News / International
Eskom Foresees Deeper Cost Cuts
South African power utility Eskom's latest pay hike offer could lead the cash-strapped power utility into deeper cost cuts.
Saudi Arabian Oil Exports Fell to Six-Month Low in April
Saudi Arabia cut crude shipments in April to the lowest level in six months - 7.44mb/d - as overseas refineries bought less due to seasonal maintenance.
Egypt Agrees to Import Iran’s LNG
Egypt has agreed to recommence importing Iran's liquefied gas (LNG), according to an Iranian official, following the permit issued by Cairo for Tehran to transfer crude oil to European countries through its SuMed pipeline.
Canada to Impose Stronger Environmental Regulations
Canada’s natural resource projects will be obliged to abide by new tighter environmental rules that will start coming into force in 2017. The move will be ahead of schedule.
Russia’s Rosneft Dismisses OPEC as Regulator
Head of Russia's top oil producer Rosneft said that Saudi Arabia, the United States and Russia were the three main players on global oil markets and the role of OPEC was evaporating.
Canadian Solar to Invest $678.5m in PV Projects in Brazil
Canadian Solar Inc., the world’s second-largest solar manufacturer, will invest $678.5m in photovoltaics manufacturing and power generation projects in Brazil.
Enterprise to Construct New Natural Gas Processing Facility
The American natural gas and crude oil pipeline company, Enterprise Products Partners L.P., has announced plans to construct a new cryogenic natural gas processing facility, along with the natural gas and natural gas liquids (NGL) pipeline infrastructure needed to facilitate the growth of NGL-rich natural gas production in the Delaware Basin of West Texas and southeastern New Mexico.
Oman Shipped First Crude from Musandam Plant
UAE-based, Marsol International, supported Oman Oil Company Exploration & Production LLC’s (OOCEP) first shipment of crude oil from the Musandam gas plant in May.
