News / International
Schlumberger 4Q Net Up 36% As Revenue Rises
Schlumberger Ltd.'s fourth-quarter earnings rose 36% as a global drilling frenzy continued despite fears about the global economy. South Sudan ‘to shut oil production’
South Sudan has accused neighbouring Sudan of ''looting'' its oil and has threatened to begin shutting-in production over the next fortnight as the pair continues to row over oil payments, a report claims. Oil falls on economic, demand concerns
Friday, pressured by economic uncertainty ahead of a possible debt deal in Greece, concerns about China's sluggish manufacturing sector and weak U.S. petroleum demand. Italy Eni, Spain Repsol quit Saudi gas hunt
Italy's Eni and Spain's Repsol have given up looking for gas in Saudi Arabia's Empty Quarter, two sources familiar with the joint venture with Saudi Aramco said. ENI Libya oil output ‘close to pre-war level’
Output by Italian oil giant ENI, the top producer of Libyan crude, has nearly reached its levels prior to the war last year that ousted Moamer Kadhafi, its chief Paolo Scaroni said Saturday. South Sudan to build crude pipe thru E Africa
South Sudan is planning to construct an oil refinery and a crude oil export pipeline through East Africa with the help of international oil companies operating in its fields, China's state-run Xinhua news agency reported on Saturday. China urges “restraint” in Sudan oil transit dispute
China, the biggest investor in oilfields in the new nation of South Sudan, called for "calm and restraint" as a transit fee dispute threatened to cut off crude exports from the African producer. KNOC’s Dana Petroleum Looks to Expand in West Africa to Double Oil Output
Dana Petroleum Plc, the U.K. explorer acquired by Korea National Oil Corp (KNOCP). in 2010, plans to expand in west Africa as it seeks to double production over the next five years. 
