-- Petrotech prepares for Block Z-6 seismic off Peru US-financed PetroTech Peruana SA is holding two hearings for environmental impact studies in March before beginning a marine seismic survey of Block Z-6's Sechura basin off northern Peru.
-- Norwegian North Sea Statoil ASA is selling its interests in two production licenses at the southern end of the Norwegian continental shelf to Paladin Resources Norge.
-- Peru obtains loan for Camisea project Inter-American Development Bank signed a $5 million loan to the Peruvian government to help fund a $7.2 million project to strengthen state companies monitoring the Camisea natural gas project.
-- Oman announces licensing round Oman, in cooperation with Norway's Petroleum Geo-Services ASA, said Monday that the 2003 licensing round for Gulf of Oman, Blocks 18A, 18B, and 41 will open on Jan. 15 and close July 15.
-- Yukon Canada Southern Petroleum Ltd., Calgary, said all parties in litigation involving Kotaneelee gas field have engaged in serious discussions for several months in an effort to reach a settlement.
-- ConocoPhillips receives approval of Corocoro development plan ConocoPhillips unit Conoco Venezuela CA and its partners received approval Thursday from Venezuela's Ministry of Energy and Mines and Petróleos de Venezuela SA (PDVSA) to proceed with Phase I of Corocoro field development in the Gulf of Paria West off Venezuela.
-- Pakistan planning two power plants Pakistan's National Electric Power Regulatory Authority (NEPRA) has granted a license to TNB Power Dharki Ltd. unit TNB Liberty Power Ltd. for a 235 Mw, combined-cycle electric power plant at Ghotki in Sindh Province.
-- East Timor, Australia give nod to Timor Sea projects Australian officials and the newly independent East Timor have signed the Timor Sea Treaty which covers natural gas to be produced from Bayu-Undan field in the Joint Petroleum Development Area.