News / International
Africa Energy to Acquire 90% Interest in South African Block
Africa Energy Corporation (AEC), a Canada-based exploration company - formerly known as Horn Petroleum Corporation, will acquire a 90% working interest and operatorship in Block 2B offshore South Africa.
Iran Allocates $6b for Petrochem, Refining Projects
Iran’s National Development Fund has allocated $6b for the execution of petrochemical and refining projects in the current fiscal year ending in March 2016.
African Petroleum, Ophir Energy Sign Côte d’Ivoire Oil Deal
African Petroleum, an independent oil and gas exploration company operating ten licenses in five countries offshore West Africa, has entered into a new Production Sharing Contract (PSC) with Ophir Energy to cover the CI-513 license area in Côte d'Ivoire.
India’s Oil Imports on the Rise
India has shipped in 7.2% more oil in November, compared with a year ago, with Saudi Arabia as the top seller, and Iran's imports seeing the lowest level.
Topaz Wins Offshore International Awards
Topaz Energy and Marine, a leading international offshore support vessel company, won the ‘Offshore and Energy’ and ‘Maritime Services’ awards at this year’s Lloyd’s List Middle East and Indian Subcontinent Awards in Dubai.
ENI, Sonangol Commit to Update Plans for Lobito Refinery
Angolan state oil company Sonangol signed a commitment with Italian ENI to upgrade current plans for the completion of the Lobito refinery site, delayed over rising costs and financing problems.
Nigeria Directs Country-Wide Fuel Supply Intervention
Nigeria's Ministry of State for Petroleum Resources has issued a direction to agencies requesting a special supply intervention to ensure petroleum products will be delivered during the upcoming Christmas holiday.
Eastern Libyan State Oil Company Signs Deal with Egypt
The state oil company of Libya’s eastern government has completed a deal to sell 2m barrels of oil to Egypt.
