News / International
Iraq to Triple Natural Gas Production
Iraq's production will have a triple increase to be 1.7bcf/d of natural gas.
Hyperdynamics Executes Guinea Farm-out Agreement with SAPETRO
SCS Corp., a subsidiary of Hyperdynamics Corp., and Sapetro executed a farm-out agreement stating that Sapetro will receive a 50% participating interest in SCS Corp’s block in Guinea.
Jordan Signed New Petroleum Agreements
On the Sidelines of the third Jordan International Energy Summit, Jordon signed 7 new energy agreements.
Oman Strikes Oil and Gas Discoveries in Block 60
OOCEP has announced three significant oil and natural gas discoveries in Block 60.
Nigeria Reduces 26% of Gas Flaring
Nigeria's gas-flaring rates dropped from 36% in 2006 to 10% in 2016, pushing the country down from the second position as the highest gas-flaring nation to the seventh.
Nigeria: Lekoil and GE Collaboration
Lekoil Ltd signed a memorandum of understanding with GE Electric Co. to develop a work program for the Ogo field in OPL310 offshore Nigeria.
Iraq, Jordan Agree on Oil Pipeline Project
Iraq and Jordan agreed on the development of a $5.6b oil pipeline. The project's preparations and procedures are expected to be completed within the next two months.
South African Fuel Prices to Drop in Days
The Energy Department announced that the retail price of petrol and the wholesale price of diesel in South Africa will decrease starting April 5.
