Gulf Oil and Gas Newsletter Feb 2008 Vol 6 Issue 9

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Gulf Oil and Gas Newsletter Feb 2008 Vol 6 Issue 9

3/17/2008 1:24:36 PM

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Gulf Oil and Gas Newsletter Feb 2008 Vol 6 Issue 9

Newsletter Volume 06 Issue 09

Asia & Middle East Highlights

Gazprom, Total and StatoilHydro Create Shtokman Development Company for the Shtokman gas field
Gazprom, Total S.A., and StatoilHydro signed a Shareholder Agreement relating to the creation of Shtokman Development AG. Gazprom holds a 51% stake in Shtokman Development AG while Total holds 25% and StatoilHydro 24% shares. The company is registered in Switzerland. More...

MMC AMEC wins Shell contract in the Philippines
AMEC has been awarded a detailed engineering design contract by Shell Philippines Exploration. Under the two-year contract, the value of which has not been announced, MMC AMEC will provide project management, engineering and related services for an asset integrity and de-bottlenecking project on the Malampaya gas field in the Philippines. More...

Rowan Obtains Three-Year Drilling Contract Offshore Saudi Arabia
Rowan Companies announced that its Tarzan Class jack-up, Bob Keller, has been awarded a term drilling contract for work offshore Saudi Arabia. The contract provides for a three-year term, over which the Company expects total revenues of approximately $201 million, and contains an option for a fourth year. More...

Dana Gas and Ikarus Petroleum enter into Strategic Alliance
Dana Gas has announced the signing of a Memorandum of Understanding (MoU) with Ikarus Petroleum Industries, a major Kuwaiti established company with ownership in several petrochemical ventures in the GCC states. More...

Africa Highlights @ GulfOilandGas

PGNiG Signs an Agreement with NOC
Polish Oil&Gas Company signed the Exploration and Production Sparing Agreement (EPSA) with the Libyan state-owned National Oil Corporation (NOC). National Oil Corporation also signed the Production Sharing Agreement with Polskie Gornictwo Naftowe i Gazownictwo S.A. More...

Bechtel Proceeds with LNG Construction in Angola
Angola LNG Limited has given Bechtel's Oil, Gas & Chemicals global business unit (Bechtel) notice to proceed with construction of a 5.2 million-metric-ton-per-year liquefied natural gas (LNG) train, along with storage and marine loading facilities for LNG, liquefied petroleum gas (LPG), and condensate. More...

Events @ GulfOilandGas

MENASAT@CABSAT 2008
Growing the broadband networking environment and the Middle East & North Africa satellite dynamic is the central focus of the GVF MENASAT@CABSAT 2008 Summit in Dubai, taking place at the International Convention & Exhibition Centre on 5th and 6th March, during CABSAT 2008.

14th Annual Latin Upstream 2008
This 14th Annual Latin Upstream is a key event for the Continent, focused on the exploration industry, gas-LNG and GTL - with Speakers from Latin America and worldwide on competition, National Oil Companies, strategy and portfolio, new ventures, new hydrocarbon potential, regional risks and management issues.

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Oil Market @ GulfOilandGas

The Tanker Market - Feb 08
Total spot fixtures increased 0.3 mb/d to stand slightly below 20 mb/d offsetting to some extent the loss of the previous month. The reason for the small gain in January could be attributed to the catching up process which normally follows the traditional lull in spot market activities during the second half of December. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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Gulf Oil and Gas Newsletters 2008

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