News / International
Turkey to Ship Cypriot, Israeli Gas in 3 Years
A minimum of three years is needed to ship gas to global markets via Turkey from the Aphrodite Gas field in Greek Cyprus and the Leviathan field in Israel.
KOC to Enhace Reservoir Models with Roxar RMS
Emerson Automation Solutions has supplied its Roxar RMS reservoir modeling software to Kuwait Oil Company (KOC). The new licenses will be used to build more accurate and detailed reservoir models.
Sonatrach Boosted Gas Exports to Italy
Algerian Sonatrach boosted natural gas sales to Italy by 140% in the first ten months of the year as Algeria looks to bolster energy exports after years of stagnation, with exports expecting to grow further with a new supply deal.
Israel’s Leviathan Gas Field Secured $1.75b Financing
The local partners in Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to $1.75b in financing.
Namibia Mulls Solar Power Export
Namibia's Karas Governor, Lucia Basson, said the region has the potential to supply electricity to the entire country and produce surplus power to export.
OPEC Agreed on Output Cuts
Crude oil prices steadied around $50 a barrel, holding onto big gains made after the Organization of Petroleum Exporting Countries (OPEC) and Russia agreed to restrict production.
Nigeria Exempted from OPEC Output Cuts
Nigeria got special concessions as the Organization of Petroleum Exporting Countries (OPEC) reached the much sought consensus to cut oil production by 1.2m b/d, effective January 2017.
Nigeria, GE Sign Solar Power Plant MoU
The Northern States Governors’ Forum and the General Electric (GE) International signed a memorandum of understanding (MoU) for the construction of five solar plants, which would generate 500MW of electricity in some parts of Northern Nigeria.
