Gulf Oil and Gas Newsletter April 2008 Vol 6 Issue 14

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Gulf Oil and Gas Newsletter April 2008 Vol 6 Issue 14

4/10/2008 11:52:03 AM

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Gulf Oil and Gas Newsletter April 2008 Vol 6 Issue 14

Newsletter Volume 06 Issue 14

Asia & Middle East Highlights

ExxonMobil and Petronas Sign Agreement for New Production Sharing Contract
ExxonMobil Exploration and Production Malaysia and Petronas will continue to work together to help ensure sustainable energy supplies for Malaysia under a planned new 25-year production sharing contract. More...

J. Ray McDermott Awarded Chevron Platong Gas II Project
McDermott International announced that subsidiaries of J. Ray McDermott were recently awarded an engineering, procurement, construction and installation ("EPCI") contract by Chevron Thailand Exploration and Production for the Platong Gas II Project in the Gulf of Thailand. More...

RIL Announces Second Gas Discovery in Deepwater Exploration Block in Krishna Basin
Reliance Industries Limited announced another discovery in exploratory block KG-DWN-2003/1of Krishna Basin. The deepwater block awarded in NELP-V is situated 45 kms away from the coast and covers an area of 3288 Sq. Km. This is the second gas discovery in this block. More...

TransAtlantic Announces Farmout Of Turkey Exploration Licenses
TransAtlantic Petroleum announced it has farmed out Blocks 4173 and 4174, two of its exploration licenses in southeastern Turkey, to an oil and gas exploration company with operations in Turkey. In exchange for a 75% interest in both the exploration licenses, the company will drill an exploration well before the end of this year to test the Bedinan Ordivician formation (approximately 3,700 meters) on one of the licenses. More...

Africa Highlights @ GulfOilandGas

Saipem awarded new Offshore contract in Nigeria
Saipem has been awarded the contract for the Umbilicals, Flowlines, Risers and Oil Loading Terminal (UFR & OLT) activities for the subsea development of Usan deepwater field, located off the coast of Nigeria, about 160 kilometres South of Port Harcourt. The contract is worth in excess of USD 1.3 billion. More...

StatoilHydro Announces Fourth discovery in Hassi Mouina, Algeria
Operator StatoilHydro and partner Sonatrach have completed the drilling and testing of exploration well number four in the Hassi Mouina license, in the Sahara desert in Algeria. The partners have proven and tested gas in Lower Carboniferous and Upper Devonian sandstones. More...

Events @ GulfOilandGas

MOC 2008
MOC 2008 Mediterranean Offshore Conference & Exhibition will be held on May 20-22, 2008 in Alexandria, Egypt with the High Patronage of the Minister of Petroleum of Egypt. MOC 2008 is not only the main Egyptian meeting for the oil & gas industry: it is a worldwide recognised international business forum for all the industry professionals and technicians.

Global Refining Summit 2008
Join us in Barcelona for Global Refining 2008 – the annual ‘must attend’ conference and networking event that brings together refinery operators from the world’s leading oil and gas companies.

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Oil Market @ GulfOilandGas

The Tanker Market - Mar 08
OPEC spot fixtures continued to rise with an increase of 4% in February from the previous month. The increase came despite the decline in global activities due to various holidays and events that kept market players away from their desks. The increase in OPEC spot fixtures supported global fixtures, which remained relatively steady with a minor decline of 0.3%. 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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