News / International
Petrofac awarded US$2.3 Billion Abu Dhabi contract
Petrofac, the international oil & gas facilities service provider, has been awarded a US$2.3 billion contract by Abu Dhabi Company for Onshore Oil Operations (ADCO) for the development of the onshore Asab oil field. Nigeria, Dubai $16B deal eyes gas, oil and power investment
A huge infrastructure deal between Nigeria and Dubai will target $16 billion worth of investment over the next decade in oil and natural gas drilling and the country's dilapidated power sector, Nigeria's state petroleum company said. Gazprom turns on gas taps
Russian gas giant Gazprom confirmed today that it has resumed gas flows into the Ukrainian pipeline system for export to Europe. Dragon sits on investment cash stash
Dubai-based Dragon Oil said today it has $867 million in cash at hand at the end of last year and plans to use the money for investment and possible acquisitions this year. Iran sees crude at $40 in 2009
Iran's Oil Ministry anticipates a crude price of about $40 a barrel in 2009, Oil Minister Gholamhossein Nozari was quoted as saying, suggesting Tehran does not expect the market to rebound soon. CETCO Signs Libyan Deal
Aberdeen-based CETCO Oilfield Services has announced it has signed a deal with the Libyan services agent company, APSCOP, Althuraya Petroleum Services and Supplies to provide water treatment services to the Libyan oil and gas industry. Verenex underscores operations at Libya’s Area 47
Verenex has provided an update on its operations in Libya's Area 47 in the Ghadames Basin. The Company has advised that since the last operational update on November 12, 2008, the I1-47/02 NFW exploration well (well No. 16) was successfully tested, the J1-47/02 NFW exploration well (well No. 17) was drilled and cased and is preparing to test, the K1-47/02 NFW exploration well (well No. 18) was drilled and is currently being cased and the L1-47/02 NFW exploration well (well No. 19) was spudded on January 2, 2009 and is currently drilling. Abu Dhabi firm expresses interest in investing in oil shale sector
Prime Minister Nader Dahabi on Monday met with Chairman of the Abu Dhabi National Energy Company (TAQA) Sheikh Shaye Ben Ahmad to discuss bilateral ties and investment opportunities in the country's energy sector. 
