News / International
UAE developing Umm Lulu oil field in Arabian Gulf
Abu Dhabi Marine Operating Company (ADMA-OPCO) is developing a major new oil field about 30 km northwest of the city in the Arabian Gulf. The Umm Lulu field will be developed in stages and contains sufficient reserves to eventually reach production of more than 100,000 barrels per day. Dana Gas to consider listing in London exchange
Dana Gas will consider a wide range of options, including a potential listing on the London Stock Exchange, before deciding on the approach most likely to enhance the company's value, its's chief executive told Gulf News. Taqa profit falls 47% as UK tax on North Sea rises
Abu Dhabi National Energy Company (Taqa) said yesterday its net profit for the fiscal first quarter fell 47 per cent year on year to Dh152 million due to an increase in taxes on operations in the UK North Sea. Chariot Oil & Gas Announces Increase in Namibia Resources
Chariot Oil & Gas Limited, the AIM listed Africa focused oil and gas exploration company, announces an increase of a further 1.5 billion barrels in its estimate of gross mean unrisked prospective resources from its Southern licence 2714A offshore Namibia. Gulfsands Petroleum Announces Oil Discovery in KHE-101, Syria
Gulfsands Petroleum plc, the AIM listed oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., provides an update on operations in Syria. Iraqi Drilling Firm Starts Work in Zubair Oilfield
State-run Iraqi Drilling Co has started working in the Zubair oil field under a $250 million contract to drill 23 new wells in the field, developed by Italy's ENI, the head of the firm said on Sunday. Director Idrees al-Yassiri said the two-year contract also included overhauling 63 old wells in Zubair. BP Seeks TNK Buyout to Save Rosneft Deal
BP Plc is seeking to buy out its billionaire partners in Russia's third-largest oil producer, as a planned share swap with state-controlled OAO Rosneft expires today, said people with knowledge of the plans. Petronas to build $20B Malaysian oil, chemical hub
Petroliam Nasional Bhd., Malaysia's state oil and gas company, will build a $20 billion refining complex bordering Singapore to benefit from increased global demand for petrochemicals and plastics. 
