News / International
US to Lift Oil Export Ban Valued at $1.9b in Total
US Congress has approved a deal to lift a 40-year-old ban on US crude export to allow domestic oil producers sell their production in the global market without restrictions
ABB Wins $11b Contract for TANAP
Swiss ABB has won a contract worth $11b for the 1,850km Trans-Anatolian Natural Gas Pipeline (TANAP) to deliver Azerbaijan's natural gas from the Shah Deniz 2 field in the Caspian Sea to Europe.
OPEC Projects Oil Price Rise in Early 2016
OPEC announced that global crude oil prices, currently at the seven-year low, could rise in under a year time amid cuts in oil output from some producers.
Nigeria to Cut Petrol Subsidies in 2016 amid Oil Production Drop
Nigeria plans to reintroduce the old petrol price of $0.49 (N97) per liter in 2016 in line with the country's policy to cut oil subsidies amid the global oil price slump.
Tullow Finds Kenya’s Oil Resources Increasing
Tullow Oil Plc, the London-based oil explorer in Africa announced that the potential size of oil resources discovered in northern Kenya's Etom-2 well increased.
Technip Wins Subsea Contract in Gulf of Mexico
Technip has won a lump sum contract by Deep Gulf Energy II to develop the Odd Job field in the ultra deepwater field in the Gulf of Mexico.
Iran Cleared of Nuclear Suspicions by IAEA
The Vienna-based International Atomic Energy Agency (IAEA) announced that it had ended its 12-year-long investigation into concerns that Iran might be developing nuclear weapons, as no evidence was found since 2009.
Stirling to Train Kurdish Oil Workers in HSE
UAE-based Stirling Group, the leading provider of health, safety and environmental (HSE) services, has partnered with the EU Iraq Energy Center (EUIEC) to deliver risk management training for the Iraqi oil and gas industry.
