:: Dana Gas posts AED 812 million income for first year
Posted: 05 February 2007
Dana Gas, the Middle East 's first regional private-sector natural gas company, has posted preliminary results for its first annual reporting period of AED 812 million of net income, equating to 14 fils per share.

:: Aabar posts AED 92.84 million net profit
Posted: 05 February 2007
Aabar, the first listed oil and gas company in the Middle East announced a net profit of AED 92.84 million ($25.26 million) on revenues of AED 934.64 million for the year ended 31st December, 2006. Earnings per share were AED 10 fils.

:: Masdar brings advanced solar technologies to Abu Dhabi
Posted: 05 February 2007
Solar technologies are rapidly becoming a major focus worldwide as a sustainable energy source: and the Masdar Initiative, Abu Dhabi ’s landmark program in sustainable energy, is driving the adoption of advanced solar technologies here in the UAE.

:: GCC power grid to start in 2009
Posted: 05 February 2007
The first phase of a GCC-wide power grid will be up and running in early 2009.It is expected to save money, improve efficiency and reduce the chances of power cuts.

:: New Aabar CEO takes charge
Posted: 05 February 2007
Aabar appointed oil industry veteran David Woodward as Chief Executive Officer of the company. Woodward took charge last Feb 1.

:: Taqa assumes operation of BP Netherlands gas business
Posted: 05 February 2007
The Abu Dhabi National Energy Company (TAQA) said it has begun officially its management of newly acquired BP Netherlands gas exploration and production (E&P) assets, ideally positioning it in the heart of Europe’s burgeoning energy sector.

:: Mubadala awarded Algeria’s new 1227mw thermal power plant
Posted: 05 February 2007
Mubadala Development Company, an investment and development vehicle established and wholly owned by Abu Dhabi, announced the financial close on the $900 million development of a 1227 MW gas-fired thermal power plant in the province of Tipaza, Algeria.

:: Masdar spearheads carbon management in the region
Posted: 05 February 2007
Carbon management is a major thrust of the Masdar Initiative, the landmark economic development program of the Abu Dhabi government to promote advanced energy and sustainability.

:: Chevron’s net income down by 9%
Posted: 05 February 2007
Chevron reported preliminary net income of $3.77 billion ($1.74 per share - diluted) for the fourth quarter 2006, compared with $4.14 billion ($1.86 per share - diluted) in the 2005 fourth quarter.

:: Amiantit Group wins major contracts in Egypt
Posted: 05 February 2007
Continuing the long run of successful contract wins by its subsidiary companies and joint venture partnerships based outside the Kingdom, the Amiantit Group has announced major orders for its manufacturing facilities in Egypt .

:: GE Energy upgrades gas turbines
Posted: 05 February 2007
GE Energy’s aeroderivative business has announced a new upgrade for LM2500 and PGT25 gas turbines.

:: New joint oil company
Posted: 05 February 2007
Emirates International Investments, the Al Ain-based company, signed a Memorandum of Understanding (MoU) with Premier Oil, a multi national petroleum company to establish a joint oil company based in Abu Dhabi .

:: OMV increases sales in Pakistani gas field Sawan
Posted: 05 February 2007
OMV, Central Europe ’s leading oil and gas group, has increased the total gas sales in the Pakistani gas field Sawan from 56,700 boe/d (340 mn scf/d) to 66,700 boe/d (400 mn scf/d).

:: Andy Inglis is BP’s E&P chief
Posted: 05 February 2007
BP has appointed Andy Inglis as a managing director of the BP Group. He succeeds Tony Hayward as chief executive of BP's Exploration & Production (E&P) business. Both appointments are with immediate effect.

:: BP Egypt finds gas
Posted: 05 February 2007
BP Egypt said it has drilled a successful well, Giza North-1, in the North Alexandria concession held by BP, RWE Dea and EGPC/EGAS. The well encountered a significant gas accumulation as part of a large channel complex.

:: ENOC gives blood to children suffering from genetic disease
Posted: 05 February 2007
ENOC recently conducted a blood donation campaign in conjunction with Al Wasl Hospital. Held at ENOC House Auditorium with 59 donors from ENOC’s 30 subsidiaries participating, the blood drive proved to be an immense success.

:: Foster Wheeler elects Della Sala as president and chief
Posted: 05 February 2007
ENOC recently conducted a blood donation campaign in conjunction with Al Wasl Hospital. Held at ENOC House Auditorium with 59 donors from ENOC’s 30 subsidiaries participating, the blood drive proved to be an immense success.

:: Saudi Kayan signs contracts for new PP AND LDPE plants
Posted: 05 February 2007
Saudi Basic Industries Corporation (SABIC) affiliate, the Saudi Kayan Petrochemical Company (SAUDI KAYAN) signed Letters of Award with two companies on January 24, 2007 for the construction of new Polypropylene (PP) and Low Density Polyethylene (LDPE) plants at its complex in Al-Jubail Industrial City .

:: Shell’s new VP for innovation and chemicals technology
Posted: 05 February 2007
Bill Rothwell, currently General Manager, Ethylene Oxide/Glycols for Shell Chemicals, has been appointed to the role of Vice President Innovation and Chemicals Technology for Shell Global Solutions International, effective from 1 March 2007.

:: Verenex: Libyan tests could go into March
Posted: 05 February 2007
Verenex Energy Inc. said that testing continues at its first exploration well in Libya , A1-47/02 in Area 47 in the Ghadames Basin . The Company expects that the extensive testing program planned could continue into mid-March.

:: Gulfsands secures rig for Syrian block
Posted: 05 February 2007
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in the US, Syria and Iraq, said that it has executed a formal contract for a drilling rig to be used for drilling the next exploration well on Block 26, Syria in February 2007.

:: Petroceltic unveils plans for 2007
Posted: 05 February 2007
Following the recent drilling success in Algeria , Petroceltic has issued an update on activities and operations on its oil and gas portfolio and to outline its intended operational activities for 2007.