Gulf Oil and Gas Newsletter Oct 2007 Vol 5 Issue 41

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Gulf Oil and Gas Newsletter Oct 2007 Vol 5 Issue 41

10/27/2007 3:32:25 PM

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Gulf Oil and Gas Newsletter Oct 2007 Vol 5 Issue 41

Newsletter Volume 05 Issue 41

Middle East & Asia Highlights

Foster Wheeler Awarded Front-End Engineering Design and Management Contracts in Qatar
Foster Wheeler announced that two subsidiaries in its Global Engineering and Construction Group have been awarded contracts by Qatar Holding to execute the front-end engineering design and to provide project management and construction management services for a new grassroots petrochemical complex to be located at Mesaieed in Qatar. More...

NOVATEK signs cooperation protocol with TOTAL
OAO NOVATEK and Total E&P Activities Petrolieres have signed a Protocol for joint cooperation in exploration and development activities. The Protocol contemplates that the companies will form working groups to define Russian and foreign assets for joint participation in natural gas and gas condensate projects. More...

Africa Highlights @ GulfOilandGas

BJSP Awarded Multi-Million Dollar Contract in Algeria
BJ Services has been awarded a contract by a major operator to provide cementing and related engineering services in Algeria. The multi-million dollar contract was awarded to BJSP, a joint venture company comprised of ENSP, a division of the Algerian-based operator, and BJ Services. More...

Pioneer Announces Three New Discoveries and Production Outlook for Tunisia
Pioneer Natural Resources Company announced continued success in its development and expansion programs in Tunisia, including: Two new discoveries on the Pioneer-operated Jenein Nord Blockwith 100% success on seven wells since late 2006. More...

Events @ GulfOilandGas

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.

TIOGE 2007
After an absence of 6 years, the ITE Group has signed an agreement with the Ministry of the Oil and Gas Industry and Mineral Resources of Turkmenistan to organise the annual Turkmenistan International Oil and Gas Conference, TIOGE 2007.

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Oil Market @ GulfOilandGas

Product Markets and Refinery Operations - Oct 07
Over the last few years, product markets experienced a sharp downward correction in September which exerted adverse pressure on the entire petroleum complex. However, this year this trend has been muted significantly due to heavier seasonal maintenance in the Atlantic Basin and storm-related concerns which picked up in the second half of September, raising the risk of damage to refineries and provided support for product markets and slowed the decline in refining margins. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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