:: Keppel Shipyard delivers FPSO for SBM
Posted: 28 February 2006
Keppel Shipyard Ltd (Keppel Shipyard), a unit of Keppel Corporation Limited through Keppel Offshore & Marine Ltd (Keppel O&M), has delivered FPSO Capixaba, with a conversion contract value of over S$90 million.

:: DP World close to winning Pakistani port contract
Posted: 28 February 2006
Pakistan's Prime Minister Shaukat Aziz has approved a proposal to start negotiations with Dubai Ports World (DP World) as potential operator of Gwdar Port in the Pakistani province of Baluchistan.

:: Oil price jumps $63 on Saudi oil facility attack
Posted: 27 February 2006
Oil prices in New York rallied more than $2 a barrel and rose above $63 Friday afternoon after terrorists tried to blow up a major Saudi oil facility.

:: Geopolitical events to keep oil price at record high - Gulf Research Center
Posted: 27 February 2006
GCC oil revenues reached $23.15 billion in January, a more than $3 billion increase over December’s revenues, says the Dubai-based Gulf Research Center’s (GRC) Monthly Oil Report.

:: Crescent Petroleum: agreed price not cheap
Posted: 27 February 2006
Crescent Petroleum said its gas purchase contract with National Iranian Oil Company (NIOC) to import natural gas from the Salman field is over 90 per cent complete, and both parties have invested to date over $1 billion.

:: Qatar ready for possible oil price crash
Posted: 27 February 2006
Qatar ’s economy will grow to over $60 billion by 2011, predicts Qatar ’s Finance Minister Yousef Hussain Kamal saying no infrastructure-related project will be postponed due to lack of funds.

:: GCC project frenzy
Posted: 27 February 2006
Due to the increasing role of the private sector and the rapid rise in privatisations, projects in the GCC are expected to double this year, experts in project finance forecast.

:: BBC chief to speak at the EIC spring luncheon
Posted: 27 February 2006
The Energy Industries Council's Middle East office invites members and guests to its Spring Luncheon.

:: ENOC subsidiary extends storage capacity to meet demand
Posted: 27 February 2006
Chemstore FZCO, a joint venture between Modern Freight Company L.L.C. (MFC) and Horizon Terminals Limited (HTL), a wholly-owned subsidiary of Emirates National Oil Company (ENOC), today announced the official opening of Phase III of its exclusive facility in the Jebel Ali Free Zone.

:: Partners to provide jackup barges
Posted: 27 February 2006
Ortolan teamed up with AK Suda to supply turnkey jackup barge solutions for the growing oil and gas market.

:: QP launches contracting process initiative
Posted: 27 February 2006
Under the direction of His Excellency Abdullah bin Hamad Al-Attiyah, Second Deputy Prime Minister, Minister of Energy and Industry, Qatar Petroleum has recently launched an initiative to improve its complete contracting process.

:: Centurion acquires strategic Egyptian E&P properties
Posted: 27 February 2006
Centurion Energy International has acquired a private US corporation. The acquisition, which is expected to add approximately 8,200 barrels of oil equivalent per day to Centurion's production, includes operated properties in Egypt's Nile Delta region and in Texas, USA.

:: TransGlobe makes oil discovery on Yemen's Block 32
Posted: 27 February 2006
TransGlobe Energy has made a new oil discovery well on Block 32 in Yemen. The Godah1 well was drilled to a total depth of 1,841 metres and was completed as an oil well with a flowing rate of 1,839 barrels of oil per day and 4.4 million cubic feet of gas per day. No water was produced with the oil.

:: Delivering improved operational productivity
Posted: 27 February 2006
The latest release of I/O’s System Four offers a comprehensive suite of new features to ensure the cost-effective acquisition of full-wave, fully sampled seismic data in the most challenging onshore environments. The third generation of the system, called System Four3, incorporates several key features that are designed to maximize uptime during field operations and deliver significant productivity gains.

:: Qatar on petrochem plant and gas pipeline
Posted: 27 February 2006
Qatar is to set up a $3 billion petrochemical plant with a South Korean company, Minister of Energy Abdullah bin Hamad Al Attiyah told reporters after opening the three-day Gas Summit 2006.

:: Keppel secures contract for QatarGas LNG carriers
Posted: 27 February 2006
QatarGas has agreed to dry dock its liquefied natural gas carriers in Keppel shipyard.

:: GE turbines for Sharjah power plant
Posted: 27 February 2006
Sharjah Electricity & Water Authority (SEWA) has selected GE Energy's gas turbine technology for the Hamriyah Power Station.

:: NEL offers solution for sand erosion
Posted: 27 February 2006
NEL, a leading international technology services organisation, says it is able to offer a unique solution to sand erosion for oil and gas operators and equipment manufacturers.

:: Company fleet grows along with economy
Posted: 27 February 2006
The completion of Saudi Aramco's latest Marine Anchor Handling Tug Supply/Safety (AHTSS) vessel, Zamil 13, was cause for celebration recently at the Port of Dammam, when dignitaries, led by Eastern Province Governor Prince Mohammad ibn Fahd and Transportation Minister Dr Jubarah Eid Al-Suraisri, toured the Zamil Shipyard and took part in a ceremony to mark the start of construction of four more vessels for Saudi Aramco.

:: Landmark provides virtual workforce to Cobalt Energy
Posted: 27 February 2006
Landmark, a brand of the Halliburton Digital and Consulting Solutions Division, has been awarded a three-year contract to provide a complete range of software and services to Cobalt International Energy, a start-up oil and gas exploration and production company.

:: Failed attack underlines Saudi security
Posted: 26 February 2006
The foiled attack last month on an oil facility that handles about two-thirds of Saudi Arabia ’s petroleum output underscores the risk posed to the global energy industry by terrorist groups.