News / International
Exxon-Sabic venture to cost $5b
ExxonMobil Chemical and Saudi Basic Industries Corp (Sabic) joint-venture synthetic rubber plants were expected to cost about $5 billion (Dh18.39 billion), a senior company executive said. Shell and Halliburton push the limits of extreme well conditions in Libya
Halliburton announces the recent deployment of its new Hostile Sequential Formation Tester II (HSFT-II™) tool. This latest formation evaluation tool allows operators to evaluate formations at increased pressures and temperatures, up to 30,000 pounds per square inch (psi) and 450°F, respectively, and in boreholes as small as four inches. No other commercially available formation testing tool is rated for such operating conditions. Jordan to weigh BP Risha plan
The Jordanian Cabinet is set to discuss a draft gas exploration agreement with BP to develop the Risha gas field before giving it final approval, according to reports. Iran, China sign major deal to develop South Azadegan
China National Petroleum Corp (CNPC) has signed a contract with National Iranian Oil Company (NIOC) for the development of Iran's South Azadegan oil field. OPEC’s Weekly Oil Prices Drop Again
The last weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to $66.80 per barrel, showing a reduction of $1.3 compared to the previous week, said the Vienna-based cartel Monday. KBR awarded FEED contract by Saudi Aramco for Shaybah NGL program
KBR has been awarded a contract by the Saudi Arabian Oil Company (Saudi Aramco) to provide front-end engineering and design (FEED), and Project Management Services (PMS) for its Shaybah Natural Gas Liquids (NGL) Program at Shaybah field located in Saudi Arabia. Gazprom to bid for Iraqi fields in consortium with Turkish company
Russia's energy giant Gazprom will bid for Iraqi oil and gas fields in a consortium with Turkey's state-run oil company, a Russian business daily said, citing the Turkish Energy Minister. Kuwait’s crude oil exports to Japan down 26.6 percent
Kuwait's crude oil exports to Japan fell 26.6 percent in August from a year earlier to 8.85 million barrels, or 285,000 barrels per day (bpd), for the second straight monthly decline, the government said Wednesday. 
