News / International
MIS rolls out Middle East first
United Arab Emirates-based Maritime Industrial Services (MIS) has scored what it claims is a Middle East first with the completion of a newly-designed offshore jack-up drilling rig for Nigerian drilling company SeaWolf Oilfield Services. Petrofac awarded US$543 million lump-sum contract with Kuwait Oil Company
Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a KD147 million (approximately US$543 million) lump-sum contract by Kuwait Oil Company (KOC). Gas trio ‘to form supply joint venture’
Russia, Iran and Qatar will set up a joint venture to produce and sell gas when top officials and executives from the three states hold gas co-operation talks today in Doha, Russian media reported. Libya to Start Building $5B Energy Hub in January
"Our project meets the needs of most oil and gas companies. Our study showed they were interested in doing more business in Libya and want to expand their operations," said Janahi. StatoilHydro forms strategic alliance with Chesapeake Energy
StatoilHydro, the second largest natural gas supplier to Europe and Chesapeake Energy Corporation, the largest US natural gas producer, today announced the signature of a strategic agreement to jointly explore unconventional gas opportunities worldwide. Saudi Aramco to cut crude oil supplies to Japan, first time in two year
Saudi Arabian Oil Co. (Aramco) has notified Japanese oil distributors that it will reduce crude oil supplies to Japan by about five percent in December, Japan's leading business daily reported. OPEC Awaiting Members Report Before Cutting Output Further
The Organisation of Petroleum Exporting Countries (OPEC) is set to cut oil output further if the current measures, set out at the cartel's last Emergency General Meeting, do not stimulate plummeting crude prices. Sudan Targets 600,000 B/D Oil Output in 2009
Sudan is targeting 600,000 barrels a day of crude oil production in 2009 from 500,000 barrels a day expected by the end of this year, Sudan's minister of energy and mining said. 
