News / International
Hess invests $5.6 billion in 2011
Hess Corp., the New York-based oil company, revealed its plans to invest $5.64 billion this year, mainly to finance its exploration and production operations. Syria operations is mixed bag for Gulfsands
Gulfsands Petroleum which is involved in oil and gas production, exploration and development activities in Syria, Iraq, Tunisia, Italy and the US, has released an update on its operations in Syria. China’s Net Oil Imports Rise After Refiners Boost Fuel Output on Shortage
China, the world's biggest energy user, increased net imports of crude oil by 1.4 percent in December from a month earlier as refineries maintained high operating rates to ease a diesel shortage. South Sudan Votes in Referendum to Declare Oil-Rich Region’s Independence
Southern Sudanese voters turned out for the second day of balloting in a referendum on independence that appeared set to establish the oil-rich region as the world’s newest nation. Israel’s new offshore gas exploration may change the game
The last week's confirmation of the largest underwater discovery of natural gas in a decade off Israeli shores has made many in the Jewish state dizzy with talk of becoming a global energy power possessing reserves worth tens of billions of dollars. Sudan to cancel all subsidies
Sudan aims to remove gradually all subsidies from sugar and petroleum products to increase government revenue as foreign exchange shortages hit the economy, the finance minister said on last week. Kuwait and Iran play the opposition role
Two of Opec's leading members, Iran and Kuwait, have rebuffed that oil prices exceeding $90 per barrel were damaging the global economy, saying there was no need to increase supply. Preparation for New Bid Round in Iraq
Iraq will start arrangements next week to hold a fourth licensing auction to award several oil and gas exploration contracts to international companies, a senior Iraqi oil official said yesterday. 
