News / International

OPEC’s Weekly Oil Prices Drop Again

The last weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to $66.80 per barrel, showing a reduction of $1.3 compared to the previous week, said the Vienna-based cartel Monday.

KBR awarded FEED contract by Saudi Aramco for Shaybah NGL program

KBR has been awarded a contract by the Saudi Arabian Oil Company (Saudi Aramco) to provide front-end engineering and design (FEED), and Project Management Services (PMS) for its Shaybah Natural Gas Liquids (NGL) Program at Shaybah field located in Saudi Arabia.

Gazprom to bid for Iraqi fields in consortium with Turkish company

Russia's energy giant Gazprom will bid for Iraqi oil and gas fields in a consortium with Turkey's state-run oil company, a Russian business daily said, citing the Turkish Energy Minister.

Kuwait’s crude oil exports to Japan down 26.6 percent

Kuwait's crude oil exports to Japan fell 26.6 percent in August from a year earlier to 8.85 million barrels, or 285,000 barrels per day (bpd), for the second straight monthly decline, the government said Wednesday.

TAQA buys North Sea blocks from Shell & ExxonMobil

The Abu Dhabi National Energy Company (TAQA) has announced that it has increased its interests in the North Sea by acquiring four exploration blocks from Royal Dutch Shell and ExxonMobil.

Kuwait LNG terminal debuts with first cargo

After a month of delays, which has seen a number of tankers moored off the coast of Kuwait, the Mina Al Ahmadi LNG terminal has finally received its first commercial cargo.

Algeria barrels in $27B in oil revenue during first 8 months

Citing national energy company Sonatrach's chief executive, state-run Kuwait News Agency (KUNA) reported Wednesday that Algeria earned $27 billion in oil revenues during the first eight months of 2009.

Niko Resources acquires additional 10% interest in Qara Dagh PSC in Iraq

Niko Resources Ltd. has entered into an agreement with the Kurdistan Regional Government of Iraq to acquire an additional 10% net working interest in the Qara Dagh Production Sharing Contract (the "PSC"). As a result of the acquisition, Niko will hold an aggregate 37% net working interest in the PSC.

Tatneft, NOC strike oil in Libya’s Ghadames Basin

Libya's NOC announced that Tatneft's Libyan Branch, the second party with NOC in an EPSA agreement, has drilled the A1-82/04 new field wildcat well to a total depth of 8,605 ft. The well encountered hydrocarbons and is located in the Ghadames Basin, approximately 354 km south of Tripoli.

Dana Gas achieves AED 392 million Net Profit for Q2

Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the quarter ending 30 June 2009, posting a net profit of AED 392 million for the second quarter, as compared to AED 34 million in the same period last year, and highlighting the strength of the Company’s operations and business development strategy in this challenging economic climate.

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