News / International
Opec chief warns oil could hit $200 a barrel
Opec's president warned oil prices could hit $200 a barrel and there would be little the cartel could do to help. The comments made by Chakib Khelil, Algeria's energy minister, came as oil prices hit a historic peak close to $120 a barrel, putting further pressure on global economies. BP books 48% profits booster
UK supermajor BP beat analysts' forecasts, booking a 48% surge in first-quarter replacement cost net income on the back of record oil prices. New Middle East head for Halliburton
US oilfield services giant Halliburton has appointed Gasser El-Badrashini as its vice president for the Middle East. KPIOS shells out $20m for IPIC stake
Egypt Kuwait Holding has sold a 25% stake in International Pipe Industry Company (IPIC) to Kuwait Pipe Industries & Oil Services (KPIOS) for $20 million. Eni signs Memorandum of Understanding with Qatar Petroleum
According to the MoU, both parties will pursue opportunities of mutual interest in order to exploit new or existing resources of natural gas and crude oil. The MoU also envisages the development of joint projects in the petrochemical industry and power generation. Extra time for Shell and Aramco
South Rub al-Khali (SRAK), a Saudi Arabian joint venture between Shell and Saudi Aramco, has landed an extension to its drilling programme in the kingdom's Empty Quarter. National Iranian Oil Makes Gas Discovery of 985 Bcf
Amongst the pomp and pageantry of Iran's 13th International Oil, Gas and Petrochemical Exhibition, National Iranian Oil Company Director for Exploration Affairs Mahmoud Mohaddes announced that a gas field has been discovered in the Masjed-Soleiman region in the southern area of the country. Libya Celebrating ‘Cooperation With Gazprom’
The National Oil Corporation of the Great Socialist People's Libyan Arab Jamahiriya (NOC) rolled out the red carpet this week for Gazprom Netherlands CEO Boris Ivanov. 
