News / International
Shell Nigeria Resumed Bonny Light Exports
Royal Dutch Shell lifted its force majeure on Nigeria's Bonny Light crude exports. The Nembe Creek Trunk Line was repaired and reopened, allowing Shell to resume exports.
Solo Oil Chose Not to Extend Stake in Tanzania’s Gas Field
UK’s Solo Oil has informed Aminex plc, the operator of the Tanzanian Kiliwani North Development Licence (KNDL), that it does not intend to exercise its immediate option over a further 1.25% interest in the KNDL.
Algeria to Supply Crude to Cuba
Algeria is sending crude oil to Cuba for the first time to help offset lower supplies from the island's closest ally, Venezuela. Algeria's state-owned Sonatrach plans to ship about 515,00 barrels of crude to Cuba in October, with a possible second cargo loading in November or December.
Iraq Seeks Investors for New Refineries
Iraqi Oil Minister, Jabbar Al Luaibi, is revisiting a program announced four years ago to build four new refineries and has invited international oil companies to fund the construction of new facilities as the country looks to expand its downstream capacity.
Arabian Drilling to Buy Dalma Energy
Saudi Arabia's Arabian Drilling Company (ADC) has shown interest in purchasing Dalma Energy, in a deal which could value the land rig operator at more than $500m.
Russia to Supply Bahrain with LNG
Russia's Gazprom and the state geological exploration services company Rosgeologia have signed memorandums of understanding with Bahrain's state-owned Noga in the areas of liquified natural gas (LNG), and oil and gas exploration.
Turkey, Russia Resumed Pipeline Talks
Moscow has sent a draft intergovernmental agreement to Turkey on a natural gas pipeline under the Black Sea to Greece. Novak expects Ankara to decide on the project within a few months, as it is planned to kickoff by the end of 2019.
Oman Extended Block 50’s EPSA until 2020
Oman's Ministry of Oil & Gas has extended the exploration and production sharing agreement (EPSA) with Masirah Oil Ltd. for Block 50 for another 3 years.
