News / International

US Oil&Gas Rig Count Drops to Record Lows

The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940. In spite of the decline, oil and gas production has been surprisingly resilient.

Nigeria’s Oil Unions End Strike After Govt Promises

Nigerian unions ended a day-old strike against the split of the state-owned Nigerian National Petroleum Corp. (NNPC) after a minister promised there would be no job cuts.

US Gulf Oil, First Foreign Co. to Enter Mexico’s Gasoline Market

US based Gulf Oil LP it is entering Mexico's gasoline retail market, becoming the first foreign company to do after the energy reform that ended more than seven decades of government monopoly in the sector.

Algeria’s Sonatrach Awards $880m Drilling Tubes Deals

Algeria's state energy firm Sonatrach has awarded an $880m contract to four foreign firms for a supply of oil and gas drilling tubes. The four companies are Germany's CCC Machinery, Dutch firm Van Leeuwen, Japan's Marubeni-Itochu, and Vallourec Tubes France.

Egypt, Jordan, Iraq Affirmed Joint Oil, Gas Pipeline Projects

Egyptian, Jordanian, and Iraqi Oil Ministers confirmed their countries' commitments to pursue oil- and gas-related projects that had been previously agreed through a Memorandum of Understanding signed in mid-November 2015, Egypt's government informed in a statement, following trilateral talks held in Cairo.

US Presidential Candidate Clinton Calls for Sanctions Against Iran

US Democratic presidential front-runner Hillary Clinton called for sanctions against Iran after the Islamic Republic brushed off US concerns and test-fired two ballistic missiles that it said were designed to be able to hit Israel.

Iran, Pakistan to Negotiate Halted IP Gas Pipeline Project

Tehran is to negotiate the halted Iran-Pakistan (IP) gas pipeline project during Iranian President, Hassan Rouhani's visit to Islamabad at the end of March.

LatAm Oil Producers Meeting Postponed

A key meeting between Latin American oil producers and exporters planned to unify the region in backing an output freeze or other measures to bolster prices, has been postponed due to scheduling difficulties.

Kenya Aims First NorthWest Fields Crude Production by 2017

Kenya aims to start small-scale crude oil production from fields in its northwest in 2017 and has commenced to work on road and rail infrastructure that will be used to transport it.

Nigeria Oil Workers Stage Strike, Shutting Down NNPC

Nigerian trade unions shutted down the offices of the Nigerian National Petroleum Corporation, NNPC, in protest at plans to reorganize the company. The strike raises the spectre of further oil shortages in the country.

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