Gulf Oil and Gas Newsletter Mar 2006

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Gulf Oil and Gas Newsletters 2006

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Gulf Oil and Gas Newsletter Mar 2006 - 01

5/24/2007 2:49:21 PM

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Gulf Oil and Gas Newsletter Mar 2006 - 01

	NEWS LETTER
	Volume 032006

Oil Market @ GulfOilandGas

Near-term outlook for non-OPEC Crude Supply (OPEC): Following a dismal year in 2005, non-OPEC oil supply is expected to see a sharp rise in growth of 1.4 mb/d in 2006. A key question for the market is whether this higher growth represents a short-lived rebound, or the start of a healthier trend that can be sustained in the coming years. More...

Middle East Highlights @ GulfOilandGas

ShawCor Awards Kuwait Pipeline Contract
ShawCor Ltd. announced that its subsidiary, Bredero Shaw Middle East Ltd., has been awarded a Letter of Intent with a value of approximately US$44 million to provide offshore pipe coating services for the KOC Crude Oil Export Facilities Project in Kuwait. More...

Parker Drilling Announces Joint Venture and New Contracts in Saudi Arabia
Parker Drilling Company and Abdullah Rasheed Al-Rushaid Company for Drilling Oil and Gas Limited announced the formation of a joint venture company which will perform four drilling contracts, each with a term of three years with a one year option, awarded by Saudi Aramco. More...

Africa Highlights @ GulfOilandGas

Total Makes New oil Discovery on Block NC 186, Libya
Total (24%) and partners Repsol YPF (operator), OMV and Saga have made a seventh oil discovery in Libya’s Block NC 186, in the Murzuq Basin 800 kilometres south of Tripoli. During production testing, the K1 well flowed at a rate up to 2,300 barrels of oil per day. More...

Hydro signes Contract for Exploration and Production Offshore Mozambique
The Exploration and Production Concession (EPC) Contract for Areas 2 & 5 in the Rovuma Basin offshore Mozambique was signed between the government of the Republic of Mozambique, the national oil company Empresa Nacional de Hidrocarbonetos (ENH) and Hydro. More...

Events @ GulfOilandGas

CIPPE (China International Petroleum & Petrochemical Technology and Equipment Exhibition)
Cippe is held every April in Beijing known as the premier exhibition in the petroleum and petrochemical industries in China. Cippe has been the most important industrial show in Asia with China's largest exhibit space, highest quality and most international exhibitors.

Facilities Management Confrence 2006
This conference will allow key players in this region an opportunity to gain the knowledge and insights from experts and to maximise future profitability from implementing an efficient facilities management.

MOC 2006 Alexandria
MOC has now received from the international market the confirmation of its role and importance,as the Southern Mediterranean meeting in conjunction with OMC as the Northern Mediterranean meeting.

World Oil Supply

World Oil Demand

Balance of Supply/Demand

www.gulfoilandgas.com

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Gulf Oil and Gas Newsletters 2006

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