Gulf Oil and Gas Newsletter Dec 2007 Vol 5 Issue 47

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Gulf Oil and Gas Newsletter Dec 2007 Vol 5 Issue 47

12/13/2007 1:57:01 PM

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Gulf Oil and Gas Newsletter Dec 2007 Vol 5 Issue 47

Newsletter Volume 05 Issue 47

Asia & Middle East Highlights

Technip Awarded Flexible Pipelines Contracts In India
Technip has been awarded by Aker-Kvaerner two contracts, worth approximately €270 million, for the flexible pipelines for an oil field located off the eastern coast of India, at a water depth of 1,400 meters. More...

Volga Gas Announces First Production from Uzenskaya Well
Volga Gas Plc announced that oil production has commenced from Uzenskaya £1 and first revenues have been received. The Company has structured an agreement to sell all its oil production at its surface facilities located on the Uzenskaya field at RUR7,550/tonne (approx $42/bbl). More...

WorleyParsons Awarded Services Contracts for Saudi Aramco’s Grassroots East Coast Refinery
Saudi Aramco has awarded contracts for services to WorleyParsons for project management, front-end engineering design (FEED) development, contract bid package development, detailed design support, detailed design package preparation, and construction management services for the Saudi Aramco East Coast Refinery Project at Ras Tanura, Saudi Arabia. More...

Saipem awarded new onshore contract in Qatar for €1.4 billion
Saipem has won the contract for the development of the Qafco 5 project, involving new ammonia and urea plants within the Qafco industrial complex, located in the Mesaieed City, about 30 kilometres south of Doha, in Qatar. More...

Africa Highlights @ GulfOilandGas

Total and Sonatrach Confirm Construction of a Petrochemical Complex in Arzew, Algeria
Christophe de Margerie, Chief Executive Officer of Total, and Mohamed Meziane, Chairman and Chief Executive Officer of Sonatrach, today signed a framework agreement to build a petrochemical complex in Arzew, near Oran. More...

Marathon Announces New Deepwater Discovery in Angola
Marathon Oil Corporation announced that its subsidiary, Marathon International Petroleum Angola Block 32 Limited, has participated in a new deepwater discovery on Block 32 offshore Angola. Alho is the 11th discovery on Block 32 and the 26th overall discovery in Marathon's deepwater exploration program on Blocks 31 and 32 which began in 2001. More...

Events @ GulfOilandGas

3rd Annual African Biofuels
The Institute for International Research (IIR) invites you to attend the 3rd African Biofuels from 10-13 March 2008. African Biofuels has grown with the biofuels industry in South Africa and now has spread its scope and reach into the rest of Africa and indeed the world.

Oil and Gas West Asia
Oil & Gas West Asia (OGWA) is the only major event in the Sultanate of Oman for the region’s vibrant oil & gas industry. Held under the patronage of Oman’s Ministry of Oil & Gas, it highlights the latest developments in the industry as well as the new products and technologies that are now available in the market.

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Oil Market @ GulfOilandGas

Product Markets and Refinery Operations - Nov 07
In the past two months, crude prices outstripped product prices and undermined refinery margins across the globe, especially for light sweet benchmark crude. The current relatively weak product market sentiment may change as we approach the peak demand season for heating oil, which could lift product prices and refinery margins. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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