News / International

Shell launches $1.8bn Cove takeover

Anglo-Dutch supermajor Shell announced it had reached an agreement with Cove Energy on the terms of a recommended cash offer which values the latter at 1.12 billion British pound ($1.8 billion).

RWE Dea discovers gas in Norwegian Sea

RWE Dea Norge AS, operator of production licence 435, is in the process of completing the drilling of wildcat well 6507/7-15 S.

Gulf Keystone’s Shaikan-4 Well Test Achieves 24,000 bopd

The Company has completed the testing programme for the Shaikan-4 deep appraisal well, drilled 6 km to the west of the Shaikan-1 discovery well in the Kurdistan Region of Iraq.

OMV quarter up on Libya

Increased output from Libya, recovering from the turmoil of civil unrest, helped Austria's OMV boost production slightly in the first quarter, the company said in a trading statement released on Tuesday.

Yemen LNG returns

Yemen LNG resumed its operations on 21 April after a blast on its feed pipeline at the end of March had stopped production, the Total-run company has announced.

Gulf Capital Plans Healthcare, Oil and Gas Investments, CEO Says

Gulf Capital, an Abu Dhabi-based private-equity company, is planning investments in the health care, food, and oil and gas industries across the Persian Gulf, each worth up to $100 million, a senior executive said.

Petrobras to Invest $500M in Argentina

Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, will invest $500 million in Argentina this year in an effort to boost production, Mines and Energy Minister Edison Lobao said Friday.

DNO International Signs Amended Concession Agreement for the Saleh Area, Offshore Ras Al Khaimah

DNO International ASA, announced that it has signed an amended concession agreement with the Government of the Emirate of Ras Al Khaimah, RAK Gas LLC and Dahan Petroleum Ltd ("Dahan") granting Dahan exploration rights to certain outlying areas of the Saleh concession in exchange for Dahan covering the cost of DNO International's and RAK Gas' participation in such exploration program.

Oman: BP’s Block 61 gas reserves potential seen at 100 TCF

Energy major BP has raised its estimates of the gas reserves potential of its Block 61 concession in central Oman to a staggering 100 trillion cubic feet (TCF).

Iran Discovers Large Light Crude Oilfield

A huge light crude oilfield with considerable reserves has been discovered in southwest Iran, the Mehr News Agency reported on Wednesday.

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