News / International
Zambia Cut Fuel Prices
Zambia's retail fuel prices fell early January due to subdued oil prices. The cut came after President Edgar Lungu said he expected to do so even as Brent crude climbed 13% in December 2016.
NNPC Awarded 2017 Crude Contracts
Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies worth a total of more than $72m per day.
BW Offshore Extended FPSO Deal offshore Nigeria
BW Offshore has signed a short-term interim extension agreement for the floating production, storage and offloading (FPSO) unit Abo with Eni subsidiary, Nigerian Agip Exploration.
Hyperdynamics to Start Drilling Offshore Guinea
Hyperdynamics signed a $4.5m master service agreement (MSA) with Schlumberger to provide drilling services for the Fatala-1 deepwater exploration offshore the Republic of Guinea.
S. Sudan to Boost Oil Output
South Sudan is planning to increase its oil production early January as oil prices increase following OPEC's agreement to cap output.
Iraq Accused Kurdistan of Boosting Oil Exports
Iraq claimed that the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut.
Morocco Chose Financial, Legal Advisors for LNG Project
Moroccan state-owned power utility ONEE has picked HSBC Middle East Limited as financial adviser and law firm Ashurst LLP as legal adviser for its plan to boost its imports of liquefied natural gas (LNG).
Kuwait, Oman Cut Oil Output per OPEC Deal
Inline with OPEC's production reduction agreement, Kuwait has cut output by 130,000b/d to about 2.75mb/d. While, Oman was to cut 45,000b/d from its 1.01mb/d.
