News / International
Mexico’s Proven Oil and Gas Reserves Fell 21% in 2015
Mexico’s proven oil and gas reserves dropped 21.3 percent in 2015, the oil regulator said, as the state-run oil company, Pemex, cut back on investment because of plunging crude prices.
Russia’s Discount on Gas Supplies to Ukraine Expired
As of April 1st, Ukraine is to pay contractual price for buying natural gas from Russia as the discount that Moscow had given to Kiev in Q1 has expired, Russian Energy Minister, Alexander Novak, said.
Eni Acquires License for Ghana Offshore Oil&Gas Exploration
Italy’s Eni oil and gas company has been awarded an exploration license off the coast of Ghana. The new offshore licence, the Cape Three Points Block 4, in the prolific Tano basin, and it is expected to start producing oil in 2017 and gas the following year.
Gazprom Expects Record Gas Exports to Europe in 2016
Russian energy giant Gazprom expects that its gas exports to Europe will reach record levels in 2016.
Italy’s Economic Minister Resigns Amid Oil Probe
Italy’s Economic Development Minister has resigned amid allegations that she passed along confidential information to her boyfriend that helped his business interests, related to contracts with French oil giant Total in its plans to develop the Tempa Rossa oil field.
Nigeria’s Kaduna Refinery Expected to Resume by Mid-April
The head of the upstream division at Nigerian National Petroleum Corporation (NNPC) informed that production of Kaduna refinery plant is expected to restart by mid-April, Reuters reported.
Russian Rosneft Set to Lower Oil Output
Russian Rosneft is set to lower oil output, Natural Resources Minister, Sergei Donskoi said, ahead of a meeting of leading global oil producers in Doha on April 17th to discuss an output freeze to support weak oil prices.
Shell Under Investigation With Eni Over Nigerian Offshore Oil Deal
Italian prosecutors are investigating Royal Dutch Shell’s involvement in a Nigerian oil deal, drawing the oil company into a corruption probe over the acquisition of an offshore field in the African country in 2011 together with Italy's Eni.
