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 Gulf Oil and Gas Newsletter June 2007 Vol 5 Issue 22
 
 6/9/2007 10:27:49 AM
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Gulf Oil and Gas Newsletter June 2007 Vol 5 Issue 22
Gulf Oil and gas Home Page

Newsletter Volume 05 Issue 22

  Middle East Highlights @ GulfOilandGas
J. Ray McDermott Awarded Major Saudi Aramco Offshore Contract
McDermott International, Inc. confirmed that its subsidiary, J. Ray McDermott, S.A. was awarded a four-year project by Saudi Aramco to engineer, procure, construct, install, hook-up and commission the Manifa Field Facilities in the Arabian Gulf.  More... 		 

Gulfsands Announces Multi-zone Oil and Gas Discovery at Khurbet East - 1 Well, Syria
Gulfsands Petroleum plc announced that drilling and initial testing operations on the Khurbet East ("KHE-1") discovery well in Syria Block 26, where Gulfsands is operator and owner of 50% interest, have now been completed after a successful drill-stem test of the deepest productive reservoir encountered in the well-bore.  More... 		 

  Africa Highlights @ GulfOilandGas
Saipem awarded a new onshore contract in Algeria worth approximately euro 700 million
Saipem has been awarded a new onshore contract in Algeria for an oil treatment plant, located in Hassi Messaoud, some 800 kilometres southeast of Algeria.  More... 		 

Bechtel Wins Brass LNG Project Management Contract
Brass LNG Limited announces that it has entered into a Project Management contract with Bechtel Corporation of the United States to manage some aspects of construction work on the Brass LNG Project.  More... 		 

  Events @ GulfOilandGas
Oil & Gas Legal Congress 2007
Malaysia, Indonesia and the Philippines mirror the global trend on NOCs gaining more and more negotiating power today. While operators struggle to comply with PSCs, contractors, on the other hand, clamor for a more reasonable allocation of liabilities and risks.  		 

Advanced EOR/IOR 2007
EOR is a survival strategy and you know for sure that you can’t afford to mess this up. Oil & Gas IQ’s 4th Advanced EOR/IOR conference.  		 

Data & Knowledge Management for Asian Oil & Gas 2007
The use of data systems has been extensive in the industry but only 60% of information is retrievable in a sea of increasing data. More companies are now investing in data integration to solve this and have talked about of cost savings of up to 30%.  		 

 

 

 

  Oil Market @ GulfOilandGas
The Tanker Market - May 07
OPEC spot fixtures continued to decline in April for the third consecutive month falling by 0.46 mb/d to reach 12.4 mb/d, the lowest level so far this year. However, despite the 4% decrease on a monthly basis, OPEC spot fixtures in April showed an annual growth of 3%.  More...
World Oil Supply
World Oil Demand
Balance of Supply/Demand



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