:: DME hits highest level
Posted: 30 October 2007
The Dubai Mercantile Exchange Limited (DME) has announced that it has achieved its highest level of open interest for its benchmark Oman Crude Oil Futures Contract, since the commencement of trading on the Exchange on 1 June 2007.

:: Taqa and NPC sign joint venture
Posted: 30 October 2007
Abu Dhabi National Energy Company (Taqa), has signed an agreement to cooperate on joint developments with National Power Company (NPC), an affiliate of the Al-Zamil and El-Seif Groups, regional investment groups based in the Kingdom of Saudi Arabia.

:: BJ PPS awarded multi-million Kuwait pipeline deal
Posted: 30 October 2007
BJ Process and Pipeline Services (BJ PPS) has been awarded a multi-million dollar contract by Hyundai Heavy Industries Co. Ltd (HHI) to provide pipeline pre-commissioning services in Kuwait.

:: Kamco enters energy services sector
Posted: 30 October 2007
Kuwait-based KIPCO Asset Management Company (Kamco) plans to invest in energy services investment sector. A statement from the company said, it sees a significant growth trend in this sector covering oil, gas and coal activities and alternative energy sources.

:: ODS-Petrodata opens office in Dubai
Posted: 30 October 2007
ODS-Petrodata, global offshore intelligence provider and consulting services, has announced the opening of a new office in Dubai.

:: Dodsal deal with Tanzania
Posted: 30 October 2007
Dodsal Hydrocarbons and Power ( Tanzania ) Pvt Ltd has signed a production sharing agreement with Ministry of Energy and Minerals and Tanzania Petroleum Development Corporation for exploration of oil and gas for the RUVU block.

:: Injaz wins key stake in Petkim Petrokemiya
Posted: 30 October 2007
Saudi-based Injaz Projects and its consortium partners, Azerbaijan Oil & Gas Company (SOCAR), the Kazmunaigaz Company of Kazakhstan and Turcas Petroleum AS of Turkey , have been awarded the controlling stake in Petkim Petrokemiya, a Turkish petrochemicals manufacturer.

:: Oil and gas rich Gulf seeks alternative energy, expert says
Posted: 30 October 2007
With booming domestic demand for power, the hydrocarbon-rich Arabian Gulf countries are exploring the use of alternative and renewable energy resources – says a leading industry expert.

:: MIS to build new jack up rig
Posted: 30 October 2007
Maritime Industrial Services held the official steel cutting ceremony last October 25th, for the construction start of MIS' third "new build" jack up drilling rig.

:: Bahrain extends deadline
Posted: 30 October 2007
Bahrain has extended the deadline to submit tenders to redevelop its onshore Awali oilfield from October 17 to October 31, two weeks after its initial deadline was set.