News / International
Eni: Zubair field to pump 1.2 million bpd by 2017
Italian firm Eni says Iraq's Zubair oilfield will reach its peak output target of 1.2 million barrels per day (bpd) by the start of 2017, following Eni's completion of its field development plan. Technip to buy Global Industries for $1billion
French subsea specialist oilfield services firm Technip is to purchase subsea construction and pipe laying specialists Global Industries for $1.07 billion. Total reveals major Caspian gas find
French supermajor Total has announced a major natural non-associated gas find in the Absheron block of the Azeri Caspian Sea. Iraq bars Hess from 4th bidding round over Kurdish deals
Iraq's Oil Ministry has excluded U.S oil firm Hess Corp from competing in its 4th bidding round because the company signed deals with Iraq's northern Kurdish region, a senior Iraqi oil official said on Monday. Hess had been among 41 companies pre-qualified by Iraq but was not included on a new list of 40 qualified firms issued on Monday. Brent oil down as rebels capture most of Tripoli
Brent crude fell to near $106 a barrel Monday as Libyan rebels captured most of the country's capital, boosting hopes the OPEC nation's oil exports could resume soon. Total wins Tanzania oil and gas exploration bid
Tanzania has awarded oil and gas exploration rights for the northern side of Lake Tanganyika to a subsidiary of French energy company Total SA, its state-run petroleum agency said. Iran discovers another gas field worth $133 billion
Hydrocarbon-rich Iran has discovered another gas field with reserves of 495 billion cubic meters, valued at $133 billion, the oil ministry's SHANA news service quoted an oil official as saying Monday. Oil prices slump on global growth fears
Oil prices have slumped over $3 per barrel - a 4% drop on the New York Mercantile Exchange - so far today on the back of worldwide growth fears and a stock market slump in the US which has spread to the UK and Asian markets. 
