:: BP returns to Libya with $900 million exploration deal
Posted: 04 June 2007
BP and its Libyan partner, the Libya Investment Corporation (LIC), have signed a major exploration and production agreement with Libya 's National Oil Company (NOC). The initial exploration commitment is set at a minimum of $900 million, with significant additional appraisal and development expenditures upon exploration success.

:: Going public: Borouge expansion projects to go ahead despite warnings of recession
Posted: 04 June 2007
Borouge - Abu Dhabi ’s main petrochemical producer - is planning to go public after the Borouge 2 project goes online, says a senior executive of the company.

:: ABB wins $26-million contract in Qatar
Posted: 04 June 2007
ABB, the leading power and automation technology group, has received an order worth $26 million as the main electrical and instrumentation vendor for two oil platforms being built for Maersk Oil Qatar.

:: GE to supply turbocompressors to Abu Dhabi Gas Liquefaction Company
Posted: 04 June 2007
GE Oil & Gas has been awarded a contract to supply two gas turbine-driven turbocompressor trains to the Abu Dhabi Gas Liquefaction Company (ADGAS).

:: Lamprell wins $33 million in new contracts
Posted: 04 June 2007
UAE-based Lamprell Plc has won topside and process module fabrication contracts from Kanfa AS, DP Producer AS, and Scana AMT and jackup rig refurbishment contracts from Saipem ( Portugal ) Comercio Maritimo, Noble International Limited, Aban 7 Pte. Limited, and Nabors Drilling International Limited. The total value of these contracts is expected to exceed $33 million.

:: GE TO supply turbo-expander compressors for Qatar’s GTL project
Posted: 04 June 2007
GE Oil & Gas turbo-expander compressor technology has been selected for the gas treatment plant of the Pearl GTL (Gas-to-Liquids) project in Qatar . Pearl GTL is not only the world’s largest integrated GTL project, but also the largest energy project ever launched within the borders of Qatar.

:: Anadarko sells production assets in Qatar
Posted: 04 June 2007
Anadarko Petroleum said it has agreed to divest 100 percent of its interest in Anadarko Qatar Energy Company LLC and Anadarko Resources Company (collectively Anadarko Qatar), which together holds a 92.5 percent interest in Blocks 12 and 13 in Qatar, to a subsidiary of Occidental Petroleum Corporation for $350 million. ut also the largest energy project ever launched within the borders of Qatar.

:: Tank roof raise marks milestone for Qatargas
Posted: 04 June 2007
Qatargas raised the roof on its fifth and final common liquefied natural gas (LNG) storage tank at Ras Laffan Industrial City.

:: MIS releases first quarter results
Posted: 04 June 2007
UAE based Maritime Industrial Services Co Ltd. Inc. (MIS) released their first quarter results up to March 31st 2007.

:: Increased oil recovery technologies could help meet demand for the next 25 years
Posted: 04 June 2007
With global demand for energy rising fast, the oil and gas industry is increasingly turning to technology to maximise production from oil fields.

:: IPIC’S Al Qubaisi to Steer Gulf Energy Maritime
Posted: 04 June 2007
Dubai-based Emirates National Oil Company (ENOC) has handed over the chairmanship of Gulf Energy Maritime (GEM) - the Middle East’s largest independent commercial product tanker operator to International Petroleum Investment Company (IPIC), the Abu Dhabi-based oil and chemicals foreign investment group.

:: MMEER expands accommodation fleet
Posted: 04 June 2007
Mike Mullen Energy Equipment Resources, Inc. thru a subsidiary, MMEER Cayman Ltd., has entered into a contract to purchase the following two service and accommodation units from a subsidiary of Bibby Line.

:: Wood Group opens new service facility in Qatar, wins first contract
Posted: 04 June 2007
International energy services company, John Wood Group PLC (Wood Group), officially opened a new 600 sqm service facility in Qatar on Tuesday 29 May 2007.

:: RBG names Middle East area manager
Posted: 04 June 2007
RBG has been active in the Middle East for over 10 years and operates in the region together with its Joint Venture partner, Salam Petroleum Services, under the name Salam RBG Qatar (SRQ).

:: BJ Services appoints new business development manager
Posted: 04 June 2007
BJ Services announced that Dave Warnes has been appointed business development manager – process services for the Middle East – Asia Pacific Region of BJ Process and Pipeline Services (BJ PPS).

:: Aabar completes drilling appraisal well in Indonesia
Posted: 04 June 2007
BJ Services announced that Dave Warnes has been appointed business development manager – process services for the Middle East – Asia Pacific Region of BJ Process and Pipeline Services (BJ PPS).

:: Rally secures extra rigs for Operation in Egypt, Pakistan
Posted: 04 June 2007
Rally Energy Corp has issued the following operational update.