News / International
Soco farewells Yemen in $465m sale
London-listed Soco International is selling its interests in the East Shabwa development area in Yemen to China’s Sinochem Petroleum for $465 million. BP racks up Block 31 bounty
UK supermajor BP has made a 15th find - the Portia subsalt oil discovery - at Block 31, in Angola's ultra deep-water play. 2007 a Giant Year for ExxonMobil
"ExxonMobil's full year 2007 net income and earnings excluding special items were a record $40,610 million ($7.28 per share), reflecting strong results in all business segments," said ExxonMobil Chairman Rex Tillerson. "We continued to supply crude oil and natural gas volumes to meet the world's energy needs through disciplined development and operation of our globally diverse resource base. Opec sticks with status quo
Opec agreed to keep oil supplies unchanged despite worries that $90-a-barrel crude is causing difficulty for slowing economies in the West. Riyadh ‘weighs up oil fund plan’
Saudi Arabia is considering setting up a $6 billion sovereign wealth fund to invest the country's surplus oil wealth, even though the kingdom could "live without it", it was reported. Shell takes a new step for Libyan LNG
Shell and Libya have set up a new joint operating agreement for their three-year-old liquefied natural gas deal to rejuvenate and upgrade the Marsa El Brega facility in Libya and explore for gas reserves that might sustain a greenfield plant. Dana takes Block 4 bite
Abu Dhabi-listed Dana Gas said it now officially holds a 10% stake in Block 4, which lies in the Nigeria-Sao Tome & and Príncipe Joint Development Zone, in the Gulf of Guinea. PTTEP wins double in Algeria
Thailand's state-run producer PTT Exploration & Production (PTTEP) has hit oil and natural gas with the MOM-3 exploration well, drilled on Block 433a, onshore Algeria. 
