News / International
Kuwait Energy Signs Block 9 Oil Sales Agreement with Iraq
Kuwait Energy announced the signing of Iraq's Block 9 Export Oil Sales Agreement with the State Oil Marketing Company (SOMO), an Iraqi national company responsible for marketing nation's oil.
Algeria’s Sonatrach Signs Deal with Japanese JGC Corporation
Sonatrach group inked a study, supply, construction and commissioning contract with the Japanese company JGC Corporation and JGC Algeria Spa. The planned revamping projects will enable the group to avoid a daily gas flare of 2mm3, strengthen recuperation and compression of associated gases transferred to the processing center in south, and successively increase crude production by 20,000b/d.
Italy and Iran Ink Energy Deals Potentially Worth Billions
Italy and Iran signed deals potentially worth billions when Prime Minister, Matteo Renzi, visited Tehran seeking a strong Italian foothold in a nation hungry for infrastructure investment as it emerges from financial isolation.
Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting
Crude oil prices jumped on 12th April and closed at 2016 highs after reports that Saudi Arabia and Russia have reached an agreement on an oil-production freeze.
South Africa Tests Resilience of its Power System
Eskom, the South African electricity public utility, informed that the resilience of the power system in the country was stress tested following multiple trips of units at three power stations resulting in a loss of 3.535MW.
NNPC Raises Fuel Supply to Abuja, Other States
The fuel supply and distribution situation in Nigeria is gradually easing out after the Nigerian National Petroleum Corporation increased the distribution of Premium Motor Spirit (PMS), known as petrol.
Nigerian Environmental Groups Call for Audit at Agip Oilfields
The Environmental Rights Action / Friends of Earth Nigeria (ERA/FoEN), called for a comprehensive audit of safety procedures at Agip oil fields in Bayelsa following frequent fatal explosions.
TransCanada Restarts Keystone Pipeline After Leak
TransCanada has resumed sending oil through the Keystone Pipeline after a week long shutdown prompted by a leak and oil spill in southeastern South Dakota.
