News / International

Delta Hydrocarbons to Sell Non-Earned Interest in Tunisian Assets

Delta Hydrocarbons B.V. ("Delta"), a Partner with Eurogas International and Atlas Exploration Worldwide Ltd. ("APEX"), in the Joint Venture, has notified Eurogas International and APEX of its desire to sell its non-earned interest under the agreements pertaining to Delta's farm-out on the Sfax Exploration Permit and the Ras El Besh Concession in Tunisia.

Gulfsands Encouraged by Yousefieh Results at Syria’s Block 26

The Company recently undertook a cased-hole production test of the Yousefieh-1 discovery well. The objective of this test was to obtain reservoir and production information additional to that obtained from the open-hole drill-stem test (DST) carried out in November 2008.

ADNOC announces oil production cut

The Abu Dhabi National Oil Company (ADNOC) has announced oil production cut beginning from April 2009. The move is in line with OPEC decision to cut production in a bid to stabilise oil prices on the international market.

OMV not to shelve any of its Middle East projects

Austrian oil and gas group OMV, which reported a 56 percent fall in underlying operating earnings in the fourth quarter earnings for 2008, said none of its projects in the Middle East will be shelved or dropped.

Russia plans new Sakhalin LNG plant

Russia plans to build a second liquefied natural gas plant in its far east region in next few years, a regional governor said, just a week after the Sakhalin-2 project came on stream.

South Korea agrees $3.55bn Iraq deal

South Korea will provide Iraq with $3.55 billion worth of infrastructure in return for oilfield stakes, the South Korean Energy Ministry said.

Total CEO Denies ‘Sealed Deal’ with Iran for South Pars Devt

According to a report from Dow Jones Newswires, Total's Chief Executive Officer has denied that the French oil giant and Iran are signing a deal before the end of March for the next phase of development at the massive South Pars gas field.

Vietnam’s first refinery begins production; set to cut oil imports by a third

Vietnam's very first oil refinery was official inaugurated on Sunday February 23, ending the country's complete and utter reliance on imported fuel - costing it hundreds of millions of dollars every year.

Technip Awarded a Services Contract for a Grassroots Refinery in Iraq

Technip has been awarded by State Company Oil Project (SCOP) a lumpsum contract, worth more than €20 million, for the front-end engineering design (FEED) of a new refinery to be built in Karbala, Iraq.

Italy’s Edison eyes Iraq gas, drilling in Iran

Italian utility Edison is interested in bidding for the two gas fields on offer in Iraq's first oil and gas bidding round, a senior company executive said on.

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