Exploration & Production

First base oil sold from Pearl GTL plant


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


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


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


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


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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