News / International
National Iranian Oil Makes Gas Discovery of 985 Bcf
Amongst the pomp and pageantry of Iran's 13th International Oil, Gas and Petrochemical Exhibition, National Iranian Oil Company Director for Exploration Affairs Mahmoud Mohaddes announced that a gas field has been discovered in the Masjed-Soleiman region in the southern area of the country. Libya Celebrating ‘Cooperation With Gazprom’
The National Oil Corporation of the Great Socialist People's Libyan Arab Jamahiriya (NOC) rolled out the red carpet this week for Gazprom Netherlands CEO Boris Ivanov. Sabic reports first quarter 2008 results
Saudi Basic Industries Corporation (SABIC), reports first quarter 2008 (1Q08) profits of 6.92 billion Saudi Riyals, compared with 6.28 billion Saudi Riyals for the same period in 2007, an increase of 10 percent. The company’s share profit amounts to 2.31 Saudi Riyals, compared with 2.10 Saudi Riyals for the same period in 2007. Dubai to build LNG regasification terminal AND appoints Shell as advisor and main LNG supplier
Dubai Supply Authority (DUSUP) today announced it is to develop a floating Liquefied Natural Gas regasification facility at the DP World Jebel Ali Terminal in Dubai. The new facility will supplement the Emirate’s existing supplies of natural gas during summer peak demand, delivering environmental and security of energy supply benefits. Shell and Total face deadline pressure in Iran
Tehran: A senior Iranian oil official was on Monday quoted as saying a deadline for France's Total and Royal Dutch Shell to agree on developing two major energy assets in the Gulf would expire on April 18. AlMansoori, Corex To Establish Facility In Abu Dhabi
Innovative leading oilfield service provider, AlMansoori Production Services (MPS), has signed a joint venture agreement with one of the world's leading core analysis companies, Corex, to establish a new facility in Abu Dhabi. Island Oil & Gas Awarded New Licence in Morocco
Island Oil & Gas plc announces that the Ministre de l’Energie, des Mines, de l’Eau et de l’Environment of Morocco has formally approved the ‘Tarfaya Onshore’ Petroleum Agreement (the ‘Permit’) awarded to Island’s wholly owned subsidiary Island International Exploration Morocco (“IIEM”) by the Office National des Hydrocarbures et des Mines (“ONHYM”) in November 2007. Australia ‘will fail to triple LNG production by 2020’
Perth: Australia will fail to meet its target of tripling liquefied natural gas (LNG) output by 2020 due to severe labour shortage and capacity constraints, the chief of major producer Woodside Petro-leum said on Wednesday. 
