News / International
Israel, Egypt Expected to Compromise on Gas Deal
Israel and Egypt are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal for export of Israeli offshore gas to Egypt.
Nigeria: Subsidy Removal will Attract Foreign Investment
Nigeria's Minister of State for Petroleum Resources, Ibe Kachikwu, defended the new fuel price regime saying it would encourage massive investment in infrastructure by attracting Foreign Direct Investment.
Rwanda Opens Pioneering Methane Electricity Plant
Rwanda formally opened a mega methane gas power plant, the Kivu-Watt Gas Power project, which is expected to produce more than 100MW from Lake Kivu in Western Province, a methane-rich water body.
EBRD Considers Largest Loan for Trans Adriatic Pipeline
The European Bank for Reconstruction and Development (EBRD) is considering financing of up to $1,7b for the Trans-Adriatic gas pipeline in a record loan, its Managing Director of Energy said.
CNPC to Construct Second China-Russia Oil Pipeline
China National Petroleum Corp. (CNPC) will start laying a second domestic oil pipeline in June to allow for increased Russian crude supplies to flow to China’s northeastern city of Daqing.
Total Launches Huge Offshore Project in Britain’s Shetlands
French energy giant Total has officially launched a huge new gas project in Britain's remote Shetland Islands, hailed by London as a "vote of confidence" in the flagging North Sea oil and gas industry.
Norwegian Statoil to Explore for Gas in Turkey
Norwegian energy company Statoil announced that it had signed an agreement with Canadian exploration company Valeura Energy to help explore the shale gas potential in Turkey.
Rival Libyan Factions Approves Unified Oil Structure
Rival factions have agreed in principle to have one oil organisation for strife-torn Libya, the Foreign Minister in the new UN-backed, national unity government said.
