News / International

Schlumberger, Maersk beat record

Oilfield services giant Schlumberger and the Qatar arm of Denmark's Maersk Oil teamed up to drill the longest well in the world – in the Al Shaheen field offshore Qatar.

Aminex receives new acreage award in Tanzania

Aminex PLC, the oil and gas company listed in London and Dublin announced the award of a further Production Sharing Agreement (PSA) in Tanzania.

Putin warned BP about Russia risks

Russia's Prime Minister Vladimir Putin said he had warned BP about the risks of setting up a venture with a group of Russian billionaires when he blessed its creation as president in 2003.

Iranian gas supplies to Turkey resume after pipeline blast

Iran said it has resumed supplying natural gas to Turkey five days after an explosion damaged a pipeline between the two countries, state media reported.

Oil India Joins Sonatrach to acquire 4 Blocks in Libya

Oil India Limited has recently signed an Exploration and Production Sharing Agreement with the National Oil Corporation of Libya, along with its consortium partners Sonatrach, the National Oil Company of Algeria and another Oil PSU, Indian Oil Corporation to acquire four exploration blocks in Libya.

Gaz de France, Hoegh Partner for the Triton Offshore LNG Project

Gaz de France and Hoegh LNG AS have signed a Joint Development Agreement related to the design, the construction supervision and the operation of a vessel used as a Floating Storage and Regasification Unit (FSRU-vessel). Thanks to this partnership, the most up to date technology will be brought to the Triton project, an offshore LNG project developed by Gaz de France in the Adriatic sea, at about 30 km off the Marche region shore, in Italy.

SAUDI KAYAN signs US$6 billion financing agreements for world’s largest integrated petrochemical complex

An affiliate of the Saudi Basic Industries Corporation (SABIC), the Saudi Kayan Petrochemical Company (SAUDI KAYAN) entered into US$6 billion (Saudi Riyal 22.5 billion) financing arrangements for 15 years with a group of banks and financial institutions to finance part of the cost of its new complex in Jubail Industrial City. The complex will be the world's largest integrated petrochemical complex.

Aker Solutions starts buoyancy production in Malaysia

Aker Solutions has started up a new facility for production of buoyancy modules for deepwater marine drilling risers at the company's hi-tech subsea manufacturing centre in Malaysia.

Iran adds on to offshore stockpile

Iran has earmarked more supertankers from its state-owned fleet to store grades of heavy crude in the Persian Gulf, increasing supply stored offshore to 30 million barrels, partly from an inability to sell it, prompting oil traders to speculate that Iran might shut in fields.

Aabar completes sale of upstream oil unit Pearl Energy

Following the earlier announcement of 21 April 2008, Aabar Energy PJSC ("Aabar") announces that it has completed the sale of its wholly owned exploration and production subsidiary Pearl Energy Limited ("Pearl") to Mubadala Development Company PJSC ("Mubadala").

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