SONATRACH AND RUSSIAS TNK-BP are both interested in BPs Algerian assets, and TNK-BP could offer the Algerian state oil company a swap to obtain them, Russias Energy Minister Sergei Shmatko said recently.

OPEC HAVE AGREED to maintain its current 24,845 mn bpd crude production target and to meet next in Quito, Ecuador, on December 11, ministers said.

DANA HAS BEGUN drilling the Cormoran-1 exploration well offshore Mauritania, West Africa, just two kilometres southeast of Danas existing Pelican-1 discovery.p style="margin-bottom: 0cm;">DANA HAS BEGUN drilling the Cormoran-1 exploration well offshore Mauritania, West Africa, just two kilometres southeast of Danas existing Pelican-1 discovery.

CHEVRON, OCCIDENTAL AND Woodside are among a string of companies that have not extended their five-year oil and gas licenses in Libya.p style="margin-bottom: 0cm; font-weight: normal;">CHEVRON, OCCIDENTAL AND Woodside are among a string of companies that have not extended their five-year oil and gas licenses in Libya.