:: ADNOC Bags Overall Excellence in Energy Award
Posted: 11 December 2006
The Abu Dhabi National Oil Company (ADNOC) has won the Excellence in Energy’s top award following an oil and gas industry poll.

:: GCC Energy Fund takes 33% stake in Gulmar Offshore
Posted: 11 December 2006
The GCC Energy Fund, the region’s leading private equity fund for the energy sector, has acquired a 33% equity stake in Sharjah-based Gulmar Offshore Group.

:: Total hops aboard Qatargas II train
Posted: 11 December 2006
Total signed the final agreement formalizing the acquisition by Total of a 16.7% equity participating interest in the second train of Qatargas II. This agreement follows the signature of sale and purchase agreements under which Total will purchase up to 5.2 million metric tonnes of LNG per year from Qatargas II for a period of 25 years.

:: GE chosen for Oman expansion
Posted: 11 December 2006
GE Oil & Gas has been awarded two separate contracts to supply centrifugal compressors for two Petroleum Development Oman (PDO) projects: one in the Saih Rawl gas field of Central Oman, and the other in the Harweel oil field of South Oman.

:: J. Ray McDermott awarded contract by Maersk
Posted: 11 December 2006
J. Ray McDermott , S.A. (J. Ray) announces the award of a contract by Maersk Oil Qatar to engineer, procure, construct, and install two wellhead decks for the Block 5 Field Development Plan 2005 project.

:: Siemens launches Regional Business Centre for ME Oil and Gas industry
Posted: 11 December 2006
Siemens has launched an ambitious plan to consolidate its presence in the oil and gas industry in the GCC region with the launch of a specialist regional business centre (RBC) for the sector.

:: TGS in offshore Oman survey
Posted: 11 December 2006
Norwegian seismic surveyor TGS-Nopec said it had begun to carry out a 6,000 km, multi-client, two-dimensional seismic survey offshore Oman .

:: Yemen awards PSAs for eight oil blocks
Posted: 11 December 2006
Yemen said it awarded five international oil companies production sharing agreements on eight blocks in the non-Opec oil producer.

:: Asia Pacific’s oil bill more than doubles
Posted: 11 December 2006
A surge in oil consumption coupled with rising oil prices has caused the Asia Pacific region's oil import bill to rise by 133% since 2000 to reach $287 billion in 2005, says an expert at Offshore South East Asia (OSEA 2006) conference.

:: High Arctic launches $ 3.5 million facility at Hamriyah Free Zone
Posted: 11 December 2006
High Arctic Energy Services L.L.C., an international leader in specialized underbalanced oilfield drilling (UBD) and production services, announced its $ 3.5 million facility in Sharjah’s Hamriyah Free Zone has officially opened for business. The facility will primarily be utilized to design, develop and build combination drilling, workover and snubbing rigs.

:: Breaking down technology barriers in Adco
Posted: 11 December 2006
New ground is being broken with the installation of the largest and fastest single image computer in the Middle East at the Abu Dhabi Company for Onshore Oil Cooperation (Adco).

:: Al Attiyah urges Iran to resolve UAE's islands issue
Posted: 11 December 2006
Iranian occupation of UAE's three islands of Greater and Lesser Tunbs and Abu Musa will be high on the agenda of GCC summit, named the Jaber Summit, which started in Riyadh on Saturday, said Abdul Rahman Al Attiyah, GCC Secretary General.

:: ADNOC Distribution cuts diesel prices by 20 fils
Posted: 11 December 2006
The Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) announced today that it would slash diesel prices by 20 fils per a gallon. An official source at the company said the decision will be effective from tomorrow Sunday, December 10th, 2006 .

:: Over 700 companies to exhibit at Arabplast, Tekno/Tube Arabia 2007
Posted: 11 December 2006
More than 700 companies, featuring some of the latest world-class technology will impress visitors to Arabplast 2007, the Middle East’s leading international plastic and rubber trade exhibition and Tekno/Tube Arabia a leading trade fair for industrial machinery, metalworking, machine tools, tubes and pipes exhibitions run concurrently from January 13 to 16 2007 at the Dubai International Exhibition Centre.

:: Major artificial lift forum set in February in Muscat
Posted: 11 December 2006
The 4th Middle East Artificial Lift Forum (MEALF) will be held on February 19-20, 2007 at the Shangri-La Barr Al-Jissah Resort & Spa in Muscat , with Omanexpo LLC serving as the official event manager.

:: Huntsman celebrates use of Araldite in 100th LNG ship
Posted: 11 December 2006
Araldite LNG adhesives from Huntsman Advanced Materials are being employed by world reputable shipyards, including Samsung Heavy Industries in the construction of a brand new Liquified Natural Gas (LNG) ship. The vessel is the 100th of its kind to employ Araldite adhesives and to be built for use in the global LNG industry.

:: Keppel enhances leadership position in jackup rigs with US$371 m contract
Posted: 11 December 2006
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a US$371 million contract to construct the first KFELS N Class jackup rig for ProdJack AS, a member of the Skeie Group.

:: ExxonMobil to explore deepwater off Philippine Islands
Posted: 11 December 2006
Exxon Mobil Corporation’s subsidiary, Esso Exploration International Limited, and Mitra Energy Limited (MEL) have entered into an agreement to explore for hydrocarbons in the deepwater Sandakan Basin southwest of the Philippine Islands.

:: Fosroc Nukote to triple polyurea sales in 2007
Posted: 11 December 2006
Fosroc, a premier supplier of materials and coating solutions to the construction industry, announced its aims to triple sales into the construction and oil and gas sectors next year. The announcement comes on the back of positive business results year to date and the fact that Al-Gurg Fosroc, the company’s Dubai based entity, completed an impressive 100,000 square meters of polyurea coating this year in the Middle East.

:: Calvalley Issues Yemen Resource Estimate
Posted: 11 December 2006
Calvalley Petroleum Inc., an international junior oil and gas company based in Calgary , Alberta , reported that McDaniel & Associates Consultants Ltd. recently completed a resource estimate for Block 9 (100%) in the Republic of Yemen , some of the key results of which are highlighted below.