News / International
Kuwait plans to stockpile oil overseas
Kuwait City: Rising international tension between Iran and the West has prompted Opec-member Kuwait to consider long-term plans to increase storage of its oil abroad, oil industry sources and diplomats said. Dana Gas and Crescent Petroleum announce establishment of 461 million square feet site for Kurdistan Gas City
Gas Cities a joint venture between Dana Gas PJSC, the Middle East's first and largest regional private-sector natural gas company, and its partner Crescent Petroleum, announced that the 461 million square foot site for the Kurdistan Gas City has been officially assigned by the Kurdistan Regional Government (KRG), for development by Gas Cities LLC, following extensive surveys that have been completed on potential sites within the Kurdistan Region of Iraq Demand for fuel in UAE increased 4.6% in 2007
UAE fuel demand grew by around 4.6 per cent to more than 223,000 barrels per day in 2007 and industry sources expect it to swell by over five per cent this year. Abu Dhabi firm wins Dh500m US contract
Oderco Oil Equipment Company has won a Dh500 million order from an unidentified US-based drilling contractor for the supply of 10 onshore rigs, the Abu Dhabi-based company's chairman said. Chevron Announces First Oil Production from Agbami Field, Offshore Nigeria
Chevron Corporation announces that its Nigerian affiliate, Star Deep Water Petroleum Ltd, has commenced crude oil production from the Agbami Field, located offshore Nigeria. StatoilHydro to Halt New Investments in Iran
Norwegian oil and gas group StatoilHydro confirmed on Friday it will not make any new investments in Iran, following pressure from the United States to isolate the Islamic Republic over its nuclear ambitions. Candax Hooks Up, Tests Production of Ebb-3 Well Offshore Tunisia
Candax Energy Inc. has announced the completion of the hook-up of EBB-3 the third and final of the three development wells in the El Bibane field offshore Tunisia. BP Angola umbilical contract to Aker Solutions
Aker Solutions has been awarded a frame contract by BP for the delivery of subsea umbilicals to the oil company's PSVM ultra-deepwater field development offshore Angola. Intial contract value is approximately NOK 360 million. 
