News / International
Kuwait increases budget for refinery to $12 billion
Kuwait has doubled the budget for its new 615,000 barrels per day (bpd) Al Zour refinery to $12 billion amid escalating costs for oil and gas projects, its oil minister said. Hellenic hits a new discovery in the Libyan Sirte Basin
Hellenic Petroleum S. A. achieved a new gas discovery in well A1-NC206, which is located in Libya's Sirte Basin. Petrel to operate in Jordan
Petrel Resources, has finalized a Production Sharing Agreement (PSA) on the East Safawi Block in Jordan. The East Safawi Block forms part of the oil and gas prospective Arabian Desert. BP CEO Browne resigns on reports of his personal life
U.K. oil major BP PLC's (BP) Chief Executive John Browne resigned with immediate effect after a U.K. court removed an injunction that barred a newspaper group from publishing stories about his personal life and sexual orientation, BP said in a statement. Japan and Kuwait renew energy partnership
Japan and Kuwait renewed their energy partnership while vowing to work together for stability in Iraq and urge Iran to resolve the crisis over its nuclear ambition. Chavez takes over foreign-controlled oil projects in Venezuela
Venezuelan President Hugo Chavez seized control of the last remaining oil projects in Venezuela controlled by large American and European energy companies. The move to take over the projects, announced in January, is the centerpiece of recent actions aimed at consolidating his government’s control over the economy. Algeria set to be a top LNG exporter by 2011
Algeria, a main liquefied natural gas (LNG) source for Europe and the United States, will expand its output capacity to be a top LNG exporter by 2011, its Energy Minister Chakib Khelil told state radio. Kuwait announces major oil and gas find
The Gulf state of Kuwait has made significant oil and gas discovery in a new oilfield in the north of the country, Oil Minister Sheikh Ali Jarrah al-Sabah announced. 
