News / International

Shell takes a new step for Libyan LNG

Shell and Libya have set up a new joint operating agreement for their three-year-old liquefied natural gas deal to rejuvenate and upgrade the Marsa El Brega facility in Libya and explore for gas reserves that might sustain a greenfield plant.

Dana takes Block 4 bite

Abu Dhabi-listed Dana Gas said it now officially holds a 10% stake in Block 4, which lies in the Nigeria-Sao Tome & and Príncipe Joint Development Zone, in the Gulf of Guinea.

PTTEP wins double in Algeria

Thailand's state-run producer PTT Exploration & Production (PTTEP) has hit oil and natural gas with the MOM-3 exploration well, drilled on Block 433a, onshore Algeria.

BP ‘takes Peterhead plan to Gulf’

BP is to build a plant similar to the £1 billion (US$1.95 billion) carbon-capture facility originally planned for Peterhead, Scotland, in the United Arab Emirates, Scottish media reported.

Russia secures Bulgaria pipeline

Vladimir Putin, Russia's president, and Bulgarian officials have signed a deal to build a natural gas pipeline between the countries.

Schlumberger Q4 Up to $6.25 Billion Over Previous Year

Schlumberger Limited reported 2007 revenue of $23.28 billion versus $19.23 billion in 2006.

Qatar Petroleum and GdF sign MoU to deepen energy ties

Doha: Qatar Petroleum and Gaz de France (GdF) have signed a key memorandum of understanding envisaging join international operations in the energy sector here yesterday as French President Nicolas Sarkozy began a two-day visit to the country.

Iran oil fund hits $10bn

Iran now has $10 billion in its Oil Stabilisation Fund, which forms part of its foreign reserves, Central Bank governor Tahmasb Mazaheri said, indicating an increase on previously reported figures.

Saudi output steady at 9m bpd

Saudi Arabia is pumping around 9 million barrels per day of crude, steady from December output, a Saudi source said.

Conoco in lead for Abu Dhabi gas deal

ABU DHABI: ConocoPhillips has emerged as the front-runner to participate in a $10 billion, multiyear project to develop the Shah natural-gas field in Abu Dhabi, according to several people familiar with negotiations.

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