Gulf Oil and Gas Newsletter Nov 2008 Vol 6 Issue 44

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Gulf Oil and Gas Newsletter Nov 2008 Vol 6 Issue 44

8/10/2009 1:04:45 PM

tonyGOG

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Gulf Oil and Gas Newsletter Nov 2008 Vol 6 Issue 44
Modified By tonyGOG on 8/19/2009 5:31:56 AM)

Newsletter Volume 06 Issue 44

Asia & Middle East Highlights

SPD Production Record
Sibir today announces that the crude oil production rate at its Salym fields exceeded 140,000 barrels per day (bopd), a new record. The Salym fields are located in western Siberia and are operated by Salym Petroleum Development NV (SPD), Sibir’s 50:50 joint venture with Shell. . More...

Soco Presents iIts Interim Management Statement for the Period From 1 July 2008 To 4 November 2008
SOCO Interim Management Statement for the period from 1 July 2008 to 4 November 2008 is: Further exploration and appraisal success in Vietnam, Two projects commence production, in Vietnam and Thailand and Strong cash position further underpinned by production revenues. More...

UAE's Crescent, Dana Eye 4 Gas Cities
The UAE's Crescent Petroleum and affiliate Dana Gas DANA.AD are planning to set up at least four gas cities in the Middle East and North Africa region as it seeks to tap growing demand for hydrocarbons. . More...

Advanced Polypropylene Company and CB&I Announce Successful Start-Up of Polypropylene Complex
Advanced Polypropylene Company and Lummus Technology, a CB&I company, today announced the successful commissioning of a polypropylene complex in Al-Jubail, Saudi Arabia. The plant, which has a capacity of 455,000 metric tons per annum is currently operating above the nameplate capacity. CB&I served as the PMC contractor on this fast-track project, which was completed in 32 months from EPC award to mechanical completion. . More...

Africa Highlights @ GulfOilandGas

Total has Acquired Interests on blocks OPL 279 and 285 in deep offshore Nigeria
Total announces that it has signed an agreement with OMEL(1) Energy Nigeria Limited (OENL) and OMEL Exploration and Production Nigeria Limited (OEPNL) to acquire interests of 25.67% in deep offshore license OPL 285 and 14.5% in deep offshore license OPL 279. OENL will remain the operator for block OPL 285 and OEPNL the operator for block OPL 279. The Nigerian company EMO Exploration and Production Limited is also partner on both of the blocks. . More...

Chevron Sells Marketing Businesses in Kenya and Uganda
Chevron Corporation today announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell 100 percent of its shareholdings in Chevron Kenya Limited and Chevron Uganda Limited to Total Outre Mer S.A (Total). Under the terms of the sales, Total is to acquire Chevron's marketing businesses in both countries. Chevron Kenya Limited and Chevron Uganda Limited's assets include 165 Caltex-branded service stations, one terminal, seven fuel depots, six aviation facilities, one lubricants blending plant, and a commercial and industrial fuels business. . More...

Events @ GulfOilandGas

2nd UEMOA Min-Tel Conference & Showcase
After a successful debut in 2006 Niger will host the 2nd UEMOA Min-Tel Conference & Showcase from the 24th to the 26th of February 2009. This event aims at boosting the mining, petroleum and telecommunication industry in the UEMOA region (Member countries of the Union are: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo). More...

MRO Spares Optimisation
4 November, Malaysia: In today’s demanding and highly competitive market, spares management are becoming more complex, making it critical for plant operations to find solutions that will assist in synchronising its processes. Spares are not only significant business expenses but the lack of appropriate parts can result in costly downtime. More...

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Oil Market @ GulfOilandGas

Oil Market Highlights - Oct 08
Crude oil prices continued their bearish trend with the weak economic outlook foreseen to dent oil demand growth. The strengthening of the US dollar added to the downward momentum. Financial market turmoil strengthened the gloomy sentiment dominating the global market. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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