News / International
Nigeria Lost $831m due to Gas Flaring in 2015
Nigeria lost $831m as oil and gas firms in the country flared 271.38bscf gas in 2015, according to data published by the Nigerian National Petroleum Corporation, NNPC, in its Monthly Financial and Operations Report for December 2015.
Ghana to Develop Tema LNG Project Worth $550m
Ghana National Petroleum has signed heads of terms with Quantum Power for the construction of the liquefied natural gas (LNG) storage, regasification, and delivery facilities at Tema, Ghana.
UAE’s and Chinese Firms Launch Oil Services Joint Venture
UAE-based Al Falahi Group has signed an agreement with Chinese Eastern Dragon Co., a global leader in oil field services, to launch a joint venture worth $8m in the UAE.
US EIA Forecasts Gas Production Decline in 2016
The US Energy Information Administration (EIA) revealed its forecast for US domestic natural gas production in 2016, which is expected to mount to 79.69bcf/d, marking the sixth annual record high.
Tehran Open to Talks with OPEC about Global Oil Market
Iran’s Oil Minister, Bijan Zangeneh, said that Tehran was ready to hold talks with Riyadh to discuss the current conditions in international oil markets. “We support any form of dialogue and cooperation with OPEC member states, including Saudi Arabia.”
Fire on Mexico’s Pemex Platform Kills Three Workers
A fire that broke out on a Pemex offshore Abkatun A Permanente processing platform in Mexico's oil-rich Bay of Campeche killed three workers and injured at least seven more, but the latest in a string of incidents is now under control.
Ghana to Revise its 2016 Budget Amid Crude Price Fall
Ghana may have to revise its 2016 budget after the collapse in oil prices, Finance Minister, Seth Terkper, told a news conference, giving no specific figures.
UAE, India to Sign New Energy Agreements
India and the UAE envision signing a number of new agreements to boost bilateral cooperation in energy sector, notably in oil, gas and renewables projects.
