News / International
Libya’s UN-Backed Unity Government Sets Up Seat of Power
The Head of a UN-brokered Libyan unity government, Fayez Serraj, and six members of the Presidential Council arrived in the capital by sea end of March to set up a temporary seat of power in a naval base despite threats from competing factions, according to the unity government's website.
China’s Oil Giants Take Spending Cuts Deeper
PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides Saudi Arabia, will reduce combined capital expenditure by about 8% this year.
Kenya to Build Own Oil Pipeline If Ugandan Plan Falls Through
Kenya may build its own pipeline to transport oil from the northern Turkana region to a port at the coast if a proposal to build one jointly with Uganda falls through, Kenyan Energy Principal Secretary said.
Korean KEPCO Eyes New Nuclear Power Plants Deals in MENA
Korea Electric Power Corp. (KEPCO) wants to gain more contracts to build nuclear power plants in the Middle East to facilitate its goal of becoming one of the world's top nuclear power operators.
GE to Install First Solar Hybrid Technology in Nigeria
General Electric Company (GE) will develop its first African installation of solar hybrid technology at a factory in Kaduna, northern Nigeria later this year to reduce emissions.
Eni Buys Chariot’s Majority Stake in Morocco’s Offshore Project
Chariot Oil & Gas Limited has unveiled a deal with Italian major Eni to sell the majority of its stake in the Rabat Deep exploration project, offshore Morocco.
TransCanada to Sell Assets to Fund Pipeline Growth
TransCanada is looking to sell its New England power generation business as part of its effort to finance its $10b acquisition of Houston-based Columbia Pipeline Group.
Iranian Crude Exports to Asia Expected to Increase
Iranian crude export to the Asian markets in February jumped by about 25% from a year earlier to levels last seen in 2014, as latest market figures show.
