News / International
Norway Faces Risk of Oil Strikes
Norway's oil and gas biggest Unions are threatening with a strike –that would affect eight North Sea platforms run by Royal Dutch Shell– if the companies do not meet their expectations over wages and working conditions for offshore workers.
Sasol Investing $1.4b in Mozambique Gas Platform
South African energy group Sasol has started drilling the first of what will be 12 new gas and oil wells in Mozambique –with first production expected in mid-2019–, where the government recently approved a production sharing agreement.
Kuwait Looks to Solar for Enhanced Oil Recovery
In its searching for alternative methods to maximise production at a cheaper price, Kuwait Oil Company (KOC) said it was in discussions with companies to use solar for enhanced oil recovery (EOR).
Iran Calls for Cooperation with Ukraine to Boost Exports
Iranian President called for cooperation between Iran and Ukraine in fields of energy and transit.
UK Tax From North Sea Turns Negative for First Time
The United Kingdom’s net revenues from taxes levied on oil and gas companies operating on or near the North Sea turned negative for the first time since records began in 1968.
Leviathan Partners Sign $3b Israeli Gas Supply Deal
The partners in Israel’s Leviathan natural gas announced they had signed a deal to supply $3b of gas to a new power plant.
Indonesian Pertamina Acquires Two Russian Oil, Gas Blocks
Indonesian state-owned energy company Pertamina has officially signed a framework agreement in the oil and gas sector with the Russian energy giant Rosneft. The target is to obtain additional oil production of 35,000b/pd and oil reserves of 200m barrels.
Kuwait to Invest $115b in Oil Projects Despite Price Fall
Kuwait announced it plans to invest $115b on oil projects over the next five years, despite the slump in oil prices. Over $100b will be spent on the local market while the rest will be spent abroad.
