News / International
Qatar and Mobil initiate AKG-2 Project
Exxon Mobil Corporation and Qatar Petroleum confirmed that the Al Khaleej Gas-Phase 2 (AKG-2) project, with 1,250 million cubic feet per day (mcfd) of sales gas capacity, initiated operations in December 2009. Khafji output to reach 300,000bpd
Kuwait Gulf Oil Company's managing director, Bader Al Khashti, said that production from Al Khafji oilfield is expected to rise to 300,000 barrels per day (bpd) by the end of the first quarter. Companies ‘can’t afford’ to drill for North Sea oil and gas
A recent survey of 70 active companies by industry body Oil & Gas UK shows that a large number of companies cannot afford to increase oil and gas exploration in the North Sea, in spite of an increase in known reserves. PetroChina: high gas flow in the Yingmai block
China National Petroleum Corp. (CNPC), PetroChina’s parent company, announced that it acquired a high gas flow at a well in Tarim oilfield. Schlumberger and Smith International Announce Agreement
Schlumberger Ltd and Smith International, Inc. jointly announced today that their Boards of Directors have unanimously approved a definitive merger agreement in which the companies would combine in a stock-for-stock transaction. A possible merger between Schlumberger Ltd. and Smith International Inc.
A possible merger between Schlumberger Ltd. and Smith International Inc. highlights a continuing theme in the oil-field services industry: Size matters. CNOOC closing the deal of Maysan oilfields
Iraqi oil officials stated that the Oil Ministry is discussing a service contract with China’s CNOOC for the Maysan oilfield complex Iraq forms new state-owned firm
The Iraqi ministry spokesman, Assem Jihad said that Iraq launched its fourth sate-owned oil company, to oversee development of fields in the country's central. 
