News / International
GSF cuts rigs adrift in UK merger deal
Offshore drilling giant GlobalSantaFe today said today it would sell two of its deep-water rigs working in the North Sea to allay UK regulators’ antitrust concerns related to its merger with fellow drilling contractor Transocean. Naimi keeps mum over Opec’s next move
Saudi Oil Minister Ali al-Naimi said today the world's top oil exporter had raised output to 9 million barrels per day in line with Opec's 1 November agreement, but offered no clues about the group's next meeting. OMV Signs Agreement With Libya’s National Oil Corp
Austria's OMV AG (OMV.VI) signed an 30-year agreement with the Libyan Oil Corporation, or NOC, revising and upgrading several of its existing petroleum contracts to the newly established EPSA IV contractual framework, OMV said. Oil prices strike record high near 100 dollars
World oil prices surged to a record peak above 99 dollars per barrel on Wednesday on the back of the falling US dollar and tight global crude supplies, traders said. Dana Gas opens Iraq office
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, yesterday inaugurated its new Suleymaniya office in the Kurdistan Region of Iraq. ExxonMobil to go Exploring in Libya’s Offshore Sirte Basin
ExxonMobil's subsidiary, ExxonMobil Libya Limited, signed a heads of agreement to execute an Exploration and Production Sharing Agreement (EPSA) with Libya's National Oil Corporation to initiate exploration activity offshore Libya in the Sirte Basin. Oil prices rally after OPEC summit
World oil prices extended gains Monday amid tight crude supplies heading into the northern hemisphere winter, traders said. Saudi fire death toll rises to 28
A fire that broke out in a gas pipeline near the Hawiyah gas plant in Saudi Arabia yesterday has killed 28 people, Saudi Aramco said. 
