News / International
LatAm Oil Producers Meeting Postponed
A key meeting between Latin American oil producers and exporters planned to unify the region in backing an output freeze or other measures to bolster prices, has been postponed due to scheduling difficulties.
Kenya Aims First NorthWest Fields Crude Production by 2017
Kenya aims to start small-scale crude oil production from fields in its northwest in 2017 and has commenced to work on road and rail infrastructure that will be used to transport it.
Nigeria Oil Workers Stage Strike, Shutting Down NNPC
Nigerian trade unions shutted down the offices of the Nigerian National Petroleum Corporation, NNPC, in protest at plans to reorganize the company. The strike raises the spectre of further oil shortages in the country.
Chevron Cuts Capital Spending Plans for 2016-2018
US energy giant Chevron said it was further cutting spending plans for 2016-2018 to address low oil and natural gas prices that are hammering its profits. The company will also slash 10% of its workforce in 2016.
Sound Energy Acquires 50% of Sidi Moktar Licences in Morocco
Sound Energy, the Mediterranean focused upstream gas company, has announced signing a binding agreement for the acquisition of additional 50% of operated interest from PetroMaroc Corporation in three onshore gas permits located in Morocco - the 'Sidi Moktar Licences'.
Bahrain Plans $355m Project to Recover Untapped Oil
Bahrain is considering to launch a $355m pilot project that will help recover a huge untapped resource in the residual oil saturation in the Gas Cap of the Mauddud reservoir.
Azeri SOCAR to Reconstruct Baku Oil Refinery
The State Oil Company of Azerbaijan (SOCAR) and KBR, the American engineering, procurement, and construction company, will create an ad hoc group of experts for the management of the reconstruction work of the Baku Oil Refinery named after Heydar Aliyev.
Ukraine Seeking Energy Cooperation with Iran
Ukraine is seeking to launch joint ventures with Iran in oil, gas, petrochemicals, and agriculture sectors, said Ukrainian Deputy Prime Minister and Minister of Regional Development, Construction and Municipal Economy, Gennadiy Zubko.
