News / International
Anadarko Announces Another Major Appraisal Success Offshore Mozambique
Anadarko Petroleum Corporation today announced its seventh well in the discovery area offshore Mozambique successfully appraised previous discoveries at Lagosta and Camarao. The Lagosta-2 appraisal well, located about 4.4 miles (7 kilometers) north of the Lagosta discovery and 5.3 miles (8.5 kilometers) south of the Camarao well, encountered 777 total net feet (237 meters) of natural gas pay in multiple zones. Tethys hits low oil flow in Oman
Tethys Oil is not giving up on a portion of a block in Oman despite failing to find commercial oil flows with its latest exploration well. Petronas to continue in South Sudan
Malaysia's state-run oil company Petronas has signed a transition agreement with the government of the Republic of South Sudan to allow it to continue operations on blocks previously awarded by the Republic of Sudan. Nigeria protests suspended after fuel price cut
Nigerian President Goodluck Jonathan said on Monday petrol prices would be reduced to 97 naira ($0.60) a litre and labour unions agreed to suspend mass protests to allow further negotiations with the government. North confiscates South Sudan oil
Sudan said it has started confiscating some oil exports from South Sudan it believes it is owed to meet unpaid transit fees but will not shut down a pipeline carrying the southern state's oil. Oil explorer Soco eyes bid targets over $100 mln
Soco International has told investors it is examining acquisition opportunities in south east Asia, West Africa and Egypt worth in excess of $100 million, suggesting it is targeting more ambitious projects than in the past. Brent rises above $111 as Iran warns Gulf exporters
Brent crude rose above $111 on Monday on worries over supply disruptions after Iran warned Gulf Arab neighbours of consequences if they raised oil output to replace Iranian barrels facing international sanctions. China’s Wen presses Saudi Arabia for oil access
Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said on Sunday against a backdrop of growing tension over Iran and worries over its crude exports to the Asian power. 
