Gulfsands Petroleum plc has announced that the production of oil commenced at the Khurbet East Early Production Facility in Block 26, Syria on July 21, 2008.
Eleven young Libyans signed an agreement at RWE Dea’s Representative Office in Tripoli to take part in a three-year trainee program. In the process, the Company is continuing its successful trainee program launched two years ago.
Scotland’s only oil field service company supplying the full range of diving, welding, industrial, laboratory, test and calibration gases, Dominion Gas announces further investment in UK and Norwegian markets.
The Shaw Group Inc. announced that its Energy & Chemicals Group has been selected to provide engineering services and licensing for its proprietary Residue Fluid Catalytic Cracking (RFCC) technology to Abu Dhabi Oil Refining Company (Takreer).
The price of oil could drop to between $70 and $80 a barrel if the dollar strengthens and concerns over Iran are reduced, OPEC chief Chakib Khelil said.
Total confirms that an agreement has been signed for Repsol operated blocks NC115 and NC186 with Libya's National Oil Corporation (NOC) in the Murzuq basin, onshore Libya, some 700 kilometres south of Tripoli.
The Saudi Basic Industries Corporation (SABIC) reported preliminary consolidated net profits of SR 14.5 billion for the first six months ending June 30, 2008 compared with SR 12.8 billion in the same period in 2007, an increase of 13 percent.
OMV Aktiengesellschaft has announced the discovery and successful testing of condensate and gas in its Ahlem-1 exploration well in the Jenein Sud exploration permit in Southern Tunisia. This is the third successful discovery in the permit within the last two years and highlights the potential of this block, which is operated by OMV (Tunesien) Exploration GmbH.
Iranian Oil Minister Gholam Hossein Nozari said on Sunday that Iran has discovered a new oil field in the southwest province of Khuzestan with in-place reserves of 1.1 billion barrels.