News / International

Libya sees $7bn foreign spending

Libya's National Oil Corporation expects international oil companies to invest more than $7 billion in exploration activities by 2015, an official said.

Saudi, Total sign $9.6 bln Jubail refinery deals

Saudi Aramco and France's Total signed on Tuesday 13 agreements with contractors to build a $9.6 billion joint-venture refinery in the kingdom, state news agency SPA reported.

Turkey confirms Nabucco Pipeline deal to be signed in July

Turkish officials confirmed Friday that a key intergovernmental agreement on the European Union's Nabucco gas pipeline will be signed July 13 in Ankara.

BP, CNPC win Iraqi Rumaila Oil Field development deal

BP and China National Petroleum Corp. have won a contract for the development of Iraq's Rumaila oil field, the first of eight giant Iraqi oil and gas development projects for which Iraq began receiving bids Tuesday, Iraqi officials said.

Chevron achieves first Steam Injection at Steamflood project onshore PNZ

Chevron announced that its subsidiary, Saudi Arabian Chevron (SAC), has achieved first steam injection at its Large Scale Pilot (LSP) steamflood project at the Wafra Field, an Eocene heavy-oil carbonate reservoir in the onshore Partitioned Neutral Zone (PNZ).

Iran Largest China Crude Supplier

Energy Intelligence reported that Chinese crude imports rose by 5.5 percent to 4.04 million barrels per day in May, with Iran becoming the largest supplier.

Qatar becomes first GCC nation to supply LNG to East Europe

Qatar has agreed to supply one million tonnes of liquefied natural gas (LNG) per year to Poland to further expand its global supply network and become the first Gulf Arab LNG producer to penetrate the growing East European gas market.

Saudi Aramco and ConocoPhillips Relaunch bidding process for Yanbu project

The Saudi Arabian Oil Company (Saudi Aramco) and ConocoPhillips announce the re-launch of the bidding process for the construction of the planned 400,000 barrel-per-day export refinery at the Yanbu Industrial City, in the Kingdom of Saudi Arabia.

Iraq pushes ahead with second round

Iraq plans to bring forward a second bidding round for major energy contracts, a spokesman said today, adding Baghdad may also give foreign players another chance to bid for oilfields that were not awarded during an energy auction this week.

Petrofac awarded Gas Compression Project in Oman

Petrofac, the international oil & gas facilities service provider, has been awarded a contract worth more than US$350 million for the Kauther gas-field depletion-compression project. The contract was awarded on behalf of the Government of Oman by Petroleum Development Oman (PDO), which has been developing the Sultanate's gas fields on behalf of the Government since 1978.

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