News / International
China’s Fourth-Largest Oil Producer to Cut Salaries, Spending, Investments
Shaanxi Yanchang Petroleum Group, China’s fourth-biggest oil producer, is cutting investments and salaries due to the oil price crash.
Jordan Seeking LNG Supplies from Russia’s Gazprom
Jordan is ready to buy liquefied natural gas (LNG) from Russia’s gas giant Gazprom, and both countries marked also their readiness to expand bilateral cooperation in energy sector.
Israeli Court Strikes Down Leviathan Gas Field Development Deal
Israel’s High Court of Justice struck down a deal that Prime Minister Benjamin Netanyahu reached in December to enable the development of a major offshore natural gas field, Leviathan, causing further delays in gas exports from the field.
Saudi Butanol Launches Commercial Operations
Saudi Butanol Co (SABUCO), a joint venture of local petrochemicals firms, has started commercial operations at its plant in Jubail.
Exxon Mobil Eyes Eni’s Gas Field in Mozambique
Exxon Mobil is in talks to buy a stake of around 15% in Italian oil major Eni's giant Area 4 gas field in Mozambique.
China’s Offshore Corp. Records 66% Profit Drop in 2015
China National Offshore Oil Corporation (CNOOC), the country's largest offshore oil and natural gas developer, announced that its 2015 net profit slumped 66.4% due to lower oil prices.
Iran Ready to Deliver Gas to Pakistan
Iranian President Hassan Rouhani said that Iran had completed work on its side of a much-delayed pipeline to be able to pump natural gas to Pakistan and would be in a position to provide gas to its energy-starved neighbor in a few months.
Kuwait Oil Company Discovers New Oil&Gas Field
Kuwait Oil Company, the government-owned holding company, said it has discovered a new oil and gas field in the al-Jathatheel region, in the western part of the country.
