News / International
Gustav shutting output in US Gulf
Oil and natural gas companies shut production across the Gulf of Mexico as they moved workers out of the path of Tropical Storm Gustav ahead of what could be the worst hurricane to strike the nation's offshore oil patch since 2005. Oil Search seals Kuwait deal
Port Moresby-based Oil Search said it had wrapped up the sale of part of its Middle East and North Africa assets to Kuwait Energy Company for $200 million. TAQA may face share price weakness
Abu Dhabi National Energy Company (TAQA) is likely to face weakness in its share price in the short-term with the conversion of mandatory convertible bonds on September 1, says a research note by Al Mal Capital. Schlumberger Introduces CO2-Resistant Cement
Schlumberger announced today the release of EverCRETE* CO2–resistant cement. This new product is specifically engineered to ensure long-term zonal isolation in wells with high concentrations of carbon dioxide in either wet or gaseous states. Expro secures North Sea contract from Total
After competitive tender, international oilfield service company Expro has been awarded a five-year contract with Total E&P UK Limited, covering exclusive provision of slickline and well test services and ad hoc provision of other services including drill stem testing, tubing conveyed perforating and cased hole logging, on Total’s platforms and mobile drilling units in the UK North Sea. StatoilHydro has made two new discoveries on the Norwegian continental shelf (NCS)
The presence of a considerable oil column has been confirmed under the Dagny structure in the North Sea. Gas has been proven in the deep-water Snefrid South prospect near the Luva discovery in the Norwegian Sea. Dana Petroleum Enters Drilling Rig Contract for Work Onshore Morocco
A drilling rig contract for the drilling of an exploration well on the Bouanane license onshore Morocco has been entered into by the Operator, Dana Petroleum plc, on behalf of the partner group including Tethys Oil and Eastern Petroleum. OPEC Weekly Prices dive below USD $110
The weekly average oil prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to USD $109.73 per barrel last week, the Vienna-based cartel said. 
