:: GIB arranges $234.5 million refinancing facility for Oman gas
Posted: 18 September 2006
Gulf International Bank (GIB) has arranged a $ 234.5 million loan for Oman Gas Company. The loan agreement was signed on Tuesday. GIB was the original mandated lead arranger/sole underwriter, facility agent and security trustee of this transaction.

:: Middle east energy oscars expand: Gas sector gets individual recognition
Posted: 18 September 2006
The Excellence in Energy Awards 2006 – the sixth in the Middle East’s annual industry ‘Oscars’ – have been expanded to create a dedicated honour for the region’s rapidly developing gas sector.

:: Yemen foiled oil plots
Posted: 18 September 2006
Suicide bombers failed to blow up two of Yemen ’s oil installations on Friday. The four attackers and one security guard died.

:: Aramco discovers gas
Posted: 18 September 2006
Saudi Aramco has discovered a new gas field south of Ghawar in the Eastern Province of Saudi Arabia.

:: Calvalley logs oil pay in Yemen at South Hiswah 1
Posted: 18 September 2006
Calvalley Petroleum has made a new oil pool discovery south of the existing Hiswah field in Yemen . The exploration well, "South Hiswah 1" encountered 32 meters of oil bearing reservoir in the Saar-Naifa formation and was verified by an independent petrophysical analysis.

:: Dana Gas opens new headquarters in Sharjah
Posted: 18 September 2006
Dana Gas, the first regional private sector natural gas resource enterprise established in the Gulf inaugurated its new corporate headquarters in the Emirate of Sharjah, United Arab Emirates .

:: Statoil and Pertamina sign co-operation deal
Posted: 18 September 2006
A memorandum of understanding was signed by the Indonesian national oil and gas company PT Pertamina (Persero) and Statoil, covering cooperation between the two companies.

:: Al-Naimi highlights future investments
Posted: 18 September 2006
Minister of Petroleum and Mineral Resources Ali I. Al-Naimi highlighted Saudi Arabia 's oil and gas investment outlook and strategies in a speech Sept. 12 at the third International Seminar of the Organization of Petroleum Exporting Countries (OPEC) at Vienna 's Hofburg Palace.

:: Plastics under the spotlight
Posted: 18 September 2006
Borouge and Borealis highlighted the positive contribution of plastics in potable water distribution.

:: BP, Gazprom in LNG supply deal
Posted: 18 September 2006
BP and Gazprom Marketing & Trading, the UK subsidiary of energy giant OAO Gazprom, said it had reached an agreement with BP to supply a number of liquefied natural gas (LNG) cargoes which Gazprom will market in the Atlantic Basin.

:: Technology key to boosting reserves
Posted: 18 September 2006
Noting that overcoming technological hurdles is nothing new to the oil industry, Saudi Aramco president and chief executive officer Abdallah S. Jum'ah said Wednesday he was confident that industry professionals could find trillions of additional barrels of producible potential through continued technological advances.

:: Otto Energy starts Turkish seismic
Posted: 18 September 2006
Otto Energy has started the 2006 seismic survey in the Edirne License of the onshore Thrace Basin of Western (European) Turkey .

:: Eni buys 50% of Trans Anadolu Pipeline Company
Posted: 18 September 2006
Eni and Calik have entered into an agreement regarding Eni's acquisition of 50% of the shares in Trans Anadolu Pipeline Company, a subsidiary of Calik incorporated in Turkey , which the parties intend to use for the implementation and operation of the Trans Anadolu Pipeline (TAP) Project.

:: Real-time intelligence to oil and gas
Posted: 18 September 2006
Cartasite Inc., a leading developer of realtime operational intelligence for a variety of industries has signed an exclusive agreement to license the National Well Database provided by WhiteStar Corporation for use in Cartasite fleet and asset management applications.

:: Foster Wheeler wins BP Spanish coker heater contract
Posted: 18 September 2006
Foster Wheeler Iberia, was awarded a contract by BP for the thermal design, engineering, procurement and material supply of a 43.5 megawatt double-fired Terrace-Wall delayed coker heater for a new delayed coker to be built at BP's Castellon Refinery in Spain.

:: Nexen's operations in Yemen unaffected by attack on oil terminal
Posted: 18 September 2006
During the early morning of September 15, the Nexen operated Ash Shihr oil export terminal in the Republic of Yemen was assaulted by two explosive laden vehicles. One worker was killed in the attack and two others received minor injuries.

:: Emerald begins Tigris prospect
Posted: 18 September 2006
Emerald Energy has begun drilling on the Tigris prospect located in the northeast region of Block 26 directly underlying the Souedieh Field, the largest known oil field in Syria . The Tigris No.1 exploration well is expected to take 90 to 120 days to drill and evaluate. It will be a vertical well drilled to an approximate depth of 4,500 meters.