News / International
Canadian Natural Resources Mulls $50m Investment in New Wells
Canadian Natural Resources Ltd., the country’s largest producer of natural gas and conventional heavy oil, has declared that it will additionally invest $50m to drill 123 new heavy oil wells, 5 new light wells, and 11 thermal oil wells, in the second half of 2016.
Azerbaijan to Deliver Gas to Europe
Azerbaijan’s Energy Minister, Natig Aliyez, has announced that the country’s natural gas field, Shahdeniz field, situated in the South Caspian Sea, contains sufficient volumes of gas reserves to meet energy demand of Azerbaijan itself and of other neighboring countries.
Nigeria’s Oil Firm Shuts Off Gas Pipeline After Attack
Nigerian state oil firm NNPC managed to close a valve of a pipeline in the Niger Delta to contain a gas leak caused by an explosion.
Angola’s Activists Demand Revoking Sonangol Head
Angola's activist accused the president of acting unconstitutionally after appointing his daughter as head of Sonangol, asking Attorney General to revoke her appointment.
Nigeria, Angola Crude Exports to US Increased
Nigeria's and Angola's crude oil export to the United States has risen from the 190,000 b/d recorded in Q1 of 2015 to 354,000 b/d in Q1 of 2016.
OPEC Revenues to Fall 15% in 2016
OPEC's 2016 oil export revenues will probably fall 15% to $341b, down for the third straight year and possibly the lowest in more than a decade.
Spain’s Repsol to Enter Indian Market
Spain’s largest petroleum company, Repsol, has partnered up with GP Petroleum Ltd, a UAE based oil company, to enter the Indian market.
China’s Chu Kong Wins Steel Pipes Bids by Sinopec
China’s largest manufacturer and exporter of longitudinal submerged arc welded steel pipes, Chu Kong Petroleum and Natural Gas steel Pipe Holdings Ltd, has earned two bids from China Petroleum and Chemical Corporation (Sinopec), to supply the steel pipes required for its natural gas project in Tianjin
