News / International

Turkey’s Unit International to Build Iran Power Plants

Turkish energy company Unit International has reached a $4.2b deal with the Iranian Energy Ministry to build seven natural gas power plants in Iran, in what it said was the biggest investment in Iran since the lifting of sanctions.

Nigeria Will Not Use Force On Niger Delta Avengers

Nigeria will not use force on Niger Delta Avengers (NDA) because it might escalate the country's oil production decline, according to the Senior Special Assistant to the President on National Assembly Matters.

Angolan President’s Daughter in Charge of Sonangol

The Angolan President, Jose Eduardo dos Santos, has appointed his billionaire businesswoman daughter, Isabel dos Santos, as the Head of the state energy firm Sonangol, a move that was sharply condemned by the main opposition party.

Nigerian Militants Blow Up Two Chevron Oil Wells

Nigeria’s militant group Niger Delta Avengers (NDA) claimed via Twitter that it had blown up two oil wells operated by US company Chevron located in the Dibi field near Warri, a city in Delta state, southern Nigeria.

Nigerian President Cancels Visit to Oil-Producing Niger Delta

Nigerian President Muhammadu Buhari has cancelled at the last minute a visit planned to the oil-producing Niger Delta, which has been hit by a wave of militant attacks.

Malaysia’s SapuraKencana Announces Gas Discoveries

SapuraKencana Petroleum , Malaysia's biggest oil and gas services company by market value, announced two natural gas discoveries offshore East Malaysia.

Saudi Aramco Sings Oil Supply Deal with Polish PKN

Saudi Aramco announced its entry into the Baltic market after signing a contract with Poland's biggest refiner, PKN Orlen, for Aramco to supply PKN with 50,000bp/d starting in June.

GCC Members Seek to Revive Oil Output Deal

Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said.

Russia’s Gazprom Plans Gas Auction for Northwest Europe

Russia's Gazprom is planning a natural gas auction for northwest Europe and in June will announce the volumes and conditions of the auction, its Deputy Chief Executive said.

Algerian Central Bank Governor Fired Following Oil Price Drop

After more than a decade as Algeria's Central Bank Governor, Mohammed Laksaci has been fired by President Abdelaziz Bouteflika apparently over his management of fall-out from the 2014-2015 global oil price drop.

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