News / International
Iraq and Shell sign agreement on South Iraq Gas
The Ministry of Oil of the Republic of Iraq and a wholly owned affiliate of Royal Dutch Shell plc (“Shell”) today signed a Heads of Agreement that sets the commercial principles to establish an incorporated joint venture (the “JV”) between the South Gas Company and Shell for the processing and marketing of all associated natural gas produced in the Governorate of Basra in Southern Iraq, an area covering some 19,000 square kilometres. TWMA Announces Acquisition As Part of Strategic Growth Plans
International environmental services specialist Total Waste Management Alliance (TWMA) has announced the acquisition of an Aberdeen-based company which will significantly add to its portfolio of services and increase staff numbers. Aker Solutions establishes new base in Vietnam
The new operation centre, which is located within state-owned base of Petroleum Technical Services Corp (PTSC), will provide strategic and effective support services for Aker Solutions' onshore and offshore oil and gas customers in the country. BP agrees peace deal with Russian partners
BP has agreed a peace deal with its Russian partners over the future of their joint venture, TNK-BP, under which embattled chief executive Robert Dudley will quit. Oil falls below $109 a barrel as Gustav blows over
Oil fell below $109 (Dh400) a barrel on Wednesday, weighed down by slowing demand in the US and other consuming nations and signs that the US oil sector would recover quickly from Hurricane Gustav. Iraq to Get $63B in Oil Revenues from Ahdab Field
Iraq is expected to earn around $63 billion from a contract it signed with a Chinese company to develop Al Ahdab oil field in central Iraq, Oil Minister Hussein al-Shahristani told reporters in Baghdad. Adnoc surprises with first price cuts this year
Abu Dhabi National Oil Company (Adnoc) has cut the August retroactive official selling price (OSP) of its benchmark Murban crude, the first time this year that the monthly price has failed to hit a record high. Verenex Unveils Operational Activities in Libya
Verenex Energy Inc. has provided an update of its operational activities in Libya. 
