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Bapco strike hits fuel supply, LNG imports could plug Japan supply gap, Government wants Shell gas JV review

Kingdom tries to avoid oil reaching the giddy heights that could further unsettle the global economy

The Abu Dhabi government-owned International Petroleum Investment Company (Ipic) has offered to acquire from France’s Total the entire share capital it does not already own in Spain’s Compañía Española de Petróleos (Cepsa).

The Kurdistan regional and Iraqi federal governments have reached a temporary agreement on the export of oil from the Kurdistan region. But a resolution could yet be blocked in Baghdad where oil policy is still going nowhere

On 5 February, Kuwait Energy Company (KEC) issued its Q4 2010 activities report announcing unaudited earnings before interest, taxes, depreciation and amortisation of $36.4m.

The international upstream arm of state-owned Kuwait Petroleum Company (KPC) has a mandate to increase its reserves and production mainly through acquisitions across Africa and elsewhere. Kuwait Foreign Petroleum Exploration Company (Kufpec) senior international business analyst Shayma Abdullah Amin told GSN on 30 November in Marrakech that it was looking for “development and producing assets.

Uncertainty over Kurdistan’s production-sharing agreements as the weakness of its negotiating position is exposed in process of government formation

Syria plans to launch its delayed offshore licensing for oil and gas contracts in 2011. The round, which was due this year, was announced by oil minister Sufian Alao at the Organisation of Arab Petroleum Exporting Countries in Damascus on 22 November.

Canada’s denial of extra landing rights for United Arab Emirates national carriers Emirates Airlines and Etihad Airways after five years of negotiations has strained relations. The UAE responded in October by forcing Canada to close a military base in Dubai that was part of a key supply route to Afghanistan, denying a plane carrying Canadian defence minister Peter MacKay, who was flying from Afghanistan, airspace over the UAE and causing it to take a long detour.

The Saudi authorities have convinced all four foreign ventures to continue drilling for gas in the Rub Al-Khali (Empty Quarter) until at least 2012, despite mainly disappointing results from the 26 wells drilled so far, industry publication Petroleum Intelligence Weekly (PIW) reported.

Government and company officials used the early November Abu Dhabi International Petroleum Exhibition and Conference (Adipec) to emphasise that plans to raise crude output to 3.5m b/d by 2017 (from 2.8m b/d now) have moved forward with orders for several major onshore and offshore projects.

Another US company has signed up for exploration acreage in the Kurdistan Regional Government region, following Marathon Oil Corporation’s deal in October which made it the first publicly traded US company to operate in the KRG zone (GSN 888/10). El Dorado, Arkansas-based Murphy Oil Corporation has been awarded a 50% operating interest in the 619km2 Central Dohuk Block, near the Turkish border. The acreage is “on trend with recent exploration drilling”, chief executive David Wood told a Q3 10 earnings call.

In the wake of US and EU sanctions imposed earlier in the year, Iranian oil companies are struggling for business internationally as well as domestically, highlighted by the recent closure of the BP-Iranian Oil Company joint venture-operated Rhum natural gas field in the UK’s North Sea

Qatar will start supplying Dubai with liquefied natural gas in 2011, once the Qatargas 4 project is completed, Qatar Petroleum (QP) gas development manager Khalid Mohammed Al-Hitmi told GSN. Qatargas 4 is a joint venture between

Although Iraq has not had a fully legitimate government for more than seven months, the outgoing administration has pushed ahead with key oil and gas field licensing agreements in the face of considerable opposition. Shell’s much opposed agreement to