News / International
Saudi Aramco and Schlumberger develops BHGM technology
Saudi Aramco, the world's largest oil company, and Schlumberger, the leading oilfield services provider, are jointly developing new borehole gravity metering (BHGM) technology to measure the movement of deep-reservoir fluids at a precision scale never before attained. Iran, Iraq sign oil pipeline deal
Iran and Iraq signed an agreement to build pipelines for the transfer of Iraqi crude oil and oil products, the state-run Iran news network Saturday quoted the oil ministry as announcing. Chavez tips oil price to hit US$100/barrel
World oil prices are headed for US$100 ($133) a barrel, Venezuelan President Hugo Chavez predicted yesterday, and said he would cut supplies to the United States if the US Government "attacks" the South American nation again. PetroChina turns to Chevron’s superior technology for gas production
PetroChina chose US oil and gas company Chevron to help produce natural gas from a field where nearly four years ago a gas blow-out killed hundreds, the Wall Street Journal said. Iraq and Turkey to boost energy ties
Iraq and Turkey agreed to boost energy cooperation, including shipping Iraqi oil and natural gas to Europe via Turkey, Milliyet newspaper said. Interpipe announces a 13.3% shipment growth of pipes
Interpipe has recorded 11.8% growth in shipment volumes of pipes and wheels in the first six months of 2007 against the same period last year. The growth in the number of pipes shipped totaled 13.3 % (total volume – 638,000 tons) and the amount of wheels shipped grew 4.5 % (115,700 tons shipped). Gazprom to reduce gas supplies to Belarus unless bill is paid
In the latest of its many disputes over payments with neighboring countries, the Russian energy giant Gazprom said that it would reduce natural gas supplies to Belarus starting this Friday, unless the former Soviet state paid an outstanding gas bill of $456 million before that time. Aabar sells drilling services unit to focus on E&P
Aabar Petroleum has reached an agreement with GulfCap Group for the sale of its wholly owned drilling services subsidiary, Dalma Energy LLC, for a debt free cash adjusted enterprise value of approximately US$446 million (subject to working capital adjustments) following a strategic review of Aabar’s activities. 
