News / International

    • Nigeria to Embark on Mini-Refineries Project

      Nigeria to Embark on Mini-Refineries Project

      Wednesday, 25th November 2020

      Nigeria, Africa’s top oil producer, has given the green light to construct a series of mini-plants with the government licensing a total of 40 mini-refineries in an effort to help end its dependency on fuel imports.

    • Wintershall Dea Lays Out Ambitious Climate Change Plan

      Wintershall Dea Lays Out Ambitious Climate Change Plan

      Wednesday, 25th November 2020

      Europe’s leading independent oil and gas company, Wintershall Dea, has announced its ambitious climate change plans with targets of achieving net-zero operations by 2030.

    • Angola Plans to Disassemble NOC Sonangol

      Angola Plans to Disassemble NOC Sonangol

      Wednesday, 25th November 2020

      Angola’s finance minister, Vera Daves de Sousa, has announced plans to start partial disposal of the national oil company (NOC) Sonangol by the end of 2021 or early 2022.

    • Saudi Aramco Completes Issuance of $8 B International Bonds

      Saudi Aramco Completes Issuance of $8 B International Bonds

      Wednesday, 25th November 2020

      Saudi Aramco, the world’s largest oil company, has completed the issuance of $8 billion worth of senior international bonds.

    • Iraq Revises Price Mechanism for 2021 Shipments

      Iraq Revises Price Mechanism for 2021 Shipments

      Tuesday, 24th November 2020

      Iraq’s Oil Marketing Company (SOMO) has introduced a new look pricing mechanism used to compensate buyers for fluctuations in the density of its crude exports, which will commence with shipments in 2021.

    • Iraq Seeks Negotiation with OPEC+ If Cuts Extended 

      Iraq Seeks Negotiation with OPEC+ If Cuts Extended 

      Monday, 23rd November 2020

      Iraq’s Member of the Parliamentary Oil and Energy Committee, Ghalib Muhammad, is seeking to negotiate with the Organization for Petroleum Exporting Countries and its allies (OPEC+) a reduction in Iraq’s percentage of production if the group goes ahead with extending production cuts.

    • ADNOC Announces Discovery of 22 B bbl, Pledges $122 B in Capex

      ADNOC Announces Discovery of 22 B bbl, Pledges $122 B in Capex

      Monday, 23rd November 2020

      Abu Dhabi National Oil Company (ADNOC) announces the discovery of 22 billion barrels of unconventional oil which is made up of unconventional reserves including shale oil as the company pledges $122 billion in capital expenditure (Capex) over the next five years.

    • Acwa Power Set to Raise $1 B in Sukuk Sale

      Acwa Power Set to Raise $1 B in Sukuk Sale

      Monday, 23rd November 2020

      Acwa Power International, a developer, investor, and operator of a portfolio of power generation, is planning to raise about $1 billion by selling Islamic bonds early next year.

    • India to Double Oil Refining Capacity in 5 Years

      India to Double Oil Refining Capacity in 5 Years

      Sunday, 22nd November 2020

      India’s Prime Minister, Narendra Modi, plans to nearly double its oil refining capacity in the country over the next five years, a much more ambitious plan than previously stated despite COVID-19 complications.

    • PetroNor Purchases Licences in Guinea Bissau 

      PetroNor Purchases Licences in Guinea Bissau 

      Sunday, 22nd November 2020

      Independent oil and gas exploration company, PetroNor, has announced the purchase of SPE Guinea Bissau AB meaning the company will assume operatorship of two licenses.

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