:: Best yet and more to come
Posted: 10 September 2007
General Electric (GE) Oil and Gas is benefiting from a surge in deals in the Arabian Gulf hydrocarbon sector picking up more than $1 billion in contracts this year and predicting business doubling within five years.

:: First global satellite gas survey says gas flaring stable for 12 years
Posted: 10 September 2007
The first globally consistent survey of gas flaring has been conducted using satellite data, and a series of national and global estimates of gas flaring volumes have been produced covering a twelve-year period spanning 1995 through 2006.

:: TD Williamson opens service centre in Dubai
Posted: 10 September 2007
After 30 years of operations in the region, a US-based pipeline solutions company has opened its first service and support centre in the Middle East

:: Kuwait-based oilfield service provider lists on DFM
Posted: 10 September 2007
Oilfield service provider Gulf Petroleum Company (GPI) was listed on the Dubai Financial Market (DFM) this week.

:: Oman okays rig contract extensions
Posted: 10 September 2007
Oman KCA Deutag Drilling, an Abbot Group subsidiary, was awarded early contract extensions, which include rate increases, for five land rigs in Oman by Petroleum Development Oman (PDO).

:: ABS sweeps series of semisubs
Posted: 10 September 2007
The TDS-2500 column stabilised drilling unit for Brazil 's drilling contractor, Delba Maritima, will be classed by ABS. The rig is the third in a series of semisubmersibles based on the Gusto MSC design with engineering and project management awarded to SBM-Atlantia.

:: Al Masaood Bergum, Hertel Group form JV
Posted: 10 September 2007
Al Masaood Bergum (AMB) has entered into a formal partnership with the Hertel Group, one of the leading specialist engineering support services contractors, to create AMBhertel, a joint venture to specifically service the oil, gas and petrochemical industries in the UAE and Qatar .

:: AlMansoori strengthens business with Asian expansion
Posted: 10 September 2007
Oilfield services provider AlMansoori Specialized Engineering (MSE) of Abu Dhabi has strengthened its core services and geographic offering by acquiring additional logging assets in Thailand .

:: Calvalley brings more wells on stream
Posted: 10 September 2007
Calvalley says its central processing facility has been commissioned and crude oil production is currently flowing through the facility into a storage tank farm consisting of six 10,000 barrel tanks.

:: Dana Gas first oil in Southern Egypt
Posted: 10 September 2007
Dana Gas has made the first ever oil discovery in Southern Egypt from its El Baraka-1 exploration well drilled in Komombo Concession in Upper Egypt . The discovery was hailed by the Egyptian Petroleum Minister,. Sameh Fahmy, who visited the site on location and renamed the new field “Al-Baraka” (meaning blessing).

:: DME completes physical delivery of four million barrels of oil
Posted: 10 September 2007
The Dubai Mercantile Exchange Limited (DME) on Monday announced the delivery of contracts traded during the initial month of the Exchange. During the month of June the DME’s benchmark contract, the Oman Crude Oil Futures Contract, went to expiration with open interest of 4,000 contracts, equivalent to 4,000,000 barrels of crude oil.

:: ESR Technology appoints safety and risk consultant in the UAE
Posted: 10 September 2007
ESR Technology, one of the UK ’s leading engineering, safety and risk consultancies, has appointed a new Senior Safety and Risk Consultant to its team in the United Arab Emirates.

:: Europe’s energy hub launches bid to host global assembly
Posted: 10 September 2007
Britain ’s bid to host the 20th World Petroleum Congress in 2011 was formally launched today with Scotland ’s oil capital, Aberdeen , confirmed as candidate host city.

:: Furmanite seals three year contract with GPIC
Posted: 10 September 2007
Furmanite, the technical services company geared to maximising asset uptime, has been awarded a three year leak sealing contract by Gulf Petrochemical Industries Company (GPIC), which will see Furmanite provide its on-line pressurised leak sealing services to the petrochemical complex in Sitra, Bahrain on a 24/7 call-out basis.

:: Libya reports surge in cash reserves
Posted: 10 September 2007
A surge in oil prices boosted Libya ’s income to a record level in 2006 and pushed up its international cash reserves by nearly three times in three years.

:: Qatar to produce 14 mln tonnes of LPG
Posted: 10 September 2007
QATAR is set to boost its liquefied petroleum gas output to nearly 14 million tonnes tonnes a year by 2010 to become one of the world’s top LPG producers, according to Qatari Deputy Premier and Minister of Energy and Industry Abdullah bin Hamad al-Attiyah.

:: TransGlobe Energy acquires acreage in Egypt’sWest Gharib
Posted: 10 September 2007
TransGlobe Energy has signed a binding purchase and sale agreement to acquire two privately held companies, holding interests in eight development leases and associated infrastructure in the West Gharib Concession area in the Arab Republic of Egypt.

:: MODU demand increases in UAE
Posted: 10 September 2007
The demand for mobile offshore drilling unit (MODU) machinery systems has increased with the Middle East becoming a new building center for offshore structures, American Bureau of Shipping (ABS) Middle East recently said.