News / International
Libyan Authorities Debate Oil, Power Bottlenecks
The Libyan National Oil Corporation (NOC), the Tripoli-based Audit Bureau, and Mayors of the southern Libyan region discussed efforts to loosen bottlenecks on oil and power production.
Brazil Hits Record Oil, Gas Output in June
Brazil's oil and natural gas production increased to its highest-ever level of 3.21mb/d in June, a rise of 7.1% compared to a year earlier.
Armenia Sets up New State Gas Company
The Armenian government has decided to establish a new state gas agency - Energaimpex - to deal with the expansion of natural gas imports from Iran.
Gazprom Aims to Join Iranian Gas Bid
Russian energy giant Gazprom has sent a note to Iranian authorities with a request to participate in gas liquefaction bids in order to enhance Iran's gas project development and Iranian gas exports to Europe.
China Eying Oil, Gas Investments in Sudan
The Sudanese Minister of Oil and Gas, Dr. Mohamed Zayid Awad, has stated that Chinese companies are willing to invest in Sudan's oil and gas industry, with reference that China already holds 75% of foreign oil investments in the country.
Saudi Maintains Near-Record Crude Output
Saudi Arabia keeps pumping at near-record levels to defend sales in Asia, its biggest market, amid an increase in global supply. In addition, Saudi Aramco, the state-run oil giant, said that both its drilling and IPO plans remain unchanged.
Kurdistan Oil Revenues Decline in July
Kurdistan’s oil revenue fell nearly 20% in July to less than $400m, as export loadings slipped and oil traders slashed their monthly prepayments to the Kurdistan Regional Government.
US Oil Producer Pioneer Posts $268m Net Loss in Q2
US oil producer Pioneer Natural Resources Co. posted a second-quarter net loss of $268m, wider than $218m a year ago.
