News / International

Testing operations on Omani oil discoveries to commence

Tethys and partner CCED (Oman) Ltd (operator) have contracted MB Petroleum LLC to provide the MB 49 work over rig to conduct testing operations on Blocks 3 and 4 onshore Oman. The 450 hp rig is currently being mobilized on Block 3 and testing operations will begin in the next couple of days. The Barik sandstone, which displayed excellent oil shows whilst drilling, was not fully evaluated at the time and will now be tested

Dana Gas achieves revenue of AED 359 million in the third quarter

Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced its financial results for the quarter ending 30th September 2009.

Qatar to boost LNG exports to China

Qatar has agreed to boost supplies of liquefied natural gas to China by at least 5 million tonnes a year from early next decade, the world's largest LNG exporter said.

Global oil demand to see growth in Q4 – IEA

Global oil demand will grow in the fourth quarter of 2009, its first year-on-year increase in fuel use since the second quarter of 2008, the International Energy Agency said.

Halliburton wins 5-yr drilling gig in Mega-Giant Ghawar field

Halliburton has been awarded the integrated turnkey drilling contract in South Ghawar. Located approximately 200 kilometers (124 miles) from the city of Dhahran, the Ghawar field is the world's largest oil field and the contract would involve work in Uthmaniyah, Haradh, Hawiyah and Shedgum.

Exxon-Shell consortium’s deal will boost Iraq’s output

ExxonMobil and Royal Dutch Shell signed a deal with the Iraqi Oil Ministry on Thursday to develop a major field, marking the first foray by a U.S.-led consortium into Iraq's promising but uncertain oil industry.

Aramco gas supplies to rise 30 pct in 5 yrs-reports

Saudi Aramco plans to raise its daily gas supplies by 30 percent within five years to 8 billion cubic feet, Al-Hayat newspaper quoted its Chief Executive Khalid al-Falih as saying on Sunday.

Yemen sends its first LNG shipment

Yemen dispatched its first liquefied natural gas (LNG) shipment on Saturday from a $4.5 billion Total-led plant, as the leader of the violence-torn country sought to soothe security concerns.

Russia maintains oil output lead as level hits record 10m barrels

Russian October oil output inched up to 10.04 million barrels per day from already record-high 10.01 million bpd in September, while the country's October daily gas output rose by 15.8 per cent to 1.76 billion cubic metres from 1.52 bcm in the previous month.

Petrobras looking at potential investments in Saudi Arabia

Petróleo Brasileiro S/A - Petrobras, announces that, after a visit made to Saudi Arabia late October, it is analyzing some investment opportunities in that country.

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