News / International
Diesel prices in Dubai rise again
Dubai: The price of diesel in Dubai has gone up by 50 fils, or 3.26 per cent, per gallon as fuel retailers in the emirate continue their policy of adjusting prices upward to match rising international crude prices. Abu Dhabi to invest $25b in gas facilities
Abu Dhabi: State-controlled Abu Dhabi Gas Industries (Gasco) said on Monday it is investing about $25 billion in gas-processing plants and pipelines as it develops more fields to meet surging demand. Crude oil near new highs above 124 dollars
SINGAPORE, May 9, 2008 (AFP) - Crude oil traded near new all-time highs above 124 dollars on Friday after the OPEC cartel insisted the market is well-supplied and being driven by speculators. World oil prices strike fresh record
SINGAPORE, May 8, 2008 (AFP) - World oil prices struck a fresh intraday record of 123.87 dollars a barrel in Asian hours on Thursday, despite a larger-than-expected rise in US energy stocks. NIOC: Oil production to increase to 88m bpd in 2008
Managing Director of the National Iranian Oil Company (NIOC) Seyfollah Jashnsaz said here Wednesday that given the growing trend of global demand for oil, it is predicted that the oil production would increase to 88 million barrels per day in 2008. StatoilHydro adds to Alve tally
StatoilHydro has proved up even more reserves at the Alve field, in production licence 159B off Norway, with well 6507/3-5S hitting between 3 billion and 5 billion cubic metres of recoverable gas condensate. Halliburton Awarded 3-Year Completions Contract by ADNOC
Halliburton announced that it has been awarded a contract by Abu Dhabi Company for Onshore Oil Operation (ADCO), a subsidiary of Abu Dhabi National Oil Company (ADNOC), to provide a range of completion equipment for onshore oil and gas wells. RWE Dea makes fifth Discovery in Libya
RWE Dea continues its exploration success with a fifth discovery in the Sirte Basin. Following three oil discoveries in Concession NC193 and one in Concession NC195 since late 2006, a second discovery in NC195 further strengthens RWE Dea’s position in Libya. 
