News / International
Afren Pays $588 Million for Kurdish Fields, Expands From Africa
Afren Plc (AFR), a U.K. oil and gas explorer focused on Africa, has agreed to pay $588 million for interests in two production-sharing contracts in the Kurdistan region of Iraq to expand outside the continent BG Group profits more than double on high gas prices
BG, one of the UK's three largest gas producers, profits more than doubled in the second quarter due to high natural gas prices and increased production. South Sudan to link to Kenya oil pipeline
South Sudan plans to build a link to a pipeline in Kenya to export its oil after breaking away from the north, a minister said on Wednesday. BP Makes New Field Deal
BP plc has made a partnership agreement with Reliance to find oil and gas in the KG-D6 fields. Tullow Oil, Partners to Start Kudu Gas Development Off Namibia
Tullow Oil Plc (TLW) and its Russian and Japanese partners expect to agree on natural-gas sales from Namibia's Kudu field this year, allowing project development to start in 2012. BP restarting production at its Plutonio field offshore Angola
Production at BP's Plutonio field offshore Angola is ramping back up after several months of maintenance work, a company spokesman told Dow Jones Newswires Friday. 'Greater Plutonio has been coming back online since last week...it's coming back up to normal levels,' the spokesman said. Oil release to give relief to importers
A move last week by the US and other member countries of the Paris-based International Energy Agency (IEA) to release 60 million barrels of crude oil from their strategic petroleum reserves is going to bring international crude oil prices down in the near-term and provide some relief to the beleaguered oil importing nations, say experts. China begins shale gas tendering
China issued its first shale gas exploration tender with an offer of four blocks to a group of Chinese energy companies, state media reported, as the country kicks off its search for the potentially vast unconventional resource, reports Reuters. 
