Exploration & Production

First base oil sold from Pearl GTL plant

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The sale of the first commercial shipment of base oil from the Pearl gas-to-liquids (GTL) plant was completed, according to Qatar Petroleum (QP) and Shell.

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Fluor awarded offshore contract in Abu Dhabi

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Adma-Opco awarded Fluor Corporation a front-end engineering and design (Feed) contract to develop new offshore facilities in Abu Dhabi.

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TAQA invests US$ 45.7mn in WesternZagros shares

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TAQA has made a strategic investment by purchasing 74mn common shares of WesternZagros worth US$ 45.7mn through private placement which gives TAQA 19.9per cent stake in the company.

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IEA and OPEC cut oil demand forecasts for 2011 and 2012

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The International Energy Agency (IEA) and OPEC have cut growth estimates for oil demand in 2011 and 2012 as global economic conditions worsen.

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BP postpones Oman investment decision to 2013

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BP will make a final decision on whether to go ahead with a potential US$15 billion investment in Oman's Khazzan tight gas project in February 2013, Jonathan Evans, general manager of BP Oman said recently.

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