News / International
Saudi Arabia Boosts Production by 200,000 b/d at OPEC Meeting
An emergency meeting among ministers of oil exporting countries in Jeddah, Saudi Arabia, had little impact, analysts said. Iraq Accepts 6 More Firms to Bid for Oil Deals
Iraq has accepted six state-owned oil firms to compete for future oil and gas contracts, bringing the number of companies eligible to 41, an Iraqi oil industry source said. Gasol Completes Acquisition of African LNG
Gasol Plc, (AIM:GAS) announces that all the resolutions regarding the reverse takeover of African LNG Holdings Limited ("African LNG") proposed at the Extraordinary General Meeting held were passed. Apache Completes Initial Damage Assessment and Estimates Timetable for Re-Establishing Production at Varanus Island Western Australia
Apache Northwest Pty Ltd, a subsidiary of Apache Corporation (NYSE, Nasdaq: APA), said today it has completed an initial assessment of damage at its Varanus Island processing hub and a timetable for restoring production. Oxy Signs 30-Year Agreement with Libya to Triple Production
Occidental Petroleum Corporation announced the signing of the full 30-year agreements with the Libyan National Oil Company (NOC) to upgrade its existing petroleum contracts. Eni and NOC Sign New Petroleum Contracts
Eni and NOC signed the six contracts of Exploration and Production Sharing (EPSA IV) that convert the original agreements that ruled oil and gas activity of Eni in the country. Contracts have been renewed for 25 years from January 2008. The new expiry dates set by the agreement are 2042 for production of oil and 2047 for gas. Oil hits $136 after fall in US stockpile
Oil veered wildly yesterday, as it swung back from a spike higher on a sharp fall in US crude oil stocks shown in weekly data. Kuwait and Iran cut price of heavy crude exports
Kuwait and Iran joined Saudi Arabia in slashing the price of their heavy crude exports to the deepest discounts in at least nine years, seeming to support Opec's view that the world has enough of its supplies. 
