News / International
DNO International Provides Operational Update on Activities in the Kurdistan Region of Iraq and Oman
DNO International ASA, the Norwegian oil and gas company, announced today that it has completed drilling of the Peshkabir-1 exploration well in the Kurdistan Region of Iraq and is preparing to test observed oil shows across three potentially producing intervals. Iran oil exports to Germany halted: reports
Iranian oil exports to Germany have stopped and imports of EU products have been reduced as the European Union moves towards a total embargo on Iranian oil, Iranian media reported on Wednesday. Abraaj Capital and Kuwait Energy Sign Strategic Investment Agreement
Abraaj Capital, a leading private equity manager investing in high growth markets, and Kuwait Energy, one of the fastest growing independent upstream oil and gas exploration and production companies in the Middle East, announced an Agreement in which Abraaj Capital's APEF IV Fund would support a strategic investment in Kuwait Energy. UAE oil income to peak at $122 bn in 2012
The UAE's hydrocarbon export earnings are expected to climb to their highest ever level of more than $122 billion in 2012 because of high production and prices, according to the International Monetary Fund (IMF). Oman LNG plans train shutdown for 38 days
Oman LNG, a liquefied natural gas producer in the Gulf, plans to shut a liquefaction plant this month for 38 days of maintenance. Lebanon delays gas tenders, sets up oversight panel
Lebanon is delaying tenders for offshore exploratory drilling as it sets up an oil and gas oversight committee, but seismic tests suggest increasingly large potential gas reserves, Energy and Water Minister Gebran Bassil said. ONGC-Teri JV bags $1-billion Kuwait oil spill clean-up job
Oil and Natural Gas Corporation (ONGC) says its joint venture (JV) company has won a third of the estimated $3-billion global contract to clean the 60 million cubic metres of Kuwait contaminated by the huge oil spills that were a legacy of the retreating Iraqi armies in 1991. Oil Better-Supplied for First Time Since 2009, IEA Says
Oil markets are better-supplied for the first time since 2009 as ''sluggish'' demand and OPEC output at more than a three-year peak eased inventory depletion, according to the International Energy Agency. 
