News / International
Gazprom to reduce gas supplies to Belarus unless bill is paid
In the latest of its many disputes over payments with neighboring countries, the Russian energy giant Gazprom said that it would reduce natural gas supplies to Belarus starting this Friday, unless the former Soviet state paid an outstanding gas bill of $456 million before that time. Aabar sells drilling services unit to focus on E&P
Aabar Petroleum has reached an agreement with GulfCap Group for the sale of its wholly owned drilling services subsidiary, Dalma Energy LLC, for a debt free cash adjusted enterprise value of approximately US$446 million (subject to working capital adjustments) following a strategic review of Aabar’s activities. Aramco plans to add half million bpd to output capacity
State oil giant Saudi Aramco said that it expects to add half-a-million barrels per day (bpd) of crude to its maximum production capacity of 10.8 million bpd next December. Devon begins production at Polvo Field Offshore Brazil
Devon Energy has commenced production from its Polvo oil field in Brazil. Polvo was discovered in 2004. It is located on block BM-C-8 in the Campos Basin offshore Rio de Janeiro in approximately 300 feet of water. Gross production is expected to peak by the end of 2008 at approximately 50,000 barrels of oil per day. Repsol, Sonatrach, RWE Dea and Edison announce a new gas discovery in Algeria
The Repsol YPF, Sonatrach, RWE Dea and Edison International consortium announces the discovery of gas from a deep well with a depth of 5,116 meters in the Reggane North region, Block 351c and 352. Gulfsands successfully tests Khurbet East discovery
Gulfsands Petroleum has successfully drilled and tested the first appraisal well on the Group's Khurbet East discovery on Block 26 in Syria, the Khurbet East – 2 (KHE-2) well. An open-hole drill-stem test produced oil to surface at rates up to 1,085 barrels of oil per day (bopd). Eni contract for Kazakhstan oilfield threatened
Kazakhstan threatened to re-examine its contract with Italy's Eni to develop the Kashagan oilfield, one of the world's largest, following a new delay to its launch. CNPC takes Sudan block
Sudan has signed a deal with China National Petroleum Corporation to take a majority stake in Block 13 in the Red Sea. CNPC has a 40% stake, 15% for both Indonesian state company and Sudanese state oil outfit Sudapet. 
