News / International
Libya wildcat purrs for Verenex
Canadian explorer Verenex Energy has made its fourth oil find, with the F1-47/02 wildcat well, drilled in Area 47 in Libya's Ghadames basin. Oil prices narrowly mixed after Saudi OPEC comments
Oil prices were narrowly mixed Wednesday after Saudi Oil Minister Ali Al-Nuaimi refused to be drawn over whether OPEC would decide to increase crude output at an upcoming meeting, dealers said. Iran: Gov’t Against Open Market Fuel
Deputy oil minister, Mohammad Reza Nematzadeh, has said the government has no plan to offer gasoline at free market price at least until next March. Dubai to host major energy conference
Global awareness of the significance of energy policy has increased worldwide, a major gathering of energy industry professionals will hear at the International Petroleum Technology Conference (IPTC), held in Dubai next month. GSF cuts rigs adrift in UK merger deal
Offshore drilling giant GlobalSantaFe today said today it would sell two of its deep-water rigs working in the North Sea to allay UK regulators’ antitrust concerns related to its merger with fellow drilling contractor Transocean. Naimi keeps mum over Opec’s next move
Saudi Oil Minister Ali al-Naimi said today the world's top oil exporter had raised output to 9 million barrels per day in line with Opec's 1 November agreement, but offered no clues about the group's next meeting. OMV Signs Agreement With Libya’s National Oil Corp
Austria's OMV AG (OMV.VI) signed an 30-year agreement with the Libyan Oil Corporation, or NOC, revising and upgrading several of its existing petroleum contracts to the newly established EPSA IV contractual framework, OMV said. Oil prices strike record high near 100 dollars
World oil prices surged to a record peak above 99 dollars per barrel on Wednesday on the back of the falling US dollar and tight global crude supplies, traders said. 
