News / International
CNOOC, Total and Repsol consortia win Algerian exploration permits
Algeria's Ministry of Energy awarded three exploration licenses out of 10 permits on offer at a public session, said the Head of the licensing committee Djilali Takkherst. Oil prices slip as dollar strengthens
World oil prices fell on Monday, reversing earlier gains and in line with other commodity markets, as traders took their cue from a stronger dollar, dealers said. Arous Al-Bahar discovery well flows oil, gas offshore Libya
Hess Corporation's fully-owned subsidiary Hess Libya Exploration Limited (HLEL) has carried out a successful test of its discovery well A1-54/01 offshore Libya in the Mediterranean Sea. Saipem win contracts worth around $753 million
The Italian oilfield services giant Saipem has announced that it has been awarded a number of new onshore contracts with a total of around US$753 million. Iran offers India 40% stake in South Pars
National Iranian Oil Co., or NIOC, has offered India a 40% interest in phase 12 of the South Pars gas field and 6 million metric tons of liquefied natural gas a year, its managing director said. Fugro awarded 3.5 year service contract Middle East
Fugro Survey (Middle East) Limited has been awarded a 3.5 year extension to their existing contracts with engineering and construction company, J. Ray McDermott (J. Ray), for the provision of survey, positioning and Remotely Operated Vehicle (ROV) services in the United Arab Emirates, Qatar, India and Saudi Arabia. J. Ray currently operate four major work barges in the region as well as a large number of other support vessels. Zamil Group and Petrofac establish new joint venture in Saudi Arabia
Petrofac, the international oil & gas facilities service provider, has established a Joint Venture agreement with Zamil Group Holding Company to create and operate a new service centre facility in the Kingdom of Saudi Arabia. Oman forecasts 2010 oil price
Oman expects oil prices to range between $70 and $80 a barrel in 2010, some 40% to 60% more than the $50 estimate the country is using for to calculate its budget, Oman's national economy minister said. 
