News / International
Nigeria to Restructure State Oil Giant to Make it Profitable
Nigeria is set to split its giant state-run National Oil Company into 7 independent units -before it was said the split would be into 30 units– in an effort to improve efficiency in the wake of the oil price crash.
Russia’s Rosneft to Increase Oil Deliveries to Europe by 3%-5%
Russia's largest oil producer Rosneft plans to increase oil deliveries to European customers via the Druzhba pipeline to 28.7-29mmt/yearin 2016, or by 3% to 5%.
South African Investors Compete over Mozambican Gas Pipelines
South African investors seek to construct two gas pipelines for the transportation of Mozambican gas to the country.
Brazil’s Ex-President Questioned in Petrobras Corruption Probe
Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning in a federal investigation of a vast corruption scheme related to the state oil company Petrobras.
Djibouti Launches Mega Gas Project
Republic of Djibouti and Ethiopia have launched a new $4b mega-gas project for the export of Ethiopian gas. This will become the second major joint energy infrastructure project between the two countries.
Shell Lining Up for $30b Divestment Plan in 2016-2018
Royal Dutch Shell Plc is lining up assets for a $30b divestment program between 2016 and 2018 that may extend from the US and Trinidad to India following its record takeover of BG Group.
EU Approves Trans-Adriatic Pipeline Deal
The European Union has approved a deal between Greece and the Trans-Adriatic Pipeline (TAP), which will bring gas from Azerbaijan to Europe.
Russia’s Gazprom Neft Recorded Arctic Oil Output Rise in 2015
Russia's Gazprom Neft said that it had increased its crude output in 2015 due to higher production from its Arctic projects SeverEnergia, Prirazlomnoye and Novoport as well as continued growth at projects in the Orenburg region and Iraq.
