News / International
First Drilling and Testing Completed in Libra Area Offshore Brazil
Petrobras announces that the Libra Consortium has drilled and tested the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), known as NW1. Located in the Northwest portion of the Libra block, which sits in the Santos Basin pre-salt, the well is approximately 4 km southeast of the discovery well 2-ANP-2A-RJS, and 185 km off the Rio de Janeiro coast.
Slight Decline Expected in Saudi 2015 LPG Exports
Saudi Arabia’s LPG exports for 2015 are expected to be steady to slightly lower than last year, as rising demand from domestic petrochemical plants is countered by increasing production from oilfield upgrades, a source familiar with the matter said Wednesday, February 11.
Rouhani Pledges to Boost Iran’s Gas Production
Iran’s President Hassan Rouhani says the country will soon increase its natural gas production by another 100 mcm/d.
Kuwait Oil Spending Plans Oblivious of Prices
Kuwait plans to spend of more than KD34 billion ($116 billion) on projects in a new five-year development plan in spite of the recent slump in oil prices, a report said.
Qatar on Solar Energy Threashold
Qatar is entering a new era of solar technology with at least one Qatari firm leading the way, according to industry experts.
Abu Dhabi Awards Gas Dehydration Contract to Maire Tecnimont and Archirodon
Maire Tecnimont has, in consortium with Archirodon, received a letter of award for an EPC contract with Abu Dhabi Gas Liquefaction Company Ltd. (ADGAS) for the execution of the Package 1 of the IGD Expansion Project (IGD-E) on Das Island, Abu Dhabi, UAE.
Seplat Aquires Stake in OML 53 and OML 55 in Nigeria
Seplat Petroleum Development Co. Plc has completed stake acquisitions in OML 53 and OML 55 in Nigeria.
Arbitration Win for InterOil in Papua New Guinea Dispute
The International Chamber of Commerce arbitration panel in London has found in favor of InterOil Corp. in its battle with Oil Search Ltd. over preemptive rights in Elk-Antelope gas field in retention licence PRL 15 onshore Papua New Guinea.
