News / International

Oil Drops to $45 Despite OPEC Deal

Oil hovered around $46 per barrel in New York, back to levels last seen before the OPEC deal to cut production.

Brunswick Joins Saudi Aramco IPO

Saudi Aramco has appointed advisory firm Brunswick to join FTI Consulting in running media and investor relations for IPO.

Africa Oil Announces New Successful Drilling in Kenya

Africa Oil Corp. stated that the Amosing-6 and Ngamia-10 appraisal wells in Block 10BB have been drilled after the former drilling of the successful Erut-1 (Block 13T) exploration well in the beginning of 2017 in Kenya.

Nigeria Mulls Extending Exemption from OPEC Deal

Nigeria’s exclusion was due to the production challenges that the country was facing after the militant attacks on the country's oil facilities.

Ophir Energy Spuds Cote d’Ivoire’s Ayamé -1X Exploration Well

African Petroleum has announced that the Ophir Energy operated Ayamé-1X exploration well, offshore Côte d’Ivoire, has spudded by the end of April.

Libya’s Waha Field Recovers Output to 75,000b/d

Waha's production levels have been affected by a pipeline damage caused by militia fights.

Iran to Stick to OPEC Decision on Oil Cut Deal

Iran announced it will go along with whatever decision OPEC makes on whether to extend oil production cuts beyond June.

Saudi Arabia’s Sadara Awarded Top Project Prize

Saudi Arabia received the top prize 2017 MEED Quality Awards for Projects for its Sadara petrochemical scheme.

Shell Signs New Agreement in Oman

Royal Dutch Shell signed a heads of agreement to work on Block 42 in Oman.

Iraqi Fuel Oil Exports Rise Despite OPEC Cuts

Iraqi fuel oil exports have risen since the beginning of 2017 despite the country’s commitment to curb production in line with OPEC supply cuts.

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