:: OMV launches Abu Dhabi office
Posted: 13 May 2007
OMV Aktiengesellschaft, Central Europe’s leading oil and gas group, has launched its Abu Dhabi office in a move which will help it mainly concentrate on screening Middle East business opportunities.

:: AED 207.5 million to be aid to TAQA's Shareholders
Posted: 13 May 2007
The Abu Dhabi National Energy Company (TAQA) announced that a cash dividend of AED 207.5 million, amounting to 5% of the share capital, will be paid to shareholders.

:: Aggreko to supply power to Pearl GTL
Posted: 13 May 2007
Aggreko plc, the global leader in providing temporary power generation and temperature control services, has signed a contract with Qatar Kentz, the engineering and construction services provider, to supply 60 MW of power for the Pearl Gas to Liquids (GTL) project in Qatar, the world’s biggest-ever integrated GTL project.

:: Major contract win in Egypt
Posted: 13 May 2007
Aberdeen-based WTR, who provide engineered composite pipe repair services to the oil and gas industry, as well as water, defence, power and other industrial sectors, has secured a major contract win with the Gulf of Suez Petroleum Company (GUPCO) worth a seven figure sum. This two year contract signifies the rapid expansion of WTR into the fast growing Egyptian market.

:: Topaz subsidiary in AED 73 million Mermaid 'Thai Up'
Posted: 13 May 2007
Nico Middle East Ltd., the Dubai-based Offshore Vessel owners and operators announced that it has signed a charter-party agreement with International sub sea services contractor Mermaid Offshore Services of Thailand for its maintenance support vessel, Team Siam. The two year contract is valued at over AED 73 million and is an extension of an earlier charter-party contract with Mermaid.

:: RasGas recognizes Invensys
Posted: 13 May 2007
Invensys Process Systems was recognised by RasGas Company Limited (RasGas) as one of three key vendors contributing to the successful completion of the RasGas Phase 1 Expansion Project at the RasGas Contractor Awards Dinner held at the Four Seasons Hotel, Doha, Qatar on March 19, 2007.

:: Aabar appraises Sebuku gas prospect in Indonesia
Posted: 13 May 2007
Aabar Petroleum Investments Company PJSC announces it has completed drilling and testing operations on the Makassar Straits-4 (“MS-4”) appraisal well in the Sebuku Production Sharing Contract (“PSC”) offshore east Kalimantan, Indonesia.

:: Floating production business set for sustained growth in capital expenditure
Posted: 13 May 2007
Over 120 floating production systems are forecast to be installed over the next five years and the capital expenditure required to complete these orders is expected to total $38 billion. These are the headline findings of the new edition of the acclaimed study, The World Floating Production Report, launched at Houston’s Offshore Technology Conference by leading energy analysts Douglas-Westwood.

:: Saudi KAYAN awards HDPE plant construction contract to the Chinese HUANQIU
Posted: 13 May 2007
The Saudi Basic Industries Corporation (SABIC) affiliate, the SAUDI KAYAN Petrochemical Company (SAUDI KAYAN) signed on April 30, 2007 a Letter of Award (LOA) with the Chinese HUANQIU Contracting & Engineering Corp. (HQCEC) for the construction of a new High Density Polyethylene (HDPE) plant at its complex in Al-Jubail Industrial City.

:: New corporate signature unites StatoilHydro
Posted: 13 May 2007
Statoil and Hydro have approved the corporate signature for StatoilHydro. The signature will be adopted as soon as the planned merger has been completed and will be used until a new name and logo are available.