News / International
Energean Buys Israeli Gas Fields for $148.5m
Greece’s Energean Oil & Gas signed a $148.5m deal to purchase Israel’s natural gas fields Karish and Tanin. They jointly contain about 58.7bcm of gas and 14.3m barrels of condensate.
Ghana, Ivory Coast Dispute To Impact TEN Development
Ghana’s President, John Mahama, said that a maritime boundary dispute with Ivory Coast has affected the development of the new TEN oil wells. He confirmed that Ghana is dedicated to a peaceful resolution of this disagreements.
Iran Aims for Gas Partnership with Japan
The Iranian Deputy Minister of Petroleum for Trade and International Affairs, Amir-Hossein Zamaninia, said that his country will push for increased natural gas exports to Eastern Asia, including Japan, as prices are more attractive than Europe.
Nigeria Discovers Oil Siphoning Well in Lagos
The Nigerian Army and officers of the Nigeria Security and Civil Defence Corps (NSCDC) uncovered an illegal oil well in Lagos State. The well was filled with Petroleum Motor Spirit (PMS).
South Sudan To Boost Oil Production for Exports
South Sudan's Petroleum Minister, Ezekiel Lol Gatkuoth, said that the independent state is determined to increase crude oil production by November 2016 to start exports to neighboring Ethiopia.
Norway’s DNO Abandoned Onshore Well in Oman
Norwegian oil and gas operator DNO said its Hayah-1 exploration well in Oman's onshore Block 36 failed to encounter hydrocarbons, other than minor gas shows, and will be plugged and abandoned.
Nigerian Oil Output to Continue Its Decline in 2017
According to a report by the Energy International Administration, the statistical arm of the United States’ Energy Department, Nigeria’s crude oil production is expected to remain depressed through 2017 as a result of militant attacks.
Tanzania to Become Regional Oil Trading Hub
Tanzania's minister for Industry, Trade and Investments, Charles Mwijage, stated that his country is examining the possibility of building an oil-trading hub in Tanga to supply fuel to east and central African regions in DR Congo, Burundi and Rwanda as well as other neighboring countries.
