News / International
KOC, Weir Oil&Gas Signed $12m Deal
Khuff Trading and Contracting has signed an agreement with Kuwait Oil Company (KOC) for the purchase of 295 Seaboard wellheads, worth about $12m.
Kuwait Invested $4.8b in Oil, Gas
During the third quarter of 2016, Kuwait awarded a total of $12b worth of contracts, 42% of which are in the country's oil and gas sector at about $4.8b in investments.
Enel to Grow Renewable Ventures
Italian Enel will build 5,000MW of renewables capacity in Africa despite political unrest in the North and lack of electric power connections between countries.
Iran, Armenia Signed Gas MoU
Iran’s National Gas Export Company and Armenia’s Energoimpeks signed a memorandum of understanding (MoU) for the transit, sale, and purchase of gas.
UAE to Enhance Oil Reserves with Carbon Dioxide
Abu Dhabi National Oil Company (Adnoc) and leading energy company Masdar have jointly developed the first carbon capture utilisation and storage (CCUS) plant in the Middle East and North Africa (MENA) region.
Sonatrach to Upgrade Oil Refinery
Sonatrach awarded the China Petroleum Engineering and Construction Corporation (CPECC) a $410m contract to renovate and upgrade an oil refinery near the capital, Algiers.
Sasol Drilled New Gas Well
Sasol Exploration and Production International has begun drilling a third well in its production-sharing agreement area in Mozambique.
Sudan’s Oil Output Declined
Sudan's oil production has dropped to between 95,000 to 100,000b/d, while the country has partially lifted fuel and electricity subsidies as part of an economic reform package aimed at cutting government spending.
