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Gulfsands knocks back bid

19 March 2010 04:28 GMT

Syria-focused explorer Gulfsands Petroleum today rejected an unsolicited takeover approach, which a source familiar with the situation said was from an Indian company, adding the player was not Oil & Natural Gas Corporation (ONGC).

Opec opts for a rollover

Opec ministers have agreed to leave oil output targets unchanged, with an Opec delegate telling waiting reporters the decision was a "rollover".

Tehran plans $200bn oil spend

Iran is seeking $200 billion in oil, gas and refining investments over five years to avoid a production decline, the country's oil minister said today.

Shahristani eyes Tawke restart

Iraqi Oil Minister Hussain Shahristani today raised the prospect of a prompt restart of oil exports from the Tawke field in Kurdistan.

Pakistan seals peace pipe deal

Pakistan has signed a deal with Iran paving the way for the construction of the much-delayed "peace pipeline", officials said today.

'No need to boost supply'

Global oil demand will increase by about 1 million barrels per day by the second half of the year, Saudi Arabian Oil Minister Ali Naimi said today, ahead of Opec's meeting in Vienna, adding that despite this the producers' group saw no need to boost supply.

Taqa unveils $1.4bn spend

Abu Dhabi National Energy Company, the emirate’s state-run utility known as Taqa, plans to spend $1.4 billion developing assets this year and will finance investments using cash at hand, general manager Carl Sheldon said.

Gazprom spuds Algerian wildcat

Russian energy giant Gazprom spud its first exploration well in the Berkine basin in Algeria.

Algeria asks producers to cut gas output

Algeria will ask other major gas exporters to stop flooding markets with spot gas deliveries when they meet next month, Algerian energy minister Chakib Khelil said today.

Maersk finshes up al-Shaheen work

Denmark's Maersk has completed the expansion of Qatar's al-Shaheen oilfield and was expected to complete testing of the new platforms by the end of the first-quarter, the company said in statement today.

Yemen steps up security at oil installations

Yemen has stepped up security at oil and coastal facilities to prevent revenge attacks, the Interior Ministry said today, days after government strikes against suspected al Qaeda positions.

Transocean charts ExxonMobil course

US supermajor ExxonMobil has lined up the newbuild Transocean drillship Deepwater Champion for work in the Turkish sector of the Black Sea, with the five-year contract's value being pegged at up to $1.18 billion.

Kuwait's Sabah faces no confidence vote

A number of Kuwaiti lawmakers have requested a no-confidence vote against the Gulf Arab state's oil minister in his capacity as information minister, the parliament's speaker said today.

Khafji bids roll in

15 March 2010 12:58 GMT

Gulf Keystone cashes up

15 March 2010 09:17 GMT

Oman boosts oil flows

15 March 2010 02:12 GMT

Khatibi plays down Opec oversupply

08 March 2010 04:52 GMT

'Opec output unchanged'

16 March 2010 06:21 GMT

Iran sees no need for Opec change

15 March 2010 01:59 GMT

DME sees Gulf pricing shift

10 March 2010 02:05 GMT

Naimi flags up growing oil thirst

16 March 2010 11:32 GMT

Done deal for Missan

09 March 2010 02:35 GMT

Iran pumps up exports by 35%

08 March 2010 13:06 GMT

ADNOC eyes 50% boost to drilling

08 March 2010 12:55 GMT

‘Al Jaber wins Shah work’

08 March 2010 02:39 GMT

Dana doubles up in Egypt

08 March 2010 01:59 GMT

CNOOC close to Missan deal

05 March 2010 07:02 GMT

Iran wants Opec ceiling unchanged

15 March 2010 08:41 GMT
americas

OSX raises $1.58bn as IPO fizzles

OSX Brasil raised 2.82 billion reais ($1.58 billion) in its initial public offering yesterday, less than expected and a setback to billionaire Eike Batista, who controls the start-up shipbuilding and oil services provider.

europe

Songa files for bankruptcy

Norwegian company Songa Floating Production has filed for bankruptcy after its attempts to raise cash to service its debts failed.

africa

Jonathan names his team

Nigeria's Acting President Goodluck Jonathan will send a list of ministerial nominees for Senate approval by early next week and is likely to reappoint around half of the Cabinet, according to reports.

FSU & Russia

'No Kovykta pay-out for TNK-BP'

TNK-BP will not be compensated for its investment at the Kovykta gas field should its licence be revoked, Natural Resources & Environment Minister Yuri Trutnev said.

asia & oceania

Hoki repairs to take longer

Australia’s AWE said today that repair work on the semi-submersible Kan Tan IV would take longer than expected, further delaying drilling of the Hoki-1 well off New Zealand.

Regions

Songa files for bankruptcy

Norwegian company Songa Floating Production has filed for bankruptcy after its attempts to raise cash to service its debts failed.

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