News / International
Oman Close to Fund 75% of LPG Project
The liquefied petroleum gas (LPG) extraction project in Salalah has a total cost of $600m.
Koral Energy Invests in Africa
Koral Energy International Ltd. has acquired a floating production unit (FPU) and the associated O&M contract from Singapore-based Mercator, which states that Koral will be working on a project offshore Nigeria.
Iran Increases Oil Output at South Azadegan
Iran increased its oil production from South Azadegan by 30,000 b/d, reaching a production of 80,000b/d of oil at the field.
Kenya Approaches Saudi Arabia for Cheaper Crude Oil
Kenya is discussing it's desire to import crude oil from Saudi Arabia along with its plan to import cheaper crude to be refined locally.
Iraq to Build 3 Gas Processing Plants
Iraq will establish three gas processing plants to process the natural gas that is being flared at southern oil fields and use it in power generation.
Iran Inaugurates Projects Worth $20b
Iran officially inaugurated 10 major oil, gas, and petrochemical projects, including five phases of the South Pars gas field.
OPEC Cuts 153,000b/d in March
Supply targets from the members of the OPEC suggest a compliance of 104% with the cartel's deal to cut output.
BW Offshore Acquires Stake in Dussafu field, Gabon
BW Energy Gabon (BWEG), a subsidiary of BW Offshore, has fully acquired the a 66.67% stake in the Dussafu production sharing contract offshore Gabon, owned by Harvest Energia and plans to increase its interest through a deal with Panoro Energy which acquires the remaining 33.33%.
