News / International
Nigeria Needs to Increase Daily Crude Output
The Nigerian Association of Energy Economics (NAEE) said the country's currently fluctuating oil production level of 2.4mb/d may not be enough to guarantee any sustainable economic development.
Chevron to Sell All Gas Stakes in Myanmar
Chevron has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3, would be the biggest deal involving Myanmar assets to date, financial sources familiar with the matter
Iran Ready to Satisfy Turkey’s Oil, Gas Demand
Iran is ready to ensure Turkey's energy security and satisfy its demand for oil and gas, Iranian President, Hassan Rouhani, said.
Oil Output Freeze Deal Falls Apart
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on April 17th after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.
Kuwait Seeking Oil Technical Staff in Egypt, India
Kuwait National Petroleum Company (KNPC) has appealed to Egypt and India with a request to provide technical staff to work on oil facilities in the country during the recently announced general strike of the local oil industry workers.
Eni Plans to Invest $22.5b in Africa Over Next Four Years
Italy's Eni plans to invest about $22.5b in Africa over the next four years, mostly in the oil and gas industry, the company's CEO, Claudio Descalzi, said. Currently, the Italian company is involved in projects in 15 African countries. Eni Declares Force Majeure on Nigeria’s Brass Crude
Italia's Eni has declared a force majeure on Nigeria's Brass River grade of crude oil, once again throwing a spotlight onto the unreliability of exports from a country plagued by oil theft.
Hopes for Kenya-Uganda Oil Pipeline fade
Hopes of Kenya in convincing Uganda over the proposed oil pipeline route continue to diminish as talks aimed at arriving to consensus enter the home stretch.
