News / International
Aramco to invest $90b in boosting refining capacity
Saudi Aramco will invest $90 billion in the next five years to increase refining capacity by 50 percent to 6 million barrels a day. Tullow ‘Could Double Production’ in 5 Years after Ugandan Deal
The news that the Ugandan government has finally awarded the U.K. oil firm three production licenses brings "extra flexibility" to its balance sheet Gulf Keystone Cleared for Algeria Stake Sale
Gulf Keystone announced that all required documentation has been executed and all necessary Government approvals obtained pursuant to the agreement between the Company and BG Group, the Operator, providing for the transfer of the Company's right, title and interest for no consideration in the Hassi Ba Hamou (HBH) Permit to the Operator and Sonatrach. NYMEX-U.S. crude drops toward $97 on oil stocks data
U.S. crude oil prices slipped towards $97 a barrel on Thursday as a larger-than-expected rise in crude oil stocks outweighed support from upbeat manufacturing data in China, the United States and Germany. Petrobras Launches $7B Bond Deal
Brazilian state-run Petroleo Brasileiro, or Petrobras, completed its four-tranche $7 billion bond deal in the U.S. credit markets Wednesday, according to a person familiar with the deal. DNO hits Pehkabir pay
DNO International has reported oil shows at the Pehkabir-1 exploration well in Iraqi Kurdistan, although analysts believe the commerciality of the discovery is ''uncertain''. Saudi energy investment at $141b in 5 years biggest in MENA region
Saudi Arabia remained the dominant energy investor in the Middle East and North Africa (MENA) region, with an estimated $141 billion during 2012-2016, data from the Dammam-based Arab Petroleum Investment Corporation (Apicorp), an affiliate of the 10-nation Organization of Arab Petroleum Exporting Countries, showed. Saudi Arabia Names Candidate to Head OPEC
Saudi Arabia has nominated its candidate to succeed the current head of the Organization Petroleum Exporting Countries, Gulf oil sources said Tuesday, potentially reviving a scramble for influence within the producers' group. 
