News / International
Saudi Arabia Cuts Oil Supplies to the US
Saudi Arabia's oil exports to the US will decrease by around 300,000b/d during March, and total shipments would remain around March levels in the coming months.
Iran, Russia Mull Gas Partnership
Iran and Russia are negotiating to implement joint natural gas development projects, including exportation schemes to Europe and Eastern Asia.
NNPC to Recover $184m in Crude Swap Under-Deliveries
Three oil companies have agreed to refund the Nigerian National Petroleum Corporation (NNPC) by over $184m in product under-deliveries recorded against them during the now defunct crude for product swap system.
Oman to Reduce Exports to Asia by 15%
Non-OPEC producer Oman has notified its term customers in Asia that it will reduce supplies by 15% from June to meet local demand and as part of its commitment to cut output under a producers' agreement.
Uganda, Tanzania to Construct $3.35b Unitary Oil Pipeline
Uganda’s Energy Minister, Irene Muloni, announced the government’s plan to construct a unitary pipeline worth $3.35b to transport the country's crude oil from Hoima to Tanzania’s Tanga Port.
Algeria to Invest $50b in Oil & Gas
Algeria's hydrocarbon company Sonatrach will invest more than $50b from 2017 to 2021 in exploration projects and production, from which $9b will be directed to new deposits of oil and natural gas, and $40b to the development of oil and gas fields.
GE Oil & Gas Opens New Facility in Ghana’s Takoradi Port
GE Oil & Gas opened a new facility in Ghana’s Takoradi Port late March, expanding its global footprint and supporting local investment.
Solo to Buy 10% of Helium One’s Assets in Tanzania
Solo Oil, a natural resources investment company, has negotiated the acquisition of a 10% interest in Helium One Limited for a total consideration of $3.19m.
