News / International
Shell files lawsuit against Centrica, Repsol on Nigeria Blocks
Anglo-Dutch oil major Royal Dutch Shell PLC (RDSB) Tuesday filed a lawsuit in Abuja Nigeria against three companies over the award of two oil and gas blocks in last week's licensing rounds. DNO ‘set to pump Iraqi crude’
Norwegian oil producer DNO will become the first foreign company in more than three decades to start pumping crude from Iraq into the global market next month, it was reported today. Dana Gas Achieves First Operating Profits
Dana Gas, the Middle East’s first private sector regional natural gas company, has achieved its first quarter of operating profits, with total revenues for the quarter ended 31st March 2007 rising to AED 202 million from 80 days of gas production operations, resulting in Gross Operating Profit of AED 105 million and Cash flow from Operations of AED 68 million, announced the Company in a statement. Iraq missing up to $15 million of oil daily
Between $5-million and $15-million worth of oil a day is unaccounted for in Iraq and could have been siphoned off through corruption or smuggling, The New York Times reported. Russia, Turkmenistan and Kazakhstan clinch gas pipeline deal
Russia, Turkmenistan and Kazakhstan have agreed to build a new natural gas pipeline north from the Caspian Sea.
Sri Lanka Tiger attack costs Shell $700,000
The Sri Lankan unit of Royal Dutch Shell suffered damages of at least $700,000 in an air attack by Tamil Tiger rebels last month. Syria launches tenders for offshore oil, gas exploration
Syria's oil minister announced the launch of tenders for oil and gas exploration in four blocs off the country's coast, state news agency Sana reported. Saudi Arabia aims at boosting NG reserves
Saudi Oil Minister Ali Naimi stated his country intentions to step up exploration to boost its natural gas reserves by around 40% over the next 10 years in order to meet rising domestic demand. 
