Gulf Oil and Gas Newsletter Jan 2006

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Gulf Oil and Gas Newsletters 2006

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Gulf Oil and Gas Newsletter Jan 2006 - 01

5/24/2007 1:57:36 PM

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Gulf Oil and Gas Newsletter Jan 2006 - 01
Modified By host on 10/29/2007 6:36:50 AM)

	NEWS LETTER
	Volume 012006

Oil Market @ GulfOilandGas

Oil Market Highlights - Dec 05: The world economy enters 2006 in very good health. The US economy has proved resilient as consumers and businesses have coped with the impact of the hurricanes. Next year should benefit from rising income growth, more stable energy prices and the stimulus of US Gulf Coast rebuilding. At last there are signs that the Euro-zone economies are seeing an improvement in business sentiment although consumer confidence remains subdued. More...

Middle East Highlights @ GulfOilandGas

Shell Adds Major LNG Supply and Regasification Projects to Portfolio
Royal Dutch Shell plc (Shell) announced two major additions to its global Liquefied Natural Gas (LNG) portfolio. In Qatar, the company has joined forces with Qatar Petroleum (QP) in the development of the large scale Qatargas 4 LNG project, while in the United States Shell has agreed to acquire additional capacity at the Elba Island LNG import terminal in Georgia. More...

J. Ray McDermott to Fabricate Additional Structures for Saudi Aramco
McDermott International, Inc. announced that subsidiaries of J. Ray McDermott, S.A. have been awarded additional work by Saudi Aramco to fabricate, transport, and install 16 additional jackets for the Maintain Potential project for the Berri, Marjan, Maharah, Safaniya, and Zuluf fields, offshore Saudi Arabia. The work is an extension to the contract J. Ray was awarded in August to fabricate and install five wellhead platforms for the Maintain Potential project. More...

Africa Highlights @ GulfOilandGas

Gulf Keystone Petroleum Provides Algeria Operational Update
Block 126A (Gulf Keystone 100%): Gulf Keystone has completed drilling, coring and logging operations at the GRJ-2 well on Block 126A in north eastern Algeria. Technical evaluation of the data received from the company's third party consultants has indicated that there are three separate potential reservoir intervals which may have the potential to contain hydrocarbons. More...

Roc Oil Announces Angolan Seismic Survey and 2006 Budget
Roc Oil (Cabinda) Company, a wholly owned subsidiary of ROC, advised that the processing and initial interpretation of the 162 sq km 3D and 505 km 2D seismic acquired in the Cabinda South Block, onshore Angola, between June and November 2005 continues to yield encouraging results with numerous prospects and leads and several different play concepts being identified. More...

Events @ GulfOilandGas

LNG Asia Pacific
The Pension & Investment Funds Summit Asia is a unique, exclusive summit that brings together senior level pension and investment executives from leading Asian organisations with senior representatives from the industry solution providers. This is the perfect event to examine the challenges and issues most relevant to the pensions industry. Pension & Investment Funds Summit Asia uses a unique flexible format that has been proven to ensure a highly effective direct channel to the market.

Reserves Valuation & Reporting Asia Pacific
Every year, reserve estimations and evaluations must be carried out for the purposes of reporting reserve numbers internally and externally. However, year after year, you end up facing: Uncertain geological estimations and conflicting reserves data, Ambiguous mixture of imprecise regulations, Varying corporate culture for reserves accounting<br>
The above all have one thing in common: They are barriers to accurate estimation, valuation and reporting of your reserves, and they have never been more critical to your company’s survival than they are now.

Drilling Fluids and Cutting Management Asia
Drilling fluids and cuttings management represent the second largest cost associated with production. You need to have the latest tools and techniques at your fingertips to keep overheads as low as possible. The industry is constantly evolving with new drilling fluids, new technologies and improved techniques being introduced into the market.

World Oil Supply

World Oil Demand

Balance of Supply/Demand

www.gulfoilandgas.com

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