News / International
Dana Gas moves ahead with plans for 1,000 sq km offshore concession in Sharjah
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, is moving ahead with plans for the exploration and development of the Western Offshore concession in Sharjah. Oil prices higher before US inventory data
Oil prices rose on Wednesday as the market awaited the latest weekly update on energy inventories in the United States -- the world's biggest consumer. Halliburton announces Fourth Quarter and full year earnings
Halliburton (NYSE:HAL) announced this week that revenue in the fourth quarter of 2008 was $4.9 billion, up 17% from the fourth quarter of 2007. Consolidated operating income was $1.2 billion in the fourth quarter of 2008 compared to $907 million in the fourth quarter of 2007. Edison: new gas discovery in Algeria
Positive results of the drilling of two new wells in the Algerian desert: production tests registered total flows of about 1 million cubic meters per day RWE Dea has made two new gas discoveries in Algeria’s Sahara desert, in the Reggane and Ahnet basins.
The first of the two finds, exploration well KLS-1, is part of a new isolated structure known as Kahlouche Sud in the North Reggane Concession. The first production tests registered flows of 629,000 cubic meters per day of gas at a depth of 3,720 meters through a choke size of 32/64". Tethys Oil: spring 2009 drilling program on blocks 3 and 4 onshore Oman initiated
Tethys will participate in a two well drilling program during spring of 2009 on Blocks 3 and 4 onshore Oman. Preparations to drill the first well - Farha South-3 on Block 3 – are ongoing. The well is estimated to spud in the first week of February. The second well - East Saiwan-2 on Block 4 – is scheduled to follow as soon as Farha South-3 has been finalized. Gazprom obtains rights for E&P in Algerian El Assel area
Gazprom Netherlands B.V. and the Algerian State Oil and Gas Corporation (ASOGC) Sonatrach have signed an Agreement for the transfer of rights for hydrocarbon exploration and production in the onshore area El Assel located in the Berkine Basin of Algeria. Repsol hits trio of jackpots in Sahara
Repsol has made three new gas finds in Algeria’s Sahara desert with initial tests showing production rates of 1 million cubic metres per day. 
