News / International

BP sues Cameron, maker of blowout preventer

On the first anniversary of the Gulf of Mexico oil spill, BP Plc on Wednesday sued Cameron International Corp for negligence, because a blowout preventer made by Cameron failed to avert the catastrophe.

Total CEO: gas production in Yemen almost normal

Total continues to produce liquefied natural gas in Yemen at close to normal levels, according to Chief Executive Christophe de Margerie.

Saudi Arabia prepares rig boost

Top oil exporter Saudi Arabia has unexpectedly called on oilfield service companies to expand its oil rig count by nearly 30% to boost output capacity, according an analyst.

Libyan rebels to sell oil to Qatar

A senior Libyan rebel official said Qatar had agreed to market crude produced from east Libyan fields that are no longer in the control of Muammar Gaddafi.

Yemen LNG disruption fears

Liquefied natural gas producer Yemen LNG has told customers unrest in the country could lead to supply disruptions and possible force majeure, according to a spokeswoman for leading stakeholder Total.

Kulczyk Oil notes prospective resources in Syria

Kulczyk Oil announced the results of an independent third party engineering evaluation of its resources in by RPS Energy (RPS).

Statoil defies Libya call to return

Statoil said it has no immediate plans to send workers to restart oil production in Libya, defying weekend calls by the Libyan oil head for foreign companies to return staff and resume drilling.

Libya to push up oil

Investors already bruised by the Japan disaster now confront military air strikes on Libya and the prospect of rising oil prices, making it likely they will postpone any bold investment decisions. Until a clearer picture emerges, they will want to steer clear of riskier assets as they recalibrate positions.

OPEC may meet to assess Japan, Mideast crises

The Organization of Petroleum Exporting Countries may meet to assess the impact of the nuclear crisis in Japan and the ongoing unrest in the Middle East and North Africa on oil supply, said Nigeria's foreign minister.

Gaddafi blasts Western oil players

Libyan leader Muammar Gaddafi slammed Western powers in a German television interview, saying Germany was the only country with a chance of doing business with Libyan oil in the future.

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