News / International
Chevron to face charges over Brazil spill
A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill. Sudan and South Sudan leaders bid to defuse oil dispute
The presidents of Sudan and South Sudan are meeting in the Ethiopian capital Addis Ababa to discuss a deepening crisis over sharing their oil wealth Iraq, Shell New Venture to Boost Gas Output in 2012
A joint venture between Iraq, Royal Dutch Shell plc and Mitsubishi Corp. to capture and process huge volumes of gas flared from its giant southern oil fields is expected to start production this year, a senior Iraqi oil ministry official said here Thursday. Libyan oil output hits 1.3 million bpd: NOC
Oil production in Libya has reached 1.3 million barrels per day, the state-owned National Oil Corporation said Thursday, as the North African nation eyes a return to its output before Moamer Kadhafi's ouster. Aminex provides update on Ntorya-1 well onshore Tanzania
Aminex has announced a further update on drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania. The well was spudded on the 22 December 2011 and has been drilled to 1,535 metres where an intermediate casing string has been set. Conoco Quarterly Profit Rises 66%; Company Plans to Cut Natural-Gas Output
ConocoPhillips (COP) reported fourth- quarter profit that surpassed analysts' estimates as the producer said it plans to idle some natural-gas wells because of low prices and focus on boosting output of petroleum liquids such as crude. Iraq, Lukoil Award $998M West Qurna Deal to Samsung
Iraq and Russia's OAO Lukoil Holding have awarded a $998 million deal to south Korea's Samsung Group to develop the supergiant West Qurna phase 2 oil field, the Iraqi government said in a statement Wednesday. Brent rises above $110 as Fed vows low interest rates
Brent crude rose above $110 on Thursday, extending gains on hopes of demand growth revival after the U.S. Federal Reserve said it would keep interest rates low for much longer than previously planned, to help speed economic recovery. 
