News / International
Iraq bars Hess from 4th bidding round over Kurdish deals
Iraq's Oil Ministry has excluded U.S oil firm Hess Corp from competing in its 4th bidding round because the company signed deals with Iraq's northern Kurdish region, a senior Iraqi oil official said on Monday. Hess had been among 41 companies pre-qualified by Iraq but was not included on a new list of 40 qualified firms issued on Monday. Brent oil down as rebels capture most of Tripoli
Brent crude fell to near $106 a barrel Monday as Libyan rebels captured most of the country's capital, boosting hopes the OPEC nation's oil exports could resume soon. Total wins Tanzania oil and gas exploration bid
Tanzania has awarded oil and gas exploration rights for the northern side of Lake Tanganyika to a subsidiary of French energy company Total SA, its state-run petroleum agency said. Iran discovers another gas field worth $133 billion
Hydrocarbon-rich Iran has discovered another gas field with reserves of 495 billion cubic meters, valued at $133 billion, the oil ministry's SHANA news service quoted an oil official as saying Monday. Oil prices slump on global growth fears
Oil prices have slumped over $3 per barrel - a 4% drop on the New York Mercantile Exchange - so far today on the back of worldwide growth fears and a stock market slump in the US which has spread to the UK and Asian markets. WesternZagros and Talisman agree to split the Kalar-Bawanoor PSC into two areas
WesternZagros Resources has announced that it has finalized an agreement with the Kurdistan Regional Government of Iraq (KRG) and Talisman (Block K44) B.V. to amend the original Production Sharing Contract that governed the Company's exploration activities in the Kalar-Bawanoor Block in Kurdistan. Eni makes a new hydrocarbon discovery offshore Ghana
Eni has made a new hydrocarbon discovery offshore Ghana through the Gye Nyame 1 well, which is located in the OCTP block 50 km off the Ghanaian shoreline. Afren Pays $588 Million for Kurdish Fields, Expands From Africa
Afren Plc (AFR), a U.K. oil and gas explorer focused on Africa, has agreed to pay $588 million for interests in two production-sharing contracts in the Kurdistan region of Iraq to expand outside the continent 
