News / International
Rosneft to Begin Offshore Exploration in Mozambique
Russia’s national oil company Rosneft, in a consortium with the American firm ExxonMobil, intends to commence exploration work in the offshore zone of Mozambique in the second half of 2017.
Iran Exports Free Gas to Turkey
Iran is currently not receiving any money from Turkey for the export of gas. Oil Producers Extend Output Cuts for 9 Months
Oil producers chose to extend supply cuts of 1.8mb/d for nine extra months, amidst a global glut of crude and rising US shale gas production.
Cairn Energy Spuds FAN South-1 Well Offshore Senegal
Cairn Energy has started drilling the FAN South-1 exploration well into the South Fan prospect, offshore Senegal.
Iran to Tender Azadegan Oil Field
NIOC announced that it will hold an international tender for the development of its major oil field in the southwest of Iran.
Equatorial Guinea is the 14th OPEC Member
The Organization of the Petroleum Exporting Countries (OPEC) has accepted Equatorial Guinea as a new member of the Organization.
S Africa, Sinopec Negotiate Chevron’s Refinery Capacity
South Africa is negotiating with the Chinese oil firm Sinopec about its acquisition of Chevron Corp's Cape Town refinery to confirm that the production capacity of the refinery is maintained and improved.
Uganda, Tanzania Sign Oil Export Pipeline Agreement
Uganda and Tanzania signed an agreement to regulate the framework for the construction of the $3.55b crude export pipeline that will link the two countries.
