News / International
India and Pakistan announce joint energy initiatives
India and Pakistan on Wednesday announced several initiatives to accelerate cooperation in the oil and gas sector, as the two energy-starved nuclear-armed neighbours try to mend economic ties despite political differences. Gulf Keystone Petroleum provides operational update in Kurdistan
Gulf Keystone provides an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis with a mean value of 10.5 billion barrels. Kuwait’s crude oil exports to China jump 58.9 percent
Kuwait's crude oil exports to China surged 58.9 percent in December 2011 from a year earlier to 853,000 tons, equivalent to around 202,000 barrels per day (bpd), for the first gain in two months, latest official data showed. Australia joins EU in banning Iranian oil imports
Australia has joined the EU in banning imports of Iranian oil and imposing a range of heavy sanctions amid threats of retaliatory military action by Tehran. San Leon Energy completes Morocco 2D seismic campaign
San Leon Energy has completed the acquisition of more than 2,280 km of 2D seismic across its Tarfaya and Zag Licences onshore Morocco. The data was acquired by San Leon Energy's wholly owned subsidiary, NovaSeis. EU bans Iranian oil, Tehran responds with threats
The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development programme. S.Sudan says Sudan seized oil worth $815 million
South Sudan President Salva Kiir accused Sudan on Monday of seizing $815 million worth of its crude oil in a row over how to share oil revenues between the former civil war foes. Halliburton Profit Grows as U.S. Fracking Surges
Halliburton Co., the world's largest provider of hydraulic fracturing services, said fourth-quarter profit rose as customers boosted spending on the technique for capturing oil in the U.S. 
