News / International
Sasol’s Executives Earnings Debated
South African Sasol group’s annual general meeting (AGM) was shaken with a decision issued by the remuneration committee to change the key performance indicators (KPIs) for executives, in a year when company earnings were hit by a slump in oil prices.
Nigeria’s New Oil Bill Revises Tax Regime for Investors
Nigeria's government is breaking up a protracted all-encompassing 2012 Petroleum Industry Bill (PIB) to overhaul the state sector, by closing loopholes that breed corruption.
Woodside Withdraws LNG Bid, Oil Search Rejects Offer
Australia's Woodside Petroleum has withdrawn its $8.5b (A$11.6b) all-share offer for Papua New Guinea-based Oil Search Ltd's stake in the PNG's government's LNG project, as Oil Search rejected the bid.
US Shale Oil Production Expected to Decline
U.S. shale oil production is expected to fall by above 600,000b/d in January as oil prices remain slashed to seven-year low, according to a U.S. government forecast.
Norway’s Krone Dropped over Oil, Industrial Production Slump
Norway’s currency, krone has dropped by 1.2 % against the Euro over industrial production slump, and a drop in the Brent crude price.
GCC to Introduce VAT by 2018
The Gulf Cooperation Council (GCC) states have agreed to introduce value-added tax in the region by 2018 subject to the signing of a final agreement.
Turkey’s Nuclear Reactor on Track despite Rift with Moscow
Turkey’s President, Recep Tayyip Erdogan said that the rift between Turkey and Russia over the downing of a Russian fighter jet followed by diplomatic tension and Moscow-imposed trade sanctions on Ankara, would not harm the construction of the Akkuyu nuclear power plant.
Iran-India Pipeline to Detour Pakistan
Tehran is holding negotiations with New Delhi to build a $4.5b undersea gas pipeline from Iran to the Indian west coast, following upon India's previous rejection of an on-land pipeline passing through the Pakistani territory.
