Songa Offshore Achieves High Efficiency

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NewBase 06 February 2014 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Songa Offshore: High Operational Efficiency in January
http://www.offshoreenergytoday.com and Press Release .
Songa Offshore, an international offshore drilling company, has announced its rig fleet
update for January 2014.
• Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 97% during
the month working for Mubadala Petroleum in Malaysia.
• Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 99% during
the month working for Idemitsu in Vietnam.
• Songa Trym achieved an operational efficiency of 100% and an earnings efficiency of 97% during
the month working for Statoil in Norway.
• Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 94% during the
month working for Statoil in Norway.
• Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 95% working
for Statoil in Norway.
The earnings efficiencies of the three rigs operating in the North Sea were all negatively impacted by the
rigs earning a Waiting-on-Weather rate due to inclement weather for extended periods of the month.

Production start at Nigerian Opuama oilfield
www.Uppstream.com
State-owned oil company Nigerian Petroleum Development (NPDC) has started producing from the
Opuama oilfield onshore Nigeria. London-listed Eland Oil & Gas, the joint venture partner, revealed the
start of production on Wednesday.
The Opuama oilfield, located on the OML 40
license, started producing on Tuesday.
Following successful testing and commissioning
of the facilities, two existing wells were re-
opened. Output from the wells is expected to
stabilise at 2500 barrels of oil per day.
Crude produced will be delivered to the Shell
Forcados export terminal via a recently-
commissioned flowstation and export pipelines.
The field has gross recoverable proven and
probably reserves of 52.4 million barrels. NPDC is the operator of the field and holds a 55% interest, while
Eland’s joint venture company, Elcrest Exploration and Production, holds the remaining 45%.
Production from the field was delayed late last year, sending Eland shares plummeting. Eland expected
production to begin by the end of 2013, after pushing back the start date from the end of last year's first
quarter.

Mexico exports first shipment of extra light Olmeca crude to India
Feb 4 (Reuters)
Mexico's national oil company Pemex will export its first shipment of extra light Olmeca crude to India
later this month, the company said on Tuesday, as it seeks to expand markets beyond the neighboring
United States.
Pemex's commercial arm P.M.I.
Comercio Internacional will
deliver a shipment of 500,000
barrels of Olmeca in addition to
1.5 million barrels of heavy Maya
crude oil to the Asian nation
during the second half of
February, a company
spokesperson told Reuters.
Olmeca is Mexico's most
valuable form of crude. The
vast majority of Mexican
output is heavier crude which
is more costly to refine.
Current average Mexican oil
exports to India are around
100,000 bpd, which up until now has only comprised of Maya. The exports are part of an ongoing plan by
Pemex to diversify its export markets away from the United States, which is importing less Mexican crude
as its own domestic production surges.
Last year, about 70 percent of Mexico's crude exports were sent to the United States, but export volumes to
the U.S. are down by half since reaching a peak of 1.6 million barrels per day (bpd) in 2004, according to
data from Mexico's national statistics agency INEGI.
Mexico's crude oil production, which currently stands at 2.5 million bpd, is down by a quarter over the past
decade. Pemex has said it sees both India and China as future growth markets for its crude.
A sweeping energy reform signed into law in December promises to boost output by luring significant new
streams of foreign investment into Mexico's oil industry over the next several years. So-called secondary
laws needed to implement the reform are expected by April.
About Petróleos Mexicanos :Pemex,
is the Mexican state-owned petroleum company, created in 1938 by nationalized petroleum and the expunging of all
private foreign and domestic companies at that time. Pemex has a total asset worth of $415.75 billion, and is the
world's second largest non-publicly listed company by total market value, and Latin America's second largest
enterprise by annual revenue as of 2009, surpassed only by Petrobras (the Brazilian National Oil Company). The
majority of its shares are not listed publicly and are under control of the Mexican government, with the value of its
publicly listed shares totaling $102 billion in 2010, representing approximately one quarter of the company's total net
worth Emilio Lozoya Austin is the current CEO of Pemex.

National Gas Company S.A.O.G. (Oman) confirms CEO detained in corruption case
http://in.reuters.com/article/2014/02/05/oman-nationalgas-corruption-idINL5N0LA06I20140205
Oman's National Gas Co SAOG confirmed on Wednesday that its chief executive had been detained by
the public prosecutor over suspected bribery, and said the firm's financial c
ontroller would take over as acting CEO.
A source in the prosecutor's office told Reuters earlier this week that the detention of the
CEO, named on the company's website as Goutam Sen, was part of a wider
corruption probe involving Oman's oil industry and related sectors.
"The Board of Directors wish to inform that the Company has received a reply from the
public prosecution regarding the detention of the Company's CEO," National Gas Co
said in a bourse statement. "The reply received states that the CEO has been accused of
bribing a government official."
The firm said its "business would run as usual" and directors "do not expect any financial implications on
the company due to this development".
It said its financial controller, who was not named in the brief statement, "would be acting on behalf of the
CEO so that routine operations of the company do not get affected".
Omani leader Sultan Qaboos has been pursuing an anti-corruption campaign in an effort to stem public
anger about graft, which was one of the reasons behind mass protests in several Omani cities in 2011.
More than 20 government officials and private executives have gone on trial on charges of offering or
accepting bribes in exchange for contracts, mostly in infrastructure projects.
National Gas Co bottles and markets liquefied petroleum gas which it buys in bulk from Omani refineries. It
also provides engineering services.
About National Gas Company S.A.O.G. (Oman)
National Gas Company, a fully Omani owned Joint Stock Company is the pioneer in LP Gas Marketing in the
Sultanate of Oman. The company was incorporated in 1979 to meet the growing LPG requirements of consumers in
the region. In 1981, the company started bottling operations, heralded the beginning of LPG industry in Oman and
has today spread its wings over the entire country by having 7 strategically located plants. The Company has
sustained its pioneering status as energy solutions provider in the Asian Energy Market by maintaining continuous
growth and innovation. With presence in Oman, United Arab Emirates, Saudi Arabia,Qatar and Malaysia, the
company is now focusing on the high growth South East Asian LPG market. The company diversified to associated
valued added businesses to increase its presence, customer satisfaction and shareholder’s value.
NGC Group Companies
National Gas Company (Oman) NGC Energy (UAE) NGC Energy (Malaysia)

Pakistan hopes to sign cut-price gas deal with Qatar
http://www.arabianbusiness.com + Reuters
Pakistan will send officials to Qatar this month aiming to sign a liquefied natural gas (LNG) deal at a
discount to help alleviate its power supply crisis, a Pakistani official said. There have been widespread
public protests in Pakistan recent years over frequent power cuts due partly to a lack of fuel.
Islamabad had hoped to
address the problem with
natural gas piped overland
from Iran but that project
remains stalled by US
sanctions against Tehran.
It is now looking to much
more expensive LNG to
alleviate its power
problems.
"Qatar wants to sell at a
market price and Pakistan
is looking to get a
discount," the official said.
"We expect the deal to be
signed this month for an
amount of 3.5 million
tonnes per year." He said
Pakistani energy officials
would fly to Doha in late
February hoping to
convince Doha to sell
them about 5 percent of
Qatar's annual LNG output
at below international
market rates.
LNG currently trades in
the Asian spot market at
nearly $20 per million
British thermal units
Qatar, the world's leading
LNG producer, is not
known for offering
discounts. Qatar has the
capacity to produce up to
77 million tonnes per year
of the super-cooled gas.
In the past Doha has refused to sell discounted gas even to Arab Gulf allies and surging demand over the
last few years has given producers the upper hand in contract talks. Pakistan has also not yet built a
terminal to import LNG.

Russia's Gazprom Neft sees Iraqi output start in spring
Reuters - By Katya Golubkova and Olesya Astakhova
Russia's Gazprom Neft plans to start commercial oil production in spring at its Badra oilfield in Iraq and
hopes for an average output of 15,000 barrels per day (bpd) this year, a company official said on
Wednesday.
Gazprom Neft, the oil arm
of top Russian gas
producer Gazprom, is
targeting hydrocarbon
production of 100 million
tonnes of oil equivalent (2
million bpd) by 2020, up
60 percent from 62.2
million tonnes last year.
It earlier postponed initial
production at Badra due to
safety concerns and
logistical problems. "We
plan to start production (at
Badra) in spring ... the
target of this year is to
reach output of 15,000
barrels per day," Vadim
Yakovlev, a first deputy
chief executive of
Gazprom Neft, told
reporters. Its output at
Badra has been estimated
to reach 170,000 bpd of
crude oil by 2017.
Recent violence in Iraq, in
part a spillover from
neighbouring Syria, has
increased concerns about
security, even while the government is hoping that this year will bring the biggest annual rise in oil exports
in a decade. The oil field is located in the Wassit Province in eastern Iraq with an estimated 3 billion barrels
of oil in place. The Russian company submitted a tender in December 2009 and signed a contract with the
government in January 2010 to develop the field.
Since then, Gazprom Neft has had bumpy relations with the central Iraqi government over its plans to
develop oil in the semi-autonomous Kurdistan region, where it has shares in the Garmian, Shakal and
Halabja blocks. Yakovlev said the company plans to announce a commercial discovery at Garmian and start
test production at the block this year but declined to elaborate.
Kurdistan alone may produce up to 10 million tonnes of oil equivalent (200,000 barrels per day) at Gazprom
Neft's projects by 2020, he said.

SHALE WITH SHELL
In Russia, a joint venture between Gazprom Neft and Royal Dutch Shell has secured licenses this year to
start exploration at three hard-to-recover fields in the Bazhenov formation in the West Siberian region of
Khanty Mansiisk, Yakovlev said.
Oil production from tight rock formations is needed to
help keep Russia's output annual at over 10 million
bpd, the world's largest. Gazprom Neft and Shell have
already started "fracking" for oil in Siberia as part of
another joint venture.
Moscow has introduced tax breaks to encourage the
development of Bazhenov and other shale deposits,
which have led to drilling ventures with international
majors such as ExxonMobil and Statoil (Xetra:
DNQ.DE - news) . Russian producers have so far
reported recoverable crude oil reserves of 500 million tonnes, or 3.5 billion barrels, in Bazhenov.
Yakovlev also said the
company would probably sell
oil from Prirazlomnoye,
Russia's first Arctic offshore
oil deposit, at a discount to
Urals and Brent benchmark
blends due to its higher sulphur
content and higher viscosity.
Prirazlomnoye, which has
faced stiff resistance from
green activists, is expected to
produce 6,000 bpd this year
and plateau at 120,000 bpd in
2021. Gazprom Neft also
banks on other Arctic fields to
contribution to production.
Its Novoportovskoye onshore
Arctic field is scheduled for
commercial production at the
end of 2015 or beginning of
2016 and reach with peak
production of 5.5 million
tonnes (110,000 bpd) in 2018,
Yakovlev said. He added that the peak production estimate might be revised upwards by the end of this year
after additional exploration.
Novoportovskoye, previously expected to produce 120,000 to 180,000 bpd by 2020, has better oil
characteristics by comparison with Prirazlomnoye and may become a new grade to feed refineries in
northwest Europe. It is expected to trade at a premium to Brent.

United States says Iran 'not open for business'
Khaleej Times - 05 February, 2014
United States warns the growing number of business delegations traveling to Iran that sweeping sanctions
remained in place. US officials declared on Tuesday that Iran is “not open for business” and vowed to
scrutinise companies heading to the Islamic republic
since it entered a temporary nuclear agreement.
Testifying before skeptical lawmakers, President
Barack Obama’s administration detailed initial
sanctions relief to Iran, including the transfer of $
550 million in frozen oil revenues as part of a six-
month nuclear agreement. But Wendy Sherman,
who is spearheading the diplomacy with Tehran, said
that the United States was warning the growing
number of business delegations traveling to Iran that
sweeping sanctions remained in place.
“Tehran is not open for business because our sanctions relief is quite temporary, quite limited and quite
targeted,” Sherman, the under secretary of state for political affairs, told the Senate Foreign Relations
Committee. “It doesn’t matter whether the countries are friend or foe — if they evade our sanctions, we will
sanction them,” she said.
Sherman said that Secretary of State John Kerry spoke to Foreign Minister Laurent Fabius about a major
French delegation that is visiting Tehran, telling him that the trip — while from the private sector — was
“not helpful” in sending the message that “it is not business as usual.”
The delegation from the French employers’ union Medef is the largest from Europe since the November
nuclear accord and includes representatives from major companies such as Total, Lafarge and Peugeot.
Addressing the delegation, Deputy Oil Minister Ali Majedi encouraged foreign companies to return.
David Cohen, the Treasury Department official in charge of the sanctions, acknowledged “a slight uptick”
in Iran’s economic indicators but said that the United States would “vigorously” enforce sanctions. “The
Iranian economy is operating at significantly reduced levels and will continue to massively underperform
for the foreseeable future,” Cohen said.
The November agreement between Iran and six powers — Britain, China, France, Germany, Russia and the
United States — required Tehran to scale back its nuclear activities in return for the limited sanctions relief.
The Obama administration has presented the deal as a way to a peaceful solution to address longstanding
concerns with Iran but has said that it is not taking for granted that diplomacy will succeed.
Iran insists that its nuclear programme is for peaceful purposes. The clerical regime has particularly tense
relations with Israel, whose Prime Minister Benjamin Netanyahu has criticised the negotiated deal. The US
Congress, where support for Israel runs deep, has looked at ramping up sanctions on Iran despite the accord,
but Obama has threatened to veto any bid to derail the ongoing diplomacy.
Senator Robert Menendez, chairman of the Senate Foreign Relations Committee who has distanced himself
from fellow Democrat Obama on Iran, demanded that any final deal with Tehran include the dismantling of
“large portions of its nuclear infrastructure.” “We have placed our incredibly effective international
sanctions regime on the line without clearly defining the parameters of what we expect in a final
agreement,” Menendez said.
Just hold your horses

Senator Jim Risch, a Republican, said that he was “disgusted” by the diplomatic effort. “I hope you will
prove me dead wrong, but I don’t think (you) will, given the history of these people,” Risch said of Iran as
he criticized its imprisonment of at least two US citizens.
But Senator Tim Kaine, a Democrat, said that sanctions brought Iran to negotiations, and it was now
important to try “aggressive diplomacy.” Sanctions have “crippled the economy, but if anything it has also,
by making Iran isolated, accelerated their path to
try to develop nuclear technology for whatever
purpose,” Kaine said.
“So if we’re going to stop that nuclear programme
and that quest for nuclear weapons, we have to
either do it diplomatically or do it militarily,” he
said. Kaine warned that he would support war if
Iran pursued a nuclear weapon despite the deal. “We may have to undertake that significant step, but we
shouldn’t do it if we leave diplomatic avenues unexplored,” he said.
For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes, and on Twitter at @khaleejtimes

Shell opens its first post-Macondo platform in U.S. Gulf
Reuters - By Kristen Hays
Royal Dutch Shell said on Tuesday it is ramping up production at its newest Gulf of Mexico oil and gas
platform, its first to start up after BP Plc's 2010 Macondo oil spill fouled the basin and stopped drilling for
months.
Shell 's Olympus platform, towed
out to sea last summer, is the first of
seven new state-of-the-art platforms
slated to start pumping Gulf crude to
shore through 2016, reversing a
decline in output and supplementing
the U.S. onshore shale oil boom.
"2014's a big year for us in terms of
starting up new production," John
Hollowell, Shell's executive vice
president for deepwater in the
Americas, told Reuters in an interview.
Shell's Olympus sits about a mile (1.6
km) from its Mars platform around
130 miles (210 km) south of New
Orleans, and is the company's seventh
operated platform in the Gulf. Oil
began flowing from its first completed
well on Monday.
Shell said Olympus will help push the Mars oilfield's production to 100,000 barrels of oil equivalent per day
(boepd) by 2016. In 2013, the field produced an average of 60,000 boepd, the company said.
Other major Gulf producers with projects slated to start cumulatively pumping more than 700,000 barrels
per day in the next two years include Chevron Corp, Anadarko Petroleum (Dusseldorf: AAZ.DU - news)
Corp and Hess Corp.
Growth in Gulf output will bolster the United States' emerging role as the world's top oil and gas producer, a
trend helped by improved deepwater technology and advances in hydraulic fracturing and horizontal drilling
that unlock hydrocarbons from tight rock reservoirs in places like North Dakota's Bakken and the Permian
of West Texas.
The platform startup, as well as other projects to increase Gulf oil output, was a sharp contrast to cost issues
facing the Anglo-Dutch oil company, including its decision to suspend its controversial Arctic drilling
program as a wider effort to cut spending and streamline operations.
Shell Chief Executive Ben van Beurden told investors last week that improving profitability in North
American upstream "will be a particular priority for us." Recent signs of such streamlining include Shell
seeking to sell a stake in its newly reversed 300,000 bpd Houston-to-Houma crude oil pipeline, and shelving
a proposed gas-to-liquids) plant in Louisiana because of rising costs.

But Shell's commitment to the Gulf, where the company is the top oil producer, as a growth area remains.
Hollowell said the production startup of up to 50,000 boepd from its Cardamom field - which will be
hooked up to Shell's Auger platform - is on track for this year.
Shell also aims to start pumping in 2016 from its Stones field in the Gulf, using the basin's second floating
production, storage and offloading (FPSO) vessel rather than a moored platform like Olympus.
DELAYS ELSEWHERE
While Olympus started earlier than planned, startup for one of Chevron 's new platforms has been pushed to
2015. Chevron had planned to start both its 170,000 bpd Jack/St Malo and 75,000 bpd Big Foot platforms
later this year, but Big Foot will be shipped out to sea in the third quarter with startup slated for 2015, the
company said.
Both platforms figure heavily in Chevron's production growth plans. Also, BP last year put the brakes on its
second Mad Dog platform project because costs had risen sharply. A BP spokesman said on Tuesday that
the company remains committed to the project, albeit retooled as it evaluates different design and
development
options.
One other
deepwater
platform started
up after the BP
spill. LLOG
Exploration in
December 2011
began producing
from its Who Dat
field at a platform
with capacity to
handle up to
60,000 barrels per
day of oil and 150
million cubic feet
per day of natural
gas. LLOG aims
to start up its
Delta House
platform next
year.
Hollowell said the
startup of Olympus came six months ahead of schedule on efficiencies in design, construction and
commissioning. Shell had expected the platform to start pumping in the second half of 2014, he said.
The quicker startup is partly due to a new onshore control room in New Orleans for Olympus, from which
the company commissioned its seabed production equipment. "We are creating these operations centers for
all our platforms. Olympus just happens to be the first one," Hollowell said.

The future of fossil fuels in the global economy
http://voiceofrussia.com/2014_02_05/The-future-of-fossil-fuels-in-the-global-economy-5859/
The energy market of the 21st century is clearly proving to be very different from what energy in
the 20th century used to be. Advanced economies are shutting down many of the traditional plants
that used to provide most of the energy, only to be replaced with renewable energy producers as it
becomes more cost efficient and prevalent. The Director General at World Petroleum Council, Dr.
Pierce Riemer shared his view on the future of fossil fuels in the global economy .
The volatility of oil and gas prices is making many companies and even governments lean more
towards alternative energy and so is the scarcity of the coveted resource. Dr. Pierce Riemer
comments on what the prospects are for fossil fuels keeping their pivotal status in the global
economy:
'We have an awful lot of oil and gas still in the ground.
We are perhaps unique compared to lots of other
industries as we don’t actually control the price of the
product that we produce. So the oil price often
influences what we do anyway. So, then you have
activities – a lot of the unconventional activities – like the
oil sands in Canada, like oil and gas fracking, going into
the more expensive places to produce oil, like the Arctic.
All these things seem to come on stream. Although the
conventional – or the easy oil if there ever was such a
thing – is coming towards the end, there are so many
unconventional resources.'
The comfort of maintaining the current market status quo only partially explains why the shift
towards a fully green economy hasn’t happened yet. The reliance on traditional energy, namely
fossil fuels, is explained through the systemic character of the resource. Many economic models
on which to reside the business activity of large scale international enterprises and even sectors of
economy is built around oil and gas. Dr. Pierce Riemer further explains why a sudden and
complete seismic shift away from fossil fuels is hardly the world’s immediate future:
'There are so many energy and economic models out there to look at. Every country has its own
model: OPEC has theirs, IAEA has theirs, most governments have their own as well. Most of
those models still see us relying on fossil fuels at least for the next fifty to seventy five years.
Hopefully, there will be a progression towards renewable over the fossil fuels, because we will run
out eventually.'
The future of energy is, of course, in the cleaner sources of power. Renewable energy is growing
quickly, but it isn't the largest electricity producer. How soon they start dominating the energy
market is largely dependent on their becoming completely economically viable .

Collabro Helps Maersk Oil Qatar to Track Offshore Personnel
http://www.offshoreenergy.com
Collabro has announced its first major contract win in the Middle East with Maersk Oil in Qatar. The
agreement, worth in the region of £460,000, will see Vantage POB and support services delivered in the
region. Vantage POB is the industry standard personnel tracking system for the oil and gas industry in the
UKCS and in Europe. The web-based system enables users to
efficiently monitor and control the movements of personnel to and
from offshore facilities and also onshore sites such as process
plants.Vantage POB tracks 18,000 personnel working offshore across
250+ installations with 4500 users in the UKCS alone with 99.98%
availability and 100% reliability.
Kevin Walker, Vantage POB product manager at Collabro, said:
“Maersk Oil Qatar has selected Vantage POB to provide
comprehensive personnel logistics management across all assets in the vast Al Shaheen oil field. This is our
first major client in the Middle East and is attracting great interest from other companies situated within the
Arabian Gulf.
Positively, we are
seeing an increased
number of global oil
and gas operators
underlining their
commitment to
efficient health, safety
and personnel
logistics management.
The fact that Vantage
POB has been tried
and tested in the
UKCS, for the past 10
years, gives the
product a lot of global
credibility. We are
looking forward to
accelerating our
international
expansion over the
next year, as this
trend continues.”
Vantage POB is now
used by 65 oil and gas
operators from Alaska
to Australia. Collabro has also established Vantage POB as the platform for country-wide offshore safety
passports, with coverage for all offshore oil and gas workers in the UK, the Netherlands, and Nigeria.

Brent holds above $106
http://www.upstreamonline.com
Brent crude held steady above $106 a barrel on Thursday as worries over global economic growth dented
the demand outlook, with its premium to US crude continuing to narrow as more cold weather hit the United
States. The oil market has mostly escaped the recent selloff in risky assets, which was sparked by emerging
markets turmoil and a mixed picture on global economic growth.
"Commodities have largely been unaffected by the
emerging market turmoil so far. Industrial metals are likely
to be most affected, while the energy market is getting
support from the fact that the global economy presumably
is back on the right track," said Mark Keenan, head of
commodities research in Asia at Societe Generale.
Brent crude was trading 5 cents higher at $106.30 per barrel early on Thursday, having settled up 47 cents
the session before. US crude rose 18 cents to $97.56 a barrel, after closing up 19 cents. The benchmark was
supported as severe snow and ice storms in the Northeastern states boosted demand for heating fuels. The
storms had left almost a million homes and businesses without power on Wednesday.
US stocks of distillates fell 2.4 million barrels last week - more than expected - and inventories of the fuels
on the East Coast declined to their lowest level since April 2003 due to the continued cold spell, data from
the Energy Information Administration (EIA) showed. "Recent cold weather has increased demand of
distillates in the United States, and that has kept the petroleum complex elevated," said Keenan. Demand for
jet fuel, however, was hit with 2880 flights cancelled on Wednesday throughout the United States.
Oil markets were also supported by a pickup in the US services sector in January, with steady strength in
private-sector hiring, suggesting the winter weather that socked the country over the few several weeks had
a limited effect on the economy. Crude stocks at Cushing fell 1.6 million barrels to 40.3 million barrels last
week, reflecting the start-up last month of TransCanada's 700,000 barrel per day Gulf Coast pipeline, which
had been expected to ease a glut at the Oklahoma storage hub.
Support for US crude narrowed the gap to the international benchmark to $8.74 per barrel on Thursday. The
spread touched $7.94 per barrel on Wednesday, the narrowest since 10 October, before closing at $8.87 per
barrel. The narrowing gap comes as many investors have pulled out of heavy speculation in the spread.
"We have seen a clear step back from the speculative community, including hedge funds, simply because
they lost so much money on trading the spread. As a result, the spread is now more driven by fundamental
factors, and this will keep volatility in the spread lower," said Keenan, who expects the spread to narrow
further.
Elsewhere, Syria on Wednesday missed a deadline to hand over all the toxic materials it declared to the
world's chemical weapons watchdog, putting the programme several weeks behind schedule and
jeopardising a final 30 June deadline. Investors will also keep an eye on the outcome of Thursday's
European Central Bank policy meeting and whether policymakers would consider further stimulus to help a
still-fragile euro zone economy.

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
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Mobile : +97150-4822502
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Pipeline Network Facility & gas compressor stations . Through the years , he has developed great experiences in the designinPipeline Network Facility & gas compressor stations . Through the years , he has developed great experiences in the designinPipeline Network Facility & gas compressor stations . Through the years , he has developed great experiences in the designinPipeline Network Facility & gas compressor stations . Through the years , he has developed great experiences in the designing & constructingg & constructingg & constructingg & constructing of gas pipelines,of gas pipelines,of gas pipelines,of gas pipelines,
gas metering & regulating stations and in the engineering of supply rgas metering & regulating stations and in the engineering of supply rgas metering & regulating stations and in the engineering of supply rgas metering & regulating stations and in the engineering of supply routes. Many years were spent drafting, & compiling gas transportation , operation &outes. Many years were spent drafting, & compiling gas transportation , operation &outes. Many years were spent drafting, & compiling gas transportation , operation &outes. Many years were spent drafting, & compiling gas transportation , operation &
maintenance agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas Cmaintenance agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas Cmaintenance agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas Cmaintenance agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAEonferences held in the UAEonferences held in the UAEonferences held in the UAE
andandandand Energy programEnergy programEnergy programEnergy program broadcasted internationally , via GCC leading satellitebroadcasted internationally , via GCC leading satellitebroadcasted internationally , via GCC leading satellitebroadcasted internationally , via GCC leading satellite ChannelsChannelsChannelsChannels ....
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase 06 February 2014 K. Al Awadi

Songa Offshore Achieves High Efficiency

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