:: Oil market uncertainty hampers investment
Posted: 20 August 2007
Uncertainty in the oil market outlook is allying with environmental measures in consuming countries and other factors to limit demand for OPEC crude and create obstacles for future investment in capacity expansion, according to OPEC.

:: AlMansoori acquires UK-based directional drilling company
Posted: 20 August 2007
Abu Dhabi-based AlMansoori Specialized Engineering (MSE) has strengthened its services portfolio by acquiring Target Energy Group Limited headquartered in Aberdeen , UK.

:: TAQA appoints interim CFO
Posted: 20 August 2007
The Abu Dhabi National Energy Company PJSC appointed an interim chief financial officer (CFO) to add further seniority and blue-chip experience to its rapidly growing global executive management team.

:: Thule Drilling unsuccessful attempts with QGM Group agreement
Posted: 20 August 2007
Thule Drilling ASA received a letter from QGM Group LLC in which it is stated that it is ‘completely out of funds’ and that the yard will close down permanently. Thule has made several attempts both before and after receiving this letter to settle the matter amicably, regretfully without success.

:: TAQA North begins operations
Posted: 20 August 2007
The new entity, TAQA North, is set to provide TAQA with an additional 142 million barrels of proven oil and gas reserves, over 37,000 boe/d (gross) and a best-in-class exploration and production team.

:: Supertanker Gulf Sheba joins Gulf Navigation fleet
Posted: 20 August 2007
Gulf Navigation Holding PJSC, has announced that it purchased Gulf Sheba , a 300,000 deadweight tonnes very large crude carrier (VLCC).

:: Dana Gas reports double 1st half profits
Posted: 20 August 2007
Dana Gas made high profits in the first half of 2007 as the Sharjah-based company is pushing ahead with a mega investment drive across the region.

:: BP and Chinese Academy of Sciences to develop clean coal technology
Posted: 20 August 2007
BP and Chinese Academy of Sciences (CAS) has signed a Memorandum of Understanding (MoU), announcing their intent to establish the Clean Energy Commercialisation Centre (CECC).

:: Oil Search Limited and Halliburton renew strategic agreement
Posted: 20 August 2007
Oil Search Limited and Halliburton have signed an agreement to renew a strategic alliance that was originally formed in 2004.

:: OMV’s growth path continues
Posted: 20 August 2007
OMV, Central Europe’s largest oil and gas group generated good results in the first half year 2007 with a strengthened international E&P, strong performance of gas segment, and is well-positioned for future consolidation.

:: Yemen pipeline revised
Posted: 20 August 2007
Negotiations are on between Calvalley, a third party operator and the Ministry of Oil and Minerals of the Republic of Yemen to build and finance the revised 145 kilometers of pipeline from Block 9 to a point within a block operated by the third party operator.

:: Stable Services appoints managing director
Posted: 20 August 2007
Stable Services has taken another step forward in its drive to become a global market leader. The oilfield products company has appointed former vice president of Smith International to the role of managing director of global operations as it aims to double international business by next year.