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$10 billion plan signed for pipeline that would ship gas from Africa to Europe
Aliant Jul 4 2009 6:26PM GMT

Total, CNPC to bid on Venezuela oil blocks: paper
Reuters UK Jul 4 2009 6:14PM GMT

Judge Tells Chevron To Stop California Refinery Work
Daily Oil Bulletin Jul 4 2009 6:12PM GMT

OPEC Helps Savvy Oil Traders Sell Millions Of Barrels
Daily Oil Bulletin Jul 4 2009 6:11PM GMT

California Will Soon Be Using Indonesian LNG
Daily Oil Bulletin Jul 4 2009 6:11PM GMT

Canada Spot Gas Plunges To Lowest Price Since 2002
Daily Oil Bulletin Jul 4 2009 6:11PM GMT

Natural Gas Prices In Freefall On High Storage Levels
Daily Oil Bulletin Jul 4 2009 6:11PM GMT

Enterprise-TEPPCO Deal May Open up Opportunity to Trade Oil Products, Crude
OPISNet.com Jul 4 2009 6:02PM GMT

Germany: Linde's gas laws
International Financing Review Jul 4 2009 6:02PM GMT

Lahore goes on strike against load shedding, oil raise
Geo Tv Jul 4 2009 5:50PM GMT

Several industrial units silent sans gas in Peshawar
Jang Group Jul 4 2009 5:40PM GMT

REPEAT-Total, CNPC to bid on Venezuela oil blocks-WSJ
Reuters Africa Jul 4 2009 5:36PM GMT

REPEAT-Total, CNPC to bid on Venezuela oil blocks-WSJ
Reuters UK Jul 4 2009 5:31PM GMT

Sharif's party in battle to undo fuel price hike
Qatar Peninsula Jul 4 2009 5:31PM GMT

REPEAT-Total, CNPC to bid on Venezuela oil blocks-WSJ
Reuters Jul 4 2009 5:29PM GMT

Protest against fuel price hike
Gulf Times Jul 4 2009 5:17PM GMT

European demand drives French PP compound expansion by Exxon
British Plastics & Rubber Jul 4 2009 5:07PM GMT

Crude dude with an attitude
Malaysian Insider Jul 4 2009 5:02PM GMT

Iraq to meet foreign oil companies after licence debacle
Abu Dhabi National Jul 4 2009 4:58PM GMT

Mines workers union call for assessment oil contracts
GhanaHomePage Jul 4 2009 4:54PM GMT

Iran plans $70bn gas field investments
Qatar Peninsula Jul 4 2009 4:50PM GMT

Nabucco gas pipeline agreement on July 13
Qatar Peninsula Jul 4 2009 4:50PM GMT

Oil prices drop on US economy worries, rogue trader inquiry
Qatar Peninsula Jul 4 2009 4:50PM GMT

Chinese oil companies eye stake in Repsol unit
Qatar Peninsula Jul 4 2009 4:49PM GMT

Nigeria, Algeria agree to build Sahara gas link
Qatar Peninsula Jul 4 2009 4:48PM GMT

Rising petrol stocks push oil below $67
Qatar Peninsula Jul 4 2009 4:48PM GMT

Iraq brings forward second oil sale; goes alone on gas
Qatar Peninsula Jul 4 2009 4:47PM GMT

RIL moves SC against Bombay HC's gas pricing ruling
Hindustan Times Jul 4 2009 4:47PM GMT

Helsinki authority approves Baltic gas pipeline
Qatar Peninsula Jul 4 2009 4:47PM GMT

Investment cut at Kashagan oilfield
Qatar Peninsula Jul 4 2009 4:46PM GMT

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Iran to invest $70bn in gas
Iran is planning to invest around $70bn in two major offshore natural gas fields by 2015, Reuters has reported. An official from the National Iranian Oil Company has said $40bn would be needed to complete remaining projects in the South Pars field in a five-year economic plan, which runs until 2015. Another official has mentioned Iran plans to take a Euro1bn bond with Asian banks to finance the development of South Pars. [AMEInfo.com]

International Petroleum to borrow $5bn
Abu Dhabi's International Petroleum Investment Co. (IPIC) plans to borrow $5bn to help pay for its purchase of Canada's Nova Chemicals Corp. and an increased stake in Spain's Cia Espanola de Petroleos SA, Bloomberg has reported. The loan comprises two portions of $2.5bn, maturing in one and two years. Bank of Tokyo-Mitsubishi UFJ, HSBC Holdings Plc and Banco Santander SA are arranging the transaction. [AMEInfo.com]

Taqa cuts Standard and Poor's link
Abu Dhabi National Energy Co. (Taqa) has ended its relationship with Standard & Poor's, after reviewing new ratings criteria S&P adopted for government-related companies. Peter Barker-Homek, the firm's CEO has said that Taqa does not believe these criteria will result in a rating that will accurately reflect the credit worthiness of Taqa, and that the government's support is unchanged and has consistently been confirmed. [AMEInfo.com]

Financing arranged for Bahrain Al Dur project
Dubai-based Mashreq bank, Standard Chartered Bank, and Calyon have arranged $1.7bn financing for Bahrain's Al Dur independent water and power project, according to Emirates Business. The financing includes a $1.2bn international facility, which is structured as an eight-year, non-recourse club term loan. [AMEInfo.com]

Saudi electricity to spend $28bn to meet rising demand
The head of Saudi Electricity said the state- controlled power producer plans to spend $28bn in the next three years to meet rising demand in the kingdom. Ali al-Barrak, chief executive officer of the Riyadh-based utility, told Bloomberf the firm also plans to invest $70bn by 2018 to add 25,000 megawatts and match demand spurred by a $400bn, five-year government-spending program and a growing population. <BR> [AMEInfo.com]

RasGas bonds get Fitch A+ rating affirmation
Fitch, the credit rating agency, has affirmed 'A+' rating with a 'stable' outlook to Qatar's RasGas 2 Series A bond and RasGas 3 Series B, C and D bonds. 'The stable outlook is supported by a geographically diverse portfolio of long-term offtake agreements, full chain integration with long-term shipping capacity and investments in re-gasification terminals by sponsors' affiliates,' said Fitch. [AMEInfo.com]

Conoco relaunches Yanbu refinery bidding
Saudi Aramco and ConocoPhillips have said they will resume the bidding process, halted last year, for contracts to build an export-oriented refinery in Saudi Arabia. The two companies had initially planned to start the refinery in 2011 but they stopped the process due to uncertainties in global financial markets, reported Reuters. Cost estimates for the Yanbu refinery on the Red Sea coast doubled last year to $12bn from an initial $6bn when the project was announced in 2006. <BR> [AMEInfo.com]

BP-led consortium wins Iraq contract
A consortium led by BP has won the contract for Iraq’s Rumaila oil field after an alliance led by Exxon Mobil withdrew a rival bid, Iraqi Oil Minister Hussain al-Shahristani has announced. The consortium, which includes China’s CNPC, was seeking $3.99 remuneration for each extra barrel of oil produced, but on Tuesday accepted the oil ministry’s terms of $2 a barrel. Rumaila is the largest oil field in Iraq and one of the largest in the world. [AMEInfo.com]

ADNOC cuts oil supplies
Abu Dhabi National Oil Co (ADNOC) has told its customers that in compliance with the UAE's production quota set by OPEC, it will cut their allocations by 19% for August 2009 shipments from its four wells, Murban, Upper Zakum, Lower Zakum and Umm Sheif by 19%, WAM has reported. [AMEInfo.com]

MENA Infrastructure buys 32.8% of United Power
MENA Infrastructure Fund, a $500m investment fund sponsored by HSBC Holdings, Waha Capital and Dubai International Capital, has acquired a 32.8% stake in Oman's United Power for $26.5m from GDF Suez, Bloomberg has reported. MENA Infrastructure has become the largest shareholder in United Power, its second investment after it bought a stake in Egypt's Alexandria International Container Terminals in 2008. [AMEInfo.com]

Qatar Electricity predicts 15% increase in Q1 profit
Qatar Electricity & Water Co said it expects first-half profit to rise 15%, without providing a reason for the rise, reported Bloomberg. The utility has said its net income for the period ending June 30 should climb to QR403 million ($111m), or QR4.03 a share, from QR349 million, or QR3.49, in the year-earlier period. [AMEInfo.com]

UAE to host Irena HQ
Abu Dhabi has been selected to host the headquarters of the International Renewable Energy Agency (Irena). The group will be based in the emirate's zero carbon initiative, Masdar City, which is currently under construction. This marks the first time that a developing country has hosted a major international organistaion. Vienna will host Irena's UN and international liaison office and the innovation centre will be located in bonn, Germany. [AMEInfo.com]

IEA cuts 5-year global oil demand outlook
The International Energy Agency has cut its five-year forecasts for global crude demand due to the economic slowdown, reported Bloomberg. The IEA reduced its oil demand estimates for every year through 2013 by about 3 million barrels a day, it said in its Medium-Term Oil Market Report. Consumption will average 86.76 million barrels a day in 2012, the first year it will rise above 2008’s level of 85.76 million barrels a day, the agency predicted. <BR> [AMEInfo.com]

Oman's crude exports rise by over 10%
Oman's National Economy Ministry has announced that the Sultanate's crude exports for the first four months of 2009 rose by 10.8% to almost 80 million barrels, compared to the same period in 2008. The Sultanate had exported just over 94 million barrels of crude oil and condensates, with daily production rising by 5.98% to 786,100 barrels. [AMEInfo.com]

Sipchem sees little impact from China methanol duty
Ahmed Abdulaziz al-Ohali, chief executive of Saudi International Petrochemical Co. (Sipchem), has said China's latest move to impose a duty on methanol imports would have little impact on its operations, Reuters has reported. China made up only between 10 and 16% of the firm's total exports and Sipchem's global presence would help it to offset the impact somewhere else, he said. [AMEInfo.com]

SECO Sukuk orders exceed $1.87bn
Saudi Electricity Co. (SECO) has received more than SR7 billion ($1.87bn) in orders for this year's largest Islamic bond sale, Bloomberg has reported citing a banker familiar with the transaction. The utility has paid 45 basis points over the Saudi benchmark in 2007, when it raised SR5 billion in its first sukuk sale. The five-year Islamic bonds may be priced to yield 160 basis points over the Saudi interbank rate, said the banker. [AMEInfo.com]

Exxon begins Libyan deep water drilling
Exxon Mobil is beginning to drill the first of three deep water exploration wells off the coast of Libya, the Wall Street Journal has reported. The exploration program will start in the next couple of days, according to an interview with Exxon's head of exploration Tim Cejka. It won the rights to drill three years ago and is the first time there has been thorough deep water exploration off the coast of Libya. [AMEInfo.com]

Saudi Electric signs Aggreko power deal
Saudi Electric (SEC) has signed a contract with temporary power supplier Aggreko to provide 100 megawatts of short-term power to help overcome seasonal power shortages in Saudi Arabia. The contract is expected to last for a minimum of three months and will take to over 170MW the total capacity being supplied by Aggreko to SEC. [AMEInfo.com]

Companies bid for Bahrain deep gas
Occidental Middle East Development Company (OMED) and Canadian Natural Resources have bid for an excavation agreement for the production of deep gas in Bahrain, KUNA has reported. The excavation is aimed at searching for gas at a depth of 15,000 feet. According to studies by the National Oil and Gas Authority, an additional reserve of gas is expected to be found, expected to be worth hundreds of millions of dollars. [AMEInfo.com]

Iraq oil deals made on live TV
Bids for contracts for six of Iraq's largest oilfields and two untapped gas fields will be opened in front of TV cameras and the world's media in the coming days in Baghdad, Reuters has reported. The bids will be compared and contracts awarded immediately. After the first contract is awarded, competing firms will get the opportunity to revise the terms of their next bid. "This is shaping up to be unlike anything I have ever been involved in," said one senior executive for a major western oil company. "It is quite unique and will be some theatre. I don't think any of us really know how this is going to work out." [AMEInfo.com]

UAE hopeful to host Irena
The UAE has its hopes high it could win the bid to host as the location for the International Renewable Agency (Irena) as it competes against Germany and Austria, Gulf News has reported. The UAE's bid is backed by its strong message that the country could act as a conduit between developed and developing nations, making renewable enevery accessible to all countries alike. [AMEInfo.com]

Dubai plant to turn waste into fuel mooted
Representatives of the Earth Power Group, a joint venture between South Africa's Centre of Material and Process Synthesis, the Russian Academy of Sciences and Alye International, a US green-energy company, have said the JV is in the final stages of talks with Dubai to build a plant that will turn municipal waste into transport fuel, The National has reported. Dubai's venture, which is expected to be operational within two years, will begin with a single module worth between $25m and $30m and capable of accepting 50 tons of municipal waste a day. Each ton of waste can be converted into 2.7 barrels of synthetic fuel. [AMEInfo.com]

Aramco, Showa to study solar power plan
Japan's fifth-biggest oil refiner Showa Shell Sekiyu K.K. has announced it has agreed with state-run oil firm Saudi Aramco to study the possibility of a solar power business in the kingdom, KUNA has reported. The two companies intend to choose several sites in Saudi Arabia for constructing power plants capable of generating 1,000kw to 2,000kw. Once the project gets on track, Showa Shell and Saudi Aramco plan to establish a joint venture around 2012 for similar operations in emerging countries in the Middle East, Southeast Asia, Africa, Latin America, and elsewhere. [AMEInfo.com]

Kuwait Petroleum to re-present $15bn refinery
Kuwait National Petroleum Corporation (KNPC) has said it plans to present Kuwait's fourth oil refinery project to the Supreme Petroleum Council (SPC) again to obtain its approval for the mega project. On March 20, the SPC decided to scrap the $15bn project, the second multi-billion-dollar deal to be cancelled in three months, after facing opposition in country's National Assembly. [AMEInfo.com]

Oman offers four oil, gas areas for exploration
Oman's Oil Minister, Mohammed bin Hamad al-Rumhy, has said the Sultanate is offering blocks 40, 51, 36 and 38 for exploration and hopes to sign one or two production-sharing agreements with companies this year. [AMEInfo.com]

AME Info News - Energy, Oil and Gas
Energy, Oil and Gas latest news and features

 

LED Headlamps include visor clip.
Designed to clip to hat brim, lapel, or car visor, Enduro® LED Headlamps offer hands-free operation in low-light conditions. White LED model provides up to 850 candela peak beam intensity and 14.5 lumens output in high-level mode and 6 lumens in low mode, while green LED version provides 162 candela peak beam intensity and 8 lumens output in high mode and 4 lumens in low mode. Weighing 2.75 oz, both are constructed with impact-resistant housing and are waterproof to 1 m for 1 hr.

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Mining, Oil Drilling & Refining
Electrical Equipment and Systems Sponsored by: Globtek Inc. - Your Power Partner...For Over 20 Years!

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Filtration System enables continuous on-line flow.
With absolute-rated performance from 1-70 µ, Cuno High Flow Triplex Skid is suitable for filtration of small to medium volumes of fluids ranging from 200-20,000 bbl in both deck-side offshore and onshore applications. System houses 3 vessels and each 6½ dia x 40 in. long cartridge provides 13 m² filtration area, resulting in total of 117 m² effective filtration area. Measuring 2.72 m², skid offers 99 kg total dirt loading capacity and connection to standard 4 in. service pipework.

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Chemical Processing and Waste Management
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Centrifuge offers feature set for productivity and safety.
Heated Oil Test Centrifuge incorporates LCD touchscreen control panel that can be used to govern centrifuge rotation speed, turn heat on/off, set duration of test, and choose type of rotor assembly and corresponding glassware to be used during test. Manufactured to meet Class 1, Division 2 explosion resistant rating, system conforms to range of Standard Test Methods and features top-opening lid that provides access to rotor and tube holders and features 18½ in. dia viewing window.

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Network Monitoring Service serves mining industry.
Acting as remote network operations center for mining industry, ActiveVision(TM) provides 24/7 monitoring and support for ActiveMine(TM) network, voice communications, and tracking systems anywhere on globe. Services include real-time network diagnostics and troubleshooting as well as ability to pinpoint network and component issues. Able to track and store operational statistics, solution also lets mine operators centrally view and monitor multiple mine operations.

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Oil Rig drills to 15,000 feet vertically.
Designed for oil and gas industry, 1,100 hp SpeedStar SS-1100 features state-of-the-art controls, allowing drill to be monitored from remote location, and enabling service departments to diagnose and prevent maintenance issues before they happen. Due to its size, SS-1100 can be set up in mountainous areas, and once on site, rig can begin drilling within a few hours.

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Foam Wrap compensates for subsea well annular pressure.
Typically installed within B or C annuli of subsea wells, CFW+ (Crushable Foam Wrap) acts as mechanical fuse and collapses at pre-determined pressure and temperature (110ºC) envelope. This allows expansion of annulus fluids as well as dissipation of any potentially hazardous increase in pressure. By incorporating Glass Bubbles, solution helps mitigate subsea well casing failure due to annular pressure build-up or trapped annular pressure.

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Packaging Products & Equipment
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System finds geological structures within Earth's surface.
Comprised of 16 wireless sensors, impact generator, and intuitive user interface, SWIPS(TM) Surface Wave Intelligent Profiling System enables users to analyze, model, and visualize physical and mechanical properties of solids in non-invasive manner. Through MicroMentis Platform, SWIPS Wizard and Drill Hole Wizard help users integrate complementary data, plan work, gather data, plan drill holes, incorporate drill hole properties, and support project modeling and evaluation.

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High-Frequency Ground Current Reducer has MSHA approval.
Engineered for use where AC induction motors operate in conjunction with VFD applications, ZERO-GROUND® High Frequency Extraction System is approved by US Department of Labor, Mining, and Safety Health Administration (MSHA) for use in underground and surface mines. Completely passive system utilizes no filters or brushes and eliminates electrical noise while directing high-frequency ground currents away from hazardous locations and sensitive equipment.

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Software integrates well planning and drilling applications.
Paradigm Sysdrill(TM) v3.0 is product suite of well planning and drilling software solutions that combines new modules with existing software in single unified application. Components include automatic well planning, advanced target definition, casing wear prediction, dual gradient modeling, and temperature modeling. It also includes well control kill sheet, volume calculator, packer calculation, and DEX/WITSML interoperability.

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SCCS Solution helps ensure safety system uniformity.
Designed for oil and gas industry, AADvance Safety and Critical Control Systems (SCCS) enables users to operate and update entire plant-wide safety systems from one access point. Combined hardware and software solution delivers flexibility and scalability through its distributed nature, which consists of modular controller hardware situated close to plant it protects. Solution also helps minimize use of heavy cabling and installation time.

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Helmet Light uses CR123 lithium batteries for extended life.
Combining PM6 LED or incandescent light with universal helmet bracket, Helmet Lighting System fits all models of industrial and fire helmets and as many as 27 flashlights. Constructed of engineering-grade polymer, PM6 weighs 3.45 oz so it won't weigh helmets down. PM6 LED utilizes 1 W Luxeon® LED to produce 41 lumens of light for up to 20 hr of peak performance, while incandescent model, engineered with Xenon bulb, produces 74 lumens of light for up to 1 hr of continuous use.

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LED Headlight features Division 1 safety rating.
Suited for hazardous locations, hands-free HAZ-LO(TM) combines impact- and weather-resistant resin casing, unbreakable polycarbonate lens, and 1 W Super High Flux LED. Unit includes push button on/off switch and rubber dome actuator that enables operation while wearing heavy gloves. All openings are O-ring sealed for water resistance. Operating on 3 AA alkaline batteries, light comes with rubber hard-hat head strap as well as elastic head strap for general use.

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Software aids drilling engineers and asset teams.
Merging macro realm of geology and geophysics with micro realm of petrophysics, Sysdrill v2.5 helps plan well paths, minimize drilling risk, and optimize wellbore placement by integrating engineering and well planning disciplines into multi-disciplinary workflows. Program supports geological surfaces such as formations, faults, and oil-water contacts. Users can import planned trajectories, copy and paste well plans, and share data with 3rd party applications.

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Jaw Coupling Spiders provide shock absorption.
Offered in sizes from .6-2.25 in. OD, 3-piece Zero-backlash Jaw Couplings are comprised of 2 hubs with curved jaws and elastic element. Polyurethane spider provides dampening of impulse type loads, minimizing shock to motor and other sensitive equipment. Blue spiders have durometer of 85 shore, while yellow spiders are 92 shore, and red spiders are 98 shore. Standoffs, located on spider limbs, assist in angular misalignment capabilities, as well as electrical isolation.

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LED Headlamp weighs 2.75 oz with batteries.
Hands-free Enduroâ"¢ LED Headlight features 0.5 W LED designed to last 100,000 hr while providing up to 18 lumens of output. Two-stage switch offers choice of high and low beam settings, providing up to 24 hr of continuous runtime on low-beam setting and up to 7 hr on high-beam setting. Water-resistant, O-ring sealed, polycarbonate lens and body withstand harsh conditions. Head strap combines non-slip security with flexibility to accommodate range of head sizes.

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Modular Screening System suits aggregate/mining industry.
Molded in urethane, dual-durometer urethane, or 40â¤"60 durometer rubber, Dur-X-Snapdeck® 2000 features attachment system that facilitates modular screen installation and allows retrofitting to existing screen boxes. There are no pins, sleeves, intermediate strips, or extra parts required. Openings range from 0.3 mm slot to 3.0 in. square. Optional diverters, flow restrictors, and dams are available for specific applications.

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Magnetic Separator reduces downstream equipment damage.
Trunnion Magnet Separator removes up to 98% of grinding media steel balls and ferrous chips from milled ore in SAG/ball mill operations. Positioned at downstream end of mill, arc of permanent magnets surrounding almost half of blind trunnion extension attracts and holds steel balls to inner surface of trunnion. Steel balls are carried to top of trunnion, where magnetic arc terminates, thereby releasing balls that then fall into hopper and chute.

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Headlamp casts ultra-bright light in hard-to-see areas.
Powered by 2 lithium batteries, hands-free Argo HP Luxeon LED Headlamp weighs 4 oz and comes with rubber head strap for use with hardhat as well as elastic head strap for general use. Two digitally controlled brightness levels allow user to control output. At higher level, Argo HP projects 24 lumens for up to 4.75 hr. At lower level, unit projects 6 lumens and runs for 20 hr. Water-resistant lamp measures less than 3 in. wide and comes in impact-resistant ABS case.

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Rubber Screen Media features self-cleaning action.
Designed with molded, tapered openings, Dur-X-Kleen Media eliminates impact damage, plugging, and blinding. It is available in number of harder or softer rubber designs and offers abrasion and tear resistance. Dur-X-Kleen is suited to applications that involve dry, high impact material or fine, sticky or near-size material. It comes in variety of mounting styles and can be custom-designed in bolt-down, modular, or side-tension versions to fit any existing screen box.

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Rubber/Ceramic Liners handle highly abrasive applications.
Available in staggered- and aligned-ceramic designs, Dur-X-Line® of Rubber/Ceramic Liners help extend chute life while minimizing liner replacement, maintenance, and downtime in aggregate and mining applications. Products feature alumina ceramic cylinders within liner and rubber backing that absorbs impact and prevents ceramic from shattering. Liners have solid steel backing and can be counter bored for installation via bolts or plug welding.

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