Abu Dhabi’s oil leadership has a short list of contenders for the remaining stake in its flagship onshore oil concession, with China at the top of the List. Moreover, privately-run CEFC China Energy is in advanced talks with ADNOC to acquire 10% ADCO.
A Moroccan court has given the trustee who controls Samir, the country's only oil refinery, another three months to finish the liquidation process and will invite expressions of interest in buying the plant.
Libyan oil-facility guards prevented two of the country’s biggest fields from resuming production, days after the National Oil Corporation (NOC) reached an agreement to restart operations there to boost output.
The floating, storage, and re-gasification unit (FSRU) Neptune, previously known as GDF Suez Neptune, has arrived near Aliaga on the Agean Sea where it will be used as Turkey’s third LNG import terminal.
Aminex Plc has received formal approval from the Tanzanian Minister of Energy and Minerals to extend the work period of the Nyuni Area production sharing agreement (PSA) for a period of four years.
Shareholders of Nigeria’s Nipco PLC have authorized the company’s board of directors to stand as a guarantor for the acquisition of 60% majority equity stake in Mobil Oil Nigeria.