News / International
Shell plans floating LNG unit off Australian coast
Perth: Anglo-Dutch oil major Royal Dutch Shell is considering using floating liquefied natural gas (LNG) production technology for a gas field off Western Australia, a company executive said. Oil surges $3 to above $109 level
London: Oil surged more than $3 a barrel yesterday, above the $109 level, lifted by a strong rally in gas oil and as optimism that banks will manage to shore up the financial system fuelled buying across commodities and equities. Two Transocean Rigs Contracted For $928 Million In Five-Year Deal
Transocean Inc. announced that the ultra-deepwater drillship Dhirubhai Deepwater KG2 (formerly Deepwater Pacific 2), which is owned by a joint venture in which the company has 50 percent interest, has been awarded a five-year drilling contract from Reliance Industries. The contract is expected to commence in the first quarter 2010 following shipyard construction, sea trials, mobilization to India and customer acceptance. Dana to receive Iran gas in 2008
Dana Gas said it would start to receive the much-delayed natural gas supplies from Iran in mid 2008, although Tehran has remained silent over earlier statements by the UAE company that deliveries would start soon. Borouge announces further strategic expansion of polyolefins operations beyond Borouge 2
Dubai: Abu Dhabi polymer producer Borouge said on Sunday it has initiated the feasibility study for Borouge 3: a further expansion of its polyolefin operations in Abu Dhabi. Island Oil & Gas Extends Reconnaissance Contract in Morocco
Island Oil & Gas plc announces that San Leon (Morocco) Ltd, the Operator, has been granted a 12 month extension to the Exclusive Reconnaissance Licence in the Zag Basin onshore Morocco, by the Office National des Hydrocarbures et des Mines (“ONHYM”). The extension is effective from 24 December 2007. Mubadala takes 20pc in Shell’s Algerian ventures
ABU DHABI — Mubadala Development Company (Mubadala) owned subsidiary, Liwa Energy Ltd, has purchased a 20 per cent stake in Shell's current exploration and production ventures in Algeria. Libya to Redefine All Contracts with Oil Companies
The Libyan government says it will review all future contracts with oil companies in a bid to reap more benefit for the country, a senior Libyan government official told Dow Jones Newswires. 
