News / International
Petrogas to develop Oman oilfield cluster
Muscat: Petroleum Development Oman (PDO) has awarded a contract to Petrogas Rima (Petrogas) to develop a cluster of 18 small oil fields in the Rima area of south Oman, according to a company statement. Emerald Snags Approval for Development of Khurbet East Field in Syria
Emerald Energy Plc reports that the Syrian Ministry of Oil and Mineral Resources and the Syrian Petroleum Company have granted approval for commercial development of the Khurbet East Field in Block 26, Syria. Saudi Arabia and Kuwait to hike Neutral Zone capacity
Kuwait City: Kuwait and Saudi Arabia are on track to boost oil output capacity in the shared Neutral Zone between the two countries by 50,000 barrels a day by 2009, a Kuwaiti official said on Monday. RWE 6th Partner in Nabucco Gas Pipeline Project
German utility RWE AG (RWE.XE) is the sixth partner in the $7.4 billion Nabucco gas pipeline project, Nabucco Gas Pipeline International GmbH said late Tuesday. Soco farewells Yemen in $465m sale
London-listed Soco International is selling its interests in the East Shabwa development area in Yemen to China’s Sinochem Petroleum for $465 million. BP racks up Block 31 bounty
UK supermajor BP has made a 15th find - the Portia subsalt oil discovery - at Block 31, in Angola's ultra deep-water play. 2007 a Giant Year for ExxonMobil
"ExxonMobil's full year 2007 net income and earnings excluding special items were a record $40,610 million ($7.28 per share), reflecting strong results in all business segments," said ExxonMobil Chairman Rex Tillerson. "We continued to supply crude oil and natural gas volumes to meet the world's energy needs through disciplined development and operation of our globally diverse resource base. Opec sticks with status quo
Opec agreed to keep oil supplies unchanged despite worries that $90-a-barrel crude is causing difficulty for slowing economies in the West. 
