News / International
Iran ratchets up pressure on Kuwait over gas field
Iran said on Sunday that it would launch full-scale unilateral development of the disputed offshore Arash gas field in the Gulf if Kuwait does not respond to its offer of joint development, according to the official IRNA news agency. Qatar says Q3 nominal GDP rose by 40% on gas output
Qatar, the world's biggest exporter of liquefied natural gas, said its nominal gross domestic product increased an annual 40 percent on expanding gas output. China begins scramble for Afghanistan’s oil reserves
State-owned China National Petroleum Corp (CNPC) was given approval by the Afghan government to sign the joint-venture deal with diversifiedAfghan company, the Watan Group. Frontline completes restructuring
Frontline, the largest independent global oil tanker operator, completed its restructuring with the help of Norwegian tycoon John Fredriksen, a key step in its revival as the industry struggles with weak demand and overcapacity. Russia 2011 oil output at new post-Soviet record high
Oil output in Russia edged up 1.2 percent to reach a new post-Soviet high of 10.27 million barrels per day (bpd) last year, as the world's top crude producer eased tax burden and launched pipeline flows to China, the Energy Ministry said on Monday. Exxon Mobil: $908 M awarded in Venezuela dispute
An international arbitration body has awarded Exxon Mobil Corp. nearly $908 million in a dispute with Venezuela over compensation for the nationalization of its assets, the company said Sunday. Dana Gas Bond Yield Jumps Most in Two Weeks Ahead of Meeting
The yield on Dana Gas (DANA) PJSC's Islamic bonds maturing in October climbed the most in two weeks ahead of a planned company board meeting tomorrow. Cyprus Gas Find Worth Tens of Billions
Cyprus has approximately $129 billion (EUR 100 billion) worth of natural gas that will satisfy its electricity production needs for 210 years, said Commerce Minister Praxoulla Antoniadou. 
