News / International
Saudi Butanol Launches Commercial Operations
Saudi Butanol Co (SABUCO), a joint venture of local petrochemicals firms, has started commercial operations at its plant in Jubail.
Exxon Mobil Eyes Eni’s Gas Field in Mozambique
Exxon Mobil is in talks to buy a stake of around 15% in Italian oil major Eni's giant Area 4 gas field in Mozambique.
China’s Offshore Corp. Records 66% Profit Drop in 2015
China National Offshore Oil Corporation (CNOOC), the country's largest offshore oil and natural gas developer, announced that its 2015 net profit slumped 66.4% due to lower oil prices.
Iran Ready to Deliver Gas to Pakistan
Iranian President Hassan Rouhani said that Iran had completed work on its side of a much-delayed pipeline to be able to pump natural gas to Pakistan and would be in a position to provide gas to its energy-starved neighbor in a few months.
Kuwait Oil Company Discovers New Oil&Gas Field
Kuwait Oil Company, the government-owned holding company, said it has discovered a new oil and gas field in the al-Jathatheel region, in the western part of the country.
Morocco Refiner Samir Appeals Court Decision on Liquidation
Morocco's oil refiner Samir has lodged an appeal against a recent court decision that placed it into liquidation and named an independent trustee to run the company, the refiner's lawyer said.
TransCanada to Buy Columbia Pipeline Group for $10.2b
TransCanada, the company behind the controversial Keystone XL oil pipeline, said it will buy Columbia Pipeline Group for $10.2b, creating one of North America’s largest regulated natural gas transmission businesses.
Congo Orders Oil, Mining Companies to Pay Taxes in US Dollars
In attempt to increase foreign currency reserves, Democratic Republic of Congo ordered mining and oil firms to pay taxes and import duties in US dollars rather than in the national currency, the Central Bank of Congo announced.
