:: Experts warn of near-term crash in crude tanker market
Posted: 19 February 2007
Contrary to seasonal fluctuations, crude tanker rates fell from unusually high levels during the fall of last year. The scenario is not getting any better.

:: MIS wins new contracts for sour gas services
Posted: 19 February 2007
MIS has been awarded three contracts—from Saipem, Statoil, and National Iranian Drilling Co. (NIDC)-- for its Sunbelt H2S and Safety Services Group.

:: Lukoil, Qatar Petroleum agree to explore collaborations
Posted: 19 February 2007
During the visit of Russian President Vladimir Putin to Qatar , Qatar Petroleum Chairman and Managing Director Abdullah Bin Hamad Al-Attiyah and Lukoil President Vagit Alekperov signed a Memorandum of Understanding in Doha on Monday regarding cooperation in the areas of exploration, development and recovery of oil and gas fields.

:: Gas cartel not feasible
Posted: 19 February 2007
An Opec-type body is not feasible for gas producers because oil and gas are two different commodities and cannot have the same price mechanism, an energy expert said.

:: Gasco awards contract
Posted: 19 February 2007
The Abu Dhabi Gas Industries Ltd. (Gasco) has confirmed the award of the contract for Engineering, Procurement, Construction and pre-commissioning works for its Offshore Associated Gases (OAG) Package 2 - Offshore Pipeline Project to M/s National Petroleum Construction Company (NPCC) at a lump sum price of US$241 Million (Dh870 dirhams).

:: Lamprell confirms $224 million contracts from Seajacks
Posted: 19 February 2007
Lamprell plc announced that its contracts from Seajacks International Limited for the construction of two harsh environment self propelled four legged jackup vessels have now come into effect following Seajacks' successful fund raising. The contracts were first announced last February 1, 200 .

:: GCC Energy Fund buys in district cooling business
Posted: 19 February 2007
The GCC Energy Fund has entered into the district cooling business by taking a 50 per cent stake in a joint venture with US-based The Stellar Companies (Stellar).

:: Saipem’s recent wins valued over one billion euro
Posted: 19 February 2007
Through its subsidiary Snamprogetti, Saipem has been awarded two new onshore contracts in Saudi Arabia and Tunisia . The third contract is for the installation of a marine pipeline system, to facilitate the transportation of natural gas from Algeria to Spain across the Mediterranean Sea . These new worth in excess of 1 billion euro.

:: Honeywell wins $13.5 million Dophin contract
Posted: 19 February 2007
Honeywell has won a $13.5 million contract for a Manufacturing Execution System for UAE's Dolphin Energy.

:: Danagas plans Egyptian expansion
Posted: 19 February 2007
Dana Gas, the Middle East 's first regional private-sector natural gas company, has become the sixth highest gas producer in Egypt , through the activities of its exploration and production subsidiary, Centurion Energy. The company is also among the nine highest producing companies by production of barrels of oil equivalent (boe), out of the 64 companies active in Egypt 's oil & gas sector.

:: Aramco signs long-term deal for support vessels
Posted: 19 February 2007
Saudi Aramco has signed long-term contracts totaling more than $600 million for support vessels.

:: BJ Process & Pipeline opens new base in Qatar
Posted: 19 February 2007
BJ Process and Pipeline Services (BJ PPS) has opened a new base of operations in Doha , Qatar . The base joins BJ PPS facilities throughout the Middle East in Dubai , United Arab Emirates and Damman , Saudi Arabia . It will serve as the centre of operations for all BJ PPS activities in Qatar.

:: Emerald reports disappointing result for Syrian well
Posted: 19 February 2007
Emerald Energy Plc issued an update on the Tigris No.1 exploration well in Block 26, Syria.

:: Libya approves third bidding round outcome
Posted: 19 February 2007
Libya's Board of Oil and Gas Affairs has approved the outcome of the Third Bidding Round for oil and gas exploration (through EPSA agreements), which took place on Dec. 20, 2006, and resulted in the award of 10 onshore and offshore blocks.

:: PTTEP reaches milestone in Oman
Posted: 19 February 2007
PTT Exploration and Production Public Company Limited or PTTEP, the Operator of Oman 44 project, on February 10 began producing natural gas and condensate from Shams Field in the Sultanate of Oman.

:: Dugong study expanded
Posted: 19 February 2007
Total Abu Al Bukhoosh and Environment Agency Abu Dhabi (EAD) signed an agreement to monitor and study the dugongs in the UAE.