:: Doubts continue to loom over Iran’s ambitious oil and gas programmes
Posted: 23 April 2007
Iran ’s two most talked liquid natural gas projects have long been the subject of delay and nothing is likely to change soon, according to observers.

:: RAK Petroleum to acquire Gulf Keystone
Posted: 23 April 2007
RAK Petroleum has agreed to buy all of the issued and to be issued share capital of Gulf Keystone.

:: Borouge awards two EPC contracts worth $3 billion
Posted: 23 April 2007
Borouge has awarded contracts valued at $3 billion for Borouge 2, the major expansion project at the company’s production facilities in Ruwais, Abu Dhabi in the United Arab Emirates .

:: Iraq's oil production capacity could double in near term, says IHS
Posted: 23 April 2007
There could potentially be another 100 billion barrels of oil in the Western Desert of Iraq, according to an atlas that will be released by data provider IHS on May 9.

:: Sabic announces highest quarterly profit
Posted: 23 April 2007
Saudi Basic Industries Corporation (Sabic) reported first quarter 2007 profits of SR6.3 billion ($1.7 billion), an increase of 50% compared to SR4.2 billion ($1.1 billion) in the same period in 2006. Consolidated operating profits amount to SR9.6 billion ($2.6 billion) compared to SR6.6 billion ($ 1.8 billion), an increase of 45%.

:: Dana Gas forms strategic partnership with Iraq’s Kurdistan government
Posted: 23 April 2007
Dana Gas, the Middle East 's first regional private-sector natural gas company, has concluded important agreements, including a Strategic Alliance Protocol, with the Kurdistan Regional Government of Iraq. These agreements form part of a strategy to advance the considerable economic benefits available to the region through the successful development of its substantial gas resources.

:: Dana Petroleum to acquire Devon's entire upstream business in Egypt
Posted: 23 April 2007
Dana Petroleum's wholly owned subsidiary, Dana Petroleum (E&P) Limited, has signed an agreement with Devon Energy Corporation to acquire Devon's entire upstream petroleum business interests in Egypt spanning eight companies and eight Production Sharing Contracts ('Devon Egypt').

:: Aabar’s contract in Algeria marks entry into Africa
Posted: 23 April 2007
Aabar Petroleum Investments Company PJSC says its wholly owned subsidiary Dalma Energy has won a drilling contract in Algeria , marking Aabar's entry into Africa .

:: Punj Lloyd to build Oman gas pipeline on EPC Basis
Posted: 23 April 2007
Punj Lloyd Limited (PLL) has secured the contract for construction of pipeline from OGC (Oman Gas Company) on an engineering, procurement and construction (EPC) basis in Oman . The contract is valued at Rs 530 crore.

:: Repsol makes two discoveries in Libya
Posted: 23 April 2007
Repsol Oil Operations has made two oil discoveries in Block 200 in Libya 's Murzuq Basin , said Shokri Ghanem, Chairman of Libya's National Oil Corp. (NOC). The two exploration wells, Za-NC 200 and H1-NC 200, are located 1,000 km south of Tripoli and 75 km west of the Sharara field. Za-NC 200 hit oil pay at 1,087 meters, and the daily average production reached 334 barrels per day at a choke of 64/32 inch.

:: Inpex, Ivanhoe pursue heavy oil opportunity in Iraq
Posted: 23 April 2007
Ivanhoe Energy Inc. and Inpex Corp. have signed an agreement to jointly pursue the opportunity to develop a heavy oil field in Iraq that Ivanhoe Energy believes is a suitable candidate for its patented HTL heavy oil upgrading technology.

:: Calibre begins test in Kurdistan
Posted: 23 April 2007
Calibre Energy said that the testing of the Bina Bawi-1 exploration well is now underway.

:: PEG, Saudi partner to introduce coiled tubing tech to Middle Eeast
Posted: 23 April 2007
Production Enhancement Group has signed a contract establishing a joint venture with Al Qahtani Maritime and Oil Field Services Co.

:: Scomi wins Algerian contract
Posted: 23 April 2007
Malaysia ’s Scomi has secured oilfield services-related contracts with a combined value estimated at RM84 million from its Middle East region.

:: BP appoints HR head
Posted: 23 April 2007
BP has appointed Diaa Mohamed as regional director of Human Resources for the Middle East and South Asia .

:: PSL appoints Oman operations manager
Posted: 23 April 2007
PSL Energy Services has appointed Ron Henderson as Operations Manager for Oman . Based in Muscat , Henderson will lead PSL's expansion in Oman through the implementation of a recently awarded Hydraulic Workover contract with PDO.

:: Dubai-based GAC Marine Logistics expands to Rotterdam
Posted: 23 April 2007
GAC Marine Logistics (GML), a UAE-based global provider of logistics services for ship spares and marine parts, has set up its first European office in Rotterdam as part of its ongoing expansion plans.