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Adnoc ... signing up with significant players

Front Page

Adnoc and CNPC sign upstream agreement

ABU DHABI:
Abu Dhabi National Oil Company (Adnoc) and China National Petroleum Corporation (CNPC) have signed a strategic agreement to collaborate in upstream projects in undeveloped areas, Wam has reported.

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Asia Pacific

Australia’s LNG boom fizzles

PERTH:
Just a few years after it started, Australia’s liquefied natural gas bonanza may be drawing to a close, throttled by swelling costs, tightening credit and mounting foreign competition to supply Asian buyers.  

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Adnoc Review

Unlocking reserves

Adnoc’s refining operations have undergone major expansion to keep pace with the growing demand of UAE in terms of oil distribution. About $60 billion is planned to be invested in the UAE in a number of projects, which will see refining capacity increase by about 50 per cent

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KOG 2012

Summit set to showcase 

While KOG will explore the opportunities and challenges of Kuwait oil and gas in a global context, focusing on sharing knowledge and best practices, the exhibition will provide a platform for firms to showcase technologies, products and services

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Access Equipment

Offshore Solutions provides 27/7 access to Pearl GTL

Using the 20-metre Offshore Access System (OAS), mounted on the Bourbon Gulf Star vessel, the Qatar Shell operations, project and maintenance personnel have been able to access the platform 24 hours a day

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Project Finance

Financial crisis pushes up oil and gas projects’ costs

The impact on the cost depends on whether the company is seeking equity or debt and whether it is a small or a large, credit-worthy company. At the more speculative end of the market, such as for smaller exploration companies, it is definitely tougher

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Corrosion, Paints & Industrial Surface Coatings

Good corrosion monitoring system is an investment

Being a part of Emerson Process Management, Roxar’s corrosion and erosion monitoring solutions can be an integrated part of a complete monitoring and measurement solution, for example, including sand or flow measurements

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Cables & Cable Management

Energy infrastructure to spur cabling market growth

Growth within the global cable market decelerated significantly last year, due to economic turbulences; however, strong recovery in the coming years, coupled with favourable prognoses tend to reduce the competition threat and increase the likelihood of new players

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Production & Exploration

Halliburton: slump in gas prices may hurt

NEW YORK:
Halliburton warned that its response to a deep slump in US natural gas prices would cause near-term disruptions that will pinch first-quarter earnings, sending its shares down 3 per cent.

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Markets

US shale output to lift oil production

WASHINGTON:
A boom in shale oil production will raise US domestic crude output by a fifth over the next decade, helping to slash the country’s dependence on foreign oil imports, the US Energy Information Administration said.

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Business

Calendar of events

OGN updates you with the latest calendar of events from the Middle East and beyond.

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Middle East

Saudi broadens Opec consensus

LONDON:
Ali Al Naimi, oil minister for the world’s top oil exporter, hopes to stabilise oil prices at “around $100” for an average of crudes worldwide

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