News / International
KTC to Invest in Iran’s Renewable Energy
South Korea’s KTC signed a deal worth $820m with Iran’s investment and economic development committee to build a solar plant in the southern city of Fasa, as well as a wind farm in the southeastern city of Zabol.
Saipem Proceeds with FPSO Vessel
Saipem has completed the fabrication of some components of the floating production, storage and offloading (FPSO) vessel for the Egina field operated by Total Exploration and Production Nigeria Limited.
Arandis Secured Land for Solar Plant
Arandis Solar Energy, a Namibian independent power producer, has secured land for its solar project following the successful conclusion of a power purchase agreement (PPA) with Erongo Red.
Nigeria Discovered New Oil Prospects
The Nigeria National Petroleum Corporation (NNPC) announced that out of 23 oil wells drilled by mining oil companies involved in oil exploration in the north, 21 are marked as having prospects of oil.
Aramco Awarded LTA to NPCC
The national oil giant Saudi Aramco has awarded a long-term contract to National Petroleum Construction Co (NPCC) of Abu Dhabi for work on Aramco's offshore facilities.
Zimbabwe to Combat Fuel Fraud
The Zimbabwe Energy Regulatory Authority (ZERA) is planning to start fuel marking in an attempt to curb fuel crimes such as illegal fuel vending and lack of fuel quality assurance, as the treasury is losing up to 30% in revenue through illegal fuel dealers.
Sankofa-Gye Nyame to Produce Oil 2017
Oil production from Ghana’s Sankofa-Gye Nyame oil field, is expected to commence in the second quarter of 2017 while production of gas is expected to begin in the second quarter of 2018.
Iraq to Curb Oil Exports in November
Iraq plans to trim crude oil exports from its southern ports to 3.24mb/d in November compared with 3.28mb/d planned for October.
