News / International
Iraq to Get $63B in Oil Revenues from Ahdab Field
Iraq is expected to earn around $63 billion from a contract it signed with a Chinese company to develop Al Ahdab oil field in central Iraq, Oil Minister Hussein al-Shahristani told reporters in Baghdad. Adnoc surprises with first price cuts this year
Abu Dhabi National Oil Company (Adnoc) has cut the August retroactive official selling price (OSP) of its benchmark Murban crude, the first time this year that the monthly price has failed to hit a record high. Verenex Unveils Operational Activities in Libya
Verenex Energy Inc. has provided an update of its operational activities in Libya. TAQA Announces Sale of Stake in Shuweihat CMS International Power Company to Sumitomo Corporation
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced that it has entered into a share purchase agreement with Sumitomo Corporation for the sale of a 20% interest in Shuweihat CMS International Power Company (SCIPCO) and a 50% interest in Shuweihat O&M Limited Partnership ("SOMLP"). Hess Announces Nimblefoot-1 Natural Gas Discovery in Australia
Hess Corporation announced today that the Nimblefoot-1 exploration well on Australia's Northwest Shelf discovered natural gas. The well encountered 93 feet (28 meters) of net gas pay. First Oil From Bualuang Field in the Gulf of Thailand
SOCO International plc notes the recent announcement from Salamander Energy plc that first production of crude oil from the Bualuang Oil Field in block B8/38, in the Gulf of Thailand, occurred on 27th August 2008. SOCO’s 99.93% owned Thailand subsidiary, SOCO Exploration (Thailand) Co. Ltd., holds a 40% interest in the field, following a farm-out. Seven dead in Dubai helicopter crash
Services operator Petrofac said a helicopter carrying out a routine infield flight off Dubai crashed into the deck of the Resilient jackup drilling rig during take-off before breaking and falling into the sea yesterday evening, killing all seven passengers on the flight. Venezuela, South Africa Explore Orinoco Oil Deals
Venezuela's President Hugo Chavez met with his South African counterpart Thabo Mbeki Tuesday in a meeting where both leaders vowed to explore joint oil projects in the Orinoco basin. 
