:: Contracts Signed on Yanbu' Gas Project
Posted: 27 April 2006
Saudi Aramco and the Egyptian company Engineering for Petroleum and Process Industries (ENPPI) recently celebrated the signing of the lump-sum turnkey contract to further expand Saudi Aramco's growing feedstock supply for the petrochemical industry.

:: Iraq oil hit by graft and attacks
Posted: 27 April 2006
Iraq's oil industry is being crippled by corruption at a time when insurgents have stepped up attacks on the nation's infrastructure, a report has claimed.

:: President Of The People's Republic Of China visit SABIC Headquarters
Posted: 26 April 2006
As part of his official visit to the Kingdom of Saudi Arabia, the Pr esident of the People's Republic of China, His Excellency Hu Jintao, paid a visit to SABIC Headquarters in Riyadh where he was received by His Highness Pr ince Saud bin Thunayan Al-Saud, Chairman, Royal Commission for Jubail and Yanbu and Chairman, Saudi Basic Industries Corporation (SABIC), Mr. Mohamed Al-Mady, SABIC's Vice Chairman and CEO and other executive management.

:: Johnson Matthey Acquires Process Diagnostics Division of Quest TruTec
Posted: 26 April 2006
Johnson Matthey Plc announced that it has acquired the Process Diagnostics Division of Quest TruTec, LP (“QTT”). With immediate effect, the staff and assets of the business will be merged with the Tracerco business, part of Johnson Matthey’s Catalysts Division, and the combined company will trade using the Tracerco name.

:: Sabic Embarks On Major Expansion Program In Asia
Posted: 26 April 2006
SABIC is embarking on a major expansion program in Asia Pacific, especially in China - the world's largest plastic market. In tandem with its expansion plans, SABIC is finalizing plans to set up a fully registered company - SABIC China, and other offices in Beijing, southern China, Jakarta, Melbourne and Ho Chi Minh City.

:: Dana Gas names advisory board
Posted: 25 April 2006
Dana Gas, Gulf’s first regional private natural gas company has named members of its International Advisory Board. ate danger of running out of oil and gas, a senior oil and gas executive said.

:: SABIC approves $2.5 billion dividends to 2005 shareholders
Posted: 25 April 2006
Saudi Basic Industries Corporation’s (SABIC) extraordinary general assembly has approved an increase of corporate capital to $ 6.7 billion by distributing one share for each four shares held to shareholders on record.

:: Keppel to deliver another KFELS B Class jackup on time
Posted: 25 April 2006
Keppel Fels said it will deliver a jackup to a wholly-owned subsidiary of SeaDrill on time and within budget. This is the third KFELS B Class rig that Keppel has completed within the first four months of 2006.

:: Volatility ensures security
Posted: 24 April 2006
SINCE 2000, oil prices have more than doubled from about $30 a barrel to more than $70. But this high oil price scenario does not translate that the world is in immediate danger of running out of oil and gas, a senior oil and gas executive said.

:: Baker Hughes sells 30%stake in WesternGeco
Posted: 24 April 2006
Houston-based Baker Hughes has signed an agreement to sell its 30% minority interest in WesternGeco, a seismic venture jointly owned with Schlumberger Limited, to Schlumberger for $2.4 billion in cash. The sale is expected to be completed by the end of this month.

:: Sasol to launch first commercial-scale GTL plant in Qatar
Posted: 24 April 2006
Sasol is set to launch the world's first commercial-scale gas-to-liquids (GTL) plant in Qatar on June 6, pumping 34,000 barrels per day of diesel.

:: Bapco goes green
Posted: 24 April 2006
Bahrain Petroleum Company ( Bapco) has signed a $140 million engineering, procurement and construction contract with Foster Wheeler to reduce sulphur hydrogen at its refinery.

:: BP seeks active involvement in Abu Dhabi’s renewable initiative
Posted: 24 April 2006
The Al Masdar Renewable Energy Initiative was officially launched in Abu Dhabi, United Arab Emirates yesterday.

:: Qatar plans $800 million gas refinery
Posted: 24 April 2006
Qatar has laid the foundation stone for an $800 million gas refinery described by its owners as one of the largest being built in the world.

:: Offshore petroleum industry commits to environment
Posted: 24 April 2006
Companies exploring for oil and gas within New Zealand's EEZ have agreed to work according to best practice environmental guidelines, Environment Minister David Benson-Pope said.

:: Technip awarded pipeline contract by BG Trinidad and Tobago
Posted: 24 April 2006
Technip has been awarded a contract by BG Trinidad and Tobago for the flowlines(1), risers(2), and umbilicals(3) for the North Coast Marine Area (NCMA) Development, offshore Trinidad.

:: Standardisation in subsea developments met with enthusiasm
Posted: 24 April 2006
More than 50 oil and gas industry subsea professionals gathered in Aberdeen recently for the world’s first demonstration of newly-developed interface standardisation between intelligent wells and subsea systems (IWIS) for the global oil and gas industry.

:: Sondex gains Queen’s Award for International Trade
Posted: 24 April 2006
Sondex, the UK-based oilfield technology group, has gained the Queen’s Award for International Trade in recognition of its export achievement.

:: KBR to design, build and operate ammonia plant in Egypt
Posted: 24 April 2006
KBR, the engineering, construction and services subsidiary of Halliburton has been selected to build and operate Egypt Basic Industries Corporation’s (EBIC) new ammonia plant using the company’s proprietary ammonia technology, KAAP (KBR Advanced Ammonia Process).

:: Industry’s first fully integrated real time decision centre
Posted: 24 April 2006
Halliburton's Digital and Consulting Solutions (DCS) Division recently opened the industry's first completely integrated and fully digital Real Time Decision Center (RTDC). This new state-of-the-art facility enables a new level of collaboration by breaking down the silos between traditional visu alization and operation centers and brings all the hardware, software and people into one place for effective decision-making.