News
June 2007

:: Analyse this!
Posted: 25 June 2007
It is the hottest list in the Middle East energy business. Project Update, free every month with Pipeline magazine, now comes as a separate guide to keep and consult – starting with the July issue.

:: Qatar first in carbon clean-up
Posted: 25 June 2007
Qatar has become the first country in the GCC to successfully register a project under the United Nations Clean Development Mechanism (CDM), a scheme under the Kyoto Protocol that allows rich countries to meet emissions targets by funding clean energy projects in developing nations.

:: World Future Energy Summit
Posted: 25 June 2007
Abu Dhabi Future Energy Company (Adfec) has signed an agreement with Turret Middle East to organise the first World Future Energy Summit.

:: Rapid rise for PE firm
Posted: 25 June 2007
Private equity company Gulf Capital has announced sales of AED472.6 million and net profit of AED53.7 million for its first year of operation. Total equity stood at AED1,307.3 million and total assets at AED1,748.8 million.

:: Aabar sells stake
Posted: 25 June 2007
Abu-Dhabi's Aabar Petroleum has sold a stake in an Indonesian oil and gas block to Australian Worldwide Exploration (AWE).

:: High oil prices boost budgets
Posted: 25 June 2007
High oil prices have boosted the budget surplus in Kuwait and Qatar while they are expected to maintain growth in Saudi Arabia this year despite an expected decline in crude production, according to the Arab Monetary Fund (AMF).

:: Pact for ventures
Posted: 25 June 2007
Singapore ’s Swiber Holdings has signed a pact with Emirates Investment Group (EIG) to jointly explore investment opportunities in the Middle East .

:: Nukote to set up polymer plant
Posted: 25 June 2007
Dubai-headquartered Nukote Coating Systems, a leading supplier to the oil and gas industry, is to build and run a $10 million polymer blending plant at Dubai Investment Park .

:: Oman LNG deal
Posted: 25 June 2007
Korea Gas Corporation (Kogas) says it is to set up a $10 million venture with Oman to jointly trade and store liquefied natural gas. The deal would secure a steady supply for South Korea , the world's largest LNG importer.

:: Pump centre
Posted: 25 June 2007
Ali & Sons Oilfield Supplies and Services is to set up a Middle East service centre for Sulzer pumps in Abu Dhabi . The centre will be able to handle the largest centrifugal pumps in the Gulf.

:: Pipeline software
Posted: 25 June 2007
Energy Solutions International of the US has deployed a suite of applications for the UAE-Qatar Dolphin Energy gas project to assist with pipeline management, transaction management and natural gas delivery.

:: Pipes upgrade
Posted: 25 June 2007
South Korea ’s Daelim Industrial has received a $260 million order from Kuwait Oil to replace existing oil pipelines in the country's southern oilfield.

 

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