News / International
UAE to produce 2.23 million bpd
The UAE is likely to produce 2.23 million barrels per day (bpd) of oil in January after complying with the latest supply cuts announced by the Organization of Petroleum Exporting Countries (Opec) that would see its output drop 0.38 per cent during the month, latest estimates by the International Energy Agency (IEA) show. Renewable Energy agency set up in Germany
Officials from around the world signed a document establishing the International Renewable Energy Agency (IRENA) on Monday at a conference in Bonn, the former capital of West Germany. Dana Gas moves ahead with plans for 1,000 sq km offshore concession in Sharjah
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, is moving ahead with plans for the exploration and development of the Western Offshore concession in Sharjah. Oil prices higher before US inventory data
Oil prices rose on Wednesday as the market awaited the latest weekly update on energy inventories in the United States -- the world's biggest consumer. Halliburton announces Fourth Quarter and full year earnings
Halliburton (NYSE:HAL) announced this week that revenue in the fourth quarter of 2008 was $4.9 billion, up 17% from the fourth quarter of 2007. Consolidated operating income was $1.2 billion in the fourth quarter of 2008 compared to $907 million in the fourth quarter of 2007. Edison: new gas discovery in Algeria
Positive results of the drilling of two new wells in the Algerian desert: production tests registered total flows of about 1 million cubic meters per day RWE Dea has made two new gas discoveries in Algeria’s Sahara desert, in the Reggane and Ahnet basins.
The first of the two finds, exploration well KLS-1, is part of a new isolated structure known as Kahlouche Sud in the North Reggane Concession. The first production tests registered flows of 629,000 cubic meters per day of gas at a depth of 3,720 meters through a choke size of 32/64". Tethys Oil: spring 2009 drilling program on blocks 3 and 4 onshore Oman initiated
Tethys will participate in a two well drilling program during spring of 2009 on Blocks 3 and 4 onshore Oman. Preparations to drill the first well - Farha South-3 on Block 3 – are ongoing. The well is estimated to spud in the first week of February. The second well - East Saiwan-2 on Block 4 – is scheduled to follow as soon as Farha South-3 has been finalized. 
