News / International
Libya Peace Deal Expected to Restore Oil Output
The UN-backed deal signed between Libya's two rival factions in Morocco on December 17th is to create a unity government to help recover stability in the divided country, and counter the threat of Islamic State militants.
Mexico Offers its First Deep-Water Exploration Blocks to Bidders
Mexico is offering its first deep-water oil and gas exploration blocks to bidders as part of the historic energy industry overhaul that will open the sector to private investment.
Egypt Hosts OAPEC Conference
Egypt hosted the 95th Organization of Arab Petroleum Exporting Countries (OAPEC) ministerial meeting on December 20th.
Jordan Gas Deliveries to Egypt Disrupted by Weather
Jordan's National Electric Power Company (NEPCO) has informed EGAS that is cannot meet its agreed upon delivery of gas due to the disruption of its LNG facilities because of weather.
Saudi Regime Bracing for Major Economic Reforms
Saudi Arabia's Deputy Crown Prince, Mohammed bin Salman has outlined plans to reshape country's economy to withstand low oil prices.
Tunisia Receives $16.3m in EU Funding for Renewables
The European Union will provide $16.3m in funding for renewable energies and energy efficiency initiatives in Tunisia as part of a $54.3m funding package to support development of the private sector and professional training in the country.
UK Legalizes Fracking for Shale Gas Extraction
The UK MPs have voted to legalize fracking for extraction of shale gas trapped in underground shale rocks some 1,200m below national parks to offset declining North Sea oil and gas output.
Angola Secures 10-Year Commitment from Chinese Oil Firm
Angola’s state energy company Sonangol signed a 10-year agreement with Sinochem Group seeking to increase its funds to withstand low oil price and US shale competition.
