News / International
Statoil: Long-term contract for new rig design
Statoil is sending out an invitation to tender for a new type of drilling rig. It is specially-designed by the industry on behalf of Statoil for use on mature fields on the Norwegian continental shelf (NCS). Economists warn of an oil-sparked recession
If ongoing political turmoil in North Africa and the Middle East pushes crude oil prices to $120 per barrel or more permanently, the global recovery from the worst recession since the 1930s would be hampered, according to a top economist. Iraq’s Shell gas deal reaches advanced stage
The $12 billion deal between the Iraqi government and Shell to produce gas from southern Iraqi oil fields has reached an advanced stage, said Iraq's Deputy Prime Minister for Energy. Fluor awarded early works contract for ExxonMobil’s Qurna field
Fluor announced that ExxonMobil Iraq Limited has awarded the firm an early works program contract for the West Qurna (Phase I) field near Basra, Iraq. Centrica lines up Qatargas LNG
UK utility Centrica said it entered into a three year contract with Qatargas to deliver 2.4 million tons per annum of liquefied natural gas to the UK's Isle of Grain terminal. Oil price surges as Libyan crisis intensifies
Brent crude climbed to $108 per barrel and US oil contracts leapt by $6 a barrel on Monday as Colonel Gaddafi's bid to cling to power in Libya appeared to become more desperate. BP halts Libya drilling
BP said it is suspending preparations to drill in the Libyan desert as its contractors pull out over unrest, while other operators intend to evacuate expatriate staff from the North African country. OMV closes acquisition of Pioneer’s subsidiaries in Tunisia
OMV, the leading energy Group in the European growth belt, through its fully owned subsidiary OMV (Tunesien) Production GmbH, completed the acquisition of 100% of the entire issued share capital of Pioneer Natural Resources Tunisia Ltd. and Pioneer Natural Resources Anaguid Ltd. (together "Pioneer Tunisia") from Pioneer Natural Resources, an independent US oil and gas company. The transaction was aligned with the Tunisian government. 
