Industry Developments

The ongoing dispute between the central government of Iraq in Baghdad and the Kurdistan Regional Government (KRG) over the legality of contracts signed between the KRG and foreign... 2008-12-08

Houston-based Madagascar Oil has boosted its reserves estimate at the Tsimiroro heavy oil project in Madagascar by 30% to 1.7bn barrels (bbl).

Bulgaria's minister of economy and energy Petar Dimitrov and Egypt's petroleum minister Sameh Fahmi discussed the possibility of Egypt supplying gas to Bulgaria when the two ministers... 2008-12-05

Italian major Eni has declared force majeure on oil production in Nigeria. Eni will shut in between 15-18,000 barrels per day (b/d) of crude oil production following disruption to... 2008-12-04

State-controlled Kuwait Gulf Oil Company (KGOC) has announced plans to invest US$3.6bn over five years to increase production from the Neutral Zone between Kuwait and Saudi Arabia.... 2008-12-03

Italy's Edison has signed an exploration, development and production contract with Egyptian General Petroleum Corporation (EGPC) for the Abu Qir concession.

Total has announced an oil discovery at its Moho-Bilondo licence offshore the Republic of Congo. In a statement the Paris-based major said the Moho Nord Marine-3 well registered... 2008-12-01

Cost fears have reportedly led Saudi Arabian state-controlled oil company Saudi Aramco to cancel a planned redevelopment of the Dammam oilfield. According to a report in Reuters,... 2008-12-01

Following a preliminary agreement between Baghdad and the Kurdistan Regional Government (KRG) to link two oil fields in Kurdistan to the Kirkuk-Ceyhan pipeline, Ashti Hawrami, Kurdistan's... 2008-11-28

Nigeria Liquefied Natural Gas (NLNG) has declared force majeure on LNG exports from its facility on Bonny Island, after Royal Dutch Shell shut the Soku gas plant to repair damage... 2008-11-28