News / International
OPEC weekly Oil prices continue to rise
The weekly average oil prices of the Organization of Petroleum Exporting Countries (OPEC) rose for a forth week to $57.78 per barrel last week, the Vienna-based cartel said. Gas discovery in the North Sea
StatoilHydro has struck gas during the drilling of a sidetrack on the Fulla prospect ten kilometres northeast of the Frigg field in the North Sea. Iraqi government approves export of Kurdistan Crude Oil
The Iraqi government said on Sunday it has approved Kurdish plans to export crude oil from fields in the northern Kurdish region through Iraq's national pipeline. GE Oil & Gas awarded StatoilHydro subsea operations services contract OPERATIONS SERVICES CONTRACT
GE Oil & Gas announces that it has been awarded a five-year contract to deliver Subsea Operations Services (SOS) to StatoilHydro, the Norwegian based oil and gas company. The contract has an estimated value of between US$25- $30 million per year and will be managed by GE Oil & Gas in Dusavik, Stavanger, Norway. Addax to export Oil from Taq Taq Field in Iraq
Addax Petroleum Corporation has received formal notification from the Kurdistan Regional Government (“KRG”) of its decision to commence the export of crude oil. The notification requests that Addax Petroleum and Genel Energy International Ltd ("Genel Energy") prepare to truck oil from the Taq Taq field to the Khurmala export station on or soon after June 1, 2009. Saipem Awarded a New €200 million Onshore Contract in Algeria
Saipem has been awarded a new onshore contract in Algeria worth approximately 200 million euro. MOL and OMV join Dana Gas and Crescent in Kurdistan Region of Iraq
Partnership set to invest US$8 billion in gas resource development and infrastructure; production potential of 3 BCF/day Aramco boosts gas stash
Saudi Arabian giant Saudi Aramco boosted its gas reserves by almost 4% to 263 trillion cubic feet last year. 
