News / International
Shell in 20-year China LNG deal
Anglo-Dutch supermajor Shell has agreed to sell an annual 2 million tonnes of liquefied natural gas to China in a 20-year deal, the company's China unit said. Abu Dhabi takes A$1.68 bln stake in Oil Search
Abu Dhabi's International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in Oil Search Ltd, the company said. Oil Spikes above $50 as OPEC EGM nears
Oil prices rebounded above $50 a barrel, on Monday, on fresh hope that the scheduled Organisation of Petroleum Exporting Countries (OPEC) conference may see a move to cut output quotas in a direct attempt to arrest falling demand figures. Petrofac wins Brownfield consultancy contract in Abu Dhabi
Petrofac, the international oil & gas facilities service provider, has been awarded an engineering consultancy contract by the Abu Dhabi Company for Onshore Operations (ADCO) for de-bottlenecking services for the onshore North East Bab field, located approximately 50 kilometres southwest of Abu Dhabi. This is the first contract secured by Petrofac with ADCO, which is a subsidiary of the Abu Dhabi National Oil Company (ADNOC). StatoilHydro budget still on track
Norway's StatoilHydro has not delayed any of its investments due to the current financial climate and has already fixed its investment plans for next year, its chief executive said. Mubadala and OXY to develop gas fields in Oman
Occidental Petroleum Corporation (OXY) and Mubadala Development Company of Abu Dhabi (Mubadala) announced the signing of an Exploration and Production Sharing Agreement ("EPSA") with the Ministry of Oil and Gas in the Sultanate of Oman. Medco Energi seeking investors to develop Libya oil, gas field
PT Medco Energi Internasional is seeking investors from the Middle East to take part in the development of an oil and gas field in Libya, the Indonesia-listed company said. Oil discovery at Yousefieh-1, Block 26, Syria
Gulfsands Petroleum plc the oil and gas production, exploration and development company with activities in Syria, Iraq and the U.S.A., is pleased to announce an oil discovery at the Yousefieh-1 well in the Gulfsands' operated Block 26, Syria. In addition, the Company is delighted to confirm that cumulative oil production from the Khurbet East Field (the "Field") has now exceeded one million barrels. 
