News / International
OPEC’s Oil Output to Reach 34mb/d
OPEC's oil output will set another record high in October. According to shipping data and information from industry sources, supply from OPEC has risen to 33.82mb/d in October from a revised 33.69mb/d in September.
EBRD Funded Wind Farm in Jordan
The European Bank for Reconstruction and Development (EBRD) is providing a $70m loan to Green Watts Renewable Energy to help build the 86MW Al Rajef wind farm in southern Jordan.
Nigeria Launched Oil, Gas Recovery Plan
Nigeria unveiled Seven Big Wins, as part of short to medium term strategy framework with robust priorities to grow the country's oil and gas sector.
GAS, Fluid Components Formed Saudi JV
Saudi Arabia’s GAS Arabian Services (GAS) will establish a joint venture with US-based Fluid Components International (FCI) in the Arabic kingdom.
Tanzania Saved $7b via Domestic Gas
Tanzania saved up to $7.4b by using natural gas as a source of energy from July 2004 to June 2015. This came as a result of using natural gas to replace expensive fuel such as heavy furnace oil (HFO), diesel, petrol, jet fuel and others, which would have been imported from abroad.
Iran to Develop 4 Oil Fields
The National Iranian South Oil Company will develop four oilfields, Parsi, Karanj, Rag Sefid, and Shadgan, which include nine reserves, in accordance with its new contract model which is expected to extend up to five years per agreement, with no ceiling for investments.
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises.
Oceaneering Extended Offshore Service Deal
US Oceaneering International Inc, has announced that a unit of BP has agreed to a two-year extension through January 2019, under the Field Support Vessel Services contract that was entered into with the Company for work offshore Angola on Blocks 18 and 31.
