News / International
Nigeria to Lose $25b FDI Upon Gas Act Changes
Nigeria stands to lose over $25b in foreign direct investment and legal fines from international courts if the planned amendment to the Nigeria Liquefied Natural Gas (NLNG) Act of 2004 proceeds.
Saudi Arabia to Expand Energy Talks with China, Japan
A number of Saudi ministers delegated to discuss collaborations with China and Japan in the energy sector.
Gulf Petrochem to Distribute IPOL Lubricants in UAE
The Emirate-based Gulf Petrochem Group signed a 5-year agreement to distribute Indian IPOL brand of lubricant in the United Arab Emirates, with operations slated to fully commence during the third quarter of 2016.
Aramco to Reduce Stake in Indonesian Refinery Upgrade
Saudi Arabia's oil and gas giant, Aramco, has asked to cut its shares in a proposed $5.5b refinery project in Indonesia to 30% from 45%.
Cobalt, Sonangol Deal Falls Through
The US firm, Cobalt International Energy Inc, announced that the proposed $1.75b sale of a 40% stake in two offshore oil blocks in Angola to the state oil company, Sonangol, has automatically ended, after failing to obtain government approvals within the last 12-months.
Khartoum, Juba Talk Oil Cooperation
The Sudanese Oil Minister, Mohammed Awad Zayed, met with his South Sudanese counterpart to discuss oil agreements and technical cooperation to restore Al-Wohda Oil Field and increase oil production in Upper Nile fields.
Militants Announce A Ceasefire in Niger Delta
All freedom fighting militant groups in the Niger Delta announced a ceasefire and continued to embrace peace after seven months of turmoil due to hostile threat's towards Nigerian oil and gas infrastructures.
Tanzania To Speed Up LNG Project
Tanzanian President, John Magufuli, gave orders to speed up long-delayed work on a planned liquefied natural gas (LNG) plant in the Lindi Region and estimated to cost $30b
