News / International
Iraq signs final gas deal with South Korea’s KOGAS for Akkas gas field
Iraq's oil ministry and South Korea's KOGAS on Thursday signed a long-delayed deal to develop the Akkas gas field near the Syrian border, the latest step by the war-ravaged country to tap its own resources to fuel growing power demands. Russia’s Putin says to cooperate with Japan on LNG, electricity
Russian Prime Minister Vladimir Putin has told his Japanese counterpart Yoshihiko Noda that Moscow hopes to advance energy cooperation with Tokyo in areas including LNG and possible electricity supplies to the gas- and power- hungry nation, according to Japan's Ministry of Foreign Affairs. BP gets $4bn from Anadarko for oil spill costs
BP Plc has accepted a $4 billion payment from partner Anadarko Petroleum towards the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but a deal that could reduce the overall cost of the disaster for the British group. Iran to Develop Six New Persian Gulf Offshore Natural Gas Fields
The National Iranian Offshore Oil Company has announced plans to begin the development of six new offshore natural gas fields in the Persian Gulf, whose reserves are estimated at 25.7 trillion cubic feet. Sahara and Hess bidding for offshore Ghana blocks
Nigerian company Sahara Energy Fields and US inedendent Hess are reported to be seeking exploration and production rights over blocks offshore West Keta and East Cape Three Points. Shell drills more than 100 oil shale wells in Jordan
Royal Dutch Shell has drilled more than 100 wells in Jordan in the two years since it signed a concession agreement to explore for oil from the country's vast oil shale reserves, a person familiar with the project said. Kenya to tender for LNG terminal
Kenya plans to float a tender by early next year to build a liquefied natural gas terminal at its Mombasa port city as it pushes to diversify its sources of electricity to meet rising demand, a senior energy official said. Heritage Oil gains access to Libyan oil industry with acquisition of controlling interest in Sahara Oil Services Holdings
Heritage Oil has acquired a controlling 51% interest in Sahara Oil Services Holdings (SOSH) which holds the necessary long term permits and licences to provide oil field services in Libya, for cash consideration of US$19.5 million. 
