News / International
Power cut closes down Iraq’s biggest oil refinery
Baiji: A power cut shut down operations at Iraq's largest oil refinery on Sunday, officials at the plant said, adding it was unclear when work would resume. Taqa eyes UK’s North Sea fields
The Abu Dhabi National Energy Company Taqa is in talks to buy stakes in several of the United Kingdom's North Sea oil and gas fields from Royal Dutch Shell and ExxonMobil Corporation, through its wholly owned subsidiary Taqa Bratani, Taqa said yesterday in a statement. LUKOIL Acquires New Hydrocarbon Assets in Uzbekistan
LUKOIL Overseas (OAO LUKOIL’s 100% subsidiary) has completed a transaction with ZAO MGNK-SoyuzNefteGaz to acquire 100% of SNG Holdings Ltd. group, one of which is SoyuzNefteGaz Vostok Limited, a signatory to the Production Sharing Agreement (PSA) on the South-Western Gissar and Ustyurt Region fields in the Republic of Uzbekistan. Gulf Keystone Announces Start of Seismic Acquisition Programme in Kurdistan
Gulf Keystone Petroleum Limited (AIM: GKP) announces that its subsidiary Gulf Keystone Petroleum International Limited ("GKPL") in partnership with Kalegran Ltd ("Kalegran"), a subsidiary of MOL Hungarian Oil and Gas Public Limited Company ("MOL") and Texas Keystone Inc. ("Texas Keystone"), has commenced seismic acquisition in Kurdistan. Oilex Will Test Sarha-1 Well
Oilex Ltd has confirmed that preparations are underway to conduct Drill Stem Test #3 of the Lower Gharif Formation in the Sarha-1 well located in Exploration and Production Sharing Agreement Block 56, Oman. Oil hits record above $105 on dollar, OPEC, supply
Oil hit a record high above $105 on Thursday as a weak dollar helped prices to extend the previous day's gains, which were prompted by a drop in U.S. oil inventories and OPEC's decision to keep output unchanged. Mena countries flare natural gas worth $10b every year
Doha: Middle Eastern and North African (Mena) countries are flaring natural gas worth as much as $10 billion every year, a World Bank body said on Wednesday.
OAPEC: 20% shrink in International oil investment
Oil ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) said that international investment in petroleum has shrank by 20 percent due to the global financial crisis. 
