:: A great leap
Posted: 02 October 2006
Abu Dhabi is set for a major leap in gas production and processing in coming years, the chief executive of Abu Dhabi National Oil Company (Adnoc) said last month.

:: Abu Dhabi awards $1.6 billion contract to Hyundai Heavy Industries
Posted: 02 October 2006
Hyundai Heavy Industries (HHI) has received an order to build offshore oil production facilities, worth approximately$1.6 billion, the company announced.

:: Dana Gas acquires stake in Bahrain company and lead role in Egypt gas
Posted: 02 October 2006
Dana Gas, the Middle East’s first regional private-sector natural gas company on Saturday signed an agreement in Bahrain providing it with a controlling stake in a Bahraini-registered company, to be named Danagaz (Bahrain).

:: Khurais contracts go to Snamprogetti, Hyundai and Foster-Wheeler
Posted: 02 October 2006
Saudi Aramco has signed two contracts for development of its 1.2 million barrel-per-day Khurais Increment Programme.

:: Sabic acquires Huntsman Petrochemicals for $700 million in cash
Posted: 02 October 2006
SABIC is to acquire 100%of the shares of Huntsman European Base Chemicals and Polymers for $700 million in cash. After the completion of the deal, SABIC intends to complete the construction of the 400kpta capacity polyethylene (LDPE) plant in Wilton , Teeside at an investment cost of $150 million.

:: Exploration agreement in Iran
Posted: 02 October 2006
Hydro thas signed an exploration and development agreement with the National Iranian Oil Company (NIOC). The agreement covers the Khorramabad block in Lurestan province in south-western Iran .

:: Topaz subsidiary signs fabrication deal for a gas development in the UAE
Posted: 02 October 2006
Topaz Energy and Marine Ltd. Said its Abu Dhabi-based oil and gas subsidiary, Adyard LLC has been awarded a major contract from Atlantis Holding Norway AS, a wholly-owned subsidiary of Chinese giant Sinochem Corporation.

:: Statoil cuts 2006 oil production by 3%
Posted: 02 October 2006
Norwegian oil and gas company Statoil ASA (STO) Friday said it is modifying its target for oil and gas production in 2007 by about 3%.

:: Russian ESP Giant inks joint venture deal with Dubai's Petrocomp
Posted: 02 October 2006
One of Russia 's largest electrical submersible pump (ESP) manufacturers, Novomet, has entered a joint venture agreement with Dubai 's Petrocomp FZCO.

:: British Airways Links GCC to Canada’s Emerging oil and gas hub
Posted: 02 October 2006
The GCC is to have a new air link with Canada 's emerging energy province of Alberta with the launch, in December, of a five-times weekly British Airways' service from London Heathrow to Calgary - the gateway to the Canadian Rockies.

:: Borouge and Borealis to build innovation centre in the UAE
Posted: 02 October 2006
Borouge and Borealis, leading providers of value creating, innovative plastics solutions,has announced the establishment of a major innovation centre in the UAE. The centre represents a significant investment in Borouge’s research capabilities to meet customer needs in the Middle East and Asia Pacific regions.

:: BP plans $3 Billion project to refine more Canadian Heavy Crude Oil
Posted: 02 October 2006
BP has entered the final planning stage of a $3 billion investment in Canadian heavy crude oil processing at its Whiting Refinery located in northwest Indiana .

:: Honeywell to provide process and safety controls for Tasnee Petrochemicals in Saudi
Posted: 02 October 2006
Honeywell said it was awarded a $7 million contract to supply process and safety controls for Tasnee Petrochemicals' new ethylene plant in Saudi Arabia .

:: Algeria’s MLE field on track
Posted: 02 October 2006
First Calgary Petroleums says it is in the final stages of commercialixation discussions for the MLE Field and remains on track with its project timeline envisaging approval by the Algerian authorities of an Exploitation License Application in the second half of 2006, an engineering, procurement and construction contract in 2007 and first production in 2009.

:: Hydro considering aluminium production in Angola
Posted: 02 October 2006
Hydro is considering the possibilities of producing aluminium in Angola , as part of its strategy to position itself in countries with favourable conditions for future energy supply.