News / International
Gaz de France, Hoegh Partner for the Triton Offshore LNG Project
Gaz de France and Hoegh LNG AS have signed a Joint Development Agreement related to the design, the construction supervision and the operation of a vessel used as a Floating Storage and Regasification Unit (FSRU-vessel). Thanks to this partnership, the most up to date technology will be brought to the Triton project, an offshore LNG project developed by Gaz de France in the Adriatic sea, at about 30 km off the Marche region shore, in Italy. SAUDI KAYAN signs US$6 billion financing agreements for world’s largest integrated petrochemical complex
An affiliate of the Saudi Basic Industries Corporation (SABIC), the Saudi Kayan Petrochemical Company (SAUDI KAYAN) entered into US$6 billion (Saudi Riyal 22.5 billion) financing arrangements for 15 years with a group of banks and financial institutions to finance part of the cost of its new complex in Jubail Industrial City. The complex will be the world's largest integrated petrochemical complex. Aker Solutions starts buoyancy production in Malaysia
Aker Solutions has started up a new facility for production of buoyancy modules for deepwater marine drilling risers at the company's hi-tech subsea manufacturing centre in Malaysia. Iran adds on to offshore stockpile
Iran has earmarked more supertankers from its state-owned fleet to store grades of heavy crude in the Persian Gulf, increasing supply stored offshore to 30 million barrels, partly from an inability to sell it, prompting oil traders to speculate that Iran might shut in fields. Aabar completes sale of upstream oil unit Pearl Energy
Following the earlier announcement of 21 April 2008, Aabar Energy PJSC ("Aabar") announces that it has completed the sale of its wholly owned exploration and production subsidiary Pearl Energy Limited ("Pearl") to Mubadala Development Company PJSC ("Mubadala"). Iraq reserves ‘world’s largest’
Iraqi Deputy Prime Minister Barham Salih said today the country revised its reserves estimates based on new exploration data that suggests the country may have the world’s largest proven oil reserves, surpassing Saudi Arabia. Gulfsands Expands in Khurbet East with Second Horizontal Well
Gulfsands Petroleum plc announced that the Company has commenced the drilling of the second horizontal development well within the Khurbet East Field (KHE-6H). The KHE-6H well will be completed and suspended as an oil producer for connection through the Early Production Facility (EPF), scheduled to commence operation by the fourth quarter of 2008. Dana Gas investing over US$ 500 million in 2008
Dana Gas PJSC, the Middle East’s first and largest regional private-sector natural gas company, has announced investments of over US$ 500 million this year in the Company’s projects in Northern Iraq, Egypt and the UAE. 
