Gulf Oil and Gas Newsletter Jan 2008 Vol 6 Issue 5

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Gulf Oil and Gas Newsletter Jan 2008 Vol 6 Issue 5

2/10/2008 9:03:22 AM

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Gulf Oil and Gas Newsletter Jan 2008 Vol 6 Issue 5

Newsletter Volume 06 Issue 05

Asia & Middle East Highlights

Chevron Initiates Production from Tengiz Expansion Projects
Chevron Corporation announced that its affiliate Tengizchevroil LLP has started up new facilities as part of the first phase of its expansion at the Tengiz Field in Kazakhstan. This initial expansion of 90,000 barrels per day brings Tengizchevroil's current capacity to a total of approximately 400,000 barrels per day. More...

Carnarvon Petroleum Signs L20/50 Concession Onshore Thailand
Executives of Carnarvon Petroleum attended an official signing with the Minister of Energy and Government officials for the newly awarded L20/50 concession in the southern Phitsanulok Basin. This was part of an extensive bidding round for oil and gas concessions by the Thailand Government intended to significantly expand the search for oil and gas. More...

OGDCL Announces Discovery Of Hydrocarbon In Pakistan
Oil and Gas Development Company Limited (OGDCL) has discovered gas and condensate in its Exploratory Pasakhi East Well No. 01. This well is located in district Hyderabad of Sindh province. It is a joint venture well between OGDCL (95%) and GHPL (5%) with OGDCL as operator. More...

Addax Petroleum Announces Update To Continued Appraisal Program At Taq Taq
Addax Petroleum announced flow test results for the TT-09 well, the fifth appraisal and development well recently drilled on the Taq Taq field by Taq Taq Operating Company, to carry out the petroleum operations in the Taq Taq license area. More...

Africa Highlights @ GulfOilandGas

RWE Dea Awarded New Concession In Libya
German RWE Dea has been awarded concession 58 in the Cyrenaica plateau in the latest licencing round in Libya. The agreement for the new concession was signed at the headquarters of the Libyan state-owned National Oil Corporation (NOC), in Tripoli on January 23, 2008. More...

Afren enters into a co-operation agreement with E.ON Ruhrgas AG and African LNG Holdings
Afren announced that it has entered into a co-operation agreement with E.ON Ruhrgas AG and African LNG Holdings. The Board of Afren is delighted to announce that the Company has signed a co-operation agreement with E.ON Ruhrgas AG and African LNG Holdings to investigate the availability and accessibility of gas in Nigeria, with a focus on the Anambra Basin and South Eastern regions. More...

Events @ GulfOilandGas

Oil & Gas Refinery Asia 2008
This conference will address the challenges faced by the refiners in all the emerging markets and will cover key topics such as refinery economics, supply and demand issues, investment strategies and opportunities, the impact of high oil prices, refinery integration as well as the latest in technological advances and the expansion of low-cost production facilities.

Oil and Gas West Asia
Oil & Gas West Asia (OGWA) is the only major event in the Sultanate of Oman for the region’s vibrant oil & gas industry. Held under the patronage of Oman’s Ministry of Oil & Gas, it highlights the latest developments in the industry as well as the new products and technologies that are now available in the market.

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Oil Market @ GulfOilandGas

Oil Market Highlights - Jan 08
In monthly terms, the OPEC Reference Basket averaged $1.80 or 2% lower to stand at $87.19/b in December as weaker economic growth was seen denting demand into the New Year and speculative pressure eased slightly. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

www.gulfoilandgas.com

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Gulf Oil and Gas Newsletters 2008

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