News / International

Statoil: Small oil discovery in the Tampen area

Statoil announced a limited indications of oil exploration during drilling in the Omega Nord well which located six kilometers north-east of the Snorre field in the North Sea. However, the discovery might not be commercially viable due to the qualities of the sand and shale rocks.

M-I SWACO ranks first at the EnergyPoint Research of Independent Customer Satisfaction Ratings & Rankings

The EnergyPoint market research ranked M-I SWACO, a global provider of oilfield fluids and fluids-related systems and services, number one in customer satisfaction in the survey overall.

Farewell to Hassan Marican

For over a decade, Tan Sri Mohd Hassan Marican has been the face of Petronas, the man they bid farewell yesterday.

Aker Solutions signs subsea contract with Repsol

Aker Solutions has signed a contract with Repsol Investigaciones Petroliferas S.A. for delivery of subsea equipment to the Spanish oil company's Mediterranean wells. Contract value is approximately NOK 120 million.

Iran claims new oil and gas fields

Iranian Oil Minister Masoud Mirkazemi announced the discovery of an oilfield and a gas field, with reserves estimated by $85 billion.

Azadegan oilfield boosts output

Iranian Deputy Oil Minister, Seifollah Jashnsaz told Mehr News Agency that Iran’s Azadegan oilfield production reached 40,000 barrels per day (bpd).

LUKOIL signs development and production agreement at the Iraqi West Qurna-2 field

Vagit Alekperov, OAO LUKOIL President, signed a development and production agreement at the Iraqi West Qurna-2 field in Baghdad.

New offshore oilfield found in Dubai

The office of Dubai's ruler announced the discovery of a new maritime oilfield in the emirate of Dubai.

Shell profits collapse on weak refining, gas

Royal Dutch Shell posted a 75 percent fall in fourth quarter profits to $1.18 billion, as it was punished for its strong positions in the ailing natural gas and refining businesses.

BP CEO: World oil demand will peak sometime after 2020

BP Chief Executive, Tony Hayward said in an interview on BBC radio that world demand will rise to reach its peak after the year 2020, with a maximum of 110 million barrels per day (bpd).

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