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Zueitina gets 25 more years in Libya

10 February 2012 14:06 GMT

Libya has granted Zueitina Oil another 25 years in concessions to work its operated oilfields in the country which is emerging from decades of rule under late leader Muammar Gaddafi.

Kuwait Energy makes it three in a row

10 February 2012 03:22 GMT

A joint venture led by Kuwait Energy has made a third consecutive oil discovery in the Abu Sennan concession in Egypt.

Statoil in 'West Qurna 2 exit talks'

09 February 2012 10:52 GMT

Statoil has reportedly informed Russian partner Lukoil that it plans to exit the West Qurna 2 oilfield project in Iraq.

Total shifts Iraq focus to Kurdistan

10 February 2012 19:43 GMT

French oil major Total has become the latest oil major to shift the focus of its Iraq ambitions toward the semi-autonomous Kurdistan region, and away from the much larger but economically challenging contracts offered by Baghdad.

Wintershall ramps up in Libya

10 February 2012 17:58 GMT

Wintershall, the second-largest foreign oil firm in Libya before the civil war, has boosted output in the country to three times what it was in the fall, but ageing pipeline infrastructure is limiting its production capacity, according to a report quoting the company’s chief executive.

Premium Content

Iran's NIDC readies drill services tender

08 February 2012 15:51 GMT

Toughened international sanctions against Iran are likely to be put under the spotlight as the country’s national drilling company puts out pre-qualification tenders for a trio of oil and gas services packages.

Saudi Arabia considers Korea crude

08 February 2012 02:20 GMT

Saudi Arabia has given South Korea an assurance that it will “actively consider” providing additional crude supplies to the major gas imported if requested.

Sonatrach eyes $68bn spend

07 February 2012 12:51 GMT

Sonatrach is to pump $68 billion into energy investments in the next four years as it eyes increases in both oil and gas output.

INA pulls foreign staff out of Syria

06 February 2012 15:50 GMT

Croatia's INA has withdrawn most of its foreign staff from Syria over the bloody protests against the rule of President Bashar al-Assad.

Libya sees pre-war output by July

07 February 2012 20:15 GMT

Libya anticipates a return to pre-war oil output of 1.6 million barrels per day in June or July this year, deputy oil minister Omar Shakmak said on Tuesday, according to a report.

Egypt Israel pipeline Egas

Blast hits Egypt-Israel pipeline

06 February 2012 03:51 GMT

An explosion hit a gas pipeline running from Egypt to Israel on Sunday, the latest in a series of attacks on the installation that crosses the increasingly volatile Sinai region, witnesses and state media reported.

Atwood Beacon bags Israeli gig

07 February 2012 19:37 GMT

Atwood Oceanics on Tuesday said Israeli player Shemen Oil & Gas Resources had hired the Houston-based driller’s Atwood Beacon jack-up rig for a project in the Mediterranean Sea.

Iran oil ban no nuclear deterrent

06 February 2012 03:28 GMT

Iran's oil minister said the Islamic state would not retreat from its nuclear programme even if its crude oil exports grind to a halt, the official IRNA news agency reported on Saturday.

Noble in Tanin gas strike

06 February 2012 22:16 GMT

More bad luck for Harvest in Oman

03 February 2012 12:24 GMT

Gulfsands to look beyond Syria

02 February 2012 09:08 GMT

Austria rebuffs IPIC bid for OMV stake

03 February 2012 15:56 GMT

DNO hits Pehkabir pay

02 February 2012 08:57 GMT

Gulfsands hits pay in Syria

31 January 2012 09:08 GMT

DSME wins Kuwait order

31 January 2012 01:58 GMT

Total closing in on Kurdish blocks

30 January 2012 02:51 GMT

Ahmadinejad warns EU will lose out

26 January 2012 15:11 GMT

San Leon completes Moroccan shoot

24 January 2012 08:41 GMT

Embargo won't affect Eni contracts

25 January 2012 21:17 GMT

EU hits Iran with oil ban

23 January 2012 12:04 GMT

Israel refusal thwarts Delek plans

23 January 2012 06:08 GMT

Tethys hits low oil flow in Oman

16 January 2012 08:44 GMT

EU readies Iran oil imports ban

23 January 2012 03:15 GMT

Carrier Hormuz visit incident free

23 January 2012 02:56 GMT

Adnoc signs CNPC deal

18 January 2012 06:02 GMT
americas

'Low' rates seen on $76bn Petrobras rig deal

Petrobras’ monster $76 billion charter deal for 26 yet-to-be-built offshore drilling rigs may have caught the market’s eye, but some have seen the dayrates agreed as surprisingly low.

europe

Total near plateau at Pazflor FPSO

French oil giant Total has revealed its mammoth Pazflor floater in Angola is now yielding more than 200,000 barrels per day, with its chief executive joking that the company’s burgeoning operations in the southern African state were “the Brazil of Angola”.

africa

Tullow quits Ntorya-1 amid deepening plans

Tullow Oil has quit an exploration well in Tanzania which recently saw drilling halted, amid a suggestion the independent’s real interest in the region lies elsewhere.

FSU & Russia

Frac boosts Olgovskoye production

Poland’s Kulczyk Oil Ventures has said it has successfully brought its Olgovskoye-6 well onto production in Ukraine, with flow rates of more than 1.5 million cubic feet per day of natural gas.

asia & oceania

Chevron in Oz recruitment drive

Chevron is launching a major recruitment drive in Australia as it attempts to enlist hundreds of engineers to work on its Wheatstone and Gorgon liquefied natural gas projects in Western Australia.

Regions

Crude falls as IEA cuts demand view

Crude-oil futures prices fell Friday in line with broader market declines as the International Energy Agency cut its estimates for global oil demand this year, a report said.

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