News / International
WesternGeco announces new contract with Gazprom Libya B.V.
WesternGeco has been awarded a major land contract by GAZPROM Libya B.V. The contract is for the acquisition and processing of 3,400 km2 of 3D seismic data over the Ghadames Basin. Brent oil price dives under 60 dollars per barrel
Brent crude oil prices plunged underneath 60 dollars per barrel here on Monday, as traders responded to the potential impact of a global recession on energy demand. Astana, Tehran to swap Oil rights
Kazakhstan is ready to exchange exploration rights it holds for oil and gas assets in the Caspian Sea with Iran to gain access to reserves in the Persian Gulf, Prime Minister Karim Masimov said, according to Shana.ir. Iran and Bahrain close in one gas deal
Iran has reached a framework deal to export 1 billion cubic feet of natural gas per day to Bahrain and the two countries are now "one step closer" to a final agreement, according to local media reports. Two new oil discoveries offshore Angola
StatoilHydro has interests in two oil finds offshore Angola which have been reported this week – in Block 31 and Block 15/06 respectively. Oil Search spuds Shakal-1 well in Iraq
Oil Search reports that the Shakal-1 well commenced drilling on 4 October. As at 0600 Iraqi time (-7 hrs AEST) on 8 October, the well was at a depth of 21 metres and drilling ahead in a 30” hole. BP Awards Foster Wheeler FEED for Algerian Salah Gas Project
Foster Wheeler's UK-headquartered subsidiary, Foster Wheeler Energy Limited, has been awarded a front-end engineering design (FEED) contract by BP Exploration (El Djazair) Limited on behalf of the In Salah Gas Joint Venture for the Southern Fields Development Project in Algeria. Verenex in eighth Ghadames find
Canadian energy company Verenex has made its eighth oil discovery in the Ghadames basin in Libya, the north African country's National Oil Corporation (NOC) said. 
