News / International
Major Subsea Wins for Hydro Group plc
Aberdeen based Hydro Group plc, a global solutions provider of optical and electrical products in the subsea technology industry, has secured two major contract wins worth a significant six figure sum, with international diving technology company Divex, the industry leader in the design, supply, manufacture, research and development of diving and subsea equipment technologies for commercial, professional and defence divers worldwide. Business as usual for Medvedev
Russia's next president Dmitry Medvedev - Russian gas giant Gazprom's chairman - pledged to uphold Vladimir Putin's policies today after a big election win that critics are claiming was stage-managed to let the outgoing Kremlin leader keep his grip on power. Dana Gas and Emarat Sign JV Agreement for Hamriyah Gas Pipeline Project
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, and Emirates General Petroleum Corporation (Emarat), have agreed to form a joint venture to own, manage and operate the Middle East first common user gas pipeline, which will be completed in March this year. Libya Nets $40 Billion in Oil Revenues in 2007
Libya received almost 40 bln usd in oil revenues in 2007, slightly above the 2006 total, thanks to the rise in oil prices in 2006 and 2007, said Chokri Ghanem, president of the Libyan National Oil Co (NOC). Nexen Announces Development Approval for the Usan Project, Offshore Nigeria
Nexen announced today that development of the Usan field, offshore Nigeria has received all necessary approvals to proceed. The Usan field was discovered in 2002 and is located approximately 100 kilometers offshore in water depths ranging from 750 to 850 meters. Oilex Discovers Oil During Sarha-1 Test Program
Oilex Ltd reported that oil has been recovered at the surface in cased hole Drill Stem Test (DST) #2 of the Al Khlata Sandstone in the Sarha-1 well located in Exploration and Production Sharing Agreement Block 56, Oman. PGNiG Signs an Agreement with Libyan NOC
Polish Oil&Gas Company-Libya B.V. (POGC-Libya B.V.), a subsidiary of PGNiG S.A., signed the Exploration and Production Sparing Agreement (EPSA) with the Libyan state-owned National Oil Corporation (NOC). Dana Gas and Ikarus Petroleum enter into Strategic Alliance
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced the signing of a Memorandum of Understanding (MoU) with Ikarus Petroleum Industries, a major Kuwaiti established company with ownership in several petrochemical ventures in the GCC states. 
