:: Costs bury GTL plant
Posted: 05 March 2007
ExxonMobil and Qatar Petroleum (QP) have abandoned plans to build what was going to be the world’s largest gas-to-liquids (GTL) plant because of spiraling costs and a shift in Qatar ’s energy priorities.

:: Centurion chairman joins Dana Gas board
Posted: 05 March 2007
Dana Gas PJSC, the first regional private-sector gas company in the Middle East , announced the appointment of the Chairman of Centurion Energy, Said Arrata, as a member of the Board of Directors of Dana Gas.

:: Adyard completes $5.5 million Atlantis contract
Posted: 05 March 2007
Topaz Energy and Marine Ltd. has announced that its Abu Dhabi-based oil and gas subsidiary, Adyard L.L.C has completed a major contract from Atlantis Holding Norway AS a wholly-owned subsidiary of Chinese giant Sinochem Corporation. The US$ 5.5 million deal involved the fabrication, load out and transportation of the jacket and topsides for an off-shore platform, to be used by Atlantis for the development of the Um Al-Quwain gas field in the UAE.

:: Strategic alliances put Abu Dhabi on the cutting edge of energy research
Posted: 05 March 2007
Abu Dhabi ’s drive to become a leader in the alternative energy sphere was demonstrated today as HRH Prince of Wales met with leading figures from the Masdar Initiative, Imperial College ’s Energy Futures Lab, BP and Shell to learn how industry and academia are joining forces to address the energy challenges of the 21st Century.

:: UAE industry growth builds offset proposition, says expert
Posted: 05 March 2007
The spectacular growth of the United Arab Emirates’ industrial sector is building a strong case for the use of the country’s offset programme in delivering national economic wealth, according to an international offsets expert.

:: Proclad Group to double production capacity
Posted: 05 March 2007
The GCC’s Proclad Group, a leading global precision engineering, manufacturing and service provider for the oil and gas and petrochemical industries which operates major facilities in the UAE capital Abu Dhabi , Singapore and in Scotland , is to double its turnover through a unique technology invention that will see production double this year.

:: AlMansoori makes third acquisition in Egypt
Posted: 05 March 2007
Oilfield services provider AlMansoori Specialized Engineering (MSE) has signed a multi-million dollar deal to acquire the Tubing Conveyed Perforation (TCP) division of Energy Inc as part of MSE's plans to build and strengthen its business developments in Egypt .

:: Significant oil discovery in Libya
Posted: 05 March 2007
A significant oil discovery has been made in the Murzuq Basin in Libya . The field extends over two licenses, and Hydro participates in one of these. The Spanish oil company Repsol is operator for the field.

:: Jacobs receives contract from Al Rajhi Petrochemical Group in Saudi
Posted: 05 March 2007
Jacobs Engineering Group said they received a contract from Al Rajhi Petrochemical Group to provide front-end engineering services for a $50 million benzene recovery plant at Al-Jubail , Saudi Arabia.

:: Global Industries wins $100M Mideast contract
Posted: 05 March 2007
Global Industries, Ltd. said that one of its subsidiaries has received a contract award worth approximately $100 million.

:: Gulfsands spuds Khurbet East in Syria
Posted: 05 March 2007
Gulfsands Petroleum plc has commenced drilling the Khurbet East (KHE 1) exploration well within Block 26, Syria .

:: Fred Olsen inks deal to upgrade Knock Nevis FSO
Posted: 05 March 2007
First Olsen Pte. Ltd, a wholly owned subsidiary of Fred Olsen Production ASA, has entered into an agreement with Maersk Oil Qatar for the upgrading of the capacity of the Knock Nevis floating, storage and offloading vessel (FSO) currently on contract to Maersk on the Al- Shaheen field, offshore Qatar .

:: Ferguson secures contract award for BP Magnus
Posted: 05 March 2007
BP has recently awarded a rental contract, worth an estimated £500,000, to international offshore accommodation specialists, Ferguson Modular Ltd for a 16 POB (persons on board) accommodation complex as part of the ongoing investment in the upgrade of the BP Magnus platform.

:: Fugro wins Mideast seismic contract
Posted: 05 March 2007
Fugro has been awarded work of major high density 3D and regional 2D marine seismic project by the Al-Khafji Joint Operations. The award comprises the 3D and 2D marine seismic data acquisition and the full scale seismic data processing. The project, which is to start in late April 2007, will be carried out in the KJO Offshore area. The duration of the project is up to twelve months. The total value of the contract is $38 million (EUR 29 million).

:: KSS joins SAP Partner Ecosystem to Deliver Integrated Solutions
Posted: 05 March 2007
KSS, a global leader in retail and wholesale pricing automation and optimization solutions, announced recently that it has joined SAP Industry Value Network (IVN) for oil and gas as an Independent Software Vendor member. This follows the recent certification of its KSS RackPrice wholesale fuels pricing application on the SAP NetWeaver platform.

:: Addax reports Northern Iraq discovery
Posted: 05 March 2007
Addax Petroleum Corp. announced flow test results for the TT-05 well, the second appraisal well recently drilled on the Taq Taq field by Taq Taq Operating Company (TTOPCO), the joint venture company formed by Genel Enerji A.S. (Genel) and Addax Petroleum to carry out the petroleum operations in the Taq Taq license area.

:: DNO reports Sharyoof start-up
Posted: 05 March 2007
DNO said that the Sharyoof 24 well in Block 53 (DNO, 24.45%) in Yemen was brought on production with an initial gross oil rate of 1,100 bopd. Another infill well on the Sharyoof Field, Sharyoof 25, is set to be spudded this week. Sharyoof 25 is planned as a water injector, and drilling is estimated to take approximately 20 days.