Gulf Oil and Gas Newsletter Sep 2008 Vol 6 Issue 36

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Gulf Oil and Gas Newsletter Sep 2008 Vol 6 Issue 36

10/16/2008 12:19:48 PM

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Gulf Oil and Gas Newsletter Sep 2008 Vol 6 Issue 36

Newsletter Volume 06 Issue 36

Asia & Middle East Highlights

Lukoil, ConocoPhillips’ Yuzhno Khylchuyu (YK) Field Production Begins
Lukoil President Vagit Alekperov and ConocoPhillips Chairman and CEO Jim Mulva participated in a special ceremony on the occasion of the startup of the Yuzhno Khylchuyu (YK) field located in the Nenets Autonomous District. The field is developed by OOO Naryanmarneftegaz, a Lukoil and ConocoPhillips joint venture (70% and 30%, respectively). More...

CNPC and Turkmengaz State Concern sign framework agreement on expanding natural gas cooperation
CNPC President Jiang Jiemin and Deputy Prime Minister of Turkmenistan Tachberdi Tagiyev signed a framework agreement on expanding cooperation in natural gas sector between CNPC and Turkmengaz State Concern in Ashgabat, capital of Turkmenistan. More...

AMEC wins five-year offshore programme management consultancy contract, Abu Dhabi
AMEC awarded a five-year programme management consultancy (PMC) contract by Zakum Development Company (ZADCO) in Abu Dhabi, United Arab Emirates. The reimbursable contract is estimated to be worth US $75 million over the five years - the largest oil-related PMC contract ever awarded by ZADCO. More...

Mubadala and Petrofac Establish a New Joint Venture
Petrofac Limited and Mubadala Petroleum Services Co. announced their plans to establish a joint venture company, Petrofac Emirates LLC. Based in Abu Dhabi and scheduled to begin operation within the next few months, the new company will provide a full range of engineering, design, procurement and construction services for onshore oil and gas, refining and petrochemical projects throughout the United Arab Emirates. More...

Africa Highlights @ GulfOilandGas

Major new order for fertiliser complex in Algeria
The Algerian company Sorfert Algérie Spa has commissioned Uhde to provide comprehensive licensing, engineering and supply services as part of a contract to build a large fertiliser complex in Arzew, some 350km north-west of the Algerian capital Algiers. More...

Addax Petroleum Announces Acquisition in Gabon
Addax Petroleum announced that it has acquired a 50 per cent interest in the Gryphon Marin license area subject to final Government of Gabon approval. Addax Petroleum will become operator of the Gryphon Marin license area which is immediately west of the Corporation’s Iris Marin and Ibekelia license areas and immediately north of the Corporation’s Etame Marin license, offshore Gabon. More...

Events @ GulfOilandGas

ADIPEC 2008
ADIPEC is the largest oil and gas show in the world, attracting more IOC's, NOC's and Operating Companies than any other exhibition. Expected to be a four day mega event - a veritable showcase of the latest in technologies, products, services and trends across the industry - the exhibition has companies from 35 countries including 18 pavilions.

OGS 2008
OGS 2008 is the technical event for engineers, technicians, professionals and procurement experts in the energy, automation and manufacturing sectors. The multi-platform event cultivates synergy by hosting exhibitors from related industry sectors to make it the most concentrated regional event for engineers and technicians from energy, water and automation fields.

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Oil Market @ GulfOilandGas

The Tanker Market - Aug 08
OPEC spot fixtures were almost steady in July compared to the previous month, increasing by less than 1% to reach 14.0 mb/d, according to preliminary data. The slight rise was supported mainly by the increase in both Middle East/East and Middle East/West route spot fixtures which rose on average by 3.0% over the previous month. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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