Gulf Oil and Gas Newsletter Dec 2005

Forum Home

Aggregated

Oil and Gas Newletters

Gulf Oil and Gas Newsletters 2005

Gulf Oil and Ga...

Gulf Oil and Gas Newsletter Dec 2005 - 01

5/27/2007 12:01:31 PM

US_NL

158 posts

Gulf Oil and Gas Newsletter Dec 2005 - 01

	NEWS LETTER
	Volume 122005

Oil Market @ GulfOilandGas

Crude Oil Price Movements : The OPEC Reference Basket in October sustained the downward trend, which has prevailed since late September. While the Asian market soaked up more sweet crude, which widened the sweet/sour spread amid ample Mideast supply, the western market focused on arbitrage opportunities due to growing uncertainty over oil demand with several refineries remaining closed. The bearish sentiment persisted into the first week with US administration stating that it would tap its SPR for crude and heating oil if necessary. More...

Middle East Highlights @ GulfOilandGas

Hawiyah NGL Project Launched
Saudi Aramco's Hawiyah Natural Gas Liquids (NGL) Project Has been Launched, which will add hundreds of thousands of barrels of petrochemical feedstock daily to the industrial cities of Jubail on the Arabian Gulf and Yanbu' on the Red Sea. The massive construction project is a team effort of Saudi Aramco and contractors Snamprogetti, JGC, General Dynamics, Yokogawa, GE Nuevo Pignone and several in-Kingdom contractors,
each of which has a piece of the petrochemical complex to complete. More...

DNO Strats Drilling of Tawke # Well in Northern Iraq
DNO announced that commencement of drilling of its first well within the Kurdish Region of Northern Iraq has been confirmed. The well named Tawke # 1 has now been spudded and is planned to be drilled to a total depth of approximately 3,000 meters. The drilling is expected to take 60 days and there are identified three
prospective reservoir zones in this highly prospective structure. More...

Africa Highlights @ GulfOilandGas

Gaz de France Acquires Offshore Acreage in Mauritania
Gaz de France and the British firm Dana Petroleum also signed an agreement to exchange exploration and production assets. By this agreement, Gaz de France acquires an interest in three Mauritanian offshore exploration blocs (24% of bloc 1, 27.85% of bloc 7 and 17.5% of bloc 8). The Group has thus locked in a significant position in a region in which the considerable potential in terms of gas reserves offers sound prospects for development as of 2012/2014. More...

Total Announces Offshore Bonga Field Starts up
Total announces the start of crude oil production from the Bonga deepwater oil and gas field, 120 kilometres offshore Nigeria. The Bonga field will produce over 200,000 barrels of oil and over 150 million cubic feet of gas per day once it reaches plateau level. More...

Events @ GulfOilandGas

Drilling Fluids and Cutting Management Asia
Drilling fluids and cuttings management represent the second largest cost associated with production. You need to have the latest tools and techniques at your fingertips to keep overheads as low as possible. The industry is constantly evolving with new drilling fluids, new technologies and improved techniques being introduced into the market.

Asia Pacific Reserves Valuation & Reporting
Every year, reserve estimations and evaluations must be carried out for the purposes of reporting reserve numbers internally and externally. However, year after year, you end up facing: Uncertain geological estimations and conflicting reserves data, Ambiguous mixture of imprecise regulations, Varying corporate culture for reserves accounting

World Oil Supply

World Oil Demand

Balance of Supply/Demand

www.gulfoilandgas.com

Page 1 of 1

Aggregated

Oil and Gas Newletters

Gulf Oil and Gas Newsletters 2005

Gulf Oil and Ga...