News / International
Italy to Finalize LNG Supply Deal with Pakistan
Italy is pushing forward the talks with Pakistan to secure a government-to-government LNG contract. Rome has nominated Eni to supply the LNG, but the company will face tough competition from France’s Engie and other companies from China and Malaysia that have been operating in the country.
Sonatrach Foresees Rise in Algeria’s Oil Output
Algeria's oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African OPEC member's existing fields.
Crimson Crude Pipeline in California Leaks 29,000 Gallons
An oil spill has leaked over 29,000 gallons, or 700 barrels, of crude from a pipeline into a canyon in Ventura County, California. The spilled oil is expected to have flowed for at least a quarter-mile in the canyon, but never reached the surrounding beaches as it got contained in a lengthy ravine.
India Mulls Resuscitating Myanmar-Bangladesh-India Gas Pipeline
As part of India’s ambitious Rs 1,30,000 crore plan to transform the northeastern part of the country into a hydrocarbon hub within the next 15 years, the centre is currently exploring reviving the shelved Myanmar-Bangladesh-India gas pipeline that transports gas from Russia
Engie, Nareva Ink Energy Projects in North, West Africa
French energy firm Engie announced in a statement that it has signed a MoU with Moroccan Nareva Holding to develop new energy projects in north and west Africa including Egypt, Ivory Coast, and Senegal.
Zimbabwe’s Coal Firm Considers Layoffs
Zimbabwe's Hwange Colliery Company is considering cutting a third of its 3,000 workforce as part of measures to revamp the loss-making coal miner.
Crude Investors Flee to Safety after Brexit
The UK’s surprising vote to for Brexit has brought a new level of uncertainty into the markets as investors started to withdraw from the international oil and gas market and the oil prices started to falter. Analysts estimated that crude oil inventories would fall by at least 1.7m barrels, so far, they fell by 0.9m barrels.
Israel’s Harel Considers Purchasing Tamar Field Share
Israel's Harel Insurance Investments and Financial Services said it is in talks to buy up to 4% in the Tamar natural gas field from Texas-based Noble Energy.
