:: Key Qatar-China LNG deal sealed
Posted: 14 April 2008
Qatargas, Shell and PetroChina signed binding sales and purchase agreements that will lead to the long-term supply of liquefied natural gas (LNG) originating from Qatar to the rapidly growing Chinese market.

:: BP head: utilize majors’ expertise
Posted: 14 April 2008
The looming energy shortage faced by the booming GCC-economies could be addressed through full cooperation between resource-owning countries and international oil companies, according to a top BP executive.

:: IEA sees slip in global oil demand
Posted: 14 April 2008
World oil demand will rise less than expected in 2008 because of slower economic growth in the United States and other industrialised countries, according to the International Energy Agency (IEA), Reuters news agency reported.

:: Sabic abandons $1bn Osos talks
Posted: 14 April 2008
Saudi Basic Industries Corporation (Sabic) has announced that it has pulled out of negotiations on taking a $1 billion stake on a petrochemical project after the parties did not reach a final agreement on the project.

:: Kuwait, Japan sign $6 bn Vietnam oil refinery deal
Posted: 14 April 2008
State-run Kuwait Petroleum International (KPI) formed a joint venture last week with Japan's third-biggest refiner Idemitsu Kosan Co. to construct a $5.8 billion refining and petrochemical complex in northern Vietnam, state news agency KUNA said.

:: AlMansoori, Corex to open Abu Dhabi facility
Posted: 14 April 2008
Innovative leading oilfield service provider, AlMansoori Production Services (MPS), has signed a joint venture agreement with one of the world's leading core analysis companies, Corex, to establish a new facility in Abu Dhabi.

:: FPI to supply pipes for Ras Laffan Project
Posted: 14 April 2008
Large-diameter fiberglass pipe manufacturer, Future Pipe Industries (FPI), has won a major new contract to supply Fiberstrong fiberglass pipes and fittings for Phase 2, category II, of the project to expand the seawater cooling facility at Ras Laffan Industrial City, in Qatar.

:: RAK Petroleum names new chairman
Posted: 14 April 2008
RAK Petroleum has appointed Bijan Mossavar-Rahmani to its board of directors and to a newly formed position as chairman of the executive committee and managing director effective immediately.

:: IATMI achieves solid growth in one year
Posted: 14 April 2008
IATMI, an international circle of Indonesian petroleum engineers, has reached a three-fold growth membership in the region after establishing its Middle East chapter last year, a senior officer said.

:: Reliance awards, extends Transocean contracts
Posted: 14 April 2008
Ultra-deepwater drillship Dhirubhai Deepwater KG2 (formerly Deepwater Pacific 2), has been awarded a five-year drilling contract from Reliance Industries, said Transocean Inc, which owns 50% interest.

:: Octal to add 500,000 tpa of PET capacity
Posted: 14 April 2008
Oman-based Octal Petrochemicals will add 500,000 metric tonnes of production capacity in PET resins by May 2010, making it one of the world’s largest polyester producers with 800,000 metric tonnes of annual capacity.