News / International
Lukoil Iraq Production Up Inspite of Oil Price Slump
The Russian company says it received a letter from Iraqi authorities to reduce cost in West Qurna-2 field due to slump in oil prices
Oil Sales to Go Through Eastern Firm says Libya’s Recognised Government
Libya's internationally recognised government said on Tuesday that any sales of the country's oil should be arranged through a state firm based in Benghazi under its leadership to prevent fraud.
Iran Keen to Exploit Rift Between Senate and US Oil Companies
The US oil companies taking position against Republican senators who recently wrote a letter warning Iran against a nuclear deal with the US will be rewarded, a senior Iranian oil official says.
Oil Prices Prompt North Sea Operators to Sell Off Assets
The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this decade, is desperately seeking tax relief in Wednesday’s British budget.
Bank Oil Swap Gives Goudron Go Ahead to Update Field Development Plan
LGO Energy has announced that its wholly owned subsidiary, Goudron E&P Limited, has now drawn an initial $11.78 million from the $25 million pre-paid oil swap facility agreement with BNP Paribas to fully fund the planned 2015 development drilling programme in the Goudron Field onshore Trinidad.
ENOC in Bid to Buy Remaining Shares from Dragon Oil
Dragon Oil has been made an undisclosed offer for its entire share capital by fellow Dubai-based Emirates Nation Oil Company (ENOC).
Kuwait Winning Crude Exploration Rights in Pakistan, Iraq
Kuwait Foreign Petroleum Exploration Company K.S.C. (KUFPEC) signed an exploration license and petroleum concession agreement with Pakistan, with the South Asian state awarding the Kuwaiti firm exploration rights in the Paharpur Block in the country
Rosneft Ending Contract for West Navigator Drillship
North Atlantic Drilling Ltd (NADL) has received a notice of termination from Rosneft of the service order for the West Navigator in connection with the Framework Agreement.
