:: Dana Gas embarks on first GCC E&P venture
Posted: 17 March 2008
UAE-based Dana Gas, had signed for the first time, a $120 million deal with the Sharjah government for the exploration and development of the Western Offshore concession Sharjah, where the company is headquartered.

:: DNO signs revised KRG deal
Posted: 17 March 2008
Norwegian oil company DNO has signed revised agreements with the Kurdistan Regional Government (KRG) amending the production sharing contract it holds for the Dohok and Erbil license areas.

:: Oxy, IPIC enters investment deal
Posted: 17 March 2008
US major Occidental Petroleum Corporation (Oxy) has signed an agreement with Abu Dhabi’s International Petroleum Investment Company (IPIC) for joint participation in hydrocarbon-related investments.

:: Lundin completes Nyal-1 drill
Posted: 17 March 2008
Swedish independent E&P company, Lundin Petroleum announces that well Nyal-1, drilled on the Nyal prospect, reached total depth at 2,363 metres and will be plugged and abandoned as a dry hole. The well is located on dry land on the western flank of the southern Muglad Basin in Block 5B, Sudan.

:: Taqa in talks to buy North Sea assets
Posted: 17 March 2008
The Abu Dhabi National Energy Company (Taqa) has confirmed that it is under exclusive negotiations with Shell UK Limited (Shell) and Esso Exploration and Production (UK) Ltd (ExxonMobil) for equity purchase.

:: DIB signs Dh 577m for Gasco project
Posted: 17 March 2008
Dubai Islamic Bank (DIB) has announced that it has signed a Dh 577 million facility agreement with Dodsal Engineering & Construction to finance the replacement of the NGL Pipeline Network Project awarded by Abu Dhabi Gas Industries Limited’s (Gasco) to Dodsal.

:: Chemoil plans to boost Fujairah terminal capacity
Posted: 17 March 2008
Chemoil, one of the world’s leading physical suppliers of marine fuel products, has announced plans to further expand its GPS Chemoil terminal in Fujairah with additional capacity of between 500,000 to 600,000 cubic meters by 2010.

:: Invensys ties Egyptian joint venture with ENPPI and Gasco
Posted: 17 March 2008
Automation solutions provider Invensys Process Systems have joined ENPPI and Gasco in a joint venture to create Invensys Process System Egypt the first, 'Industrial Automation Engineering Centre of Excellence' in the country, the company has announced.

:: Taqa appoints first counsel general
Posted: 17 March 2008
The Abu Dhabi National Energy Company (Taqa), a publicly-listed company on the Abu Dhabi Securities Market, has announced the appointment of Carl Sheldon as its general counsel. 

:: ENOC appoints new Group General Manager
Posted: 17 March 2008
Enoc has appointed industry veteran Saif Humaid Al Falasi, as the new Group General Manager, the UAE-based oil company has announced.

:: Aveva launches new plant design software
Posted: 17 March 2008
Plant design and engineering solutions provider, Aveva, has launched Aveva PDMS 12.0, the next generation of productivity in plant design, the company has announced.