Gulf Oil and Gas Newsletter April 2008 Vol 6 Issue 15

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Gulf Oil and Gas Newsletter April 2008 Vol 6 Issue 15

5/4/2008 9:44:11 AM

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Gulf Oil and Gas Newsletter April 2008 Vol 6 Issue 15

Newsletter Volume 06 Issue 15

Asia & Middle East Highlights

Lundin Petroleum signs 3 new PSCs in Malaysia
Lundin Petroleum announced that its wholly owned subsidiary, Lundin Malaysia BV, has signed three new PSCs with Petronas in Kuala Lumpur. The PSCs cover Blocks PM308A and PM308B in the Penyu Basin offshore Peninsular Malaysia and Block SB303, offshore Sabah. More...

TNK-BP Will Invest $60 Million in 2008 into Development of the Russkoe Field
TNK-BP is going to invest $60 million into development of the Russkoe field in the Yamalo-Nenets Autonomous Area, said Sergey Brezitsky, Executive Vice President, Upstream, TNK-BP. According to Mr. Brezitsky, two horizontal wells drilled in the field are already producing oil at a rate of approximately 150 tons a day. More...

Parker Drilling Announces Sale of Interest in Saudi Arabian Joint Venture
Parker Drilling Company announced that a subsidiary has executed an agreement to sell its 50 percent interest in its Saudi Arabian joint venture, Al-Rushaid Parker Drilling Company to an affiliate of the Saudi company which currently owns the remaining 50 percent interest. More...

Borouge announces further strategic expansion of polyolefins operations beyond Borouge 2
Borouge announced that it has initiated the feasibility study for Borouge 3, a further expansion of its polyolefin operations in Abu Dhabi to add approximately 2.5 million tonnes per year of capacity by 2014. More...

Africa Highlights @ GulfOilandGas

Total sells 20% of Taoudenni permits in Mauritania to Qatar Petroleum
Total announced that it has sold a 20% stake in the Taoudenni Ta7 and Ta8 permits in Mauritania to Qatar Petroleum International. Total is the operator, with a 60% stake now. The blocks represent a total surface of 58,000 square kilometres. More...

Addax Petroleum Announces New Acreage Award Offshore Cameroon
Addax Petroleum announced that it has signed a Production Sharing Contract with the Republic of Cameroon, relating to the Iroko exploration license area. Under the PSC, Addax Petroleum acquires a 100 percent interest in the Iroko license area and is the operator. More...

Events @ GulfOilandGas

1st International Nigeria Gas Conference & Exhibition
Nigeria Gas 2008 is organized by ITE Group, FSG Communications, Redsquare Africa and Clearwater Research Services under the high patronage of NNPC and the Ministry for Petroleum Resources.

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 and engineering.

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Oil Market @ GulfOilandGas

Crude Oil Price Movements - Mar 08
OPEC Reference Basket: the market emerged in early February on a weaker note amid recession fears while US crude oil inventories continued to stockpile heavily amid lower refinery runs. The prospect of lower demand amid weak margins lent support to market bearishness. 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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