News / International

ExxonMobil to go Exploring in Libya’s Offshore Sirte Basin

ExxonMobil's subsidiary, ExxonMobil Libya Limited, signed a heads of agreement to execute an Exploration and Production Sharing Agreement (EPSA) with Libya's National Oil Corporation to initiate exploration activity offshore Libya in the Sirte Basin.

Oil prices rally after OPEC summit

World oil prices extended gains Monday amid tight crude supplies heading into the northern hemisphere winter, traders said.

Saudi fire death toll rises to 28

A fire that broke out in a gas pipeline near the Hawiyah gas plant in Saudi Arabia yesterday has killed 28 people, Saudi Aramco said.

Iran: Plan to Double Gas Output Talks Resume With UAE

An official at the National Iranian Gas Company (NIGC) said that Iran plans to almost double its natural gas production to 200 billion cubic meters a year by 2012.

Iran to build 3 new petrochemical complexes

TEHRAN - A contract has been inked for the construction of three petrochemical complexes, valued at one billion euros, the deputy petroleum minister for petrochemical affairs announced here on Tuesday.

BP celebrates new Shah Deniz find

UK supermajor BP has made a major gas-condendate discovery at Azerbaijan's Shah Deniz field in the Caspian Sea.

Dolphin Energy invites tender for Taweelah-Fujairah project

Dolphin Energy Limited has issued Invitation to tender‚ documents for the design and build of the Taweelah to Fujairah Gas Pipeline Project. The Taweelah to Fujairah Gas Pipeline (TFP) will be 48 inches in diameter and over 240 kilometres in length -- one of the longest and largest overland pipelines in the UAE.

Kurdistan unveils new oil deals

Iraq's Kurdish region has signed seven new oil and gas contracts with international companies, awarded four more to a new state-owned company and revised the terms of old deals, the Kurdish government said.

Saipem Inks Euro 285 Million Onshore Contract in Algeria

Saipem has been awarded a contract to lay a pipeline for transporting LPG (Liquefied Petroleum Gas) from the central Algerian gas field at Hassi R'mel to the oil export area of Arzew, in northwestern Algeria, on the Mediterranean coast. The contract is worth 285 million euro.

OPEC “basket” price passes 90-dollar mark

OPEC's basket price of crude oil, based on production in 12 different countries has passed the 90-dollar mark for the first time, the cartel said Thursday.

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