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Abraaj Capital and Kuwait Energy Sign Investment Agreement
Abraaj Capital and Kuwait Energy Sign Investment Agreement Kuwait >> 4/10/2012 - Abraaj Capital, a leading private equity manager investing in high growth markets, and Kuwait Energy, one of the fastest growing independent upstream oil and gas exploration and production companies i...
Four Banks in Financial Services Bid for Sohar Refinery
Oman >> 4/10/2012 - Four international banks are reported to have been shortlisted to participate in a bid to provide financial advisory services to Oman Oil Refineries & Petroleum Industries Company (ORPIC) linked to th...
Emirate Discussion Alternative Routes for Oil Exports
Kuwait >> 4/9/2012 - Kuwait is mulling "many scenarios" in case the strategic Strait of Hormuz is closed, disrupting its vital oil exports, a top official said. "We are discussing many scenarios but we have not decided wh...
Iraq Says OPEC Seeking World Oil Price Balance
Iraq Says OPEC Seeking World Oil Price Balance Iraq >> 4/9/2012 - OPEC is seeking a balance in world oil prices, but political instability rather than production issues are affecting the market price, Iraq's oil minister Abdul Kareem Luaibi said. ...
OOCEP to Invest in Yemen Oil Exploration, Production
Yemen >> 4/5/2012 - Oman Oil Company Exploration and Production (OOCEP) expressed here on its desire to invest in Yemen in oil exploration and production area. ...
Iraq's Shahristani Says Kurdish Oil Halt Hurts Budget
Iraq >> 4/2/2012 - Iraq's Deputy Prime Minister for Energy Hussain al-Shahristani accused Iraqi Kurdistan of damaging the country's budget by halting its oil exports in the latest clash in a long-running dispute between...
Iraqi Kurdistan Halts Oil Exports over Pay Dispute
Iraq >> 4/1/2012 - Iraq's autonomous Kurdistan region halted its oil exports, accusing the central government in Baghdad of failing to make payments to companies working there in the latest clash in their long-running d...
OPEC Output at New High in March, Despite Iran Drop
OPEC Output at New High in March, Despite Iran Drop Iraq >> 3/30/2012 - OPEC oil output has risen in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya's production offset a drop in shipments from Iran, a Reuters survey found....
Financial Statements of Wentworth Resources for 2011
Tanzania >> 3/29/2012 - Wentworth Resources Limited, East Africa-focused oil & gas company, releases its audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2011...
Saudi Oil Min Blasts High Prices, Offers No Action
Saudi Oil Min Blasts High Prices, Offers No Action Saudi Arabia >> 3/28/2012 - Saudi Oil Minister Ali al-Naimi blasted "irrationally" high oil prices in a rare opinion piece in the Financial Times, but offered no sign that the kingdom was moving to boost output. ...
Iraq Approves $560 Million for Kurdish Oil Payments
Iraq >> 3/27/2012 - Iraq's central government has approved payment of close to $560 million to oil producers in the autonomous Kurdish region, its finance minister said, after Kurdish authorities threatened to halt expor...
Iraq's Kurdish Region Threatens Oil Export Halt
Iraq's Kurdish Region Threatens Oil Export Halt Iraq >> 3/26/2012 - Iraq's Kurdistan regional government (KRG) threatened to stop oil exports in a month if Baghdad continues to withhold payment from producers, the latest clash in a long-running feud over control of th...
Iraq Oil Exports, Revenues Decline in February
Iraq >> 3/25/2012 - Iraq's oil ministry says oil exports in January have declined by nearly 4.5 per cent compared to the previous month. Sunday's statement says last month's oil exports averaged 2.0137 million barrels pe...
Israeli Field Partners Seek Gas Sale to Gazprom
Israeli Field Partners Seek Gas Sale to Gazprom Syria >> 3/22/2012 - The partners in a huge offshore-Israeli gas field development will begin talks about selling 2 million to 3 million tonnes a year of liquefied natural gas to a subsidiary of Russia's Gazprom for 15-20...
Saudi Oil Exports up 143,000 to 9.9m bpd in January
Saudi Arabia >> 3/19/2012 - Saudi Arabian oil exports rose 143,000 barrels per day (bpd) in January on the month, according to government data published Sunday, as the world's leading crude seller increased supplies to the Unite...
Iraq Approves Hormuz Oil Exports Contingency Plan
Iraq >> 3/18/2012 - Iraq has approved a plan to expand its oil export routes by adding capacity from its northern fields and building a pipeline to ship oil from southern fields to Ceyhan in Turkey, a government spokesma...
Saudi Oil Shipments to US Rise
Saudi Oil Shipments to US Rise Saudi Arabia >> 3/16/2012 - Saudi Arabia is preparing to extend this year's unexpected jump in oil sales to the United States, adding to speculation about the response of the world's top oil exporter to sanctions against Iran an...
Wintershall with Record Profit
Germany >> 3/15/2012 - Germany’s largest producer of crude oil and natural gas with operations worldwide, Wintershall, passed the billion-euro mark with its annual net income for the first time in the company’s over 100-yea...
Excalibur Ordered to Lodge GKP Claim Costs
United Kingdom >> 3/15/2012 - The English Commercial Court in London ordered Excalibur Ventures LLC (Excalibur) to make a payment of £6,000,000 into Court within 21 days as security for the costs of Gulf Keystone and two of its su...
UAE's TAQA Sees 2012 Capex at $2.0-2.2 Bln
UAE's TAQA Sees 2012 Capex at $2.0-2.2 Bln United Arab Emirates >> 3/14/2012 - Abu Dhabi National Energy Co (TAQA) expects to increase capital spending to between $2.0 billion to $2.2 billion this year as it pushes ahead with expansion plans. TAQA, which is 75-percent owned by t...

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