News / International
World’s Top Offshore Discoveries In 2009
2009 will be remembered for its significant offshore oil and gas discoveries worldwide. Of the 10 top discoveries for the year, two were made in the GOM, two were found off Australia, and one each off Brazil, China, Israel, the UK, Venezuela, and West Africa. Tethys Oil: testing operations on East Saiwan-2 concluded
The testing operations of the heavy oil zones encountered in East Saiwan-2 on Block 4 onshore Oman have been concluded. Iran praises OPEC
A senior Iranian oil official was quoted describing the commitment of OPEC (The Organization of the Petroleum Exporting Countries) to the crude output targets as "successful". Last year, the members reached a compliance of 66 percent. Qatar oil minister: market “well supplied”
Abdullah bin Hamad Al Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar said that the markets have enough oil supply. Libya: OPEC will not raise production
A senior Libyan oil official said that his country is pleased with the current oil price, around $80 a barrel, adding that the Organization of Petroleum Exporting Countries (OPEC) is not expected to increase the production unless the price of barrel reaches $100. Russian oil flows to Belarus despite talks failure
Russian oil continues to flow to Belarus and via Belarus to the European Union despite a failure by Moscow and Minsk to seal a new oil supply deal at talks on Saturday. Iraq finalizes oil deals this month
Iraq's Oil Ministry will settle deals later this month with foreign energy firms for its Majnoon, Gharaf, Qayara and Najmah oilfields, said a top official. Pipeline attack cuts Chevron Nigeria oil output
U.S. Oil Major Chevron said it was forced to shut down 20 thousand barrels per day (bpd) of crude oil production in Nigeria after confirming a breach to one of its pipelines. 
