News / International

Nigeria to Speed Up Oil&Gas Contracts

Nigeria is determined to cut the contracting cycle –the time between the bidding process and the actual award of contracts– in the country’s oil and gas industry from the current average period of two to four years, to just six months.

Russia’s Rosneft Eyeing Iranian Oil&Gas Projects

Russian oil producer Rosneft is interested in oil and gas projects in Iran, according to the Energy Minister, Alexander Novak. However, the Minister added that "It is too early to talk about any concrete plans as Iran".

Schlumberger Reduces Operations in Venezuela

Schlumberger, the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry, will reduce activity in Venezuela after failing to collect enough payments.

Buhari Vows to Deal With Oil Militants

Nigeria’s President Buhari has vowed to crack down on groups responsible for attacks on oil pipelines, which have contributed to a fuel shortage in the country. "We will deal with them the way we dealt with Boko Haram," Buhari said.

Italy’s Saipem to Work on Offshore Gas Pipeline

Italy's Saipem has bagged an order to lay the subsea Trans Adriatic Pipeline (TAP) that will bring Azeri gas into Italy, the oil contractor said. The company said work on the 105-kilometer section running from Albania to southern Italy would begin this year.

Nigeria’s Army Commissions its First Oil&Gas Filling Station

The Nigeria Army (NAPL) has commissioned its first oil and gas filling station, that was recently built in Minna, Niger state capital. The army plans to build filling stations in 36 states of Nigeria in total.

15 Member Consortium to Carry Israeli Gas to Europe via Turkey

At least 15 energy companies want to be part of a planned consortium which will carry Israeli gas to Europe via Turkey, according to Turcas CEO, Batu Aksoy, who said the first Israeli gas may reach Turkey in the next five years.

Iran in Talks with Shell over Oil Supply to South Africa

Iran will provide oil needed for some Shell refineries in South Africa once an agreement has been made, National Iranian Oil Company's (NIOC) International Affairs Director, Mohsen Qamsari, said, announcing that talks are underway between Iran and the British company.

Mexico to Support National Oil Company Pemex With $4.2b

Mexico's finance ministry announced a series of measures to improve national oil company Pemex's ailing finances, giving $4.2b liquidity boost.

Croatia Plans to Complete Floating LNG Terminal by 2018

Croatia intends to complete the construction of a floating LNG terminal in the northern Adriatic Sea by 2018, and the initial capacity would be about 2bcm of gas annually, according to the Economy Minister.

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