News / International
Gazprom plans cuts in European exports if gas demand slumps
Gazprom's gas exports to Europe will be cut if the economic downturn deepens, the deputy chairman of the Russian state owned energy group has warned. Tethys Oil: the Farha South-3 well in Oman has spudded
The Farha South-3 well on Block 3 onshore Oman has spudded. Drilling target is the Lower Bashair sandstone formation at a depth of around 1,900 metres. Farha South-3 is being drilled 1.2 km South East of the Farha South-1 oil discovery. Eni signs three agreements with Angola’s Sonangol
Eni has signed the first three agreements pertaining to the Memorandum of Understanding jointly signed in August 2008 with Angola's state oil company Sonangol. The MoU set out the principles and objectives for a cooperation model between the two companies encompassing the economic, industrial and social development of Angola. OPEC shelves 35 oil projects, warns of falling investment
OPEC nations have collectively postponed 35 oil drilling projects that had been in various stages of development, OPEC Secretary General Abdalla Salem el-Badri said. Shell sinks 22 wells at Qatar GTL gig
Supermajor Anglo Dutch Shell said its Pearl gas-to-liquids venture in Qatar is drilling 22 offshore wells that will feed natural gas to its liquid fuels plant in the Persian Gulf state. Total restarts Libyan Al-Jurf oil field
Total said it had restarted production at its 45,000 barrels-per-day Libyan Al-Jurf oil field in January after an accident forced the company to stop output in April 2008. Borouge inks revised contract for Abu Dhabi petrochem complex
Petrochemicals company Borouge, a joint venture between Abu Dhabi National Oil Company and European plastics giant Borealis, has signed a $1.39 billion revised contract with Technicas Reunidas for the expansion of its Ruwais petrochemical complex in Abu Dhabi. New York’s WTI crude lags behind Brent, local sours
The New York Mercantile Exchange's benchmark, the West Texas Intermediate light sweet crude nearby futures contract, continued to decline even as Brent sweet and Gulf heavy sours gained last week. 
