News / International
Non-Opec Producers Cutting Back Oil Output
Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance.
Algeria Awards $40m LPG Vessel Deal to China
Algeria's Sonatrach has awarded a $40m deal to two Chinese firms to deliver a liquefied petroleum gas (LPG) carrier and a second vessel.
Nigeria Army Arrests Suspected ‘Avengers’ Militants
The Nigerian army has arrested several suspected members of a militant group called the Niger Delta Avengers (NDA), thought to be behind recent attacks on oil pipelines in the restive Delta region.
ENI Analyses Gas Exploration in Mozambique
The Managing Director of Eni East Africa said the final investment decision on natural gas exploration in the Rovuma basin, in Mozambique, may still be taken this year.
Nigeria Maintains Oil-Revenue Forecast Despite Decline
Nigeria maintained revenue forecast for this year’s budget based on daily oil production of 2.2m barrels despite output falling over the April, reaching a 22 year low currently.
Chevron Evacuates Staff in Nigeria Following More Attacks
Chevron Corporation has been jolted by another attack in Nigeria: an explosion hit the company's Marakaba pipeline that shook the company’s facility in Nigeria’s Delta State. The company commenced the evacuation of staff.
Nigeria Unions Call for General Strike Over Gas Price Hike
Nigeria's two main labour unions called for an indefinite general strike from Wednesday May 18th, unless the government reverses its plan to increase the price of petrol.
Iran to Build Wind Farm in Kazakhstan
Iran has signed an agreement with Kazakhstan towards building a 50MW wind power plant in the west of Kazakhstan, near the country's Caspian Sea shores. The Kazakh government will finance the $110m project.
