:: Little prospect of lower oil prices
Posted: 17 December 2007
There is unlikely to be much seasonal cheer for oil consumers. Although oil production at last appears to be rising, oil prices are expected to remain high over the winter and into 2008, despite fears about the true state of the US economy.

:: Takreer, Neste Oil, OMV to build plant in Abu Dhabi
Posted: 17 December 2007
Abu Dhabi Oil Refining Company (Takreer), Neste Oil of Finland and the Austrian oil and gas group OMV are proceeding with their plans to form a joint venture company and build a base oil facility.

:: Dana Gas discovers gas in Egypt
Posted: 17 December 2007
Dana Gas, the Middle East 's first and largest regional private-sector natural gas company, has announced the discovery of a new gas well drilled in its Egyptian concessions, the company has announced.

:: Gasco awards EPC contract for replacement of NGL network
Posted: 17 December 2007
Abu Dhabi Gas Industries Ltd. (Gasco) has announced the award of the contract for Engineering, Procurement, Construction and Commissioning works (EPC) for building its new Natural Gas Liquid (NGL) Pipelines Network to replace the existing network to M/s Dodsal Engineering and Construction Pte. Ltd. at a lump sum price Dh 560 million, WAM news agency reported.

:: Scorpion to build premium jackup at Lamprell
Posted: 17 December 2007
Scorpion Offshore Ltd., through its wholly owned subsidiary, Scorpion Rigs Ltd., has agreed to exercise the first of its four options with UAE-based Lamprell Energy Ltd., a subsidiary of Lamprell plc, to construct a LeTourneau Super 116E 'ultra-premium' class jackup drilling rig.

:: VetcoGray in Egypt deepwater gas deal
Posted: 17 December 2007
The Burullus Gas Company of Cairo, Egypt has again selected control system technology from VetcoGray, a GE Oil & Gas business, to aid in the development of a new gas field in the West Delta Deep Marine (WDDM) area offshore the Nile Delta, the company has announced.

:: Tethys acquires Oman blocks interest
Posted: 17 December 2007
Tethys Oil AB has acquired 50% interest in Blocks 3 and 4 onshore Oman from Altinex, an affiliate of Norwegian Energy Company (Noreco).

:: BP and QP on LNG safety research initiative
Posted: 17 December 2007
BP and Qatar Petroleum announced the signing of a memorandum of understanding to develop and fund a world-class Liquefied Natural Gas (LNG) safety research programme in Qatar in partnership with the Qatar Foundation, and Texas A&M University and its affiliates. 

:: Reliance Industries chairman visits J. Ray facility
Posted: 17 December 2007
Mukesh Ambani, Reliance Industries chairman, visited J Ray McDermott Middle East's (J Ray) fabrication facility and marine department in Jebel Ali Free Zone, a statement from the company said.

:: Calvalley finds gas and oil in Yemeny
Posted: 17 December 2007
Calvalley has completed drilling and has commenced testing of the Malik 1 exploration well on Block 9 in the Republic of Yemen , the update was announced by the company.

:: KJO deploys Cognos
Posted: 17 December 2007
Business intelligence and performance management solutions Cognos, joined partner Performance Systems in announcing phase one of a successful implementation at energy leader Al-Khafji Joint Operations (KJO).

:: Enoc takes part in Singapore conference
Posted: 17 December 2007
Dubai-owned diversified energy group Emirates National Oil Company (Enoc), participated in Global Entrepolis Singapore Conference (GESC).