News / International

Adnoc, Schlumberger launch oil rig training centre

The multinational oilfield services company Schlumberger and Abu Dhabi National Oil Company (Adnoc) launched a $100 million joint initiative, the Schlumberger Middle East Learning Centre, in Abu Dhabi.

Shell, no plans to leave Nigeria’s restive oil region

Anglo-Dutch oil giant Shell said Wednesday it has no plans to leave Nigeria's oil-rich but volatile Niger Delta, despite incessant attacks on its facilities and personnel by militants.

Halliburton opens corporate headquarters in the Middle East

Halliburton Company announced today at a regional energy conference in the Kingdom of Bahrain the opening of a corporate headquarters office in the United Arab Emirates. Halliburton Chairman, President and Chief Executive Officer Dave Lesar will move to Dubai to lead the company’s efforts in growing Halliburton’s business in the Eastern Hemisphere, an important market for the global oil and gas industry.

China renews interest in Iraq’s Al Ahdab oil field

China and Iraq have restarted talks over the $1.3 billion contract to develop the Al Ahdab oil field that was signed between the two countries in 1997, state media reported Friday.

Adnoc to invest $7b in gas liquids program

Abu Dhabi National Oil Company (Adnoc) is planning to invest more than $7 billion by 2009 to expand its natural gas liquids production, a top official said yesterday.

Adnoc arm in talks to bring bio-fuel cars into the UAE

Adnoc Distribution, the retail arm of Abu Dhabi National Oil Company (Adnoc), has began talking to vehicle manufacturers of bio-fuel vehicles that run on both natural gas and petrol to encourage them to supply these models to the UAE market

Repsol discovers major Libyan oilfield

Spanish-Argentine oil producer Repsol YPF said Tuesday it had discovered a major oil field in Libya with a capacity of 474 million barrels, and had sought permission from the Libyan authorities to develop the resource.

Venezuela’s Chavez decrees takeover of foreign oil operations in Orinoco

President Hugo Chavez ordered by decree the takeover of oil projects run by foreign oil companies in Venezuela's Orinoco River region.

Iraqi Cabinet approves draft oil law

The Iraqi Cabinet approved a long-awaited draft oil law on Monday, sending it to parliament for consideration, the prime minister said, calling the agreement "another founding stone in state-building."

Petrobras, Gazprom sign gas agreement

The state-run oil companies of Brazil and Russia signed a memorandum of understanding Saturday to identify possible areas of cooperation on natural gas projects.

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