:: Taqa completes acquisition of Brae assets
Posted: 07 January 2008
The Abu Dhabi National Energy Company (Taqa) has announced that its wholly-owned subsidiary Taqa Bratani Ltd has closed its acquisition of Talisman Energy (UK) Ltd’s non-operated interests in the Brae Area of the United Kingdom Continental Shelf (UKCS).

:: Dana Gas exceeds 2007 production goals in Egypt
Posted: 07 January 2008
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced an exit rate of 32,000 barrels of oil per day equivalent for 2007, exceeding company expectations.

:: Dolphin awards $212 million sulphur storage contract
Posted: 07 January 2008
Dolphin Energy Ltd has the award of a $212 million contract to double the capacity of Qatar ’s low sulfur condensate storage facilities.

:: Chakib Khelil is new Opec chief
Posted: 07 January 2008
Algerian Energy and Mines Minister Chakib Khelil took on Tuesday over the presidency of the Organization of the Petroleum Exporting Countries (Opec) for the year 2008, UAE state news agency reported.

:: KOC signs $334 million US deal
Posted: 07 January 2008
State oil explorer Kuwait Oil Co (KOC) has signed a new consultancy deal worth $334 million with U.S. firm Fluor Corp, state news agency KUNA said.

:: Sabic board ups capital to SAR 30 billion
Posted: 07 January 2008
Saudi Basic Industries Corporation (Sabic) Board of Directors has decided to increase in the company’s capital from SAR 25 billion to SAR 30 billion by granting one bonus share for every five shares, the company has announced.

:: Oilex start Oman drilling program
Posted: 07 January 2008
Sarha-1 exploration well is the first of three exploration wells which will be drilled in a continuous sequence by Oilex in the Block 56 in Oman, the company has announced.

:: AGR Group’s RMR secures first jackup from BP
Posted: 07 January 2008
AGR Group had entered its first jackup agreement for its Riserless Mud Recovery (RMR) technology, on the jackup rig Constellation II in Egypt with BP, the company has announced.

:: KOC upgrades reservoir simulation software
Posted: 07 January 2008
Kuwait Oil Company (KOC) has deployed a Linux-based High Performance Cluster from Sun Microsystems to run its reservoir simulation software.

:: KNPC awards construction contract
Posted: 07 January 2008
Kuwait National Petroleum Company (KNPC) has awarded a contract to construction joint venture Hill and System Development and Project Management (SDPM) to provide consulting services during the construction of a new refinery located in the Al-Zour region, southern Kuwait.

:: Fugro hosts ME Ocean Science Expo
Posted: 07 January 2008
Fugro, as the major sponsor, is playing a major role in the inaugural Middle East Ocean Science and Technology Expo (MEOST 2008), the company has announced.

:: Mubarek wells produced over 31,000 barrels in October and November
Posted: 07 January 2008
More than 31,000 barrels of oil were produced from two Mubarek Wells in October and November, independent E&P company Sky Petroleum has reported.