Schlumberger begins laying off hundreds of US workers

• Sunday, 11th January 2009
• by Egypt Oil & Gas

Oilfield services giant Schlumberger Ltd. (SLB) has begun laying off hundreds of workers in the U.S. and around the world in the first of what experts say will likely be a wave of job cuts in the energy industry.

Epsilon uncovers hydrocarbons at Yemen well, testing & drilling continue

• Sunday, 11th January 2009
• by Egypt Oil & Gas

Epsilon has provided operations update for Block 41 in the Republic of Yemen.

Ukraine signs accord with Russia, EU to resume gas flow

• Sunday, 11th January 2009
• by Egypt Oil & Gas

EU monitors deployed to gas pumping stations across Ukraine as Russia prepares to resume gas supplies to Europe after four days of disruption amid freezing temperatures.

Qatargas produced record 10.09 million tonnes LNG in 2008

• Sunday, 11th January 2009
• by Egypt Oil & Gas

Qatargas has produced a total of 10.09 million tonnes of liquefied natural gas (LNG) in 2008, setting a new record for annual LNG production since the Company began producing LNG in late 1996, the company announced here.

Ipic buys 70% of MAN Ferrostaal

• Sunday, 11th January 2009
• by Egypt Oil & Gas

The Abu Dhabi government-owned International Petroleum Investment Company (Ipic) has agreed to buy a controlling 70 per cent stake in MAN Ferrostaal from its parent, the Munich-based MAN AG Group for 490 million euros (Dh2.4 billion), the chairman of MAN Ferrostaal's executive board said.

Tethys collects 3D Seismic for onshore Oman’s block 15

• Sunday, 11th January 2009
• by Egypt Oil & Gas

The processing of new 3D seismic data acquired in August and September 2008 has been completed. The processed data is of exceptionally good quality. The new seismic maps now being generated are the first 3D maps of the Jebel Aswad structure and will offer very valuable information for the future development of Jebel Aswad field.

Exxon CEO doubts Obama’s alternative energy goal

• Sunday, 11th January 2009
• by Egypt Oil & Gas

Exxon Mobil CEO Rex Tillerson said on Thursday it would be difficult to meet President-elect Barack Obama's goal to significantly boost U.S. alternative energy production.

UAE. Key energy ministers and Arab political figures are gathering to discuss renewable energy at the World Future Energy Summit from 19-21 January in Abu Dhabi.

• Sunday, 11th January 2009
• by Egypt Oil & Gas

UAE. Key energy ministers and Arab political figures are gathering to discuss renewable energy at the World Future Energy Summit from 19-21 January in Abu Dhabi.

Dana Gas set to build on achievements with target 76% increase in production rate in 2009

• Thursday, 8th January 2009
• by Egypt Oil & Gas

Dana Gas PJSC, the Middle East’s first and largest regional private-sector natural gas company, expects a strong year of growth in both production and operations in 2009, building on the Company’s significant achievements of 2008

Two East Africa Contracts for Fugro

• Thursday, 8th January 2009
• by Egypt Oil & Gas

The first contract involves a one-year current measurement project with moorings in up to 1,700m water-depth off the Tanzania coast for Ophir Energy, the oil and gas exploration and production company established in 2004 with a focus upon Africa.