News / International

Gabon offering 42 offshore oil blocks for exploration

The government of Gabon said that it's offering 42 additional offshore deepwater and ultra deepwater oil blocks for exploration.

Oman boosts oil flows

Statistics showed that Oman oil production increased to an average of 849,400 barrels per day. It was also reported that Oman sold its oil at an average price of $77.64 per barrel in January, up from $73.40 per barrel a month earlier.

UniQ Land Seismic System Reaches 80,000 Channel Milestone

WesternGeco announced that the UniQ integrated point-receiver land seismic system has set a new industry record in Kuwait for Kuwait Oil Company (KOC) in acquiring data from 80,000 live digital point-receiver channels at a two-millisecond sample interval.

Iran wants OPEC ceiling unchanged

Masoud Mirkazemi, Iranian Oil Minister said that his country wants OPEC oil output ceiling to remain unchanged when the group meets during this month.

Performance improvement project helps realise 16% increase in rig’s productive time

Aberdeen-based performance improvement business Exceed has worked closely with the team on a Transocean-owned rig to achieve significant operational benefits.

BP to pay Devon $7 billion for oil fields

London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.

OPEC may face Iraq challenge sooner than expected

The storm brewing on OPEC's horizon over future Iraqi oil output could engulf the producer group sooner than it would like.

Iran signs on Chinese rig

Iran's North Oil Drilling Company signed a $143 million deal with a unit of China National Petroleum Corporation, according to reports.

OIL Field Discovery in Syria by OVL and Partner

ONGC Videsh Ltd. and its partner IPR Mediterranean Exploration Ltd. have made significant new oilfield discoveries in Block-XXIV located in northeastern part of Syria. The discoveries of Rashid and Abu Khashab fields have been back to back in 2009.

Petroceltic seeks Algerian extension

Petroceltic, Irish exploration firm, announced that it will have more operating projects in Algeria, Italy and Tunisia in 2010.

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