News / International
Morocco invests more in petroleum exploration
Morocco sharply increased spending on petroleum exploration last year compared to 2005 and registered two natural gas discoveries, the government said Wednesday. China finds ‘world scale’ oilfield
China's biggest oil producer says it has discovered a massive new offshore oil field that could become the country's largest domestic petroleum source in a decade. Statoil Completes First Hassi Mouina Well
Statoil and Sonatrach have completed and tested its first onshore exploration and appraisal well in the Hassi Mouina license in the Sahara Desert, Algeria. The companies are now underway with the drilling of license well number two. SK to build $624m Kuwait plant
State-owned Kuwait Oil Company (KOC) signed a $624.6 million deal with South Korea's SK Engineering & Construction today to build an oil and gas gathering centre in the Gulf state's northern Sabriya field. Gazprom Signs PSA for Libyan Offshore Hydrocarbon Block
Russian natural gas giant OAO Gazprom (GSPBEX.RS) has signed an agreement to explore and develop Libya's offshore hydrocarbon block No. 19, Gazprom said in a statement Monday. OMV achieves its third gas discovery in Pakistan
OMV announced a discovery and successful testing of gas in its Latif 1 exploration well in the Latif Exploration Block in Northern Sindh province/Pakistan. This is an additional discovery in an area where OMV has discovered two major gas fields before, Miano and Sawan, which were brought on stream in 2001 and 2003. Venezuela signs oil deal with China
Venezuela has signed deals to supply oil to China as part of a drive by Hugo Chavez, the south American nation's president, to break his dependence on energy exports to the United States. Yemeni workers attack LNG facility
Hundreds of rioting workers damaged a liquefied natural gas export terminal being built in south-eastern Yemen and set fire to cars and a helicopter belonging to the facility, security sources said. 
