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BP to pay Devon $7 billion for oil fields
Thursday, March 11, 2010
London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
OPEC may face Iraq challenge sooner than expected
Thursday, March 11, 2010
The storm brewing on OPEC's horizon over future Iraqi oil output could engulf the producer group sooner than it would like.
Iran signs on Chinese rig
Monday, March 8, 2010
Iran's North Oil Drilling Company signed a $143 million deal with a unit of China National Petroleum Corporation, according to reports.
OIL Field Discovery in Syria by OVL and Partner
Monday, March 8, 2010
ONGC Videsh Ltd. and its partner IPR Mediterranean Exploration Ltd. have made significant new oilfield discoveries in Block-XXIV located in northeastern part of Syria. The discoveries of Rashid and Abu Khashab fields have been back to back in 2009.
Petroceltic seeks Algerian extension
Thursday, March 4, 2010
Petroceltic, Irish exploration firm, announced that it will have more operating projects in Algeria, Italy and Tunisia in 2010.
Maersk tumbles on global crisis
Thursday, March 4, 2010
Maersk Group, the Danish firm, reported a net loss of $1 billion compared to a net profit of $3.5 billion in 2008, on the back of lower freight rates and lower prices for oil and gas as a result of the global economic crisis.
Russia's Gazprom to halve its Novatek stake
Wednesday, March 3, 2010
The Russian daily Kommersant reported that Gazprom is planning to swap more than half of its shares in Novatek for 51% of Sibneftegaz.
Syria to Buy Azerbaijani Gas
Wednesday, March 3, 2010
Syria made an agreement with Azerbaijan to buy 1 to 1.5 billion cubic meters of Azerbaijani gas annually through Turkey.
Abu Dhabi: Takreer signs $9.6b deals to boost capacity
Wednesday, March 3, 2010
Takreer, Abu Dhabi's oil refining company inked four agreements worth $9.6 billion (Dh35.25 billion) with four Korean companies to expand its oil refining capacity in Ruwais by the end of 2013, according to WAM the Emirati News Agency.
Iran to tender 8 exploration blocks
Wednesday, March 3, 2010
"We are planning to hold tenders on eight exploration blocks soon. We are currently preparing the needed documents on these blocks," Mahmoud Mohaddes, exploration chief at National Iranian Oil Company, was quoted as saying by the semi-official Mehr News Agency.
Aramco to drill in Red Sea's deep waters
Wednesday, March 3, 2010
The giant state-owned company Saudi Aramco is planning to explore in deeper offshore areas of the Red Sea on a search for new energy treasures in the next two years.
Potential for more Israeli gas finds
Wednesday, March 3, 2010
Noble Energy, the explorer that was part of the biggest natural gas discovery in Israel, sees potential for additional finds in the Jewish country.
DNO updates drilling operations in Yemen and Kurdistan
Wednesday, March 3, 2010
DNO has updated its drilling operations in Blocks 43, 47 & 53 in Yemen and in the Erbil license in Kurdistan, where the Erbil-2 well has tested 200-300 bopd of heavy oil.
BP to quit five African states
Tuesday, March 2, 2010
BP stated that it would pull out of five countries in southern Africa, but would still invest in Egypt and South Africa.
Iraq sets West Qurna and Zubair baseline
Monday, March 1, 2010
Iraq's Oil Ministry has agreed with ExxonMobil and Royal Dutch Shell to set the baseline production level at Iraq's West Qurna Phase One oilfield at 244,000 barrels per day (bpd).
Success of the OMOC-N-1 well: flow over 1,700 bpd
Monday, March 1, 2010
The exploration well OMOC-N-1, drilled in the Onal AEE, has identified a 111-metre column of oil in the Grčs du Kissenda. Pump tests have established a flow of 1,700 bpd of oil (flow limited by the pump’s maximum capacity) with an API of 33.4.
India seeks to boost Saudi energy links
Monday, March 1, 2010
Saudi Arabia announced that it would double its supply of crude oil to India to reach 40 million tones a year in a move to help India meet its growing demands.
Algeria's Sonatrach reports big gas discovery
Sunday, February 28, 2010
Algeria's Sonatrach announced a new natural gas discovery at El Kheit Tessekha extension-1 well in the Menzel Ledjmat contract area of the Berkine basin, flowing with a rate of 44.18 million cubic feet per day.
Saudi Aramco awards Baker Hughes contract for Coiled Tubing Drilling Systems
Friday, February 26, 2010
Saudi Aramco has awarded Baker Hughes a two-year contract for two fit-for-purpose underbalanced coiled tubing drilling packages designed to re-enter existing wells in the gas fields of southern Saudi Arabia.
Gazprom to carry out a new company
Friday, February 26, 2010
The daily Russian Kommersant reported that Gazprom might be in the process of creating a new gas company out of already three existing firms.
Devon to sell off ACG stake
Friday, February 26, 2010
A senior official at Azeri state energy company Socar announced that Devon Energy is thinking of selling its stake in the Azeri-Chirag-Gunsheli oilfields.
Start-up of RasGas Train 7 boosts Qatar's LNG production capacity
Thursday, February 25, 2010
Ras Laffan Liquefied Natural Gas Company Limited (3) (RL 3), part of RasGas companies, announced the successful completion and start-up of its seventh liquefied natural gas (LNG) train.
Total to invest $20b in Nigeria
Thursday, February 25, 2010
French oil major Total SA is investing $20 billion with partners in four energy projects in Nigeria over the next four to five years, a company spokesman announced.
Lundin revives life into Thistle
Thursday, February 25, 2010
Sweden's Lundin Petroleum announced that it will restart the operations in the Thistle field for the first time in over 20 years.
Tethys Petroleum gives details on Kazakhstan Oil Test-Test Analysis and Forward Program
Wednesday, February 24, 2010
Tethys Petroleum Limited today gave further details on the testing of the recent AKD01 (Doris) exploration oil discovery on the Akkulka Block in Kazakhstan and briefed on the Company's future plans to appraise the discovery.
Saudis make new gas hit
Wednesday, February 24, 2010
Saudi Arabia reported finding new gas in the northern Jalamid area, which it said could be commercially exploited.
Qatar and Mobil initiate AKG-2 Project
Wednesday, February 24, 2010
Exxon Mobil Corporation and Qatar Petroleum confirmed that the Al Khaleej Gas-Phase 2 (AKG-2) project, with 1,250 million cubic feet per day (mcfd) of sales gas capacity, initiated operations in December 2009.
Khafji output to reach 300,000bpd
Wednesday, February 24, 2010
Kuwait Gulf Oil Company's managing director, Bader Al Khashti, said that production from Al Khafji oilfield is expected to rise to 300,000 barrels per day (bpd) by the end of the first quarter.
Companies 'can't afford' to drill for North Sea oil and gas
Wednesday, February 24, 2010
A recent survey of 70 active companies by industry body Oil & Gas UK shows that a large number of companies cannot afford to increase oil and gas exploration in the North Sea, in spite of an increase in known reserves.
PetroChina: high gas flow in the Yingmai block
Wednesday, February 24, 2010
China National Petroleum Corp. (CNPC), PetroChina’s parent company, announced that it acquired a high gas flow at a well in Tarim oilfield.
Schlumberger and Smith International Announce Agreement
Monday, February 22, 2010
Schlumberger Ltd and Smith International, Inc. jointly announced today that their Boards of Directors have unanimously approved a definitive merger agreement in which the companies would combine in a stock-for-stock transaction.
A possible merger between Schlumberger Ltd. and Smith International Inc.
Sunday, February 21, 2010
A possible merger between Schlumberger Ltd. and Smith International Inc. highlights a continuing theme in the oil-field services industry: Size matters.
CNOOC closing the deal of Maysan oilfields
Tuesday, February 16, 2010
Iraqi oil officials stated that the Oil Ministry is discussing a service contract with China’s CNOOC for the Maysan oilfield complex
Iraq forms new state-owned firm
Sunday, February 14, 2010
The Iraqi ministry spokesman, Assem Jihad said that Iraq launched its fourth sate-owned oil company, to oversee development of fields in the country's central.
Kongsberg seals Middle East deal
Sunday, February 14, 2010
The offshore technology player Kongsberg Oil & Gas Technologies has won its first contract for its latest 3D visualization technology, SIM Reservoir.
Statoil: Small oil discovery in the Tampen area
Thursday, February 11, 2010
Statoil announced a limited indications of oil exploration during drilling in the Omega Nord well which located six kilometers north-east of the Snorre field in the North Sea. However, the discovery might not be commercially viable due to the qualities of the sand and shale rocks.
M-I SWACO ranks first at the EnergyPoint Research of Independent Customer Satisfaction Ratings & Rankings
Wednesday, February 10, 2010
The EnergyPoint market research ranked M-I SWACO, a global provider of oilfield fluids and fluids-related systems and services, number one in customer satisfaction in the survey overall.
Farewell to Hassan Marican
Wednesday, February 10, 2010
For over a decade, Tan Sri Mohd Hassan Marican has been the face of Petronas, the man they bid farewell yesterday.
Aker Solutions signs subsea contract with Repsol
Sunday, February 7, 2010
Aker Solutions has signed a contract with Repsol Investigaciones Petroliferas S.A. for delivery of subsea equipment to the Spanish oil company's Mediterranean wells. Contract value is approximately NOK 120 million.
Iran claims new oil and gas fields
Sunday, February 7, 2010
Iranian Oil Minister Masoud Mirkazemi announced the discovery of an oilfield and a gas field, with reserves estimated by $85 billion.
Azadegan oilfield boosts output
Thursday, February 4, 2010
Iranian Deputy Oil Minister, Seifollah Jashnsaz told Mehr News Agency that Iran’s Azadegan oilfield production reached 40,000 barrels per day (bpd).
LUKOIL signs development and production agreement at the Iraqi West Qurna-2 field
Thursday, February 4, 2010
Vagit Alekperov, OAO LUKOIL President, signed a development and production agreement at the Iraqi West Qurna-2 field in Baghdad.
New offshore oilfield found in Dubai
Thursday, February 4, 2010
The office of Dubai's ruler announced the discovery of a new maritime oilfield in the emirate of Dubai.
Shell profits collapse on weak refining, gas
Thursday, February 4, 2010
Royal Dutch Shell posted a 75 percent fall in fourth quarter profits to $1.18 billion, as it was punished for its strong positions in the ailing natural gas and refining businesses.
BP CEO: World oil demand will peak sometime after 2020
Thursday, February 4, 2010
BP Chief Executive, Tony Hayward said in an interview on BBC radio that world demand will rise to reach its peak after the year 2020, with a maximum of 110 million barrels per day (bpd).
Iraq May Become Top Global Oil Producer In 6-7 Years
Monday, February 1, 2010
Iraqi Oil Minister, Hussian Al Shahristani said that he expects Iraq to be top global oil producer in six to seven years.
Shell cuts Nigeria oil output after pipeline sabotage
Monday, February 1, 2010
Royal Dutch Shell had to shut down three oil flow stations in Nigeria's Niger Delta region due to a pipeline attack, the company spokeswoman said
OPEC official: Iraq OPEC quota not needed for few years
Monday, February 1, 2010
OPEC Secretary General, Abdullah AL Badry announced that it will be four to five years before there is a need to include Iraqi oil output within OPEC’s oil production policy.
Tethys Oil: Farha South Oil Well Tests 1,010 bopd on Pump
Thursday, January 28, 2010
A production test using a down hole Electrical Submersible Pump (ESP) has been completed in the Barik formation in the Farha South-3 well on Block 3 onshore Oman.
RasGas Increasing Gas Production
Wednesday, January 27, 2010
Qatar's RasGas expects its train 7 liquefied natural gas production facility to come alive in early February, a company executive said on Tuesday.
Kuwait To Boost Northern Production
Wednesday, January 27, 2010
Hosnia Hashim, an executive in charge of North Kuwait for state owned Kuwait Oil Company (KOC), told Al Seyassah newspaper that the northern fields currently produce around 650,000 barrel of oil and 500 million cubic feet of gas per day.
World's Top Offshore Discoveries In 2009
Sunday, January 24, 2010
2009 will be remembered for its significant offshore oil and gas discoveries worldwide. Of the 10 top discoveries for the year, two were made in the GOM, two were found off Australia, and one each off Brazil, China, Israel, the UK, Venezuela, and West Africa.
Tethys Oil: testing operations on East Saiwan-2 concluded
Tuesday, January 19, 2010
The testing operations of the heavy oil zones encountered in East Saiwan-2 on Block 4 onshore Oman have been concluded.
Iran praises OPEC
Tuesday, January 19, 2010
A senior Iranian oil official was quoted describing the commitment of OPEC (The Organization of the Petroleum Exporting Countries) to the crude output targets as "successful". Last year, the members reached a compliance of 66 percent.
Qatar oil minister: market "well supplied"
Tuesday, January 19, 2010
Abdullah bin Hamad Al Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar said that the markets have enough oil supply.
Libya: OPEC will not raise production
Thursday, January 14, 2010
A senior Libyan oil official said that his country is pleased with the current oil price, around $80 a barrel, adding that the Organization of Petroleum Exporting Countries (OPEC) is not expected to increase the production unless the price of barrel reaches $100.
Russian oil flows to Belarus despite talks failure
Monday, January 11, 2010
Russian oil continues to flow to Belarus and via Belarus to the European Union despite a failure by Moscow and Minsk to seal a new oil supply deal at talks on Saturday.
Iraq finalizes oil deals this month
Monday, January 11, 2010
Iraq's Oil Ministry will settle deals later this month with foreign energy firms for its Majnoon, Gharaf, Qayara and Najmah oilfields, said a top official.
Pipeline attack cuts Chevron Nigeria oil output
Monday, January 11, 2010
U.S. Oil Major Chevron said it was forced to shut down 20 thousand barrels per day (bpd) of crude oil production in Nigeria after confirming a breach to one of its pipelines.
Oil reaches its highest in 15 months
Monday, January 11, 2010
Oil prices rose 1 percent on Monday, hitting a fresh 15 month high above $83 a barrel, and a supported data showing China's crude oil imports increased by nearly 25 percent in December as the U.S. dollar weakened.
Statoil launch new biofuel in Norway
Tuesday, January 5, 2010
Statoil is the first company in Norway to offer 5 per cent bioethanol to general consumers. From January 2010 onwards 40 per cent of Statoil's stations will be selling the new biofuel "Bensin 95".
ADNOC lowers selling price of oil exports after Nov high
Monday, January 4, 2010
Abu Dhabi National Oil Co, which exports most of its oil to Asia, lowered official December selling prices after they reached the highest level in 14 months in November.
Iraq awaits oil firms to pass on deal changes
Monday, January 4, 2010
Global companies negotiating multi-billion dollar oilfield deals with Iraq have not yet responded to government requests for adjustments to the contracts, a government spokesman said, contradicting an earlier Oil Ministry statement.
Sonangol signs initial pacts for two Iraqi oil fields
Sunday, January 3, 2010
Sociedade Nacional de Combustiveis de Angola, better known as Sonangol, signed Wednesday in Baghdad two initial deals to develop Qaiyarah and Najmah oil fields in northern Iraq, officials said.
Shell looks to offload Nigerian assets for $5bn
Sunday, January 3, 2010
The Anglo-Dutch supermajor Shell's plans to sell US$5 billion worth of oil assets in Nigeria has been met by bemusement by the West African state's government.
Oman Oil refinery sees fall in 2009 production
Sunday, January 3, 2010
The quantity of oil used at Oman Oil Refineries and Petrochemicals Company declined by 7.2 percent during the first ten months of 2009, in comparision to the same period in 2008, a statistics bulletin issued by the National Economy Ministry said.
Algeria's Khelil sees oil at $70-80 next year
Sunday, January 3, 2010
Oil prices are likely to hover between $70 and $80 a barrel next year if the world economy strengthens, Algerian Energy and Mines Minister Chakib Khelil said.
Oil prices rise on last day of 2009
Thursday, December 31, 2009
World oil prices, which have soared 40 percent this year on signs of global economic recovery, rose Thursday as solid US demand underpinned the market on the last trading day of 2009, traders said.
Putin launches new Russia oil route to Asia
Monday, December 28, 2009
Russia launched a new Pacific oil terminal that will allow the world's largest energy producer to conquer Asian markets and divert some Siberian crude flows away from Europe.
Al Khafji oilfield projects bid deadline extended
Monday, December 28, 2009
The bidders of a joint venture between Saudi Arabia and Kuwait said that the bidding closing date the for two projects at Al Khafji oilfield has extended to the 28th of December.
Iraq to increase oil exports to China
Tuesday, December 22, 2009
The Iraqi Oil Minister Hussain al-Shahristani told Reuters today that Iraq accepted to raise its oil exports over the next year.
CNOOC, Total and Repsol consortia win Algerian exploration permits
Monday, December 21, 2009
Algeria's Ministry of Energy awarded three exploration licenses out of 10 permits on offer at a public session, said the Head of the licensing committee Djilali Takkherst.
Oil prices slip as dollar strengthens
Monday, December 7, 2009
World oil prices fell on Monday, reversing earlier gains and in line with other commodity markets, as traders took their cue from a stronger dollar, dealers said.
Arous Al-Bahar discovery well flows oil, gas offshore Libya
Thursday, December 3, 2009
Hess Corporation's fully-owned subsidiary Hess Libya Exploration Limited (HLEL) has carried out a successful test of its discovery well A1-54/01 offshore Libya in the Mediterranean Sea.
Saipem win contracts worth around $753 million
Wednesday, December 2, 2009
The Italian oilfield services giant Saipem has announced that it has been awarded a number of new onshore contracts with a total of around US$753 million.
Iran offers India 40% stake in South Pars
Wednesday, December 2, 2009
National Iranian Oil Co., or NIOC, has offered India a 40% interest in phase 12 of the South Pars gas field and 6 million metric tons of liquefied natural gas a year, its managing director said.
Fugro awarded 3.5 year service contract Middle East
Wednesday, December 2, 2009
Fugro Survey (Middle East) Limited has been awarded a 3.5 year extension to their existing contracts with engineering and construction company, J. Ray McDermott (J. Ray), for the provision of survey, positioning and Remotely Operated Vehicle (ROV) services in the United Arab Emirates, Qatar, India and Saudi Arabia. J. Ray currently operate four major work barges in the region as well as a large number of other support vessels.
Zamil Group and Petrofac establish new joint venture in Saudi Arabia
Wednesday, November 25, 2009
Petrofac, the international oil & gas facilities service provider, has established a Joint Venture agreement with Zamil Group Holding Company to create and operate a new service centre facility in the Kingdom of Saudi Arabia.
Oman forecasts 2010 oil price
Tuesday, November 24, 2009
Oman expects oil prices to range between $70 and $80 a barrel in 2010, some 40% to 60% more than the $50 estimate the country is using for to calculate its budget, Oman's national economy minister said.
Petrotechnics secures its move into the Middle East with $1million contract win
Thursday, November 19, 2009
Petrotechnics, the global leader in transforming the efficiency and effectiveness of frontline operations in the oil and gas industry, has announced the first deployment of its electronic integrated safe system of work (ISSOW) solution in the Middle East.
Testing operations on Omani oil discoveries to commence
Sunday, November 15, 2009
Tethys and partner CCED (Oman) Ltd (operator) have contracted MB Petroleum LLC to provide the MB 49 work over rig to conduct testing operations on Blocks 3 and 4 onshore Oman. The 450 hp rig is currently being mobilized on Block 3 and testing operations will begin in the next couple of days. The Barik sandstone, which displayed excellent oil shows whilst drilling, was not fully evaluated at the time and will now be tested
Dana Gas achieves revenue of AED 359 million in the third quarter
Sunday, November 15, 2009
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced its financial results for the quarter ending 30th September 2009.
Qatar to boost LNG exports to China
Sunday, November 15, 2009
Qatar has agreed to boost supplies of liquefied natural gas to China by at least 5 million tonnes a year from early next decade, the world's largest LNG exporter said.
Global oil demand to see growth in Q4 - IEA
Sunday, November 15, 2009
Global oil demand will grow in the fourth quarter of 2009, its first year-on-year increase in fuel use since the second quarter of 2008, the International Energy Agency said.
Halliburton wins 5-yr drilling gig in Mega-Giant Ghawar field
Sunday, November 8, 2009
Halliburton has been awarded the integrated turnkey drilling contract in South Ghawar. Located approximately 200 kilometers (124 miles) from the city of Dhahran, the Ghawar field is the world's largest oil field and the contract would involve work in Uthmaniyah, Haradh, Hawiyah and Shedgum.
Exxon-Shell consortium's deal will boost Iraq's output
Sunday, November 8, 2009
ExxonMobil and Royal Dutch Shell signed a deal with the Iraqi Oil Ministry on Thursday to develop a major field, marking the first foray by a U.S.-led consortium into Iraq's promising but uncertain oil industry.
Aramco gas supplies to rise 30 pct in 5 yrs-reports
Sunday, November 8, 2009
Saudi Aramco plans to raise its daily gas supplies by 30 percent within five years to 8 billion cubic feet, Al-Hayat newspaper quoted its Chief Executive Khalid al-Falih as saying on Sunday.
Yemen sends its first LNG shipment
Sunday, November 8, 2009
Yemen dispatched its first liquefied natural gas (LNG) shipment on Saturday from a $4.5 billion Total-led plant, as the leader of the violence-torn country sought to soothe security concerns.
Russia maintains oil output lead as level hits record 10m barrels
Thursday, November 5, 2009
Russian October oil output inched up to 10.04 million barrels per day from already record-high 10.01 million bpd in September, while the country's October daily gas output rose by 15.8 per cent to 1.76 billion cubic metres from 1.52 bcm in the previous month.
Petrobras looking at potential investments in Saudi Arabia
Thursday, November 5, 2009
Petróleo Brasileiro S/A - Petrobras, announces that, after a visit made to Saudi Arabia late October, it is analyzing some investment opportunities in that country.
RWE says not in talks with Iran on Nabucco
Wednesday, November 4, 2009
German utility company RWE said it is not in talks with Iran regarding the country's participation in the €7.9 billion ($11.71 billion) Nabucco gas pipeline project.
BP, CNPC to triple output from Super-Giant Rumaila field
Wednesday, November 4, 2009
BP, and China National Petroleum Corporation (CNPC), have signed a technical service contract with Iraq's state-owned South Oil Company (SOC) to expand production from the Rumaila oil field, near Basra in southern Iraq.
StatoilHydro becomes Statoil
Tuesday, November 3, 2009
StatoilHydro ASA is changing its name to Statoil ASA with effect from today, and simultaneously adopting its new visual identity.
Apache's third-quarter production exceeds 600,000 boe per day
Sunday, November 1, 2009
Apache Corporation reported that for the first time average worldwide production surpassed 600,000 barrels of oil equivalent (boe) per day during the third quarter, increasing 3.4 percent from the second quarter and 19 percent from the prior-year period.
Abu Dhabi to launch massive offshore development in 2010
Tuesday, October 20, 2009
Zakum Development Co., or Zadco, which is majority-owned by Abu Dhabi National Oil Co., will tender contracts next year to help it develop at a cost of as much as $15 billion the massive Upper Zakum oil field, a senior company official said.
Plexus Holdings announces second contract with Dubai Petroleum
Tuesday, October 20, 2009
Plexus Holdings PLC, the AIM listed oil and gas engineering services business which supplies wellhead and mudline suspension equipment for exploration and production applications, has been awarded a second contract with Dubai Petroleum Establishment ('Dubai Petroleum'), a leading oil and gas company in the Middle East, to supply the Company’s 10,000 psi POS-GRIP wellhead technology with mudline suspension systems for exploration activities offshore United Arab Emirates in the Arabian Gulf. The contract is anticipated to commence in H1 of our financial year to 30 June 2010.
Iraq plans to drill 150 Wells in 2010
Sunday, October 18, 2009
Iraq is planning to drill around 150 oil wells next year which will increase the country's crude oil production by 250,000 barrels a day, head of the state-run Iraqi drilling company said.
Total starts up Yemen LNG production
Sunday, October 18, 2009
Total announces that the Yemen LNG liquefaction plant started producing Liquefied Natural Gas (LNG) on October 15, 2009. Total is lead shareholder of Yemen LNG and holds a 39.62% interest, alongside the state-owned company Yemen Gas Company (16.73%), Hunt Oil Company (17.22%), SK Energy (9.55%), Korea Gas Corporation (6%), Hyundai Corporation (5.88%), and GASSP1 (5%).
Eni wins license for Giant Iraqi oil field in first round
Wednesday, October 14, 2009
Eni has been awarded the license for the development of the Zubair giant field in Iraq, following a successful first round bid. The license has been awarded to an Eni-led consortium (with Eni as Operator), consisting of the US Occidental Petroleum Corporation and Korea Gaz Corporation.
Total interested in continuing Pars LNG Project
Tuesday, October 13, 2009
Total has resumed contacts to enter the Pars liquefied-natural-gas export scheme in Iran, a state company said, despite rising tensions between the West and the Islamic Republic.
Apache to sell 50 MMcf per day for $5 per MMBtu through Argentina's Gas Plus Program
Wednesday, October 7, 2009
Apache Corporation announced government approvals of new contracts to supply 50 million cubic feet (MMcf) of natural gas per day from two fields in Argentina's Neuquen and Rio Negro provinces at a price of $5 per million British thermal units (MMBtu).
Exxon-Sabic venture to cost $5b
Wednesday, October 7, 2009
ExxonMobil Chemical and Saudi Basic Industries Corp (Sabic) joint-venture synthetic rubber plants were expected to cost about $5 billion (Dh18.39 billion), a senior company executive said.
Shell and Halliburton push the limits of extreme well conditions in Libya
Wednesday, October 7, 2009
Halliburton announces the recent deployment of its new Hostile Sequential Formation Tester II (HSFT-II™) tool. This latest formation evaluation tool allows operators to evaluate formations at increased pressures and temperatures, up to 30,000 pounds per square inch (psi) and 450°F, respectively, and in boreholes as small as four inches. No other commercially available formation testing tool is rated for such operating conditions.
Jordan to weigh BP Risha plan
Thursday, October 1, 2009
The Jordanian Cabinet is set to discuss a draft gas exploration agreement with BP to develop the Risha gas field before giving it final approval, according to reports.


 

 

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