News / International

Calvalley Spuds and Drills, Discovers Gas and Oil in Yemen

Calvalley has completed drilling and has commenced testing of the Malik 1 exploration well on Block 9 in the Republic of Yemen.

ConocoPhillips & Qatar Petroleum Sign Global Energy Deal

ConocoPhillips and Qatar Petroleum International, a wholly-owned subsidiary of Qatar's state-owned company, Qatar Petroleum, have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Qatar.

Petro-Canada, Libya’s NOC To Ink 30-Year Agreements

Petro-Canada (PCZ) signed a 30-year exploration and development agreement with Libya's National Oil Corp. to jointly redevelop major oil fields and exploration programs in the Sirte Basin.

Abu Dhabi to pump Dh100bn into oil sector

Abu Dhabi is set to pump about Dh100 billion into projects in the oil sector in the next five years as it pushes ahead with plans to boost crude output and expand its oil-related industry.

Shell & Oxy on Short List for $10B Abu Dhabi Sour Gas Project

Royal Dutch Shell PLC (RDSA.LN) and Los Angeles-based Occidental Petroleum Corp. (OXY) are the final contenders for a $10-billion project to develop sour gas reserves in Abu Dhabi, o be awarded within two weeks, people familiar with the project said Wednesday.

Iran revives Salman gas deal

The National Iranian Offshore Oil Company (NIOC) expects to start supplying natural gas to Dana Gas shareholder Crescent Petroleum by September next year, ending a two-year delay, according to local media.

Total joins Sinopec in Yemen hunt

Total is to take a 40% stake in two onshore blocks in Yemen operated by China’s Sinopec, the French giant said today.

Libya wildcat purrs for Verenex

Canadian explorer Verenex Energy has made its fourth oil find, with the F1-47/02 wildcat well, drilled in Area 47 in Libya's Ghadames basin.

Oil prices narrowly mixed after Saudi OPEC comments

Oil prices were narrowly mixed Wednesday after Saudi Oil Minister Ali Al-Nuaimi refused to be drawn over whether OPEC would decide to increase crude output at an upcoming meeting, dealers said.

Iran: Gov’t Against Open Market Fuel

Deputy oil minister, Mohammad Reza Nematzadeh, has said the government has no plan to offer gasoline at free market price at least until next March.

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