:: Dubai offshore oil fields transition to new operator
Posted: 14 August 2006
Effective April 2007, Dubai Petroleum Company (DPC) will end its role as operator of Dubai offshore oilfields. This marks the end of Dubai 's first offshore oil concession and beginning of a new phase in which the Dubai will directly control its offshore oil resources.

:: RasGas II implements sales of remaining LNG to Petronet
Posted: 14 August 2006
RasGas II announced plans to implement sales of 2.5 million tonnes per year (Mta) of LNG to Petronet LNG Limited ( India), completing a 7.5-Mta sales agreement it had signed in 1999.

:: Hyundai, Shell sign letter of intent for GTL project in Qatar
Posted: 14 August 2006
Hyundai Heavy Industries Co., Ltd. (HHI) said that it has signed a letter of intent with Qatar Shell GTL Limited, a Royal Dutch Shell plc subsidiary, for the engineering, procurement, and construction (EPC) for the feed gas preparation works of the Pearl GTL Project. HHI will perform the work in a consortium with Chiyoda Corp. called CHC.

:: Aban wins work offshore Qatar
Posted: 14 August 2006
Aban Loyd Chiles Offshore Ltd reports that the Aban VII has received a contract from ONGC Videsh for development project offshore Qatar.

:: BP shuts down Prudhoe Bay Oil Field
Posted: 14 August 2006
BP Exploration Alaska, Inc. has begun an orderly and phased shutdown of the Prudhoe Bay oil field following the discovery of unexpectedly severe corrosion and a small spill from a Prudhoe Bay oil transit line. Shutting down the field will take days to complete.

:: Fujitsu Siemens awarded Adco workstations deal
Posted: 14 August 2006
Fujitsu Siemens Computers was awarded a supply contract by Abu Dhabi Company for Onshore Oil Operators (Adco) for the delivery and installation of 30 workstations with 60 Scenicview P20-2 high-end 20 inch monitors.

:: Computer centre wins Hariri Prize
Posted: 14 August 2006
Saudi Aramco's EXPEC Computer Center (ECC) recently scored yet another distinction to add to its growing collection.

:: Stratic positions first Tripod over Akkaya
Posted: 14 August 2006
To coincide with information released Tuesday by Toreador, operator of Stratic Energy Corp.'s gas development project in the South Akcakoca Sub-Basin of the Black Sea, cffshore Turkey, Stratic announces the following:

:: Arab Oil and Gas Show to explore gas
Posted: 14 August 2006
The 13th Arab Oil and Gas Show (OGS 2006) is looking to cater to a rapidly growing industrial gases sector in the region by hosting exhibitors with lateral and vertical product and process offerings for the sector.

:: Two Rowan jackups to leave the Gulf of Mexico for Qatar
Posted: 14 August 2006
Rowan Companies has been awarded term drilling contracts for two Class 116-C jack-up drilling rigs to begin operating offshore Qatar in late 2006 or early 2007.

:: Sabic decides against bidding for the Egyptian Suez steel plant
Posted: 14 August 2006
Further to earlier local newspaper reports implicating Saudi Arabian Basic Industries Corporation (SABIC) in a bidding competition to own the Suez Steel Factory in Egypt .

:: Workshop pushes boundaries of flexible pipe engineering
Posted: 14 August 2006
Representatives from twenty oil and gas companies from around the world met in Rio recently to examine standards for flexible pipe in light of increasing use especially in challenging conditions, introduction of new technology and lessons learnt from operational experience.

:: Contract awarded to Halliburton
Posted: 14 August 2006
Hydro has entered into a contract with the company Halliburton regarding delivery of equipment and services for carrying out coiled tubing operations on the Norwegian continental shelf. The framework agreement is v alid for all Hydro-operated offshore installations.

:: Emerson to automate Total’s FPSO
Posted: 14 August 2006
Emerson Process Management was chosen as main automation contractor for Total’s Akpo Floating, Production, Storage and Offloading (FPSO) vessel of the Akpo field development. The Akpo field is located 200 kilometres off the coast of Nigeria in water depths of 1100 to 1700 metres.

:: Sondex establishes new drilling tools company
Posted: 14 August 2006
Sondex plc, a leading international technology supplier to the oil and gas industry, has formed a new company – Sondex Drilling Tools Inc – to embrace its broad range of measurement while drilling (MWD) and logging while drilling (LWD) instruments.

:: Milchovich to continue as Foster Wheeler CEO
Posted: 14 August 2006
Foster Wheeler announced that Raymond J. Milchovich, chairman, president and chief executive officer of Foster Wheeler Ltd., has signed a new agreement, effective August 11, 2006, to continue to lead the Company. Mr. Milchovich joined Foster Wheeler in October 2001.

:: Keppel lands first drilling rig contract for Brazil at $270 million
Posted: 14 August 2006
Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel FELS Limited (Keppel FELS), has secured a groundbreaking contract to design and build its first drilling rig for deployment in Brazilian waters.