Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 18

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Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 18

5/4/2008 9:50:14 AM

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Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 18

Newsletter Volume 06 Issue 18

Asia & Middle East Highlights

AMEC secures $500 million five-year contract in Azerbaijan
AMEC awarded a five-year Engineering Modification Services (EMS) contract for BP in Azerbaijan. The value of the new contract is estimated to be approximately US$500 million (£250 million) over the five years. More...

Discovery of hydrocarbon in Pakhro Well No. 01
Oil and Gas Development Company Limited discovered gas and condensate in its Exploratory Pakhro Well No. 01. The well is located in district Hyderabad of Sindh Province. It is a joint venture well between OGDCL (95% - Operator) and GHPL. More...

Halliburton Awarded Contract to Develop Manifa Offshore Project
Halliburton has been selected to provide a variety of oilfield services in support of the offshore portion of Saudi Aramco's Manifa mega-project. The Manifa project has a production target of 900 MBCD (thousand barrels of oil per calendar day), making it Saudi Aramco's second largest incremental oil production project. More...

Eni signs Memorandum of Understanding with Qatar Petroleum
Eni signed a Memorandum of Understanding with Qatar Petroleum International (QPI), a wholly owned subsidiary of Qatar Petroleum (QP), to seek joint investment opportunities in international projects in the exploration and production sector. More...

Africa Highlights @ GulfOilandGas

Total Announces Moho-Bilondo Brought on Stream Offshore Congo
Total E&P Congo announced that the deep offshore Moho-Bilondo field has been brought on stream in the Republic of the Congo, nearly a month ahead of schedule. Discovered in 1995, the field is located nearly 80 kilometres offshore in water depths ranging from 540 to 730 metres and contains estimated reserves of close to 230 million barrels of oil. More...

Start of drilling campaign on the Ezzaouia field in Tunisia
A new drilling campaign on the oil field Ezzaouia in Tunisia is about to start. Two production wells will be drilled during the second and third quarter 2008. The oil and gas group PA Resources has a 13.6 percent working interest in the license. More...

Events @ GulfOilandGas

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.

OSEA 2008
OSEA has established itself as the premier oil and gas exploration and production industry event for Asia since 1976. Come December, the world’s leading technologies and innovations will be assembled here at the heart of this thriving Asian market.

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Oil Market @ GulfOilandGas

The Oil Futures Market - Apr 08
Crude oil futures on the Nymex emerged on a bullish note in March. A fire at the natural gas pipeline at the Bacton terminal in Norfolk, England, triggered concern about heating fuel supplies amid a late winter cold snap. Production outages from Petroecuador and US dollar appreciation kept commodity investment high, in particular in the energy markets. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

www.gulfoilandgas.com

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