News / International
Oilex Will Test Sarha-1 Well
Oilex Ltd has confirmed that preparations are underway to conduct Drill Stem Test #3 of the Lower Gharif Formation in the Sarha-1 well located in Exploration and Production Sharing Agreement Block 56, Oman. Oil hits record above $105 on dollar, OPEC, supply
Oil hit a record high above $105 on Thursday as a weak dollar helped prices to extend the previous day's gains, which were prompted by a drop in U.S. oil inventories and OPEC's decision to keep output unchanged. Mena countries flare natural gas worth $10b every year
Doha: Middle Eastern and North African (Mena) countries are flaring natural gas worth as much as $10 billion every year, a World Bank body said on Wednesday.
OAPEC: 20% shrink in International oil investment
Oil ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) said that international investment in petroleum has shrank by 20 percent due to the global financial crisis. Oil steadies after flirting with $104 buoyed by investor demand
London: Oil was steady on Tuesday after it reached a record of almost $104 a barrel in the previous session, buoyed by investor demand for commodities as well as expectations the Organisation of Petroleum Exporting Countries (Opec) will not increase supply despite high prices. Opec unlikely to be moved on output despite $100 oil
Oil prices of more than $100 a barrel are unlikely to sway Opec ministers meeting in Vienna this week into raising output, which they say is more than enough. Major Subsea Wins for Hydro Group plc
Aberdeen based Hydro Group plc, a global solutions provider of optical and electrical products in the subsea technology industry, has secured two major contract wins worth a significant six figure sum, with international diving technology company Divex, the industry leader in the design, supply, manufacture, research and development of diving and subsea equipment technologies for commercial, professional and defence divers worldwide. Business as usual for Medvedev
Russia's next president Dmitry Medvedev - Russian gas giant Gazprom's chairman - pledged to uphold Vladimir Putin's policies today after a big election win that critics are claiming was stage-managed to let the outgoing Kremlin leader keep his grip on power. 
