News / International
Saudi Arabia Hikes Asian Oil Prices
Saudi Arabia raised its pricing for June oil sales to Asia by the most since April 2015, a sign that the world’s biggest crude exporter expects demand to recover.
Total Seeks Solar Business in Qatar Ahead World Cup
Global energy giant French Total is seeking to set up a solar business in Qatar to boost its chances of bagging the coveted solar project that would give Qatar’s 2022 FIFA World Cup games the smallest carbon footprint ever.
Algeria Expects To Export More Gas to Europe
As output rises from existing and new fields, Algeria expects to increase its natural gas exports to Europe by 15% to over 50bcm this year.
Iran Considering Options to Export Gas to Europe
Iran is currently considering the most convenient way to export its gas, especially to the EU following the uplift of the previously imposed sanctions.
Greece’s Sole Oil Producer Increase Output by 30%
Greece's sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30% since January, as the debt-ridden country seeks to tap into its limited oil reserves.
Dana Gas Records 50% Profit Decline in Q1
Abu Dhabi-listed company Dana Gas, which produces natural gas in Egypt and Iraq, reported a 50% decline in profit in Q1 as sales slumped due to lower hydrocarbon prices and 12% output fall.
Tanzania Plans Gas Pipeline to Uganda
Tanzania is planning to build a pipeline to supply natural gas to neighbouring Uganda, as it looks to export some of the huge offshore gas reserves discovered in recent years.
Royal Dutch Shell Cuts Spending after Profits Fall
Royal Dutch Shell will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The company said it would reduce investment to $30b from a planned $33b.
