:: OPEC to add 11 mbpd capacity
Posted: 07 August 2007
OPEC is expected to add nearly 11 million barrels per day to its production capacity by 2020 and Iraq could be the top investor in these projects that will cost nearly $84 billion, according to an independent study.

:: Taqa eyes upstream operations
Posted: 07 August 2007
Abu Dhabi National Energy Company (TAQA) is planning to diversify its activities to become an oil exploration and production (E&P) company to support its ambitious global acquisition programme, the company said last month.

:: Saudi Aramco’s capacity put at 10.8 mbpd
Posted: 07 August 2007
Saudi Arabia has a sustainable oil production capacity of around 10.8 million barrels per day (bpd) but the level is set to increase when new expansion projects are brought on stream this year, according to Saudi Aramco.

:: Aabar’s reports doubled net revenue, increased oil output
Posted: 07 August 2007
Abu Dhabi-listed Aabar said the net revenues in the second quarter of 2007 climbed more than twofold to AED378 million ($103 million) from AED186 ($51 million) million in the same period a year ago following a sharp increase in the group’s oil production at its Southeast Asia operations

:: Moody's upgrades Ras Laffan rating
Posted: 07 August 2007
Moody's Investors Service has upgraded its long-term rating of senior secured amortising bonds issued by Ras Laffan Liquefied Natural Gas Company Limited (RasGas) to Aa2 from Aa3.

:: Regional to global: J.Ray’s Middle East chief promoted
Posted: 07 August 2007
J. Ray McDermott has promoted Hafez Aghili to senior vice president of Global Operations, a newly created post. To be based in Houston , Aghili will oversee regional and global marine operating activities.

:: Saudi Aramco creates new body, appoints two non-Saudi board members
Posted: 07 August 2007
Saudi Aramco has created a new body to boost coordination within its various operations as it pushed ahead with major expansion plans to maintain its position as the world’s top crude oil supplier.

:: Gas project converted to lumpsum turnkey contract
Posted: 07 August 2007
Technip, in consortium with Bechtel, has signed a contract with Saudi Aramco for the conversion of Saudi Arabia ’s Khursaniyah’s gas plant project into a lumpsum turnkey contract.

:: Energy City Qatar to host state-of-the-art data centre
Posted: 07 August 2007
Energy City Qatar and NavLink, an AT&T affiliated company agreed to explore options to develop, build and operate a state-of-the-art data centre.

:: Consortium finds gas in Algeria
Posted: 07 August 2007
Repsol YPF , Sonatrach, RWE Dea and Edison International consortium has discovered gas from a deep well with of 5,116 metre a depth in the Reggane, north of Algeria . Since the establishment of the consortium, Reggane-6 is the fourth well to yield gas.

:: Circle Oil names country manager in Tunisia
Posted: 07 August 2007
Circle Oil has appointed Ali Chine as its country manager in Tunisia . Chine, a petroleum geologist, has worked most of his career for Enterprise Tunisienne d’Activities Petrolieres (Etap), the Tunisian State oil company.

:: CGG Veritas and OHM to combine seismic and electromagnetic imaging
Posted: 07 August 2007
CGG Veritas and Offshore Hydrocarbon Mapping plc (OHM) will jointly develop a global market for Controlled Source Electromagnetic imaging (CSEM) and capitalise on seismic and CSEM integration opportunities.

:: British Airways’ change of route to benefit energy players
Posted: 07 August 2007
British Airways has confirmed that its flights to Dallas Fort Worth and Houston will move from Gatwick to Heathrow.

:: Technip wins Algerian contract
Posted: 07 August 2007
Paris-based Technip has been awarded by Sonatrach a front-end engineering design (FEED) contract for an ethane extraction project located in Arzew , Algeria.