:: Robust response
Posted: 21 August 2006
The $248 million initial public offering of UAE's Gulf Navigation Holding was oversubscribed 3.5 times and raised $844 million, said Shuaa Capital, the advisor to the issue.

:: Held hostage or hi-jacked?
Posted: 21 August 2006
Grup Servicii Petroliere (GSP) denied accusations that it hi-jacked its own rig from Iran, saying it has the rights to move the rig to Sharjah in United Arab Emirates.

:: KBR Venture teams up with Shell for Pearl GTL
Posted: 21 August 2006
KBR has signed a contract to provide project management and cost-reimbursable engineering, procurement and construction management (EPCM) services to Qatar Shell GTL Limited, for the Pearl GTL project.

:: J. Ray McDermott awarded contract for Qatar Pearl GTL project
Posted: 21 August 2006
J. Ray McDermott Eastern Hemisphere Limited, a subsidiary of J. Ray McDermott, signed a contract with Shell Qatar GTL Limited to engineer, construct, transport, install hook-up and pre-commission two wellhead platforms in Qatar's North Field.

:: Indago enters joint concession with Ras Al Khaimah
Posted: 21 August 2006
Indago has entered into a new Petroleum Concession Agreement with the Government of Ras Al Khaimah , in addition to a Joint Operating Agreement with its partner in this venture, the Ras Al Khaimah Gas Commission (Rakgas), a Government company.

:: Gastech and Pipeline Magazine to bring IT Zone
Posted: 21 August 2006
Gastech and Pipeline magazine announced the launch of Gastech IT ZONE, a new addition to Gastech in Abu Dhabi on 4-7 December.

:: Invensys awarded automation contract for Qatar's refinery
Posted: 21 August 2006
GSEC of Seoul, Korea, has awarded Invensys Process Systems a multimillion dollar automation contract to provide an integrated process control, safety, asset management, and plant information system solution for the grassroots Laffan Refinery.

:: 25% increase on supply capacity by 2015 - Cera
Posted: 21 August 2006
Global oil and liquids supply capacity could increase as much as 25% by 2015, with unconventional sources, according to Cambridge Energy Research Associates (CERA).

:: TGS-NOPEC to Survey El Louza
Posted: 21 August 2006
TGS-NOPEC Geophysical Company said that it will acquire a new multi-client 3D survey offshore Tunisia in the El Louza block.

:: Toyo and Hyundai Win LPU Project for Pearl GTL
Posted: 21 August 2006
Toyo Engineering Corp. and Hyundai Engineering and Construction Co. Ltd. have jointly received a lump-sum contract for the engineering, procurement, and construction of a 140,000-bpd liquid processing unit (LPU) for Qatar Shell GTL Limited at Ras Laffan in Qatar.

:: Yam Tethys partners to supply more gas to IEC
Posted: 21 August 2006
Tel Aviv-based The Delek Group said that its subsidiary Delek Drillings - Limited Partnership and Avner Oil Exploration - Limited Partnership on Tuesday signed an amendment to their gas sale and purchase agreement with the Israel Electricity Company (IEC) under the Yam Tethys project.

:: Circle and Fugro complete Oman block 49 survey
Posted: 21 August 2006
Circle Oil plc, the international oil and gas exploration and development group, said that Circle Oil Oman Ltd, its wholly owned subsidiary and Fugro Aerosurveys, Johannesburg, S.A., have successfully completed a 4800 kilometer airborne survey of the gravity and magnetic fields over Block 49 in western Oman.

:: J. Ray to build 16 deck modules for Saudi Aramco
Posted: 21 August 2006
J. Ray McDermott , S.A. (J. Ray) announced that one of its subsidiaries has won a new contract from Saudi Aramco to supply 16 Production Deck Modules (PDMs) for Saudi Arabia's offshore fields.

:: Honeywell awarded GTL automation contract
Posted: 21 August 2006
Honeywell was selected by Qatar Shell to design and implement the integrated process automation and control system for Pearl GTL project.

:: SCAN launches first 3D production
Posted: 21 August 2006
SCAN Geophysical on Thursday said that it has successfully--and according to plan--commenced its first 3D seismic production with the vessel M/V Scan Resolution.

:: MedOil launches Lonza Survey
Posted: 21 August 2006
The Directors of MedOil plc, the oil and gas exploration company geographically focused on southern Europe and North Africa, are pleased to announce that the 3-D seismic survey at its Louza Permit in Tunisia has now commenced.

:: BP buys US wind company
Posted: 21 August 2006
BP has purchased Greenlight Energy, Inc., a US-based developer of wind power generation projects. The purchase will allow BP to accelerate its plans to develop a leading wind power business in North America.

:: Offshore accommodation specialists announce contract with BHP Billiton
Posted: 21 August 2006
Ferguson Modular, the offshore accommodation specialists have announced a substantial hire contract with Australian operator BHP Billiton for the supply of a nine module accommodation complex on Halliburton's Irish Sea Pioneer Jack-up rig.