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Oil Field Services News

Kuwait Denies Oil Development with Iran
Kuwait >> 8/8/2011 - Assistant Undersecretary of the Ministry of Oil for Technical Affairs Ali Bin Sabt denied news reports circulated recently by some local and international newspapers quoting an official at National Ir...
Iran to launch largest South Pars Phase
Iran >> 8/6/2011 - The biggest phase of South Pars gas field will come on stream in October 2012, Managing director of Pars Oil and Gas Company (POGC), Mousa Souri said. ...
BG Confident of Resolution to Karachaganak Dispute
Kazakhstan >> 7/26/2011 - BG Group is confident of resolving a dispute with Kazakhstan over the Karachaganak gas project before the end of the year, the British oil and gas firm's chief executive said. 'There are intensive neg...
Liberia Marks out New Oil Blocks, Auction Seen Soon
Liberia >> 7/20/2011 - Liberia has marked out 13 new, ultra-deep offshore oil blocks and will soon auction about half of them to international oil firms, the head of the West African country's oil company told Reuters on We...
Libya Cuts Off Italian Oil Company ENI Over Bombing
Libya Cuts Off Italian Oil Company ENI Over Bombing Libya >> 7/15/2011 - Libya's prime minister announced a "total halt" to cooperation with Italy, saying no future deals would be signed with energy group ENI because of Italy's participation in a NATO bombing campaign duri...
Jupiter Receives Approvals for Additional Acreage of Block 31
Kazakhstan >> 7/13/2011 - The Board of Jupiter Energy Limited (JPR) is pleased to advise that the Kazakh Ministry of Oil & Gas has given its approval to an application made by JPR to extend the existing Block 31 acreage of 63....
Sudan's President Bashir Announces Austerity Budget
Sudan's President Bashir Announces Austerity Budget Sudan >> 7/12/2011 - Sudan's President Omar al-Bashir has announced that he will introduce economic austerity measures following South Sudan's secession. Most of Sudan's oil lay in the south and the two countries have not...
Independent South Sudan "Free at Last"
Independent South Sudan Sudan >> 7/10/2011 - Tens of thousands of South Sudanese danced and cheered as their new nation declared independence, a hard-won separation from the north that still leaves simmering issues of disputed borders and oil pa...
China's Hu Promises Strong Ties with South Sudan
China's Hu Promises Strong Ties with South Sudan Sudan >> 7/10/2011 - Chinese President Hu Jintao congratulated South Sudan on its independence, promising strong ties between the two countries as China seeks to retain its access to Sudanese oil supplies. China is a majo...
NIOOC to Finalize Four Development Contracts This Year
Iran >> 7/9/2011 - Managing director of the National Iranian Offshore Oil Company (NIOOC), Mahmoud Zirakchianzade says the company will invest about 50 billion dollars in Iranian and shared oil and gas fields in the Per...
Petroneft Resources Updates Operations on Licence 61
Russia >> 7/6/2011 - PetroNeft Resources plc (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations. ...
NISOC Injects 30 Mcm of Gas into Aghajari OilField
Iran >> 7/5/2011 - According to managing director of NISOC, the rate of injected gas into Aghajari reservoir has reached 30 million cubic meters per day. ...
Hermes Datacomms Wins BP Contract Renewal in Iraq
Iraq >> 6/30/2011 - Hermes Data communications Middle East, a key specialist providing Wide Area Network communications to the upstream oil and gas industry, has won a contract to continue providing VSAT communications t...
Sudan to Let Rebels Join Army, South Downplays Oil
Sudan to Let Rebels Join Army, South Downplays Oil Sudan >> 6/29/2011 - Sudan agreed to bring some former rebels into the its army and the south played down a northern threat to shut oil pipelines, as the country's halves scramble to prepare for the south's looming secess...
South Sudan Calls on US to Lift Sanctions
South Sudan Calls on US to Lift Sanctions Sudan >> 6/29/2011 - South Sudan urged the United States to lift sanctions on Sudan ahead of the southern region's independence on July 9 to avoid hitting the new nation's oil-based economy. The south voted to separate fr...
Kuwait Crude Oil Exports to China Jump 62.4 Percent
Kuwait >> 6/27/2011 - Kuwait's crude oil exports to China surged 62.4 percent in May from a year earlier to 966,000 tons, equivalent to around 228, 000 barrels per day (bpd), the latest government data showed. ...
San Leon Morocco Operational Update
Morocco >> 6/24/2011 - San Leon, the AIM-traded oil and gas exploration and development company focusing on projects in Poland, Morocco, Albania and the Atlantic Margin, is pleased to provide the following Operational Updat...
60 Million Barrels of Libyan Oil Available to Market
60 Million Barrels of Libyan Oil Available to Market Libya >> 6/23/2011 - International Energy Agency (IEA) Executive Director Nobuo Tanaka announced that the 28 IEA member countries have agreed to release 60 million barrels of oil in the coming month in response to the ong...
Iraq & Oil Partners Shortlist 5 Firms for W.Qurna 2
Iraq >> 6/21/2011 - Iraq and its partners, Russia's LUKOIL and Norway's Statoil, have shortlisted five companies to compete for the West Qurna Phase Two oilfield development contract, an Iraqi oil official said. The oil ...
First Crude Cargo from Rumaila Field to Dalian Port
Iraq >> 6/21/2011 - On June 17, the super crude carrier Jiuhuashan, carrying the first shipment of 2 million barrels of crude oil from Rumaila Oilfield, arrived at Dalian Port. Half of the oil will be processed at PetroC...

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