Sirius Petroleum has raised $2m in new capital for equipment mobilization deposits for the upcoming drilling campaign at the Ororo field, offshore Nigeria.
South African Sasol has resumed production of natural gas in the southern Mozambican province of Inhambane after cyclone Dineo, which battered 12 districts of the territory in mid-February.
Uganda's economy is estimated to expand by 5.2% in the fiscal year 2017/2018, despite a previous drop to 5% in 2016/2017, thanks to foreign and domestic investment in infrastructure in the oil industry, according to the World Bank.
Kuwait’s refinery in Vietnam will begin operating in July 2018 with a capacity of 2,000b/d, according to Kuwait Petroleum International’s (KPI) CEO, Bakheet Al-Rashidi.
The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000t/y of liquefied petroleum gas (LPG), to Vitol over the next ten years.
Oil giant Saudi Aramco is reportedly considering offering shares to citizens of Saudi Arabia as it prepares for an initial public offering (IPO) that could be the biggest the world has ever seen.