News / International
Nipco to Purchase 60% of Mobil Oil Nigeria
Nipco Plc will pay about $291m for the acquisition of the 60% shares of ExxonMobil in the company.
VAALCO Increased Stake in Gabon’s Offshore Field
VAALCO Energy has finalized the acquisition of a further 3.23% participating interest in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Etame Limited.
Companies Bid for Mozambique’s Gas
Fourteen national and International companies have submitted bids for the development of industrial projects that make use of liquefied natural gas (LNG) in Mozambique.
DEWA, Masdar Signed PPA for Solar Park
Dubai Electricity and Water Authority (DEWA) has signed a power purchase agreement (PPA) with Abu Dhabi Future Energy Company (Masdar) for the third phase of a solar park in Dubai, at a rate of $29.90/MWh.
Iran to Abide by September Oil Production Cap Deal
Iran's Oil Minister, Bijan Zanganeh, said that the country was prepared to leave its oil production at levels that the Organization of the Petroleum Exporting Countries (OPEC) had agreed at its September meeting in Algeria.
Sonatrach, Eni Agreed to Extend Cooperation
The Algerian state-owned company, Sonatrach, and Italian Eni signed several cooperation agreements in various energy areas.
Israel Launched Oil, Gas Exploration Tender
Israel announced bids for 24 new offshore oil-and-gas exploration licenses.
Tanzania, Zambia to Negotiate Oil, Gas Pipeline
Tanzania and Zambia are to negotiate a new deal for transport of refined oil and natural gas. The talks will center around either modernizing the existing 1,710km Tazama pipeline or building a parallel pipeline for gas.
