Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 20

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Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 20

5/20/2008 2:54:59 PM

US_NL

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Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 20

Newsletter Volume 06 Issue 20

Asia & Middle East Highlights

MOL signed an agreement with ONGC to acquire 35% interest in an exploration block in India
MOL Hungarian Oil and Gas announced that it signed a Farm-out Agreement with ONGC to acquire 35% interest in an onshore exploration block in North-West India. This acquisition is in accordance with the recently signed Memorandum of Understanding with ONGC. More...

TriNorth Capital Earns Interest in Oil & Gas Concessions in Eastern Russia
TriNorth Capital announced that it has earned 50% ownership in a newly formed company, which through its subsidiaries owns a 100% interest in the Erbogachen and Kirensk oil and gas concessions in Eastern Russia. More...

Saudi Aramco and Total confirm Jubail Refinery Project
Saudi Aramco and Total have both confirmed their decision to invest in a 400,000 barrel per day world-class, full-conversion refinery in Jubail, Saudi Arabia. The refinery will process Arabian Heavy crude to high–quality refined products that will meet the most stringent global product specifications and is expected to begin operations at the end of 2012. More...

Chiyoda Awarded Onshore FEED & Execution Planning Order for the Barzan Project in the State of Qatar
Chiyoda Corporation awarded the Front-End Engineering Design (FEED) & execution planning contract for the Barzan Onshore Gas Plant which is located in the State of Qatar and under the responsibility of Qatar Petroleum. RasGas Company Limited will direct (oversee) the FEED work. More...

Africa Highlights @ GulfOilandGas

RWE Dea makes fifth Discovery in Libya
RWE Dea continues its exploration success with a fifth discovery in the Sirte Basin. Following three oil discoveries in Concession NC193 and one in Concession NC195 since late 2006, a second discovery in NC195 further strengthens RWE Dea’s position in Libya. More...

Tullow Oil Announces Successful Taitai-1 exploration well in Uganda
Tullow Oil announced that the Taitai-1 exploration well, drilled in the Butiaba region of Uganda Block 2, has encountered five metres of net gas pay and at least eight metres of net oil pay. A thick section of oil-stained basement was also encountered and provides upside potential both at Taitai-1 and elsewhere in the Lake Albert Rift Basin. More...

Events @ GulfOilandGas

World Engineering Congress
World Engineering Congress (WEC) offers solution providers a platform to meet your sales, marketing and business development objectives. This congress is the ideal intersection for engineers across industries to discuss and debate pivotal industry issues.

4th Annual Shutdown & Turnaround Forum
A good shutdown and turnaround plan is a form of good project management, taking key consideration of many principals and inter-department cooperation. Therefore it would need to address the specific needs and challenges that are a part of repairing continuous process equipment.

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Oil Market @ GulfOilandGas

Stock Movements - Apr 08
US commercial oil stocks dropped a further 7.2 mb in March to just below 970 mb but remained a comfortable 18 mb above the five-year average for the corresponding month. The draw was attributed to product inventories while crude oil stocks continued their upward trend. 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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