News / International
Abu Dhabi sets output goals
The government of Abu Dhabi has unveiled an economic plan which sees oil production capacity topping the previous target of 3.5 million barrels per day over the next decade. Dow Chemical confirms commitment to transformational corporate strategy
The Dow Chemical Company DOW announced a wide range of legal, operational and financial actions that will keep the Company on track to fulfill the transformational corporate strategy Dow has pursued since 2005. Iran says OPEC to hold emergency meeting in February
Iran's representative to the Organization of Petroleum Exporting Countries (OPEC) Mohammad Ali Khatibi said here on Monday that the organization would hold an emergency meeting in Kuwait in February, Iran's state TV (IRIB) website reported. StatoilHydro kicks off drilling at Gjoa, plans to tie-In Vega Satellites
The Transocean Searcher drilling rig has started drilling the first of a total of 13 production wells on the Gjoa field in the North Sea. The rig will drill nine oil wells and four gas wells. China’s oil experts start work on developing major Iraqi field
Chinese oil engineers have begun work on developing a major Iraqi oil field following the signing of a $3 billion contract, a senior Iraqi official said. Oil prices rocket following Gaza attacks
Oil climbed to a 3-week high in trading, on Monday, on the back of fears of a potential oil boycott following an escalation of violence in the Middle East. OPEC exports to fall by 250,000 B/D in Mid-January
Crude oil exports from the Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are forecast to fall by 250,000 barrels a day in the four weeks to Jan. 17 compared with the previous four-week period, U.K.-based tanker tracker Oil Movements said. Venezuela’s PDVSA tripled net profit to $12B
Venezuelan state oil company Petroleos de Venezuela more than tripled its net profit in the first nine months of the year, taking in billions of dollars in additional gains due to record high oil prices. 
