:: Dana Gas and Emarat in $182 million joint gas project
Posted: 09 January 2006
Leading private sector natural gas company, Dana Gas, through its wholly-owned pipeline subsidiary United Gas Transmissions Company, has entered into an agreement with Emirates General Petroleum Corporation (Emarat) to build, own and operate a 30 km, 48 inch, common-user gas pipeline from the Sharjah gas hub at Sajaa to the Hamriyah Free Zone.

:: GE Energy signs multi-million dollar LNG contract with Rasgas
Posted: 09 January 2006
GE Energy and RasGas Company Limited have signed a multi-million dollar agreement calling for GE to supply a full range of services over a 25-year period for 22 gas turbines operating at the RasGas LNG production complex in Ras Laffan Industrial City , Qatar.

:: High oil revenues to boost Arab nation’s private sector
Posted: 09 January 2006
The recent oil boom could cause some governments to cut back on economic reforms to create more private sector-led growth and development, UAE’s official news agency reported quoting a recent study made by the Arab Monetary Fund.

:: Keppel Singmarine begins 2006 with three won contracts
Posted: 09 January 2006
Keppel Singmarine, the wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has clinched three new building contracts worth $73million (S$120 million).

:: J. Ray McDermott awarded project for Qatargas jackets
Posted: 09 January 2006
J. Ray McDermott Eastern Hemisphere Ltd., a subsidiary of J. Ray McDermott was awarded a contract for the construction and installation of three wellhead jackets for the Qatargas 3 Project’s and Qatargas 4 Project’s offshore facilities. Contracts of this type are typically valued at over US$ 20 million.

:: ConocoPhillips, Marathon Oil and Amerada Hess returns to Libya
Posted: 09 January 2006
Amerada Hess and Oasis Group partners ConocoPhillips and Marathon Oil will return to its former oil and gas production operations in the Waha concessions in Libya after 19 years of absence.

:: ABB wins $95 million automation order in India
Posted: 09 January 2006
ABB said it has won a $95 million contract for an enterprise wide Supervisory Control and Data Acquisition (SCADA) system from India’s largest integrated oil and gas company, Oil & Natural Gas Corporation Limited (ONGC).

:: Shell and Petronas deliver first gas
Posted: 09 January 2006
In a mile stone project, Shell Malaysia and Petronas Carigali have delivered their first gas from their jointly operated new Shallow Clastics satellite field ahead of schedule

:: Veritas wins Oman seismic contract
Posted: 09 January 2006
Veritas has been awarded a four-year land acquisition contract by Petroleum Development Oman (PDO).

:: Yemen’s block S-1 fails to test hydrocarbons
Posted: 09 January 2006
Was plugged and abandoned after failing to test hydrocarbons from a 596 metre interval of Granitic Basement.

:: Oil discovered in East Shabwa
Posted: 09 January 2006
Over 1,900 barrels of 35 API degrees oil per day were produced in the production test from the Jathma-1 well in the East Shabwa Development Area, block 10 in Yemen.

:: Shell applies technology to reduce environmental impact of oil industry
Posted: 09 January 2006
Environmental impact of the oil and gas industry can be significantly reduced through the use of technology and information gathering, says international oil company Shell.

:: South Korean consortia find strategic stronghold in Yemen
Posted: 09 January 2006
Four South Korean consortia composed of state-run Korea National Oil Corp (KNOC), Samsung Corp, Daesung Industries Co and GS Holdings Corp signed an agreement with Yemen's Ministry of Oil and Minerals to obtain a controlling stake in a joint venture to explore an oil field off Yemen.

:: France goes biodiesel
Posted: 09 January 2006
Technip has been awarded by Diester Industrie a turnkey contract for a new biodiesel unit, based on the Axens process, to be built in Venette, near Compiègne, France.

:: Dana acquires stake in Egypt’s South Feiran concession
Posted: 09 January 2006
Dana Petroleum has signed an agreement with Compania Espanola de Petroleos S.A. ('CEPSA') to acquire a stake in the South Feiran Concession, located in the Gulf of Suez, offshore Egypt.

:: Drilling completed in GRJ-2 Well on Block 126A in Algeria
Posted: 09 January 2006
Gulf Keystone has completed drilling, coring and logging operations at the GRJ-2 well on Block 126A in north eastern Algeria. Technical evaluation of the data has indicated three separate potential reservoir intervals which may contain hydrocarbons.

:: Energy boom drives development of power facilities
Posted: 09 January 2006
GCC investments in power generation could reach $ 50 billion by 2020, experts’ estimations indicate. This energy boom drives development of power facilities.

:: Energy projects in Qatar to drive further economic growth
Posted: 09 January 2006
Investments in the oil and gas sector in Qatar are skyrocketing with a total value of more than $60 billion across industries. Developments in the energy sector, which has long been the driver of the Qatari economy, will be debated at the Major New Energy Project Opportunities conference in Qatar February 6-7.

:: Weatherford announces share repurchase programme
Posted: 09 January 2006
Weatherford International’s Board of Directors has approved a share repurchase programme that authorises Weatherford to repurchase up to $1 billion of Weatherford’s outstanding common shares, as market conditions warrant.

:: PWC Logistics awarded Equate project logistics contract
Posted: 09 January 2006
PWC Logistics, a global provider of integrated supply chain solutions has been awarded by Equate Petrochemical Company a project logistics contract for the utilities and infrastructure phase of the Olefins II Ethylene and Derivatives Complex in Shuaiba Kuwait.

:: Production Begins at West Azeri in the Caspian Sea
Posted: 09 January 2006
The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the West Azeri platform - Azeri Project Phase 2, as part of the Azeri-Chirag-Gunashli (ACG) field development, in the Azerbaijan sector of the Caspian Sea.

:: China to aid Philippines in extracting geothermal energy
Posted: 09 January 2006
China Oilfield Services Limited (COSL) has signed a two-year geothermal well cementing services contract with Philippine National Oil Corporation (PNOC).

:: Cal Dive provides update on Telemark
Posted: 09 January 2006
Energy Resource Technology, Inc., (ERT) a wholly owned subsidiary of Cal Dive International, Inc. has been advised by Norsk Hydro USA Oil and Gas, Inc., that they will not pursue their development plan for the deepwater discovery known as Telemark in Atwater Valley Block 63.

:: DNO sees strong oil shows from Nabrajah 9
Posted: 09 January 2006
DNO reports that the Nabrajah 9 well which was spud on 24 November last year reached the basement at a depth of 2176 metres and continued to drill at approximately 2430 metres.

:: SteelFab to showcase abrasive blasting products compliant with Dubai's regulations
Posted: 09 January 2006
SteelFab, the Middle East's largest display of steel working machinery will showcase a wide range of blasting equipment that are fully compliant with the Dubai Municipality Code of Practice on Abrasive Blasting.

:: Lukoil awards five-year contract to Landmark
Posted: 09 January 2006
Landmark has been awarded a five-year contract to provide software maintenance and support at Lukoil’s headquarters in Moscow and in the LUKOIL-Komi company unit in the northwest region of Russia.

:: Neste Oil signs a EUR 150 million loan agreement with the European Investment Bank
Posted: 09 January 2006
Neste Oil has signed a EUR 150 million loan agreement with the European Investment Bank (EIB). The eight-year loan will be used to finance Neste Oil's Diesel Project at its Porvoo refinery.

:: Petrofac secures contracts in Russia
Posted: 09 January 2006
Petrofac said it has won two contracts in connection with the development of the Kovykta gas and condensate field in East Siberia . The contracts run for three years and total over $60 million.

:: OMV completes acquisition of Czech Aral filling stations
Posted: 09 January 2006
OMV has completed the acquisition of 70 Aral ser-vice stations in the Czech Republic , following approval by the relevant competition authorities. Through this transaction, which was signed on October 5, 2005 , OMV acquired the fourth biggest filling station network in the Czech Republic.

:: ExxonMobil's Dewaxing Technology Selected for Two Petro-Canada Applications
Posted: 09 January 2006
Petro-Canada has selected MIDW fuels catalytic dewaxing technology of ExxonMobil Research and Engineering Company (EMRE) for both their Montreal, Quebec and Edmonton, Alberta refineries.