News / International
Saudi Arabia Considering Paying Contractors with IOUs
Saudi Arabia has told banks in the country that it is considering giving contractors IOUs (abbreviated from the phrase "I owe you") to settle some outstanding bills.
Jordan to Boost Energy Cooperation with Algeria, Egypt, Palestine
Jordan signed multiple agreements with Algeria, Egypt, Palestine on energy investment and mineral resources exploration on hope of boosting co-operation in the growing sectors.
Israel Reaches Deal to Develop Leviathan Gas Plan
After months of negotiations, Israel has reached a deal with the Texas-based Noble Energy and Israel's Delek Group that will finally allow the firms to move forward with development of the huge Leviathan natural gas field.
Namibia Launches Solar Energy Farm
The construction of the first phase of the Trekkopje Solar Project, a 27MW solar energy farm near Arandis, in Namibia has begun and should be completed by the first half of next year.
Venezuela, China Reach Better Oil-for-Loans Deal
Venezuela's crisis-hit economy has been given room to breathe as the oil-exporting country reaches a deal with its main financier China to improve the conditions of an oil-for-loans deal.
Petrobras Renews Two Offshore Leases for 27 Years
Brazilian petroleum regulator ANP said that it extended state-run oil company Petrobras' concessions to explore and produce oil from the Marlim and Voador offshore fields for 27 years, to 2052.
Rebels Attack Eni’s Gas Pipeline in Nigeria
A gas pipeline owned by the Nigeria subsidiary of Italy's Eni has been attacked by a militant group in the Niger Delta, the latest in a string of attacks on major oil and gas companies operating projects in the area. Russia, Vietnam Sign New Energy Deals
Vietnam's state-owned PetroVietnam and Russia’s top oil and gas companies signed several cooperation agreements and memoranda to expand their ties in the energy sector.
