News / International

Adnoc to invest $7b in gas liquids program

Abu Dhabi National Oil Company (Adnoc) is planning to invest more than $7 billion by 2009 to expand its natural gas liquids production, a top official said yesterday.

Adnoc arm in talks to bring bio-fuel cars into the UAE

Adnoc Distribution, the retail arm of Abu Dhabi National Oil Company (Adnoc), has began talking to vehicle manufacturers of bio-fuel vehicles that run on both natural gas and petrol to encourage them to supply these models to the UAE market

Repsol discovers major Libyan oilfield

Spanish-Argentine oil producer Repsol YPF said Tuesday it had discovered a major oil field in Libya with a capacity of 474 million barrels, and had sought permission from the Libyan authorities to develop the resource.

Venezuela’s Chavez decrees takeover of foreign oil operations in Orinoco

President Hugo Chavez ordered by decree the takeover of oil projects run by foreign oil companies in Venezuela's Orinoco River region.

Iraqi Cabinet approves draft oil law

The Iraqi Cabinet approved a long-awaited draft oil law on Monday, sending it to parliament for consideration, the prime minister said, calling the agreement "another founding stone in state-building."

Petrobras, Gazprom sign gas agreement

The state-run oil companies of Brazil and Russia signed a memorandum of understanding Saturday to identify possible areas of cooperation on natural gas projects.

Saudi Aramco Makes New Oil Find Near Ghawar

Saudi Aramco, the world's largest state-run oil company, discovered a new oilfield in the Persian Gulf kingdom, the official Saudi Press Agency reported today, citing the country's oil minister, Ali al-Naimi.

Luksar Discovered Hydrocarbons in Saudi Arabia

Followed the results of deep exploration drilling on Tukhman structure, Contract area Block A in Saudi Arabia LUKSAR discovered hydrocarbon accumulations.

Kuwait National’s refinery plan hits cost hurdle

Kuwait City: Kuwait National Petroleum Co (KNPC) said yesterday its plan to build a 615,000 barrels per day refinery by 2010 has hit a snag as international firms have proposed much higher prices than expected to carry out the work.

GAC seals deal for BG’s LNG services

GAC has been appointed as the provider of hub agency services for the liquid natural gas (LNG) fleet of BG LNG Services, a subsidiary of BG Group, reported the Gulf News.

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