News / International
Russia Approves Discount on Gas Shipment to Ukraine
Russia has approved a discount on natural gas prices offered to Ukraine at about $212 per 1,000cm of Q1 deliveries.
Global Oil&Gas Investments to Fall to Six Year Low in 2016
Global oil and gas investments are expected to fall to $522b in 2016, the lowest in six years, and oil companies plan to cut spending, sell assets, shed jobs, delay or resize projects, renegotiate supply contracts, use less complex technology, and lower their investment packages.
Cairn Energy Publishes Positive Well-Test Results Off Senegal
The Edinburgh-based oil explorer, Cairn Energy said it successfully flow-tested the SNE-2 well in the Sangomar Offshore block at a rate of 8,000 barrels a day.
Nigerian Environmental Group Condemns Shell’s Poor Response to Oil Spill
Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) organization has condemned what it called a slow response of Shell Petroleum Development Company (SPDC) to the oil spill incident of July 2015 at its Adibawa Oil field in Eastern Edagberi Community.
Islamic State Clash with Guards near Libya’s Es Sider Oil Port
Islamic State militants clashed with a force guarding Libya's Es Sider oil port, and fighting continued near the major export terminal.
Iran Resumes Petchems Exports to Europe
Iran has resumed petrochemical exports to Europe for the first time in five years and received payments through an international bank in Spain, previously blocked under the 2011 sanction regime.
Oil Prices Surge Temporarily as Saudi-Iranian Tensions Mount
Oil prices rose by more than 3% today in response to the crisis brewing between Iran and Saudi Arabia following the Saudi execution of a prominent Shiite cleric, Sheikh Nimr Baqir al-Nimr.
Qatari Companies Sign $500m Renewable Power Joint Venture
Qatar Petroleum (QP) and Qatar Electricity and Water Company (QEWC) are establishing a joint venture for the generation of electricity from renewables.
