News / International
Nigeria Backs Oil Output Freeze
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their market share lost due to sanctions and war.
Cyprus Plans New Offshore Licensing Bids
Cyprus is planning a third offshore licensing round for oil and gas exploration in the eastern Mediterranean Sea.
Kurdistan Proceeds $15m in Payment to Gulf Keystone Petroleum
The Kurdistan Regional Government (KRG) has authorized a gross payment of $15m to the Gulf Keystone Petroleum (GKP) company for crude exports from the Shaikan field.
BP, Statoil, Algerian Sonatrach, Launch In Salah Gas Production
BP and its joint venture partners Algerian Sonatrach and Norwegian Statoil have commenced production of gas from the In Salah Southern Fields (ISSF) project in Algeria.
Qatar Petroleum Planning Al Shaheed Unit Sale
Qatar Petroleum has chosen HSBC to advise it on the sale of its Al Shaheen Holding subsidiary, three sources with knowledge of the matter said on Thursday, as it seeks to cut costs in response to lower oil prices.
US to Offer 45m Acres in Exploration Bids in Gulf of Mexico
The US Bureau of Ocean Energy Management (BOEM) announced it would offer approximately 45m acres in the Gulf of Mexico for oil and gas exploration and development in two March lease sales.
Kenya to Boost Oil Exports by Trucks and Trains before 2017
The Kenyan government is considering moving its crude oil by road and railway in line with a strategy to boost crude exports before the 2017 election, which would mean to sidestep bureaucracy involved in constructing a joint pipeline with Uganda and other countries.
Oman to Seek Foreign Loans to Finance Oil&Gas Projects
State-owned Petroleum Development Oman (PDO) will in future borrow abroad if it needs to finance projects rather than ask for more funds from its shareholders.
