:: GE Energy wins $1.8 billion deal for new power plants in the Middle East
Posted: 30 July 2007
GE Energy has received contracts totaling more than $1.8 billion to supply 32 gas turbines and additional equipment for power plant projects in Kuwait and Qatar that will add over five gigawatts of capacity to help meet the Middle East 's rapidly growing demand for electricity.

:: Dana Gas postpones sukuk pricing
Posted: 30 July 2007
Sharjah-headquartered Dana Gas has postponed the pricing of its announced convertible sukuk issue due to the recent volatility in international credit markets.

:: Oil prices to set new record
Posted: 30 July 2007
Crude oil prices are setting new records, surpassing the levels reached last August, with the price of the OPEC Reference Basket now more than 50% higher than it was at its recent low point just six months ago.

:: Saudi Aramco and Schlumberger to develop new technology for downhole valves
Posted: 30 July 2007
Saudi Aramco and Schlumberger have executed an agreement to jointly develop a range of new technologies for intelligent completions that will lead to electrically-activated downhole control valves, and would therefore facilitate a theoretically unlimited number of intelligent laterals per well.

:: BJ wins contract from BG India
Posted: 30 July 2007
BJ Process and Pipeline Services was awarded a contract by BG Exploration and Production India Limited (BGEPIL) to provide nitrogen/helium leak detection testing services for its new process facilities on Tapti field, India.

:: Total, Sonatrach to build a petrochemical complex in Algeria
Posted: 30 July 2007
Following a call for tenders, Total has been selected to build a petrochemical complex in Arzew, near Oran , Algeria , in partnership with Sonatrach.

:: NPCC, Technip awarded contract for gas facilities in UAE
Posted: 30 July 2007
The National Petroleum Construction Company (NPCC), jointly with Technip, has been awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) an Engineering Procurement and Construction (EPC) contract for the Zakum Gas Processing Facilities in the offshore areas of Abu Dhabi .

:: Technip ditches US listing
Posted: 30 July 2007
Technip has applied for a voluntary delisting of its American Depositary Shares from the New York Stock Exchange. The Paris-based oil and gas service company has filed the required forms with the SEC last month and expects the delisting to become final on Nov 6.

:: Iraqi parliament passes crude oil refineries' bill
Posted: 30 July 2007
The Iraqi parliament unanimously passed a bill allowing private investments in crude oil refineries.

:: Global Industries wins work offshore Saudi Arabia
Posted: 30 July 2007
Global Industries' subsidiary, Global Al Rushaid Offshore Company, Ltd. has signed a contract with Saudi Aramco for the Berri Water Injection and Qatif Crude Offshore Pipelines Projects.

:: Lamprell confirms contract for newbuild jack-up
Posted: 30 July 2007
Lamprell reports that the contract for the construction of a LeTourneau Super 116E jackup drilling rig has now been confirmed following Scorpion's successful fund raising.

:: Petrofac's Sharjah division receives ISO and OHSAS certifications
Posted: 30 July 2007
Petrofac says its Sharjah-based Engineering & Construction (E&C) division has achieved independent certifications to the international standards for environmental, health and safety - ISO 14001 and OHSAS 18001.

:: Agreement signed to speed development of IGI pipeline
Posted: 30 July 2007
Meeting in Rome, Pier Luigi Bersani, Italy's Minister of Economic Development, Dimitris Sioufas, Greece's Minister of Development, and Hilmi Gueler, Turkey's Minister of Energy and Natural resources, signed an Intergovernmental Agreement for the development of a system of pipelines to import natural gas from the Caspian Basin and the Middle East, where over 20% of the world's reserves are located (30,000 billion cubic meters of natural gas), passing through Turkey and Greece.

:: CEO of Aabar’s subsidiary resigns, maintains consultant role
Posted: 30 July 2007
Aabar Petroleum Investments Company (Aabar) said Keith Gordon Cameron, formerly Chief Executive Officer of Aabar subsidiary PEARL Energy Limited ( Pearl), has decided to resign from the company effective 31 July 2007 to pursue other interests.