Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 21

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Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 21

5/27/2008 1:46:53 PM

US_NL

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Gulf Oil and Gas Newsletter May 2008 Vol 6 Issue 21

Newsletter Volume 06 Issue 21

Asia & Middle East Highlights

Petronas Signs PSA and GTL Agreements in Uzbekistan
Petronas signed a Production Sharing Agreement (PSA) for a group of fields and a Heads of Agreement (HOA) for a gas-to-liquid (GTL) project in Uzbekistan, making further inroads into the Uzbek oil and gas industry. More...

LOI to Acquire Four Russian Oil Licences
Aladdin Oil & Gas has entered into a letter of intent to acquire 80 percent of four Russian oil licences in the Orenburg-area for USD 17, 5 million. One of the licences is presently in production and produces approximately 250 barrels of oil per day. The total reserves, C1 and C2, are estimated to 25 million barrels. More...

Saudi Aramco and ConocoPhillips Confirm Yanbu Export Refinery Project
Saudi Aramco and ConocoPhillips announced they have approved continued funding for the development of the Yanbu Export Refinery Project. The Saudi Aramco and ConocoPhillips project would construct a grassroots, 400,000 barrel-per-day, full-conversion refinery in the Yanbu Industrial City, in The Kingdom of Saudi Arabia. More...

Niko Signs First Production Sharing Contract in Kurdistan
Niko Resources announced that as operator for a consortium, it has entered into its first Production Sharing Contract ("PSC") with the Kurdistan Regional Government for the exploration, development and production of petroleum resources in the 846 square kilometre Qara Dagh Block in Sulaymaniyah governorate of the Federal Region of Kurdistan-Iraq. More...

Africa Highlights @ GulfOilandGas

Eni and the Republic of Congo launch a new integrated model of cooperation
Eni has launched a new model of cooperation in Congo. The Eni model combines the traditional activities of hydrocarbon exploration and production with sustainability and important initiatives with unconventional and renewable sources. More...

Acergy announces fabrication contract for its Globestar Yard in Warri, Nigeria
Acergy S.A. announced the award of a contract valued at approximately $50 million for the fabrication, assembly and testing of eight manifolds and support structures, eight suction piles, twenty-three well jumpers and other subsea structures for the Usan Oilfield located offshore Nigeria on behalf of Cameron Offshore Systems Nigeria Ltd. More...

Events @ GulfOilandGas

6th Maghreb & Mediterranean Oil & Gas Conference 2008
The 6th Maghreb & Mediterranean Oil & Gas Conference 2008 (17-18th June) is a landmark event for the North African region, with focus on exploration and development, oil and gas-LNG, new ventures, corporate strategies, National Oil Companies, Bid Rounds, new investment and oil-gas projects, energy law and oil finance, contracts and acreage licensing, and State strategies.

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.

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Oil Market @ GulfOilandGas

Oil Market Highlights - May 08
The OPEC Reference Basket reached a record high in April, increasing $6.13 or almost 7% over the previous month to average $105.20/b. Prices rose on geopolitical developments in the Middle East and supply disruptions in West Africa and Europe. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

www.gulfoilandgas.com

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Gulf Oil and Gas Newsletters 2008

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