News / International
ONGC, GAIL Confirm Cove Interest
India's state-run Oil and Natural Gas Corp. and GAIL (India) Ltd., a state-owned natural gas processing and distribution company, said Tuesday they are mulling a rival bid for Mozambique-focused natural gas explorer Cove Energy PLC, but have yet to decide whether to make a formal offer for the UK-listed company. Oman Oil Marketing posts highest net profit ever
Oman Oil Marketing Company (OOMCO) has announced that 2011 was its best-ever year in terms of performance and profitability, with profit rising 17 per cent from 2010, according to a statement released to the Muscat Securities Market (MSM). SABIC makes rapid progress with supply chain management
A new chapter has begun in the history of Saudi Basic Industries Corporation (SABIC). The company's supply chain management project, called EMDAD, which radically changed the face of its global supply chain, has come to a close with the successful implementation of newly designed customer-focused solutions. Iraq cuts oil exports to Jordan by almost half
Iraq's crude oil exports to Jordan have dropped to 6,000 barrels per day (bpd), an official said. Saudi maneuver to contain Iran oil market threat
Saudi Arabia has raised oil exports and the United States is considering releasing crude from its strategic reserves as oil prices hit nine-month highs on Friday and concerns deepened over Iran's nuclear program. BP Ignored Well Test Warning Before Blast, Transocean Says on Eve of Trial
BP Plc officials overseeing the Macondo well that spewed millions of gallons of oil into the Gulf of Mexico ignored questions about whether safety tests done hours before a fatal blast on the drilling rig were flawed, lawyers for Transocean Ltd. said in a court filing. Petrofac Awarded US$330 Million Project in Iraq
Petrofac, the international oil & gas service provider, has been awarded a US$330 million lump-sum engineering, procurement and construction (EPC) contract by Gazprom Neft Badra B.V. ('Gazprom') for the first phase of the Badra Oilfield Development Project in Iraq. Sonangol ‘quits Iran’ over sanctions
Angolan state-owned oil giant Sonangol has pulled out of Iran due to stringent new sanctions imposed on the Middle Eastern state, a report has claimed. 
