News / International
Iran Prioritizes Joint Oil Fields Development
Managing Director of National Iranian Oil Company (NIOC) said that development of joint oil and gas fields are still top priorities for Iran.
TransCanada Wins $2.1b Offshore Gas Pipeline Deal in Mexico
TransCanada Corporation, one of the major North American energy companies, has been awarded a contract, along with a Mexican joint-venture partner, Sempra Energy, to build and operate an 800 km offshore pipeline that will deliver natural gas from South Texas to northeastern Mexico.
UK’s Hardy Mulls Abandoning Oilfield in India
UK’s upstream international oil and gas company, Hardy Oil and Gas, has threatened to abandon Puducherry’s PY-3 oilfield if the Indian government and field licensee, the Indian Oil and Natural Gas Corporation (ONGC) fail to honor the production sharing contract.
Iraq Approved IMF Measures to Unlock Loans
Iraq has approved measures requested by the IMF to unlock loans that help it overcome a cash crunch caused by declining oil revenue.
Iran, Switzerland Ink First Petchem Contract
Iran inked the first post-sanctions petrochemical contract with a Swiss firm for construction of finishing unit of a petrochemical company.
Zimbabwe Eyes Power Surplus by 2018
Zimbabwe's government is targeting power surplus by 2018 as a result of several power projects that are currently being implemented.
Japan to Switch to Coal
Coal is anticipated to outshine gas and become country's largest power generator within the next three years, as power utilities are replacing aging nuclear capacity with fossil fuel.
Iceland Turns Carbon Emissions to Stone
Iceland’s Hellishiedi power plant became the first in the world to successfully convert its carbon emissions to stone.
