News / International
Iran Delayed Contracting Chosen Bidders Until Reviewing IPC
The Iranian Petroleum Contract (IPC), has been delayed since Iran’s Security Council is still reviewing it , delaying the operation of the 29 foreign oil and gas companies, that were shortlisted by Iran as bidders for hydrocarbon deposits earlier this year.
Libyan Sharara, Wafa Fields Shutdown Again
Libya's Sharara and Wafa fields have stopped producing for the second time just one week after a previous shutdown due to an attack from an unidentified armed group that blocked the pipelines on the 9th of April 2017.
Iraq to Increase Oil Output
Iraq plans to increase crude oil production to 5mb/d.
Saudi Arabia Signs New Agreements with China
Saudi Arabian King Salman finished his tour in China during which he signed a number of agreements worth $65b.
Arab Countries Agree on Joint Electricity Market
Energy ministers of 14 Arab countries signed a memorandum of understanding (MoU) to establish a joint Arab electricity market.
Tullow Oil Postpones Drilling of Namibia’s PEL 37 Well
Tullow Oil announced that further work is needed at the first exploration well on Namibia’s PEL 37 to identify a drillable prospect.
South Africa to Open Nuclear Tender in June
South Africa's Eskom will request proposals from companies bidding for the $72b nuclear expansion in June.
NLNG Negotiates New Gas Contracts
Nigeria LNG (NLNG) started negotiating with potential buyers on contracts for gas supplies from Trains 1, 2 and 3, which together produce 9m tons/y of LNG.
