News / International
BP to Invest $1b in West Africa Gas Field
BP is to inject almost $1b into a gas field off the coast of west Africa near Mauritania and Senegal.
Ghana Output to Reach 190,000b/d
Ecobank Research has revealed Ghana’s oil output will reach 190,000b/d by the end of 2016.
Sonatrach Signed Refinery Studies Deals
Algerian oil and gas company Sonatrach signed contracts worth $26m with Spanish firm Tecnicas Reunidas and UK Amec Foster Wheeler to undertake studies for two new refinery processing plants.
BP, Adoc Swapped Shares for Stake in Oil Concession
BP Plc swapped about $2.2b of its own shares for a stake in one of the Abu Dhabi’s largest onshore oil concessions.
Aramco, Siemens Signed Energy Collaboration Deals
Saudi Aramco and Siemens have inked several agreements to collaborate in the fields of renewable energy, research and development, as well as digitalization in the oil and gas industry.
Iraq to Boost Oil Exports to China
Iraq will sell more crude oil to its biggest customer, China’s Unipec, just before production cuts agreed with OPEC and other producers are scheduled to kick in.
Qatar, Kuwait to Cut Oil Output in 2017
Qatar Petroleum and Kuwait Petroleum Corp (KPC) will reduce production levels from the beginning of 2017, following the recent decisions by OPEC and non-OPEC oil-producing countries to cap output.
Nigeria to End Cash Call Agreement with JVs
Nigeria formally ended the era of cash call payment by the joint venture (JV) operators in the oil and gas industry.
