 48.29 per cent of Pearl Energy’s issued share capital.

:: FUELS 2006 to open in Abu Dhabi
Posted: 30 January 2006
Issues affecting the development of the refining and fuels industries will be discussed during FUELS 2006, a major energy platform to be held on 4-6 February at the Hilton Hotel Abu Dhabi.

:: Sheikh Sabah confirmed Kuwait’s emir
Posted: 30 January 2006
Revenues of Kuwait soared by 53 per cent to $34.5 billion in the first nine months of the current fiscal year, propelled by high oil prices, an economic report said. Oil income totalled $32.7 billion, Bahrain dailies report.

:: Lukoil spuds second well on Egyptian shelf
Posted: 30 January 2006
Lukoil has started drilling its second exploration well at North-East Geisum offshore block in the Gulf of Suez in the Red Sea.

:: Saudi urged to implement new technologies
Posted: 30 January 2006
The call came as a Saudi Aramco official said demand for oil will expand in the next 25 years from roughly 85 million barrels a day to 120 million barrels a day.

:: Oman awards contract to Indonesian bidder
Posted: 30 January 2006
Petroleum Development Oman (PDO) has awarded a contract to MedcoEnergi, Indonesia's largest publicly quoted oil and gas company, to develop a cluster of 18 small fields in the Nimr-Karim area of south Oman that currently produce 18,000 barrels of oil per day.

:: To free the hostages is first priority - Shell Nigeria
Posted: 30 January 2006
Shell is seeking a quick solution to Nigeria's hostage crisis after four employees and one of its contractors were kidnapped earlier this month, the company's chief executive said Thursday.

:: GE security debuts in the Middle East
Posted: 30 January 2006
GE Security made its regional debut at the Middle East ’s leading exhibition and conference for commercial security, Intersec Dubai 2006 yesterday. It was the first time that GE’s core electronic security offerings are displayed under one roof.

:: OMV gets two new petroleum exploration permits
Posted: 30 January 2006
OMV has received two offshore exploration permits in New Zealand. The permits have been granted to OMV New Zealand Ltd, a 100 per cent subsidiary of OMV Aktiengesellschaft in a 50/50 Joint Venture with the Australian energy company, Origin Energy Limited. Origin Energy will be the operator of the permits.

:: Tanganyika continues aggressive exploration program in Egypt
Posted: 30 January 2006
Tanganyika Oil says it has continued its aggressive exploration, appraisal and development drilling programme in Egypt. The move aims to test additional prospects in the West Gharib area and simultaneously increase production.

:: Team Oman awarded major international cable contract
Posted: 30 January 2006
Nico World, a subsidiary of Dubai-based Topaz Energy and Marine Ltd has been awarded a major contract by leading Australian oil and gas contractor Clough Engineering Ltd. for its cable-lay vessel ‘Team Oman'.

:: Total receives first shipment from NLNG Train 4
Posted: 30 January 2006
Total said its first cargo of Liquefied Natural Gas (LNG) from Nigeria LNG (NLNG) train 4 has left Bonny Island bound for Spain, as part of the 1.15 million metric tonnes per annum (MTPA) sales and purchase agreement signed between Total Gas & Power Ltd. and NLNG to off take LNG from trains 4, 5 and 6.

:: Saudi and India signed energy pact
Posted: 30 January 2006
India and Saudi Arabia Friday agreed to forge a strategic energy partnership based on interdependence, Dow Jones reported.

:: IBM’s CEO elected to ExxonMobil Board
Posted: 30 January 2006
ExxonMobil Corporation has elected Samuel J. Palmisano to the board. Palmisano is chairman of the board, president and chief executive officer of IBM Corporation.

:: Lukoil begins exploration in block A in Saudi Arabia
Posted: 29 January 2006
In January 2004, Lukoil won the bid round for carrying out operations within the contract area of Block A, the purpose of which is to explore for gas condensate, and in the event of a commercial discovery, organize the gas and gas condensate production.

:: Abu Dhabi to privatise municipal solid waste treatment
Posted: 29 January 2006
The Government of Abu Dhabi announced plans to invite proposals by private investors for the operation and management of municipal solid waste treatment and disposal in the emirate, says WAM.