:: Qatar signs major petrochemical deals
Posted: 16 October 2007
Qatar is developing a multi-billion dollar world-scale petrochemical complex at Mesaieed. The grassroots project is a 70:30 joint venture between Qatar Holding, a wholly owned subsidiary of Qatar Petroleum and Honam Petrochemical Corporation of South Korea.

:: Deepwater expenditure to reach $25 billion annually by 2012
Posted: 16 October 2007
The World Deepwater Market Report 2008-2012 forecasts that nearly $25 billion will be spent annually in deepwater capital expenditure by 2012.

:: Gulfsands Petroleum forms partnership with Cham Holding
Posted: 16 October 2007
Gulfsands Petroleum has established a strategic partnership with Cham Holding, one of Syria ’s leading business groups.

:: Opec leaders to discuss prices, environment
Posted: 16 October 2007
Leaders of the Organisation of Petroleum Exporting Countries (Opec) will discuss soaring oil prices along with the environment and other issues when they hold their third summit in Riyadh in mid-November.

:: People deficit to cause further delay through 2010 - Cera
Posted: 16 October 2007
Large oil and gas production projects worldwide are likely to continue to suffer delays resulting from an increasing shortfall of qualified project engineering resources.

:: Sonatrach to expand petroleum gas complex
Posted: 16 October 2007
Algeria ’s state-run energy firm Sonatrach has awarded two Japanese firms a $1.1 billion contract to expand the world’s largest liquefied petroleum gas (LPG) complex, the company said on Thursday.

:: Calvalley Petroleum to redrill well after hints of oil
Posted: 16 October 2007
The drilling programme for Calvalley Petroleum's Malik-1 exploration well was modified to prove further occurrences of commercial hydrocarbon reservoir in fractured basement rocks.

:: Thule expects court ruling on full access soon
Posted: 16 October 2007
Following a limited access granted by the Court of Urgent Matters in the United Arab Emirates last month, Thule Drilling was allowed to inspect the QGM yard and its rigs.

:: Momentum to install Magtymguly drilling platform
Posted: 16 October 2007
Dubai-based Momentum was awarded the transportation and installation of Magtymguly drilling platform (MDP-A) which form part of Phase 1A platform.

:: DSL gets API approvals
Posted: 16 October 2007
Oil and gas construction company Derrick Services Ltd (DSL) has announced the accredited approval of the Quality Management System (QMS) to API standards following recent API audit.

:: SEC names Baker Botts project adviser
Posted: 16 October 2007
The Saudi Electricity Company (SEC) has named Baker Botts, in association with the law firm of Mohanned bin Saud Al Rasheed, as legal adviser on all aspects of the development of two independent power plants to be built in Saudi Arabia that will add more than 3000 megawatts to the country's power grids when completed.

:: Schlumberger acquires exclusive 3D remote collaboration capabilities
Posted: 16 October 2007
Integrated project management company Schlumberger has acquired exclusive development and distribution rights to the oil and gas sector for ThinAnywhere®, a remote access high-end 3D graphics visualization technology, from Mercury International Technology, Inc. (MIT).

:: Technip appoints new operational organization head
Posted: 16 October 2007
Technip has appointed Bernard di Tullio as President and Chief Operating Officer.

:: $5 billion refinery plan approved
Posted: 16 October 2007
The Pakistani government has approved construction of Coastal Refinery project costing $5 billion at Khalifa Point in Hub area of Baluchistan.