News / International
Saudi Arabia Seeks To Find New Gas Sources
Saudi Arabia could invest in importing gas to meet rising demand, but the priority is to find new gas sources domestically through exploration.
Sasol’s US Plant Costs Jumped to $11b
South African chemical and energy company Sasol reported that with the project 40% completed, the cost to construct its Lake Charles, Louisiana, chemical complex project, jumped 23.6%, to $11b from $8.9b.
US Shale Oil Producers Restart Rigs
Rigs targeting crude in the US rose by 9 to 325 in the last week of May and demand come closer into balance, Baker Hughes said adding that explorers have idled more than 1,000 oil rigs since the start of last year.
Venezuela’s PDVSA Gives Paraguay Deadline to Repay Debt
Venezuela's state oil company, PDVSA, has given Paraguay a 10-day deadline to pay a $287m debt for crudes sales dating back to 2009. However, the country would, for now, only be able to pay 50% of the debt.
Ghana Expects to Import first LNG by 2017
Ghana, which has two import terminal projects planned, expects to start importing LNG early next year, the acting Chief Executive of Ghana National Petroleum Corporation (GNPC) said, adding that it was in discussion with a range of traders.
ENI Commits to Continue Operations in Libya
ENI's CEO traveled to Tripoli for the first time since July 2014 to meet with the new head of Libya's UN-backed government, Libya's new Prime Minister, Fayez Serraj. The visit underlines ENI's commitment to continuing operations in the country.
Algeria Urges Companies to Invest in Upstream
Algeria is calling oil companies to invest in oil upstream activities in the country, emphasizing the regulatory and fiscal advantages offered by the Algerian market.
ENI’s Production in Nigeria Cut Short by 65,000bp/d
Two oil firms operating in Nigeria, Italian ENI and Aiteo, said they lose 140,000bp/d due to recent attacks on their facilities by militants.
