News / International
Saudi Arabia warns of crude price spike above 2008 record high
Saudi Arabia has warned that oil prices could again surge above the record high level in 2008 within three years unless other producers join the Kingdom and pump sufficient investment into capacity expansions. Qatar and Shell in talks on joint international projects
Qatar, the world’s biggest exporter of liquefied natural gas, is in talks with Royal Dutch Shell to jointly invest in oil and gas projects outside the country, Qatar’s oil minister said. Gazprom CEO Sees Oil at $85 A Barrel by Year’s End
There are "sufficient objective grounds" to believe the price of oil will hit $85 a barrel by the end of 2009 and, if capital investment isn't restored, it may hit $150, said Alexei Miller, chief executive of Russia's state-controlled natural gas monopoly OAO Gazprom (GAZP.RS). BP says World’s proved oil reserves fell in 2008
In a climate of unprecedented turbulence, global energy markets followed the same extreme pattern as the world economy in general during 2008. Petroceltic’s Tunisian farm-out to fund Seismic, 2010 drilling program
Petroceltic announced a farm-out on its Tunisian Ksar Hadada onshore oil and gas exploration permit. The farm-out, to a subsidiary of PetroAsian Energy Holdings Limited, a listed company in Hong Kong, will finance all of the Company's work commitments, including new seismic acquisition and the drilling of at least two wells. Heritage Oil to acquire Genel Enerji
Heritage Oil Limited, an independent upstream exploration and production company, announces that it has entered into a non-binding Memorandum of Understanding ("MoU") with Genel Enerji A.S. The MoU is subject to various conditions and execution of binding documentation to acquire Genel Energy International Limited ("Genel"), a private independent oil and gas exploration and production company, which holds licences in the Kurdistan Region of Iraq ("Kurdistan"). ABB wins $223 million Oil-and-gas Order in Algeria
ABB, the leading power and automation technology group, has won a contract worth about $223 million from Sonatrach, the Algerian oil and gas company, for three gas plants in Algeria. Turkey approves ExxonMobil–TPAO agreement to explore Black Sea
Exxon Mobil Corporation has announced the Turkish government approved an agreement between its affiliate ExxonMobil Exploration and Production Turkey B.V. and the Turkish national oil company Türkiye Petrolleri Anonim Ortakligi (TPAO) to explore two deepwater blocks in the Black Sea. 
