Gulf Oil and Gas Newsletter Sep 2008 Vol 6 Issue 37

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Gulf Oil and Gas Newsletter Sep 2008 Vol 6 Issue 37

10/16/2008 12:25:20 PM

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Gulf Oil and Gas Newsletter Sep 2008 Vol 6 Issue 37

Newsletter Volume 06 Issue 37

Asia & Middle East Highlights

CB&I Awarded Contracts for World-Scale Petrochemical Complex in India
CB&I awarded contracts with an overall value in excess of US$45 million by Essar Gujarat Petrochemicals Limited for technology licenses and basic engineering related to a major grassroots petrochemicals complex in Vadinar, Gujarat, India. More...

Kingdom of Saudi Arabia and Chevron Extend PNZ Operating Agreement 30 years
Chevron Corporation announced the extension and amendment of its agreement with the Kingdom of Saudi Arabia. This agreement grants Chevron the right to operate on behalf of the Saudi government for its 50 percent undivided interest in the petroleum resources of the onshore area of the Partitioned Neutral Zone (PNZ) between the Kingdom and the State of Kuwait. More...

Velosi Announces A Major Contract Win in Saudi Arabia With Saudi Aramco
Velosi Limited announced that its Saudi Arabian unit has been awarded a major five year General Inspection Services Contract with Saudi Aramco effective from July 2008 until the second quarter of 2013. More...

Total Signs Three Oil and Gas Agreements in Syria
Total signed three oil and gas agreements in Syria that will strengthen the Group’s long-term presence in the country. The first agreement renews the Deir Ez Zor oil license, wholly-owned by Total and jointly operated by Total and the Syrian Petroleum Company via the Deir Ez Zor Petroleum Company joint venture. More...

Africa Highlights @ GulfOilandGas

Eni announces agreement to acquire First Calgary Petroleums
Eni S.p.A. announced that it reached an agreement to acquire all the common shares of First Calgary Petroleums. First Calgary has a 75% interest in the perimeter of Ledjmet (Block 405b), located in Algeria, which includes several fields, with total resources in excess of 1.3 billion boe, of which approximately half is gas. More...

PA Resources Farm-Out Interest in Marine XIV
PA Resources Congo entered into a farm-out agreement to sell 29.4 percents working interest in the license Marine XIV to SOCO Exploration and Production Congo, 21.55 percents interest to a subsidiary in Lundin Petroleum and 21.55 percents interest to Raffia Oil SARL. SOCO EPC will become the operator of the block. More...

Events @ GulfOilandGas

Global Refining Strategies
Global Refining Strategies, Houston 2008 brings together the world’s refining leaders to explore strategies that can be implemented to improve the long-term value of the refining business in the face of tighter environmental mandates, market uncertainties and heightened security measures.

Offshore Middle East 2008
Offshore Middle East is an exciting new conference and exhibition for the oil and gas industry of the Gulf region, delivering new opportunities and unique information and learning for offshore oil and gas exploration and production.

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Oil Market @ GulfOilandGas

Product Markets and Refinery Operations - Aug 08
Deteriorating demand in the OECD countries, particularly in the US along with costly crude oil significantly undermined refining economics across the world in July. The current sentiment in the product markets may build further over the next months with the approaching end of driving season, resulting in product market fundamentals easing further. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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