News / International
Gulfsands Expands in Khurbet East with Second Horizontal Well
Gulfsands Petroleum plc announced that the Company has commenced the drilling of the second horizontal development well within the Khurbet East Field (KHE-6H). The KHE-6H well will be completed and suspended as an oil producer for connection through the Early Production Facility (EPF), scheduled to commence operation by the fourth quarter of 2008. Dana Gas investing over US$ 500 million in 2008
Dana Gas PJSC, the Middle East’s first and largest regional private-sector natural gas company, has announced investments of over US$ 500 million this year in the Company’s projects in Northern Iraq, Egypt and the UAE. Gulfsands Completes First Horizontal Well in Khurbet East Field
Gulfsands Petroleum has completed the drilling operations on the first horizontal development well within the Khurbet East Field (KHE-5H). The KHE-5H well, which flowed oil to surface at an average rate of 2041 barrels of oil per day (bopd) through a 3/8" choke, has been completed and suspended as the fourth oil producer for connection through the Early Production Facility (EPF), scheduled to commence operation by the fourth quarter of 2008. Heir Apparent opens Dolphin Project
Doha - The Heir Apparent H H Sheikh Tamim bin Hamad Al Thani along with the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE, Sheikh Mohammed bin Zayed Al Nahyan yesterday opened the Dolphin Energy's gas processing plant, the world's largest single-build gas plant at Ras Laffan Industrial City. Diesel prices in Dubai rise again
Dubai: The price of diesel in Dubai has gone up by 50 fils, or 3.26 per cent, per gallon as fuel retailers in the emirate continue their policy of adjusting prices upward to match rising international crude prices. Abu Dhabi to invest $25b in gas facilities
Abu Dhabi: State-controlled Abu Dhabi Gas Industries (Gasco) said on Monday it is investing about $25 billion in gas-processing plants and pipelines as it develops more fields to meet surging demand. Crude oil near new highs above 124 dollars
SINGAPORE, May 9, 2008 (AFP) - Crude oil traded near new all-time highs above 124 dollars on Friday after the OPEC cartel insisted the market is well-supplied and being driven by speculators. World oil prices strike fresh record
SINGAPORE, May 8, 2008 (AFP) - World oil prices struck a fresh intraday record of 123.87 dollars a barrel in Asian hours on Thursday, despite a larger-than-expected rise in US energy stocks. 
