News / International
Kuwait to Buy Shell’s Bongkot Stake in Thailand
Royal Dutch Shell has said it will sell its stake in Thailand's Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900m.
Nigerian LNG Shipped to Portugal
Nigerian liquefied natural gas (LNG) cargo was heading to REN’s Sines LNG import terminal on Portugal’s Atlantic coast.
OPEC Meets 82% Compliance with Freeze Deal
The Organization of the Petroleum Exporting Countries' (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production targets under the deal has averaged 30.01mb/d in January, compared to 31.17mb/d in December.
Angolan Banks Call for Bailout as Oil Slump Cuts Liquidity
Angolan banks are appealing to the government to help put together a bailout package to protect account holders as lenders reel from low oil prices that make up almost all of the nation’s foreign-exchange earnings.
Lebanon to Auction 5 Offshore Areas
Lebanon will auction energy-development rights to five offshore areas and adopt production-sharing contracts to attract international investors.
Oman Signs Oil, Gas E&P Deal for Bloc 48
Oman’s Ministry of Oil and Gas has signed an Exploration and Production Sharing Agreement (EPSA) with Oman Oil Company Exploration and Production (OOCEP) for Block 48, located between Al Wusta and Al Dhahira regions.
UAE to Build LNG Port in India
Abu Dhabi's National Marine Dredging Company said it has been awarded a $316m engineering, procurement and construction (EPC) contract for a hi-tech floating LNG (liquefied natural gas) port at Jafrabad in the Indian state of Gujarat.
Saudi Aramco Eyes $5b Investment in Renewables
Saudi Aramco is considering as much as $5b of investments in renewable energy firms as part of plans to diversify from crude production.
