News / International

Qatar buys “major” stake in oil giant Shell

Gas-rich Qatar is ploughing more of its commodity wealth back into the sector with the purchase of a major stake in Royal Dutch Shell, while also reportedly eyeing a chunk of Italian oil major ENI.

Drilling Commenced at Gulf Keystone’s Bakrman Well

Gulf Keystone announced that the Bakrman-1 exploration well spudded on the Akri-Bijeel block in the Kurdistan Region of Iraq on May 7, 2012.

Ngamia-1 well in Kenya Rift Basin discovers further oil

Tullow Oil plc (Tullow) announces that the Ngamia-1 exploration well onshore Kenya in Block 10BB has now been drilled to an intermediate depth of 1,515 metres and the total net oil pay encountered so far has increased to in excess of 100 metres across multiple reservoir zones.

Oil conflict drills $2.4 billion hole in Sudan’s finances

Sudan's dispute with its southern neighbor over oil transit fees has created a 6.5 billion pound ($2.4 billion) gap in the country's public finances and caused exports to plunge 83 percent, the Sudanese finance minister said on Monday.

Statoil signs cooperation agreement with Rosneft

Statoil and Rosneft signed a cooperation agreement. The companies have agreed to jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets.

Total tackles Nigeria gas leak

French oil company Total has begun drilling two relief wells at a gas plant in Nigeria that was shut down last month because of a leak caused by a technical incident, it said on Sunday.

Australia Awards 12 Offshore Exploration Permits

Australia's government on Sunday said it has awarded 12 new petroleum exploration permits for off the coast of Western Australia and Victoria state. Among the eight companies to win the permits--the tender process received 46 bids--are BHP Billiton, Bass Strait Oil Company, WHL Energy and Woodside Petroleum.

Kosmos Energy Announces Teak-4A Results Offshore Ghana

Kosmos Energy announced results from the Teak-4A appraisal well, located in the West Cape Three Points Block, offshore Ghana. Located 6.1 kilometers (3.8 miles) northwest of the Teak-1 discovery well, the Teak-4A well was targeting the stratigraphic extension of the Teak discovery area.

Total awards subsea contract to Aker Solutions

Aker Solutions has been awarded a contract by Total E&P Angola, to deliver seven new subsea tree systems to the Dalia field located offshore Angola. Contract value is approximately NOK 470 million.

Algeria Aims for Energy Law in 2012 – Then Shale

Algeria will amend its hydrocarbons law before the end of the year to attract more foreign investment to help it develop potentially big reserves of non-conventional resources, an adviser to the country's energy minister said on Thursday, according to a Reuters report.

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