News / International

Morocco to invest $10B in energy projects

Morocco, the only North African state without oil of its own, plans to invest 90 billion dirhams ($10.29 billion) in projects across the energy spectrum, its energy minister said.

Weak demand for gas may persist into 2010, says ExxonMobil chief

Current weak demand for gas may persist into 2010, but Qatar liquefied natural gas is well positioned to deal with the situation, ExxonMobil Corporation Chairman and CEO said.

BP makes seventeenth oil discovery in the Ultra-deep Water Block 31 Angola

Sonangol, Sociedade Nacional de Combustíveis de Angola and BP Exploration (Angola) Limited today announced the Leda oil discovery in ultra-deepwater Block 31, offshore Angola.

Libya delays oil profit redistribution

Libya's people's congresses, the country's highest authority, have voted to delay Muammar Gaddafi's plan to disband the government and give oil money directly to the people, according to a tally published.

Petrofac awarded Karan contract by Saudi Aramco

Petrofac, the international oil & gas facilities service provider, has been awarded an engineering procurement and construction (EPC) contract for Saudi Aramco's Karan utilities and cogeneration package.

Iran crude revenues to reach USD 70 bln

Iranian crude revenues are to come to an estimated USD 70 billion this year, said Iranian Oil Minister Assistant for planning Affairs Akbar Torkan.

Ramco Energy and Iraqi government sign historic oil services joint venture agreement

Ramco Energy plc, the Aberdeen-based energy investment company, announces that its associated company MPC and the Iraqi Drilling Company ("IDC") the Iraqi state-owned drilling company have signed a joint venture ("JV") agreement.

GTSC announce plans for first Middle East training Well

Gulf Technical and Safety Training Centre (GTSC), a subsidiary of AlMansoori Specialised Engineering, has announced major expansion plans for its Mussaffah base in Abu Dhabi with the Middle East’s first fully operational training well due to be launched in March. GTSC has already experienced significant interest in the related courses, with 50 delegates signed up.

RWE Dea announces two new gas discoveries in Algeria’s Sahara Desert

RWE Dea has made two new gas discoveries in Algeria’s Sahara desert, in the Reggane and Ahnet basins.

UK’s Mesopotamia forms first drilling JV in Iraq since 2003

Midmar Energy has announced its international expansion with the signature of a joint venture agreement between its associate company, Mesopotamia Petroleum Company ("MPC") and the Iraqi Drilling Company ("IDC") (the Iraqi state-owned drilling company) in Baghdad.

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