Gulf Oil and Gas Newsletter Nov 2005

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Gulf Oil and Gas Newsletter Nov 2005 - 01

5/27/2007 11:36:49 AM

US_NL

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Gulf Oil and Gas Newsletter Nov 2005 - 01

	NEWS LETTER
	Volume 112005

Oil Market @ GulfOilandGas

World Oil Demand : The world oil demand growth estimate for the present year has once again been revised down as preliminary lower oil consumption data for July, August and in some instances September indicates a slow-down in oil and petroleum product demand in some important consuming countries. Thus, after the sixth consecutive revision, world oil demand growth is now estimated at 1.2 mb/d – 1.4% y-oy growth – with a yearly average of 83.26 mb/d.More...

Middle East Highlights @ GulfOilandGas

Saudi Arabia Evolves into a Global Petrochemicals Hub
Capital investment in hydrocarbon sub-sectors in Saudi Arabia is slated to reach $94.4 billion in the years 2004-2009 according to Dr. Abdulwahab AlSadoun, the Director General of the Energy Sector at the Saudi Arabian General Investment Authority (SAGIA). Dr. AlSadoun illustrated Saudi Arabia’s emerging strength as a global hub for petrochemicals at the ISF Petrochemicals Forum held recently in London. Spearheading the Kingdom’s investment strategy, SAGIA continues to drive reforms and developments to create the enabling environment for investments in the energy sector and its value chain. More...

GE Wins Qatar Order to Build LNG 'Super-Trains’
GE has announced that its oil and gas business unit recently received orders to build five additional liquefied natural gas (LNG) "super-trains" following an agreement with Qatar Petroleum Group for the supply of equipment and services signed in December 2004. As per the new orders, GE's oil and gas business unit will provide three Frame 9E gas turbines and six centrifugal compressors for each super-train. More...

Africa Highlights @ GulfOilandGas

Sempra LNG Negotiating With Sonatrach to Bring Algerian LNG to U.S. market
Sempra LNG, a unit of Sempra Energy has signed a Heads of Agreement (HOA) with Sonatrach S.A., one of the world’s leading energy companies, and is proceeding with detailed negotiations to bring Algerian natural gas to the U.S. Gulf Coast. The negotiations include exploring additional opportunities to market the natural gas in the United States. More...

BP Makes Ninth Oil Discovery in the Ultra-Deep Water Block 31 Angola
Sociedade Nacional de Combust?veis de Angola (Sonangol) and BPannounced the 'Hebe-1' oil discovery in ultra-deepwater Block 31, offshore Angola. Hebe-1 is the ninth successful discovery BP has drilled in Block 31, following Plut?o, Saturno, Marte, Venus, Palas, Ceres, Juno and Astraea. The well is located 16 kilometres Southwest of the Ceres discovery announced earlier in the year. More...

Events @ GulfOilandGas

Middle East Total Logistics & Supply Chain 2005
TLS Congress Middle East provides the opportunity for the region's biggest players involved in Logistics, Distribution, Procurement, Purchasing, Inventory, Warehousing and Supply Chain to influence the strategic direction of investment, decision making and to steer towards a sustainable future of efficiency and high returns.

Sand Control and Management Summit
Sand production remains a critical challenge in reservoir management and production operations. It can drastically affect production rates and cost the industry and your company billions of dollars annually. As exploration continues to push the boundaries of new reservoir environments, and existing fields grow ever more mature, the pressure to have an integrated sand strategy to protect your well’s integrity and increase recovery from your operations is higher than ever before.

World Oil Supply

World Oil Demand

Balance of Supply/Demand

www.gulfoilandgas.com

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