News / International
Nigeria to Increase Petrol Price, Considering Privatisation
Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its funding crisis
Petroceltic Drilled First out of 24 Gas Wells in Algeria
The Dublin-based Petroceltic International had successfully drilled the first of 24 new development wells on its Ain Tsila gas and condensate field in Algeria.
Riyadh Bans Iranian Crude Vessels Entering Saudi Waters
The Financial Times (FT) reported that Saudi Arabia has taken steps to slow Iran’s efforts at increasing oil exports, banning vessels that transport Iranian crude from entering their waters, according to traders and shipbrokers.
India, Iran to Boost Bilateral Energy Ties
Iran and India are preparing to strike new energy deals and boost bilateral ties by settling India's $6b debt to Tehran.
Norway To Ramp Up Gas Production Capacity
Norway will allow increased production from its biggest natural gas field as Europe’s second-largest supplier of the fuel prepares for increased competition with Russia and the US.
TransCanada Shuts Down Keystone Pipeline over Oil Leak
After raising $3.37b in the largest equity offering in Canada, TransCanada Corporation (USA) announced shutting down parts of its Keystone pipeline for a week, as threat of a possible oil leak in South Dakota looms.
Omani Firms Venturing as Upstream E&P Operators
Omani firms are increasingly venturing into upstream oil and gas exploration and production (E&P) sector as operators, long regarded as the exclusive preserve of international players, a senior official at the Ministry of Oil&Gas informed.
Russian Oil Output Hits Record, Oil Freeze in Doubt
Russia’s oil output set a post-Soviet high in March as the success of a proposed crude production freeze between OPEC members and other major producers appeared to be in doubt.
