:: Kofi Annan awarded the Zayed Prize
Posted: 08 February 2006
Kofi Annan, the United Nations Secretary General arrived here in Dubai to receive the Zayed International Pr ize. Worth $1 million, the awards are considered the most prestigious environment prize.

:: Major policy changes to cut emission urged
Posted: 08 February 2006
Although Dubai is located in the heart of the world’s oil region, the emirate derives less than 10 per cent of its income from oil. And from learning the importance of using its scarce resources efficiently, Dubai has soared to become one of the world’s economic miracles, Annan said in his remarks on receiving the Zayed award.

:: Abu Dhabi’s oil policy reviewed
Posted: 07 February 2006
This includes developing national human resources in the oil and gas industry, said Sheikh Khalifa Bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi and Chairman of the Supreme Petroleum Council during a meeting at his palace on Sunday.

:: ADNOC price-tags crude oil for January
Posted: 07 February 2006
The Abu Dhabi National Oil Company, ADNOC, Sunday announced the prices of its crude oil production for the Month of January 2006.

:: Pay by results deal
Posted: 06 February 2006
Petroleum Development Oman (PDO) has awarded a contract to MedcoEnergi, of Indonesia , 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.

:: $700 million Libya investment
Posted: 06 February 2006
ConocoPhillips expects to invest about $700 million in Libya in 2006, says Chief Financial Officer John Carrig. ConocoPhillips is one of three companies that were recently granted an extension of concessions suspended 20 years ago after the US declared sanctions against the country.

:: Another producing well in Yemen
Posted: 06 February 2006
TransGlobe Energy completed the drilling in Yemen’s An Nagyah19 well after reaching a depth of 1,705 metres. Oil flowed at a stabilised rate of 3,226 barrels of light (43 degree API) oil per day and 1.6 million cubic feet of gas per day at a flowing pressure of 500 psi on a 48/64 inch choke.

:: Dolphin Energy plans $3.45 billion refinancing
Posted: 06 February 2006
UAE's Dolphin Energy plans to refinance a $3.45 billion bridge financing as early as October this year, a senior official said.

:: Petro-Canada sold Syrian-producing assets for $582 million
Posted: 06 February 2006
Petro-Canada sold its Syrian-producing assets for $582 million (Euro 484 million) to a joint venture owned by India's Oil and Natural Gas Corporation (ONGC) Limited and the China National Petroleum Corporation (CNPC).

:: Abu Dhabi to pump additional 110,000 bpd in the second quarter
Posted: 06 February 2006
The Abu Dhabi Company for Onshore Oil Operations (ADCO) said it will bring on stream 110,000 barrels per day (bpd) of crude oil from its North East Bab fields in the second quarter this year, increasing crude production capacity to 1.4 million bpd.

:: PDO finds oil in four fields
Posted: 06 February 2006
Petroleum Development Oman (PDO) has discovered oil in four fields with reserves of tens of millions of barrels, according to published reports.

:: BP to fund biodiesel production in India
Posted: 06 February 2006
BP said it is to fund a $9.4 million project by The Energy and Resources Institute (TERI) in the Indian state of Andhra Pradesh to demonstrate the feasibility of producing biodiesel from Jatropha Curcas, a non-edible oil bearing crop.

:: Shell restores 115,000 bpd production in Nigeria
Posted: 06 February 2006
BP said it is to fund a $9.4 million project by The Energy and Resources Institute (TERI) in the Indian state of Andhra Pradesh to demonstrate the feasibility of producing biodiesel from Jatropha Curcas, a non-edible oil bearing crop.

:: Car buyers dramatically impressed with ethanol
Posted: 06 February 2006
Last year's fuel price hike and Middle East crises may have not only hurt US drivers' pockets but also caused them to feel guilty about operating large, gas-only vehicles, says a senior car executive. Because of this, car buyers are looking into ethanol power vehicles.

:: DaimlerChrysler aims for the cleanest diesel
Posted: 06 February 2006
DaimlerChrysler will expand the use of clean, renewable biodiesel fuel by approving use of 20 per cent biodiesel in Dodge Ram pickup trucks. This design, requiring the use of biodiesel that meets US military fuel specification will be seen in the 2007 model.

:: Intelligent Energy 2006 to put digital age challenges under the spotlight
Posted: 06 February 2006
The main opportunity for the upstream industry to radically improve oil field performance is in the adoption of digital-age technologies. The challenge will be to achieve effective integration of these applications with the different work-flows and areas of activity that exist in the oil and gas sector.

:: DNV opens in Libya
Posted: 06 February 2006
The sanctions regime imposed on Libya in the past by the United States and the United Nations has to a large degree now been withdrawn. As a consequence, DNV wishes to assist the oil and gas industry players in safeguarding life, property and the environment in Libya as it does in some other 100 countries, DNV says in a statement.

:: Opec to maintain current production level
Posted: 06 February 2006
The sanctions regime imposed on Libya in the past by the United States and the United Nations has to a large degree now been withdrawn. As a consequence, DNV wishes to assist the oil and gas industry players in safeguarding life, property and the environment in Libya as it does in some other 100 countries, DNV says in a statement.

:: Cooperating on technology development
Posted: 06 February 2006
An agreement has been concluded by Statoil with a consortium of suppliers consisting of ABB, IBM, Aker Kværner and SKF to develop new technology for more efficient operation of oil and gas fields. The technology is also to be used for new field development projects.

:: Ferguson Modular to provide Transocean with with nine offshore accommodation modules
Posted: 06 February 2006
Leading offshore accommodation provider Ferguson Modular has secured a major contract worth almost £1 million to provide Transocean with nine offshore accommodation modules for their deepwater semi submersible drilling rig the Sedco 709.

:: Tests for world’s largest nitrogen compression train completed
Posted: 06 February 2006
GE’s Oil and Gas business has completed tests on the nitrogen compression train for the Qatargas II liquefied natural gas (LNG) project, a joint venture between Qatar Petroleum and ExxonMobil.

:: US to cut Middle East oil imports by 75% - Bush
Posted: 02 February 2006
President George W Bush called for slashing US oil imports from the Middle East by more than 75 per cent by 2025, in what he called a “great US goal”. This statement was accepted by the audience with an immediate applause.

:: Environmental activists protest the building of the world’s biggest oil pipeline
Posted: 02 February 2006
Greenpeace activists protested at the headquarters of a Russian government agency accusing it of trying to silence its own environmental experts who are opposed to plans for the world's biggest oil pipeline, scheduled to be built through a World Heritage Site around Lake Baikal.

:: ENOC Singapore subsidiary wins ‘Asia Pacific Oil and Gas Deal of the Year’
Posted: 01 February 2006
The Horizon Singapore Terminals Private Limited (HSTPL) financing, an ENOC subsidiary won the Asia Pacific Oil and Gas Deal of the Year 2005.

:: Iraq oil minister resigned for the second time in a month
Posted: 01 February 2006
Iraqi Oil Minister Ibrahim Bahr al-Uloum resigned Tuesday for the second time within a month amid public anger over increased oil prices, according to Oil Ministry spokesman Assem Jihad.

:: Latest cabling innovations at Wire 2006
Posted: 01 February 2006
Borealis, a leading provider of polyolefin compounds for the global wire and cable industry, will showcase state-of-the-art polyolefin compounds solutions to visitors of Wire 2006, from April 24-28 in Düsseldorf, Germany.