Suicide Bomb Attack Destroys 3 Tankers in Nigeria

• Monday, 6th March 2017
• by

Three suicide bombers set ablaze three fuel tankers in the center of Nigeria's northeastern city of Maiduguri before dawn Friday, just days before a planned visit by the U.N. Security Council.

Iran in Talks with S Africa to Export 100,000b/d, Purchase Refinery Shares

• Monday, 6th March 2017
• by

Iran's Oil Minister said that Iran is ready to deploy 100,000b/d of crude oil to South Africa as well as to purchase refinery shares there.

Lukoil Targets New Projects in the Middle East

• Monday, 6th March 2017
• by Editorial Team

Russian oil giant Lukoil is targeting new projects in the United Arab Emirated (UAE), Iran, Oman and Kuwait as it plans to expand its operations in the Middle East.

Bahrain to Invest $7b in Downstream by 2022

• Monday, 6th March 2017
• by Editorial Team

Nogaholding, the investment arm of Bahrain's National Oil and Gas Authority (Noga), has substantial expansion plans and expects to invest in excess of $7b across several separate ventures by 2022.

Iran, Shell Close to Sign Kish Gas Field Deal

• Monday, 6th March 2017
• by Editorial Team

Iran says it may start negotiations with global energy giant Shell over the development of Kish gas field, which holds the country’s largest reservoirs of natural gas after South Pars.

Oman: NatGas Production, Imports Dropped in January

• Monday, 6th March 2017
• by Editorial Team

Oman’s natural gas production and imports fell by 4.5% to 3,424mcm in January 2017, compared to 3,584mcm in January 2016.

Siemens to Build Power Equipment in Iran

• Monday, 6th March 2017
• by Editorial Team

Iran has signed a preliminary deal with Germany’s Siemens to manufacture equipment for the country’s electricity industry.

Nigerian Vitol Sells 4m Oil Barrel, Supply Glut Eases

• Monday, 6th March 2017
• by

Vitol Group BV is offering to sell Nigerian crude oil from a storage terminal in South Africa, in what may be a signal that the global supply glut is beginning to ease.

Nigeria Charges Shell, Eni with Corruption

• Sunday, 5th March 2017
• by

Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell plc and Eni , alleging the companies “corruptly” paid $801m in 2011 when acquiring an offshore oil field.

Namibia: Namcor to Take 7% of Profit Share from Kavango Region

• Sunday, 5th March 2017
• by

The National Petroleum Corporation of Namibia (Namcor) will only get 7% of profit shares in the event that oil or gas is found in the Kavango West region.