Gulf Oil and Gas Newsletter Dec 2007 Vol 5 Issue 48

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Gulf Oil and Gas Newsletter Dec 2007 Vol 5 Issue 48

1/2/2008 11:20:59 AM

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Gulf Oil and Gas Newsletter Dec 2007 Vol 5 Issue 48

Newsletter Volume 05 Issue 48

Asia & Middle East Highlights

Total Announces Start-Up of A New Distillate Hydrocracker at The Dalian Refinery in China
Total announced the start-up of a new distillate hydrocracker at the Wepec refinery in Dalian, China, in which the Group holds a 22.4% stake. Representing a total investment of $240 million, the new conversion unit increases the refinery’s annual diesel fuel production capacity by 40% to 3.5 million metric tonnes. More...

Rosneft Awards Halliburton Multimillion Dollar Contract for Fracturing services in Western Siberia
Rosneft has awarded Halliburton’s Completion and Production Division a multimillion-dollar contract for the provision of hydraulic fracturing services for 317 oil wells in Russia’s Priobskoye Field in 2008. Located in Western Siberia on the banks of the Ob River, the field comprises 5,446 square kilometers (3,384 square miles). More...

ConocoPhillips Signs Memorandum of Understanding with Qatar Petroleum International
ConocoPhillips and Qatar Petroleum International (QPI) announced that the two companies have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Qatar. More...

Samsung Engineering expands business in the Kingdom through first award from Saudi Aramco
Samsung Engineering announced that it had secured a major order from Saudi Aramco to build a DHDT Refinery Plant. The refinery plant is to be located at Ras Tanura, a region approximately 70km southeast of the Jubail Industrial Complex, situated east of Saudi Arabia. More...

Africa Highlights @ GulfOilandGas

Chevron Announces Green Light for Angola LNG Project
Chevron announced that the investors in the Angola liquefied natural gas project have agreed to move the project forward to the construction phase. Cabinda Gulf Oil Company has a 36.4 percent interest in Angola LNG Limited, which has entered into an investment contract with the Angolan government and Sonangol to develop the project. More...

Gazprom Wins Tender to Develop Hydrocarbons in Libya
Gazprom was declared as the hydrocarbon exploration & development tender winner for onshore Block 64 (Blocks 1, 2 and 3) located in the Libyan Ghadames Basin. With 16 bidders involved, the tender was organized by the Libyan National Oil Corporation (NOC). More...

Events @ GulfOilandGas

MMEC 2008, Mozambique Mining & Energy Conference
MMEC is designed to showcase and explore developments in Mozambique’s minerals and energy resources, organised jointly by AGMM and AME Trade Ltd. The event will focus on the potential opportunities, lessons learned by key investors and current developments in these sectors.

TOG 2008
The Technology of Oil and Gas Forum and Exhibition (TOG), is the only established oil and gas event to take place in Libya on a regular basis. Since 2002, TOG has been a firm fixture in the worldwide energy calendar and is held biennially.

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Oil Market @ GulfOilandGas

Oil Market Highlights - Nov 07
The OPEC Reference Basket price remained volatile in October, as US dollar weakness inspired fund buying in the futures market with the Mid East geopolitics adding to market bullishness. Profit-taking and concern over slower economy growth provided some cap on prices. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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