News / International
Dana Gas to Discuss $700m Debt Mix
Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year. The company’s CEO, Patrick Allman-Ward, said that the firm has $344m in cash, is in discussions with lenders about its future debt mix.
Yemen Resumed Oil, Gas Production and Exports
Yemen has resumed production and exports from its Masila oilfields for the first time since a civil war began in March 2015.
Kenyan Exports to Start Mid 2017
Kenyan President, Uhuru Kenyatta, said that Tullow Oil Plc will drill eight additional exploration wells in the country’s North Lokichar region. Exports will commence three months later, with the crude being transported by road to the Indian Ocean port city of Mombasa.
Kuwait Abandons Nuclear Power Plans
Kuwaiti Ministry of Electricity and Water (MEW) cancelled plans to build a nuclear power plant as feasibility studies proved the project to be uneconomical and capital intensive.
Qatari RasGas Shipped First LNG to Italy
Qatar's second largest LNG producer, RasGas Company, has shipped its first liquefied natural gas (LNG) cargo to the Floating Storage Regasification Unit (FSRU) Toscana, in Italy.
Iraq to Boost Oil Production and Exports
Iraq's Prime Minister, Haider al-Abadi, said his country intends to boost crude oil production and will not restrain output as part of any possible agreement among member's of the Organization of the Petroleum Exporting Countries (OPEC) to freeze production and lift prices.
Uganda to Fund $55m in Oil, Gas Development
Uganda’s Finance Minister, Matia Kasaija, said that over $55m had been allocated to the implementation of programs for oil and gas development.
GE’s to Complete Takoradi Facility in Ghana
GE Oil & Gas is nearing completion on the company’s new Takoradi services facility in Ghana, as part of preparations by the company to support energy production in the country.
