:: Cooling the heat
Posted: 26 November 2007
A combination of surging supply and more pessimistic views of fourth-quarter oil demand from international agencies have combined to take some of the immediate heat out of oil markets.

:: Canada confirms Taqa takeover
Posted: 26 November 2007
The Abu Dhabi National Energy Company (Taqa), a public-listed company on the Abu Dhabi Securities Market, has been granted approval to purchase Pioneer Natural Resources Canada Inc (Pioneer) and PrimeWest Energy Trust (PrimeWest).

:: Gas pipeline fire leaves 28 dead
Posted: 26 November 2007
A fire broke out on the Haradh-Uthmaniyah gas pipeline in Saudi Arabia , 30 km away from Hawiyah Gas Plant, a statement from Saudi Aramco said on Sunday.

:: Saudi Aramco plans major IPO
Posted: 26 November 2007
Saudi Aramco is planning to offer 219 million shares to the local private sector in an upcoming IPO for PetroRabigh, the joint-venture project with its Japanese partner, Sumitomo Chemical.

:: Gulfsands spuds Khurbet East 3 appraisal well in Syria
Posted: 26 November 2007
Independent E&P company Gulfsands Petroleum has commenced drilling the Khurbet East 3 (KHE-3) appraisal well within Block 26 in Syria.

:: IPTC aims to discuss sustainable energy
Posted: 26 November 2007
The International Petroleum Technology Conference (IPTC) is aiming to host petroleum professionals in an annual forum that will discuss global shift in foreign investments to sustainable energy projects, a statement from the organisers said.

:: Dana Gas opens Kurdistan office
Posted: 26 November 2007
Sharjah-based Dana has opened its new Suleymaniya office in the Kurdistan Region of Iraq.

:: Gas discovery in Azerbaijan
Posted: 26 November 2007
BP has discovered more gas and condensate in its Shah Deniz field, 70-km southeast of Baku.

:: ExxonMobil to explore Libya's Offshore Sirte Basin
Posted: 26 November 2007
ExxonMobil's subsidiary, ExxonMobil Libya Limited, signed a heads of agreement to execute an Exploration and Production Sharing Agreement (EPSA) with Libya 's National Oil Corporation to initiate exploration activity offshore Libya in the Sirte Basin.

:: IPTC to feature sustainability agenda
Posted: 26 November 2007
The energy industry is actively adopting a “sustainability agenda” in order to solve core economic problems, according to experts set to meet in Dubai later this year at the International Petroleum Technology Conference (IPTC).

:: Studies for expansion at Vopak Horizon Fujairah’s oil terminal
Posted: 26 November 2007
Studies are being made for the expansion of the UAE oil terminal in Fujairah, one of the world's largest bunkering centres, board of directors Vopak Horizon Fujairah has announced.

:: Apache to abandon Egyptian Well
Posted: 26 November 2007
Regal Petroleum reports that an unsuccessful well test has been conducted in the ERB-B-1X well operated by Apache East Ras Budran Corp. LDC in the East Ras Budran ("ERB") Concession in which Regal holds a 25% working interest.

:: Leading energy experts to meet in Bahrain
Posted: 26 November 2007
Manama , Kingdom of Bahrain is set to host the 9th Annual Pipeline Rehabilitation & Maintenance Conference and Exhibition, taking place from 9-13 December 2007 at Bahrain International Exhibition Centre.

:: Reliance signs PSA in Yemen
Posted: 26 November 2007
Reliance Exploration and Production has signed the Production sharing Agreement (PSA) for two Exploration Blocks in Yemen on November 20, 2007.