News / International

Israel to Build New Gas Pipelines with Turkey, Italy

Israel's royalties from the production of natural gas came to $798b in 2016. The country is also advancing the construction of a gas pipeline to Turkey and at the same time constructing a pipeline to Italy, Greece and Cyprus.

Riyadh Mulls Price Hike for Crude to Asia

Saudi Arabia is expected to slightly increase the price of its crude for Asian customers in March in line with a stronger Dubai benchmark price.

OPEC, Russia Shielding Asia from Supply Cuts

OPEC and Russia are shielding Asia from supply cuts agreed in a landmark deal in 2016 as they fight to protect their share of the world's biggest and fastest growing oil market.

Saudi Aramco Installs New ESP System

Saudi Aramco recently installed and tested the functionality of its Baker Hughes TransCoil rigless deployed electrical submersible pumping (ESP) system, which is expected to cut down on installation and replacement costs for ESPs and bring wells online faster.

West Africa Eyeing LPG Vessels from US

Newly built Liquefied Petroleum Gas (LPG) vessels, MT Africa Gas and MT Sahara Gas, are set to commence operations that will see them berth in Houston, US, to convey their first ever consignment of gas expected to be delivered to the West African coast starting from March 2017.

Ghana’s Jubilee Field Partners Fixing FPSO

Partners in Ghana’s Jubilee field continue with provisional fixing of the floating production, storage and offloading unit's (FPSO) turret bearing problems, expected to be completed in February 2017.

TechnipFMC Awarded Contract Offshore Israel

Energean Oil & Gas has announced that it has appointed TechnipFMC as the Concept and Front End Engineering Design (FEED) contractor for Israel’s Karish and Tanin gas fields development program.

Puma Energy to Expand in South Africa’s Fuel Market

Puma Energy plans to increase its market share in the South African fuel sector from the current 3 % to 8 % by 2021.

Iraq Seeks Partners for New Gas Plant

Iraq is looking for foreign partners to build and operate a second venture to process gas released as a by-product of oil production in its southern fields.

Nigeria’s Bonny Light Crude Price Increased

The price of Nigeria’s Bonny Light crude oil increased to $53.91 per barrel in December 2016, from $42.20 in November.

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