News / International
Saudi energy investment at $141b in 5 years biggest in MENA region
Saudi Arabia remained the dominant energy investor in the Middle East and North Africa (MENA) region, with an estimated $141 billion during 2012-2016, data from the Dammam-based Arab Petroleum Investment Corporation (Apicorp), an affiliate of the 10-nation Organization of Arab Petroleum Exporting Countries, showed. Saudi Arabia Names Candidate to Head OPEC
Saudi Arabia has nominated its candidate to succeed the current head of the Organization Petroleum Exporting Countries, Gulf oil sources said Tuesday, potentially reviving a scramble for influence within the producers' group. Judge: BP Must Cover Some Halliburton Damages for Macondo
U.S. District Judge Carl Barbier on Tuesday upheld Halliburton's claim that its contract with BP requires BP to defend and indemnify Halliburton against any and all claims related to a blowout or uncontrolled well condition and relating to pollution and/or contamination from the reservoir. Explosion rocks Syrian oil pipeline
Fire engulfed a crude oil pipeline in Syria following an explosion on Tuesday, a report has claimed. South Sudan shuts output
South Sudan has totally shut down oil output in a row with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region. Gulfsands’ Syrian Appraisal Well Confirms 19.2 Million Barrels
Gulfsands Petroleum reported Tuesday that results from its Khurbet East 102 Triassic appraisal well fit with initial estimates that volumes from the Butmah Formation amount to 19.2 million barrels of oil equivalent. Iraq delays 4th energy round to May 30-31
Iraq has delayed its 4th energy bidding round to May 30-31, when 12 new gas and oil exploration blocks will be auctioned to international energy firms, a senior oil official said on Monday. Dana Gas achieves 220% increase in net profits in 2011
Dana Gas PJSC the Middle East's largest regional private sector natural gas company, has announced its preliminary financial results for the year ended 31st December 2011. 
