News / International

UAE’s crude production falls 18% in November

Abu Dhabi: The UAE's crude oil output fell by more than 18 per cent in November, mainly due to maintenance being conducted on some offshore fields, the Organisation of Petroleum Exporting Countries (Opec) said in its market report for December.

Russia likely to delay oil pipeline to China

Moscow: Russia may delay the launch of its first oil pipeline to China for a year to September 2009, Interfax news agency quoted a source as saying on Friday.

TransGlobe Energy Reports 34% Increase in Production

TransGlobe Energy's mid-quarter production and operating update boasts a 34% increase in production over the third quarter.

GASCO awards EPC contract for replacement of NGL network

Abu Dhabi Gas Industries Ltd. (GASCO) has announced the award of the contract for Engineering, Procurement, Construction and Commissioning works (EPC) for building its new Natural Gas Liquid (NGL) Pipelines Network to replace the existing Network to M/s Dodsal Engineering and Construction Pte. Ltd. at a lump sum price of United Arab Emirates AED 560 million.

Calvalley Spuds and Drills, Discovers Gas and Oil in Yemen

Calvalley has completed drilling and has commenced testing of the Malik 1 exploration well on Block 9 in the Republic of Yemen.

ConocoPhillips & Qatar Petroleum Sign Global Energy Deal

ConocoPhillips and Qatar Petroleum International, a wholly-owned subsidiary of Qatar's state-owned company, Qatar Petroleum, have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Qatar.

Petro-Canada, Libya’s NOC To Ink 30-Year Agreements

Petro-Canada (PCZ) signed a 30-year exploration and development agreement with Libya's National Oil Corp. to jointly redevelop major oil fields and exploration programs in the Sirte Basin.

Abu Dhabi to pump Dh100bn into oil sector

Abu Dhabi is set to pump about Dh100 billion into projects in the oil sector in the next five years as it pushes ahead with plans to boost crude output and expand its oil-related industry.

Shell & Oxy on Short List for $10B Abu Dhabi Sour Gas Project

Royal Dutch Shell PLC (RDSA.LN) and Los Angeles-based Occidental Petroleum Corp. (OXY) are the final contenders for a $10-billion project to develop sour gas reserves in Abu Dhabi, o be awarded within two weeks, people familiar with the project said Wednesday.

Iran revives Salman gas deal

The National Iranian Offshore Oil Company (NIOC) expects to start supplying natural gas to Dana Gas shareholder Crescent Petroleum by September next year, ending a two-year delay, according to local media.

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