News / International
Total announces signature of an agreement with Libyan National Oil Corporation to renew NC115 and NC186 contracts
Total confirms that an agreement has been signed for Repsol operated blocks NC115 and NC186 with Libya's National Oil Corporation (NOC) in the Murzuq basin, onshore Libya, some 700 kilometres south of Tripoli. SABIC exceeds all records reporting 14.5 billion Saudi riyal profit for first half 2008
The Saudi Basic Industries Corporation (SABIC) reported preliminary consolidated net profits of SR 14.5 billion for the first six months ending June 30, 2008 compared with SR 12.8 billion in the same period in 2007, an increase of 13 percent. OMV makes discovery at Jenein Sud Block in Tunisia
OMV Aktiengesellschaft has announced the discovery and successful testing of condensate and gas in its Ahlem-1 exploration well in the Jenein Sud exploration permit in Southern Tunisia. This is the third successful discovery in the permit within the last two years and highlights the potential of this block, which is operated by OMV (Tunesien) Exploration GmbH. Iran discovers new Billion barrel oilfield in Southwest
Iranian Oil Minister Gholam Hossein Nozari said on Sunday that Iran has discovered a new oil field in the southwest province of Khuzestan with in-place reserves of 1.1 billion barrels. Gazprom delegation Journeys to Libya to strengthen ties
Headed by Alexey Miller, Chairman of the Gazprom Management Committee, a Gazprom delegation visited the Socialist People's Libyan Arab Jamahiriya. Within the visit the delegation met with Shokri Mohamed Ghanem, Chairman of the Management Committee of the Libyan National Oil Corporation. Algeria invites bids for oil exploration
Opec member Algeria, unveiling details of its seventh exploration and production licensing round, invited prequalified companies on Sunday to bid for acreage with what it called high potential for petroleum resources. Interpipe launch new anti-corrosive coating line for oil and gas pipes
Leading steel pipe and railway wheels producer Interpipe has announced the opening of a new production line at Interpipe NMPP mill. The new line gives Interpipe the capacity to produce pipes with an external anti-corrosive 3-layer coating for both seamless and welded pipes up to 530 mm for oil and gas transportation. Total investment in the project has reached USD $8.5 million. Successful Appraisal Well Results For Kosmos Energy, Offshore Ghana
Kosmos Energy has conducted a second drillstem test of the Mahogany-2 appraisal well in the Jubilee Field offshore the Republic of Ghana. The well tested at a flow rate of 4,448 barrels of oil per day (BOPD) of 39-degree API gravity crude and approximately 5.1 million cubic feet per day of associated natural gas on a 36/64-inch choke with a flowing tubing pressure of 1,936 pounds per square inch during a second drillstem test. 
