News / International
PdVSA Confirms $2B Credit Line Plan with Chevron
Venezuelan state oil monopoly Petroleos de Venezuela, or PdVSA, is in the finishing stages of preparing a $2 billion credit line deal with U.S. oil major Chevron Corp. which will be used to raise output at one of the companies' joint ventures in the South American country, a PdVSA spokesman confirmed Wednesday. Jordan moving ahead with liquid gas plans
Jordan is accelerating efforts to secure liquid gas from the Arab Gulf states in light of a Sinai blast earlier this week that officials say cut the Kingdom's main energy source for the 13th time in little over a year Novatek profits up 44%
Russia's biggest independent natural gas producer Novatek has raised its net profit attributable to shareholders by more than 44% to $1.9 billion in 2011 from 2010's $1.31 billion. Technip awarded an engineering contract for the Luva field development, offshore Norway
Technip was awarded a lump sum front-end engineering design (FEED) contract by Statoil ASA for the development of the Luva floating platform, offshore Norway, at a water depth of approximately 1,300 meters (4,265 feet). Iraq ‘sets deadline’ for ExxonMobil
Iraq has set a deadline of the next few days for ExxonMobil to explain its position on oil agreements signed with the autonomous Kurdish region, which the central government considers illegal, a government spokesman was reported as saying on Tuesday. Heritage spuds Kurdish wildcat
Jersey-based Heritage Oil has spudded the Miran East-1 exploration well on Miran Block in the Kurdistan region of Iraq. South Sudan plans underwater pipe for oil exports
South Sudan, locked in a row over oil transit fees with neighbour Sudan, said on Wednesday it plans to build a temporary underwater oil pipeline along the Nile as part of a project to deliver crude for export from ports in Kenya and Djibouti. Somalia: Range Resources provides drilling update on Puntland well Shabeel-1
Range Resources has announced that the Shabeel-1 well continues drilling ahead on the Dharoor Block in Puntland, Somalia and is currently at a depth of 2,002 meters. 
