News / International
Algeria to Ink Partnerships with Shell, Exxon on Shale Gas
Algerian state-run oil company Sonatrach will soon sign partnership agreements with Royal Dutch Shell PLC and Exxon Mobil Corp. on shale gas exploration in the north African country, the firm's chief executive, Abdelhamid Zerguine, said in remarks published Thursday. Libya Slams Shell for Exploration Halt, Record in Country
Libya's state oil company criticized Royal Dutch Shell PLC for its decision to abandon exploration blocks in Libya, and said that Shell "has generally not achieved any encouraging results" in the North African country. China to Invest $20M in Iranian Oil Fields
A Chinese firm will invest 20 billion dollars in the development of Iran's Azadegan and Yadavaran oil fields, Oil Minister Rostam Qassemi said. BP drops SEEP to back Nabucco West
BP has chosen Nabucco West as its second export line option to bring gas from Shah Deniz 2 to Europe, axing its own South East Europe Pipeline (SEEP) proposals and narrowing the field to two pipelines. Eni enters Kenya with the acquisition of three exploration blocks
Eni announces the signing of three product sharing contracts, awarded by the government of Kenya, for the acquisition of exploration blocks: L-21, L-23 and L-24, thus marking the entry of Eni in the country. The blocks are located in the deep and ultra-deep waters of the Lamu Basin, off the coast of Kenya. Iraq Adds $9B to 2012 Budget On Higher Oil Revenues
Increased oil revenues have allowed Iraq to add around $9 billion to its 2012 budget bringing the total budget for the year to above $110 billion, a government spokesman said Tuesday. Technip Enters Middle East Subsea Market
French oilfield services firm Technip said Monday that an award from Dubai Petroleum marks the firm's entry in the Middle Eastern subsea market. BP sells stakes in North Sea fields for $280 million
British oil major BP said it agreed to sell its minority stakes in two North Sea fields to Japanese trading company Mitsui (8031.T) for $280 million, as part of a plan to focus its portfolio in the region on larger scale projects. 
