The Board of DP World Limited intends to seek shareholder approval at the Annual General Meeting on 11 May 2011 to undertake a 1 for 20 share consolidation. The free float will remain at 19.55%. The Board believes that undertaking a 1 for 20 share consolidation will better position DP World’s share
Petrofac, the international oil & gas services provider announced that its Saudi Arabian business, Petrofac Saudi Arabia, has achieved independent certification to international quality standard ISO 9001. The standard is for project management, engineering, design, procurement, construction manageme
A news agency reported on April 4th an attack against Yemen LNG facilities in Shabwah. Yemen LNG denies this report. There was no attack against any Yemen LNG facility, there was no evacuation of any personnel. Yemen LNG currently operates normally at all worksites and produces LNG at nominal capaci
Speaking at the Kuwait Oil and Gas Summit & Exhibition, Mark Carne, Shell’s Executive Vice President – Middle East and North Africa today outlined the company’s view of natural gas as a current and future source of energy for Kuwait and the region. The Kuwait Oil and Gas Summit & Exhibition, which i
Yemen LNG signed on 3rd April Land Compensation Settlement with the Ministry of Oil and Mineral Resources and the Governorate of Shabwa to compensate land owners in Balhaf area pursuant to the Council of Ministers Resolution No. 476. The Agreement was signed by Francois Rafin, General Manager, Abdul
‘Be Water Wise – Every Drop of Water Counts’ is the message Qatargas, the world’s largest LNG producer, has been driving home as a part of its water conservation campaign at this year’s Qatar Petroleum (QP) Environment Fair, Doha International Exhibition Centre. The Fair has been held under the patr
Complying with its obligation vis a vis the lenders of a 2.8billion dollar loan made in 2008, Yemen LNG started on January 1st the 180 day test of the upstream facilities. After one quarter of successful testing of the upstream, Yemen LNG started on April 1st the LNG Performance Reliability Test (LN
Early production from the South Pars gas field phase 12, with 27 percent progress in onshore and 71 percent progress in offshore sector, will be started in March 2012,’ managing director of the Pars Oil and Gas Company (POGC), Mr. Souri announced here. Stating the phase has generally progressed by 4
Qatargas achieves historic milestone – all four of its mega liquefaction trains are now at 100% production capacity. This means that as the world’s largest liquefied natural gas (LNG) producer, Qatargas, is currently running at its full production capacity of 42 million tonnes per annum (MTA) from a
Qatar’s economy is expected to surge 19% this year on the back of country’s rising gas production and public spending, the Saudi American Ba… (gulf times) [mappress] Source: gulf times, April 1, 2011;
The Abu Dhabi National Oil Company (ADNOC) and Occidental Petroleum Corporation have signed a partnership agreement to participate in the de… (emirates247) [mappress] Source: emirates247, March 31, 2011;
The Water and Sanitation Agency (Wasa) will start work on desilting and dredging of Nullah Leh in the first week of April to prevent any… By Saeed Ahmed (thenews) [mappress] Source: thenews, March 30, 2011
The ministry has plans to invest about $90 billion in the upstream and downstream sector of the South Pars gas field in the current Iranian calendar year (started March 21), Iranian Petroleum minister, Dr. Mirkazemi (image) announced here. He said that about $60 billion will be allocated to the upst
A new phase in the development of Duqm Port will commence shortly with the imminent award of a key contract for the development of landside infrastructure within the port complex… (zawya) [mappress] Source: zawya, March 29, 2011;
