News / International
Colombian Rebel Group Attacks Cano Limon Oil Pipeline
Production along Colombia's second most important oil pipeline, the Cano-Limon Covenas, has been suspended following two rebel bomb attacks carried out by National Liberation Army (ELN).
Nigeria to Extend Oil&Gas Exploration In Lake Chad Basin
Nigeria plans to extend oil and gas exploration in new fields in the Lake Chad Basin in the North East and in the coastal states such as Lagos, where oil has been discovered in commercial quantity.
Russia Supports Iran’s Aspiration to Restore Its Oil Market Share
Russia's Energy Minister, Alexander Novak, said that Iran would consider joining a global deal to cap oil production only after it restores its oil output back to levels it enjoyed before international sanctions at 4mb/d.
India’s ONGC Plans $5b Deep Water Investment
India's Oil and Natural Gas Corporation (ONGC) will invest around $5b to develop a major gas asset in the eastern Krishna Godavari (KG) basin, with a higher resulting level of output so that it will become the company's second biggest hydrocarbon asset in the country.
US Energy XXI Mulls Bankruptcy Protection Amid Low Oil Prices
US oil and gas producer Energy XXI may seek Chapter 11 bankruptcy protection in March if oil prices remain low and it fails to refinance its debt.
China Wants More of Nigeria’s Oil
China is seeking more crude oil exports from Nigeria in spite of the recent changes in oil prices. In 2015, total amount of the Nigerian crude export to the country was about 1m barrels, which means 1.3% of Nigeria’s annual oil export.
NREA Head Calls for Arab States’ Renewables Entity
Egypt's New and Renewable Energy Authority's (NREA) Head, Mohamed Salah El Sobky, has called for establishment of a special renewable energy entity for Arab states.
Sonangol’s Ex-CEO Tipped as Possible President of Angola
Angola's Vice-President and former CEO of state-run oil company, Sonangol, Manuel Vicente, is being considered as one of possible presidential successors, following the announcement that the current head of the country, José Eduardo dos Santos, may resign by 2018.
