News / International
Iran Qualified 29 Firms to Bid for Oil, Gas
Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model.
S. Africa to Increase Fuel Prices
South Africa’s Department of Energy announced that a liter of petrol 93 ULP and LRP will rise by $0.04 a liter, while a liter of 95 ULP and LRP will increase by $0.03.
Oman Begins Oil Output Cuts
Oman is expected to cut oil output by 45,000b/d. This is about 4.5% of its 1mb/d day production, to honor the agreement with the Organization of Petroleum Exporting Countries (OPEC).
Mozambique to Switch to Low-Sulphur Diesel
The government of Mozambique has announced that all measures has been put in place and the country is ready to switch to low-Sulphur diesel from starting from June.
Investors to Meet over Nigeria’s Brass LNG
The Nigerian National Petroleum Corporation (NNPC), Total, and Eni will meet early January to discuss the $15b Brass Liquefied Natural Gas (LNG) project located on Brass Island, Bayelsa State,.
Aramco Extended Seadrill’s Rig Deal
Seadrill has received a three-year contract extension from Saudi Aramco for the jackup rig AOD III.
Algeria’s Oil, Gas Exports to Reach $35b
Algeria’s revenues from oil and gas exports are expected to increase by $35b in 2017, compared to the $27.5b in 2016.
Uganda to Address Environmental Concerns from Oil&Gas
The Ugandan government is set to table a Bill to seek stronger safeguards against pollution and wastes arising from oil and gas activities as the country prepares for oil production.
