News / International
Venezuela stops drilling in 17 oilfields
The last cut in oil production undertaken by Venezuela, in accordance with an agreement from Opec, has made 17 drill rigs in west and east Venezuela to come to a standstill, reported oil-sector labor agents. Schlumberger begins laying off hundreds of US workers
Oilfield services giant Schlumberger Ltd. (SLB) has begun laying off hundreds of workers in the U.S. and around the world in the first of what experts say will likely be a wave of job cuts in the energy industry. Epsilon uncovers hydrocarbons at Yemen well, testing & drilling continue
Epsilon has provided operations update for Block 41 in the Republic of Yemen. Ukraine signs accord with Russia, EU to resume gas flow
EU monitors deployed to gas pumping stations across Ukraine as Russia prepares to resume gas supplies to Europe after four days of disruption amid freezing temperatures. Qatargas produced record 10.09 million tonnes LNG in 2008
Qatargas has produced a total of 10.09 million tonnes of liquefied natural gas (LNG) in 2008, setting a new record for annual LNG production since the Company began producing LNG in late 1996, the company announced here. Ipic buys 70% of MAN Ferrostaal
The Abu Dhabi government-owned International Petroleum Investment Company (Ipic) has agreed to buy a controlling 70 per cent stake in MAN Ferrostaal from its parent, the Munich-based MAN AG Group for 490 million euros (Dh2.4 billion), the chairman of MAN Ferrostaal's executive board said. Tethys collects 3D Seismic for onshore Oman’s block 15
The processing of new 3D seismic data acquired in August and September 2008 has been completed. The processed data is of exceptionally good quality. The new seismic maps now being generated are the first 3D maps of the Jebel Aswad structure and will offer very valuable information for the future development of Jebel Aswad field. Exxon CEO doubts Obama’s alternative energy goal
Exxon Mobil CEO Rex Tillerson said on Thursday it would be difficult to meet President-elect Barack Obama's goal to significantly boost U.S. alternative energy production. 
