:: Jeddah summit ends
Posted: 23 June 2008
Emergency oil summit calls for price transparency and more spare oil

:: Dolphin Energy to manage Adnoc pipeline network
Posted: 23 June 2008
Dolphin Energy will use a major pipeline distribution network owned by Abu Dhabi National Oil Company (Adnoc) to supply gas to its clients in the UAE and Oman under a long-term lease agreement it signed in Abu Dhabi last week.

:: Mashreq could play key role in Gulf-Europe gas transit, says Shell
Posted: 23 June 2008
The Mashreq region could play a key role in the increased transit of gas from Gulf countries to the major markets of Europe, a senior Shell executive said in a European Union – Mashreq conference in Damascus, Syria.

:: DGCX hit record volumes for WTI contract
Posted: 23 June 2008
Dubai Gold and Commodities Exchange (DGCX) have achieved record volumes for its new crude oil futures contract, the exchange said.

:: Lamprell scores biggest contract
Posted: 23 June 2008
UAE-based oil services firm Lamprell has landed on a $186 million drilling rig job, its biggest contract so far, the company has announced.

:: Iraqi oil ministry opens bids for new tankers
Posted: 23 June 2008
Iraq has invited bids from local and international companies for two new oil products tankers and another for chemical products, the Oil Ministry said last week.

:: Circle Oil to pursue Block in Oman
Posted: 23 June 2008
Independent E&P player, Circle Oil has been granted by the Omani Oil & Gas Ministry to extend its seismic sweep in the Block 49 in Oman starting in July to pursue the prospective southern permit, the company said.

:: Halliburton takes over WellDynamics
Posted: 23 June 2008
Halliburton has reached an agreement with Shell Technology Ventures Fund 1 BV to acquire 49% or its remaining interest in WellDynamics to fully-own the company.

:: Shell, QSTP and Imperial College London pact on carbonate reservoir research
Posted: 23 June 2008
Shell, Qatar Science & Technology Park (QSTP) and Imperial College London will collaborate on research into further understanding carbonate reservoirs, which constitute the vast majority of hydrocarbon reservoirs across the Middle East, and CO2 storage.

:: FPSOs show strong growth by 2012
Posted: 23 June 2008
Over the next five years some $43 billion is likely to be spent on floating production systems as a total of 123 FPSs are installed worldwide according to a new research by energy analysts Douglas-Westwood.

:: Emerson releases new wireless manager application
Posted: 23 June 2008
Emerson Process Management has announced AMS Suite: Intelligent Device Manager 9.5 applications for planning and managing scalable wireless networks to support the growing demand for wireless solutions in the process automation industry.

:: Honeywell releases updated OneWireless version
Posted: 23 June 2008
Honeywell has announced an updated version of its OneWireless industrial wireless network equipment that is designed to be compatible with the end-user driven ISA100.11a industrial wireless communication standard.

:: SKUA promises easy 3D subsurface modeling
Posted: 23 June 2008
E&P software solutions provider, Paradigm has released Paradigm SKUA 2008, a new subsurface applications which promises a simple, one-click approach to 3D modeling that aims to bridge the gap between seismic and simulation by removing current modeling limitations.