News / International
Brazil’s Petrobras Notes Record High Oil & Gas Outputs
Brazilian state-run oil company, Petroleo Brasileiro SA (Petrobras) has declared that new wells have helped push oil and natural gas output to a record high in June 2016 after falling to two-year lows in recent months because of platform maintenance.
Nigeria’s President Replaces Oil Minister
Nigeria's Oil Minister, Emmanuel Ibe Kachikwu, has been ousted from his position and appointed as the Group Managing Director of state oil company NNPC.
Iran Exports 2m Barrels of Crude to Poland
The director for international affairs at National Iranian Oil Company (NIOC), Mohsen Ghamsari, has declared that Poland’s Grupa Lotos has bought 2m barrels of Iran’s crude oil in a one-off purchase.
ISIS Establishes Micro-Refineries in Iraqi Oil Fields
Satellite images show that the Islamic State (IS) has dug hundreds of pits in Mosul oilfields to store and refine crude oil after its refineries and oil tankers were destroyed.
French Total Files Arbitration Against Algeria
French oil major Total had filed a request for arbitration against Algeria for changing profit sharing terms in oil and gas contracts in the mid 2000s. The Algerian national oil company Sonatrach said in a statement that it anticipates the legal action will have little impact.
Shell Demands Aramco to Pay $2b in Compensation for JV Breakup
Royal Dutch Shell has asked Saudi Aramco for up to $2b as part of the breakup of their giant Motiva Enterprises refining joint venture (JV) in the United States.
India Resumes Iran’s Crude Oil Imports
Shipping Corporation of India (SCI), announced that it will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner.
Brazil to Auction 4 Sub-Salt Areas in 2017
According to the Incoming Secretary of oil and gas at Brazil’s Ministry of Energy, Marcio Felix, the Brazilian government has announced its plans to hold its second auction of four sub-salt exploration and production areas by mid 2017.
