Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 13

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Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 13

3/31/2008 2:31:16 PM

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Gulf Oil and Gas Newsletter March 2008 Vol 6 Issue 13

Newsletter Volume 06 Issue 13

Asia & Middle East Highlights

Technip awards an engineering contract for the Shtokman gas project
Technip has been awarded by Shtokman Development Company the lumpsum front-end engineering design (FEED) contract for the onshore portion of the first phase of the Shtokman gas project in Russia. More...

Leighton International wins US$720 million pipeline project in India
Leighton International has been awarded a US$720 million contract for the construction of offshore pipelines in India for ONGC. The project, PRP - 2 (Pipeline Replacement Project - 2), involves engineering, procurement and installation of over 200 kilometres of fixed and flexible pipelines of various diameters in the Mumbai High field some 80 kilometres off the coast of Mumbai. More...

Hercules Offshore Announced Three-Year Contracts for Hercules 300 and Hercules 261 in Saudi Arabia
Hercules Offshore announced it has signed contracts to provide Saudi Aramco with two jackup drilling rigs for three-year terms plus one-year fixed price options at the same rate. The Hercules 300 and Hercules 261, currently known as the High Island I and High Island VIII, respectively, will fulfill the contract commitments. More...

Petrofac Awarded Jihar Gas Plant Project in Syria
Petrofac has received a letter of intent for the award of a Euros €291 million (US$454 million) lump-sum contract by the Hayan Petroleum Company in Syria to construct a gas treatment plant. The plant will be built on the Jihar field in the Hayan Block, located near to the town of Palmyra, which consists of the gas/condensate/oil fields for Jihar, Al Mahr & Jazal. More...

Africa Highlights @ GulfOilandGas

Total cedes 20% of Taoudenni permit in Mauritania to Sonatrach
Total announced that it has ceded a 20% stake in the Taoudenni permit in Mauritania to Sonatrach. The permit was previously 100% owned by Total. Total is the operator, with an 80% stake. This transaction has been approved by the Mauritanian Ministry of Oil and Mines. More...

Galp Energia And Visabeira Mozambique Sign A Cooperation Memorandum For Biofuel Projects
Galp Energia and Visabeira Mocambique signed a cooperation memorandum for the development of an agro industrial project in Mozambique that aims the production, commercialization and distribution of biofuels, to export to Portugal where they will be processed at Galp Energia’s biodiesel units and for production of biodiesel in Mozambique for domestic consumption. More...

Events @ GulfOilandGas

MMEC 2008, Mozambique Mining & Energy Conference
MMEC is designed to showcase and explore developments in Mozambique’s minerals and energy resources, organised jointly by AGMM and AME Trade Ltd. The event will focus on the potential opportunities, lessons learned by key investors and current developments in these sectors.

Asian Oil & Gas Show 2008
With rapidly increased interests and needs in the oil and gas industry in Asia-Pacific region, INDEX Conferences & Exhibitions Organisation Est. is delighted to host the ‘Asian Oil and Gas Show 2008’ with the Korea Petroleum Association, which will be a platform for opportunities and future developments in exploration, production, marketing, logistics, transportation, engineering, technologies, services, project management, finance and environment of oil and gas business.

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Oil Market @ GulfOilandGas

The Oil Futures Market - Mar 08
Non-commercials short positions continued to reduce net long positions in February as longs fell at a faster rate than short positions, according to the weekly CFTC report. The net change was down by 2,400 lots to nearly 27,500, the lowest level since August. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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