:: Abu Dhabi gas injection deal
Posted: 01 January 2007
The Abu Dhabi Marine Operating Company (Adma-Opco) has signed a deal with South Korea ’s Hyundai for gas injection to boost the production of Umm Shaif oilfield.

:: Statoil to operate another block offshore Egypt
Posted: 01 January 2007
A working interest offered to Statoil in a deepwater block off Egypt marks the second award of exploration acreage recently secured by the group in this North African country.

:: POGC inks rig deal with two domestic companies
Posted: 01 January 2007
The Pars Oil and Gas Company (POGC) has signed a contract for the construction and lease of two drilling rigs with two domestic companies.

:: Mubadala Development Awards Oger Abu Dhabi to Build the UAE University’s New Campus
Posted: 01 January 2007
Mubadala Development Company on Tuesday selected Oger Abu Dhabi LLC for the AED 1.5 billion construction package of UAE University ’s new campus development in the city of Al Ain . Al Hikma Development Company, a subsidiary of Mubadala Development, is mandated to develop and deliver the new campus on a BOOT (Build Own Operate and Transfer) basis.

:: OMV starts oil production in Yemen
Posted: 01 January 2007
OMV, leading oil and gas group in Central Europe, started oil production with early production facilities in Block S2 (Al Uqlah) in Yemen on December 21, 2006. Initially, the daily production rate of the first production well Kharwah-1 is approx. 1,000 barrels (bbl). The further development of the oil field, operated by OMV, is carried out in two phases.

:: Centurion and Shell end LNG Deal
Posted: 01 January 2007
Centurion Energy International Inc. said that Shell West Manzala GmbH and Shell West Qantara GmbH (collectively, "Shell") and Centurion have agreed to terminate the West Manzala and West Qantara Farm-in and LNG Co-operation Agreement. Accordingly, Centurion will gain ownership of a 100% working interest in these highly prospective exploration concessions.

:: ADNOC Distribution enters Saudi market
Posted: 01 January 2007
ADNOC Distribution had signed a Memorandum of Understanding (MoU) with the Saudi Al Alaibi Corporation, a major supplier of petroleum products, to build a network of its model fuelling stations in Saudi Arabia .

:: Gazprom wins offshore Libya acreage
Posted: 01 January 2007
Last December 20 Gazprom was declared as the hydrocarbon exploration & development tender winner for Block 19 situated in Libya 's Mediterranean Sea offshore. With 45 bidders involved, the tender was organized by the Libyan National Oil Corporation (NOC).

:: SABIC completes purchase of Huntsman’s UK chemicals business
Posted: 01 January 2007
Mohamed Al-Mady, Vice Chairman and CEO of Saudi Basic Industries Corporation (SABIC) and Peter Huntsman, President and CEO of Huntsman Corporation has announced the completion of the purchase of Huntsman’s UK Base Chemicals and Polymers business.

:: Joining up
Posted: 01 January 2007
Dana Gas, the Middle East 's first regional private-sector natural gas company, has joined the International Gas Union.

:: Verenex completes drilling on Libyan well
Posted: 01 January 2007
Verenex Energy Inc. said that its first exploration well in Libya , A1-47/02 in Contract Area 47, has reached total depth of 11,550 feet and has been cased to bottom after finding indications of oil and gas in the Lower Acacus and Memouniat Formations.

:: Port of Rotterdam Authority grants 4Gas LNG Site
Posted: 01 January 2007
4Gas, independent global developer and operator of import terminals for liquefied natural gas (LNG), has reached two milestones in the development of its LionGas LNG terminal in Rotterdam . This week 4Gas secured a land use agreement with the Port of Rotterdam Authority for leasing two adjacent plots of prime development land at the mouth of the Port of Rotterdam.

:: Leaders of International Oil and Gas Industry to meet In Dubai
Posted: 01 January 2007
The Society of Petroleum Engineers (SPE), the European Association of Geoscientists and Engineers (EAGE), the Society of Exploration Geophysicists (SEG) and the American Association of Petroleum Geologists (AAPG) – the world’s four largest representative bodies of energy and petroleum professionals – have elected to move their major biennial international conference to Dubai in 2007, hosting the event at the Dubai International Convention and Exhibition Centre (DICEC).

:: DNO ups working interest in Kurdistan PSA
Posted: 01 January 2007
DNO ASA said that it has reached an agreement with the Kurdistan Regional Government (KRG) in Northern Iraq that will give the company responsibility for 100% of the funding obligations of the production sharing agreements (PSAs). In exchange, DNO will pick up an additional 15% working interest. The deal has been finalized and signed.