Oil&Gas Middle East

News, Data and Analysis for the Middle East's Energy Professionals

[Breaking News @BreakingNews]

Canada officially recognizes rebel National Transitional Council of Libya as legitimate representative of its citizens http://bit.ly/k89eUz

[Oil&Gas Middle East @OilGasME]

That's it from our live tweet session - check in at arabianoilandgas.com for our writeup soon

[Oil&Gas Middle East @OilGasME]

Not deviating from current strategy - Asfari #Petrofac

[Oil&Gas Middle East @OilGasME]

Petrofac now bidding in Iraq on LSTK basis, and Turkmenistan too - Asfari, #Petrofac

[Oil&Gas Middle East @OilGasME]

Free cash for expansion - You may see our 4.6bn cash stock go down by a couple of hundred milion, but going for cash-growth-Asfari #Petrofac

[Oil&Gas Middle East @OilGasME]

Growth will be 10-20% - not what we have had before - Asfari, CEO of #Petrofac

[Oil&Gas Middle East @OilGasME]

Business developments in offshore EPC, Iraq, Turkmenistan - Asfari #Petrofac

[Oil&Gas Middle East @OilGasME]

#Petrofac backlog in April = $12 billion

[Oil&Gas Middle East @OilGasME]

#Petrofac aiming to more than double 2010 earnings by 2015

[Oil&Gas Middle East @OilGasME]

#Petrofac anticipating greater share of revenue to come from performance, rather than oil revenue

[Oil&Gas Middle East @OilGasME]

Inglis - looking forward, contracts will be based on performance, not oil profit share #petrofac

[Oil&Gas Middle East @OilGasME]

Anticipating large upswing in Chendoor production - Inglis #Petrofac

[Oil&Gas Middle East @OilGasME]

Petrofac now has 240 qualified trainers, training 50,000 staff a year - Inglis #Petrofac

[Oil&Gas Middle East @OilGasME]

More history from Inglis....

[Oil&Gas Middle East @OilGasME]

NOCs driving service-type contracts, #Petrofac to responds with Integrated Energy Services

[Oil&Gas Middle East @OilGasME]

Inglis sees a big market opportunity in smaller oil fields - lower risk in exploration #Petrofac

[Oil&Gas Middle East @OilGasME]

Focus shifting to smaller pools, away from giant reservoirs - Inglis #Petrofac

[Oil&Gas Middle East @OilGasME]

Average field size decline by more than 50% since 1970s - Inglis #Petrofac

[Oil&Gas Middle East @OilGasME]

Average development cost is higher, quality of feedstock lower - Inglis #Petrofac

[Oil&Gas Middle East @OilGasME]

Inglis - Giant fields to decline, NOCs driving all growth, increased complexity #Petrofac