News / International
BP eyes big Algeria spend
BP plans to invest $2 billion over the next five years in the oil and gas projects it operates in Algeria if it gets favourable terms from the government. Tethys Oil: the Tafejjart-1 exploration well onshore Morocco concluded
The Tafejjart-1 well (TAJ-1) in the Bouanane licence, onshore Morocco, has been concluded at a depth of 3,274 metres (measured depth below ground level). Iran, China sign deal to expand oil refineries
National Iranian Oil Products Distribution Company (NIOPDC) and a Chinese consortium signed an agreement on Saturday to expand the capacity of Abadan and Persian Gulf Star oil refineries. Oil Dives to $63 on Unexpected Stockpile
The price of crude oil plummeted nearly 6% on the New York Mercantile Exchange Wednesday, settling just above $63 a barrel. While investments in the energy commodity have been spurred by hope of an economic turnaround, US inventories surged today, pointing to a decrease in demand. Saudi Aramco’s ‘Smart Water’ May Aid Oil Production
Oil and water don't mix. That's why water is used to help drive oil out of a reservoir and maintain reservoir pressure in a process known as waterflooding. GDF SUEZ chooses Aberdeen as new home for its UK E&P operations base
GDF SUEZ, one of the world’s leading energy providers has underlined its long-term commitment to the North Sea by investing £6 million in establishing its UK Exploration and Production (E&P) operational centre in Aberdeen. Iraq Cabinet oks law establishing National Oil Co
The Iraqi cabinet approved a law providing for the establishment of a national oil company for the first time in decades, a government spokesman said. Oman PDO extends deadline for oil bid interest
State-run Petroleum Development Oman (PDO) said on Wednesday it had extended the deadline for prequalification of contractors to compete for up to $7 billion in contracts to work on the country's oilfields. 
