Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from Feburary after striking a deal to provide cover without involving US-domiciled reinsurers.
Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000b/d Ruwais refinery after a fire broke out at an olefin conversion unit (OCU) in early-mid January.
The Abu Dhabi Fund for Development (ADFD), in partnership with the International Renewable Energy Agency (IRENA), backs a rural electrification project, which aims to provide power to 150,000 people in Niger.
Oil exports from Iraq's southern terminals have fallen by 170,000b/d so far in January, with the country implementing a further 40,000b/d during the month.
French gas grid operator GRTgaz said a force majeure in Algeria and tensions in the global gas market were reducing deliveries of liquefied natural gas (LNG) to southern France.
Cairn Energy is gearing up to start the third phase of its drilling program offshore Senegal in late January, aiming to further evaluate the SNE discovery.