News / International
Libya to Revisit Oil Contracts
Some of Libya's oil contracts will be reviewed by the country's new government, former interim prime minister Ali Tarhouni said, putting scores of foreign firms on notice. Dana Petroleum awarded new North Sea acreage
Dana Petroleum plc in a 50/50 partnership with Sorgenia E&P (UK) Ltd has secured blocks 42/27, 47/2b (split) and 47/3g (split) in the UK Southern North Sea, in the final stage of the 26th round of UK offshore licensing. Technip awarded two-year extension of Statoil Frame Contract for Subsea Services
Technip was awarded the last option for the Statoil frame contract for diving, pipeline repair, contingency and modification services. The frame contract has been held by Technip since January 2007 and is now extended to the latest possible completion date of December 2014. Court Ruling Seeks to Bar National Strike in Nigeria
A Nigerian court on Friday issued an order seeking to block nationwide indefinite strikes planned by the labor unions against soaring petrol prices. EU oil ban ‘looms for Iran’
The European Union (EU) has agreed on a ban on imports of Iranian crude oil but has yet to hammer out a timeframe, according to reports. Statoil makes Havis oil find
Statoil has found oil in the PL532 licence in the Barents Sea, with a recoverable oil volume estimate of between 200 and 300 million barrels. Hormuz Bypass Oil Pipeline Is Delayed
A pipeline that would allow oil from the United Arab Emirates to bypass the Strait of Hormuz separating it from Iran has been delayed because of construction difficulties, two people with knowledge of the matter said. Nigerian Workers Start Strike That May Disrupt Oil Exports
Nigerian workers began a national strike after fuel costs more than doubled, threatening to shut ports and disrupt output from Royal Dutch Shell Plc and Chevron Corp. in Africa’s largest crude producer. 
