Gulf Oil and Gas Newsletter June 2006

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Gulf Oil and Gas Newsletter June 2006 - 01

5/24/2007 3:33:50 PM

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Gulf Oil and Gas Newsletter June 2006 - 01

	NEWS LETTER
	Volume 062006

Middle East Highlights @ GulfOilandGas

ConocoPhillips Signs Yanbu' Refinery Pact
Saudi Aramco and ConocoPhillips Wednesday signed a comprehensive Memorandum of Understanding (MOU) to conduct a detailed evaluation for the proposed development of a 400,000 barrel-per-day, full-conversion refinery in Yanbu', Saudi Arabia. The refinery would be designed to process Arabian heavy crude and produce high-quality, ultra-low sulfur refined products that meet current and future U.S. More...

Saudi Aramco and Total sign an oil deal
The Saudi Arabian Oil Company (Saudi Aramco) and Total today signed a comprehensive Memorandum of Understanding (MOU) related to the planned development of a 400,000 barrel per day world-class, full-conversion refinery in Jubail, Saudi Arabia. More...

Africa Highlights @ GulfOilandGas

Chevron Releases Obo-1 Well Results
The Nigeria – Sao Tome & Principe Joint Development Authority, Chevron and its co-venturers Esso Exploration and Production Nigeria-Sao Tome (One) Limited, and Dangote Energy Equity Resources, have encountered hydrocarbons in the Obo-1 exploration well in Block 1 of the Nigeria – Sao Tome and Principe Joint Development Zone. More...

Successful Completion and Delivery of the Third and Fourth MODEC TLPs
MODEC International LLC announces the successful completion and delivery of the third and fourth MODEC Tension Leg Platforms (TLP). These two units were delivered to Amerada Hess Equatorial Guinea, Inc. (AHEGI). More...

Events @ GulfOilandGas

OSEA2006
This international event will bring together 10,000 industry professionals to tackle the pertinent concerns of the Asian oil and gas industry, from its technological front to changing market trends and expectations to new business potential and the running of its daily operations.

Produced Water Management in Oil & Gas
Top 5 reasons why you CAN afford time out of the office: 1)Holistic coverage of business critical produced water issues: a multidisciplinary subject deserves a multidisciplinary agenda with equal coverage for both operational and production issues.

Middle East Construction Project Risk Management Summit
5 Essential reasons why you need to attend.1) Keep your finger on the pulse, 2) Develop durable relationships, 3) Practical solutions, 4) Protect future interests, 5) Unrivalled networking opportunities.

Asset Integrity Management for Oil and Gas
Asset integrity systems and strategies are currently being developed by operators large and small to extend the life of an increasing number of assets. With large amounts of investment being pushed into asset integrity and large scale organizational change involved, you need to be sure you are making the right decisions every step of the way.

Oil Market @ GulfOilandGas

Highlights: World Economy - May 06
As expected, the US economy rebounded from the hurricane-affected final quarter of 2005 and recorded growth of 4.8% in the first quarter of this year. Nominal GDP surged by 8.2% as higher energy costs boosted the rate of increase of the GDP price index to 3.3%. There was no change in the driving forces of the US expansion. Real consumer spending jumped by 5.5% based on a strong performance in January and stability thereafter. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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