:: MZ & Partners in Energy City project
Posted: 16 February 2006
Gulf Energy, the global consortium of energy consultants and investors behind the multi-billion dollar Energy City Qatar development, has appointed MZ & Partners as the project's lead master planners and architects.

:: Turkey reschedules $1bn Iraqi oil debts
Posted: 16 February 2006
Turkey has rescheduled $1.02 billion in debts owed by Iraq to Turkish firms for oil products which they have delivered there, Trade Minister Kursad Tuzmen said.

:: Gulf private equity snaps up Roxar
Posted: 14 February 2006
The private equity arm of Arcapita, the Bahrain-based investment bank, along with affiliates and existing management, has acquired Norway ’s Roxar, a leading provider of services and equipment to the oil and gas industry.

:: ADNOC opens up for CNG tenders
Posted: 14 February 2006
Abu Dhabi National Oil Corporation (Adnoc) distribution says it is to pre-qualify contractors and prepare tender documents for its Compressed Natural Gas (CNG) projects. Tenders are expected to be out by the second half of 2006, according to the UAE official news agency.

:: Topaz wins $ 4.5 million fabrication deal
Posted: 13 February 2006
Adyard Abu Dhabi, an oil and gas subsidiary of Topaz Energy and Marine Ltd was awarded a $ 4.5 million contract by Glasgow based VWS Westgarth Ltd for the fabrication of two modules, an SRP Module and a Utility/Chemical Injection Module.

:: AlMansoori acquires Alpine Oil Services Egypt
Posted: 13 February 2006
AlMansoori Specialized Engineering (MSE) has acquired Alpine Oil Services Egypt (AOSE). The acquisition of the Cairo-based company marks MSE's first venture into the rapidly growing Egyptian oil and gas sector.

:: Al-Khafji Joint Operations awarded contracts to J. Ray McDermott
Posted: 13 February 2006
McDermott Arabia Company Ltd, a subsidiary of J. Ray McDermott was awarded two turnkey contracts by Al-Khafji Joint Operations to provide engineering, procurement, construction and installation services for KJO developments in the Arabian Gulf.

:: Aramco’s Haradh plant starts oil production
Posted: 13 February 2006
Oil started to flow through the new Haradh gas-oil separation plant (GOSP) 21 months after approval of the funding, Saudi Aramco said on Wednesday.

:: Taiwan to cut ME oil
Posted: 13 February 2006
Taiwan aims to slash reliance on oil imports to under 31 per cent of total energy needs by 2025. Chen Pao-lang, president of the Chinese Petroleum Corporation, says 65 per cent of the 2.3 billion barrels of oil imported between January-November last year came from the Middle East.

:: Qatar unveils roadmap for Middle East “Knowledge Economy”
Posted: 13 February 2006
In an aim to establish a knowledge economy in the Middle East, Qatar Science & Technology Park (QSTP) has laid out its strategies in attracting companies to develop their technology in Qatar.

:: BP has the fastest growth rate among the supermajors - Browne
Posted: 13 February 2006
Previewing a strategy update to the financial community, BP Chief Executive Lord Browne Browne said BP had increased oil and gas production by an average of 4.4 per cent a year since 2000 - the fastest growth rate of the supermajors.

:: HI-Force CEO relocates to UK head office
Posted: 13 February 2006
Kevin Brown , CEO, HI-Force’s Worldwide Sales and Marketing, has announced his planned relocation to the UK head office in April 2006. Craig Brown, current GM Middle East will take over responsibility for day to day running of Hi-Force Middle East operations.

:: Qatar Steel completes the implementation of Oracle’s E-Business Suite
Posted: 13 February 2006
Qatar Steel Company (QASCO), one of the largest steel manufacturers in the GCC region, has completed the implementation of Oracle’s comprehensive business applications solution, Oracle E-Business Suite, as part of the industrial giant’s expansion plans.

:: Shell to open technology centre in Bangalore
Posted: 13 February 2006
Shell says that Bangalore would be the location for its latest technology centre, Shell Technology India (STI). The centre will deliver high-end technical studies, projects and technical services for Shell across the globe, as well as supporting interests in India.

:: Rolls Wood Group wins first contract in the healthcare service
Posted: 13 February 2006
Aberdeen based Rolls Wood Group together with Scottish and Southern Energy (SSE) was awarded a five year Comprehensive Maintenance Contract to support a combined heat and power project at Ninewells Hospital and Medical School in Dundee , Scotland.

:: Mega projects to increase oil by 1.9 million bpd of oil and petrochemical production by 68%
Posted: 13 February 2006
When completed, Saudi Aramco's four mega projects will be strategically important not only to the company but to the entire economic development of the kingdom, says a senior project analyst. These projects, which are either under way or in the planning stages are Hawiyah Natural Gas Liquids Recovery, Khursaniyah, Khurais and Shaybah Expansion.

:: Keppel signs agreement with Atwood for a jackup rig order
Posted: 13 February 2006
Keppel AmFELS has signed a Letter of Intent with a wholly-owned subsidiary of Atwood Oceanic for the construction of a new jackup rig, due for delivery in third quarter 2008.

:: Operations underway at Mubarek Field
Posted: 13 February 2006
Sky Petroleum reports that operations have commenced at the Mubarek Field on the Mubarek H-2, the first of two infill wells on the field. ic for the construction of a new jackup rig, due for delivery in third quarter 2008.

:: DNO completes production testing on Nabrajah 9
Posted: 13 February 2006
DNO says that the production test of the Basement section in Nabrajah 9 in Block 43, Yemen has been completed. The well will now be side-tracked.

:: Fuel cost may lead to power shortages within 5 years
Posted: 13 February 2006
The biggest single-year fuel cost increases in history is creating a strong chance that US power markets will not be able to successfully address resource adequacy, resulting in power shortages in some areas of the country within the next five years, the Managing Director of Cambridge Energy Research Associates’ (CERA) Global Power Group, Lawrence J. Makovich, told a briefing at the firm’s CERAWeek 2006 in Houston on 9 February.

:: Exploration well Tayifah-1X in Egypt successfully tested
Posted: 13 February 2006
Exploration well Tayifah-1X drilled by RWE Dea in the Disouq area - onshore Nile Delta, Egypt was tested successfully with 48 degree API oil from the Qantara formation.

:: SPE reserves definitions endorsed
Posted: 12 February 2006
As a professional association dedicated to the exchange of technical knowledge about oil and gas resources for the public benefit, the Society of Petroleum Engineers (SPE) is ready to assist the US Securities and Exchange Commission on the matter of reserves definitions, as recommended by Cambridge Energy Research Associates (CERA).

:: ABB discloses possible bribery
Posted: 12 February 2006
ABB, the world's largest maker of power and automation networks has admitted to the US authorities that it made payments in several countries that might have violated US anti-bribery laws.