Gulf Oil and Gas Newsletter July 2007 Vol 5 Issue 29

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Gulf Oil and Gas Newsletter July 2007 Vol 5 Issue 29

8/7/2007 12:09:09 PM

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Gulf Oil and Gas Newsletter July 2007 Vol 5 Issue 29

Newsletter Volume 05 Issue 29

Middle East Highlights @ GulfOilandGas

Technip Awarded Contract For Gas Facilities in The United Arab Emirates
Technip has been awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) an engineering, procurement and construction contract for the Zakum gas processing facilities offshore Abu Dhabi. Technip will have a 35% share of this contract, which is worth approximately USD 370 million. More...

New Technology to be Developed for Downhole Valves
Saudi Aramco and Schlumberger have executed an agreement to jointly develop a range of new technologies for intelligent completions that will lead to electrically-activated downhole control valves, and would therefore facilitate a theoretically unlimited number of intelligent laterals per well. More...

Africa Highlights @ GulfOilandGas

Saipem awarded a new onshore contract in Nigeria worth approximately USD 210 million
Saipem has been awarded a new onshore contract in Nigeria worth approximately USD 210 million. Shell Petroleum Development Company of Nigeria awarded Saipem the contract for the construction, installation and commissioning of a 30-inch onshore pipeline system, in Bayelsa and Rivers States. More...

Baraka Completes Mali Airborne Survey
Baraka Petroleum Limited confirms the completion of the airborne gravity survey of the five Blocks within the Taoudeni Basin region of Mali which commenced in December 2006. The gravity survey is the second stage of an ongoing work program within the five Taoudini Basin blocks in Mali. More...

Events @ GulfOilandGas

Energy Expo 2007
India is both a major energy producer and consumer. India currently ranks as the world’s eleventh greatest energy producer, accounting for about 2.4% of the world’s total annual energy production, and as the world’s sixth greatest energy consumer, accounting for about 3.3% of the world’s total annual energy consumption.

MANGISTAU 2007
Mangystau Oil & Gas took place for the first time in October 2006 with over 50 companies from Azerbaijan, Belarus, Kazakhstan, Russia and Romania. The 2007 exhibition is expected to grow significantly and build on the success of the first event.

Offshore Communications 2007
OC 2007 - Connecting the Offshore Oil & Gas and Maritime Industries With The Latest Communications Technologies. The 7th Annual Offshore Communications Conference & Exhibition, in Houston, TX, USA, Nov. 6-8, is the only international event dedicated to state-of-the-art communications technologies for Offshore Oil & Gas, Marine, Shipping, Telecom, and Government..

Oil Market @ GulfOilandGas

The Oil Futures Market - July 07
Oil futures were dominated by a bullish market during most of June with geopolitics and gasoline in the lead. The Nymex WTI front-month contract closed the first weekly period at $65.61/b for a gain of $2.47 or almost 4% while the weekly average rose 30¢ to $65.79/b. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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