News / International

Iraq signs energy agreement with Turkish Petroleum Corporation

Iraq, eager to supply natural gas to its overburdened power plants, has signed agreements with Korea Gas, Kuwait Energy and the Turkish Petroleum Corporation, or TPAO, to develop two gas fields.

Government of Sharjah signs 23-year concession agreement with Rex Oil and Gas

Under the directives of HH Sheikh Dr Sultan bin Mohammed Al Qassimi, Member of the UAE Supreme Council and Ruler of Sharjah, the Government of Sharjah, represented by the Sharjah Petroleum Council, has signed a concession agreement with international oil company Rex Oil and Gas Limited for oil and gas exploration and drilling in Sharjah's Eastern offshore concession.

Eni and PetroSA sign Memorandum of Understanding for co-operation in South Africa and abroad

Eni signed with South Africa's State-owned oil company PetroSA (Petroleum Oil and Gas Corporation of South Africa) a Memorandum of Understanding establishing mutual co-operation between the companies in the country and abroad.

OMV announces oil discovery at its Bina Bawi-3 well in Kurdistan

OMV, the leading energy Group in Central and Southeastern Europe, informs about a drilling success in its operated Bina Bawi block in the Kurdistan Region of Iraq.

Circle Commences Surveying Work at Moroccan Permits

Circle announced the commencement of surveying work and mobilization for the new seismic acquisition campaign within our permits in the Rharb Basin, Morocco

MIDEAST STOCKS-Oil lifts Gulf markets, Egypt snaps 4-day rally

Most Gulf markets gained on Tuesday, buoyed by rising oil prices, while Egypt's main index .EGX30 halted a four-session rally, dragged by stocks to be dropped from the MSCI index.

Gulfsands suspends Abu Ghazal-1 exploration well in Block 26 after encountering heavy oil

Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., provides this update on operations in Syria.

Gaddafi government will send representative to OPEC

The government of Libyan leader Muammar Gaddafi will send a representative to next week's OPEC meeting despite the defection of top energy official Shokri Ghanem, although it is not yet ready to announce the name, government spokesman Moussa Ibrahim said.

Statoil increases its presence in Indonesia

Statoil has farmed in to three offshore exploration licenses in Indonesia, significantly expanding the presence in the country.

Kenya: BG Group signs Production Sharing Contracts for offshore Blocks L10A and L10B

BG Group has signed Production Sharing Contracts with the Government of Kenya for two offshore exploration blocks - L10A and L10B. BG Group will be operator on both blocks and will hold a 40% equity interest in Block L10A and a 45% interest in Block L10B. The initial work programme consists of a commitment to acquire seismic data during an initial exploration period of two years.

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