News / International
Novatek profits up 44%
Russia's biggest independent natural gas producer Novatek has raised its net profit attributable to shareholders by more than 44% to $1.9 billion in 2011 from 2010's $1.31 billion. Technip awarded an engineering contract for the Luva field development, offshore Norway
Technip was awarded a lump sum front-end engineering design (FEED) contract by Statoil ASA for the development of the Luva floating platform, offshore Norway, at a water depth of approximately 1,300 meters (4,265 feet). Iraq ‘sets deadline’ for ExxonMobil
Iraq has set a deadline of the next few days for ExxonMobil to explain its position on oil agreements signed with the autonomous Kurdish region, which the central government considers illegal, a government spokesman was reported as saying on Tuesday. Heritage spuds Kurdish wildcat
Jersey-based Heritage Oil has spudded the Miran East-1 exploration well on Miran Block in the Kurdistan region of Iraq. South Sudan plans underwater pipe for oil exports
South Sudan, locked in a row over oil transit fees with neighbour Sudan, said on Wednesday it plans to build a temporary underwater oil pipeline along the Nile as part of a project to deliver crude for export from ports in Kenya and Djibouti. Somalia: Range Resources provides drilling update on Puntland well Shabeel-1
Range Resources has announced that the Shabeel-1 well continues drilling ahead on the Dharoor Block in Puntland, Somalia and is currently at a depth of 2,002 meters. Iran discovers huge oil field in a southern province
Iran has discovered one of its biggest oil fields with high quality crude in a southern province, the semi-official Mehr news agency quoted an official as saying on Saturday. Kosmos Energy announces 2012 capital program with focus on Ghana
Kosmos Energy has announced its 2012 organic capital program, which totals approx. $600 million. Exploration and appraisal activities represent approx. 55 percent of the amount, with development comprising the remaining 45 percent. Over 90 percent of the 2012 program is anticipated to be invested in Ghana. 
