News / International
Cyprus Renews French Total’s Oil, Gas License
Cyprus has renewed an agreement with French energy company, Total for oil and gas offshore explorations for additional 2 years despite disappointing first round of exploratory drilling in 2014.
Azeri Offshore Oil Platform on Fire, 32 Killed
Thirty-two workers have been killed when an offshore oil platform in the Azerbaijan-controlled Guneshli oil field in the Caspian Sea caught fire over a storm-damaged natural gas pipeline on December 3rd, Azerbaijani state energy company SOCAR informed.
EPI, GNPC Sign Seismic Exploration Contract
EPI SonarTusk and Ghana National Petroleum Corporation (GNPC) have signed a two-year contract launching first onshore seismic exploration of the Voltaian Basin, south-central Ghana, in 40 years.
Nova Scotia Records 72 % Rise in Bad Oil and Gas Loans
The Bank of Nova Scotia has reported a 72 % rise in bad loans to the oil and gas industry with a total sum increased to the level of $123m (C$165m) in Q4.
Saudi Aramco Invests in Local Chain Supply
Saudi Aramco has announced its plan to double the amount of local sources used in its supply chain to 70 %, and thus increase its overall direct domestic investments worth $300b by 2021.
UAE’s Clean Coal Project to Emerge by 2020
Saudi Arabia's Acwa Power, and China-based Harbin Electric Corporation, are to build up a clean coal power plant in the Gulf region - Hassyan, comprising of two 600MW units to serve Abu Dhabi and the UAE by March 2020.
Dolphin Energy Wins $863m Loan
UAE's Dolphin Energy Ltd., an Abu Dhabi-controlled venture, providing 2cf/d of gas from Qatar to Oman and the UAE, has secured a 15-year long bank loan of $863m.
Saudi Arabia Joins ‘Mission Innovation’, Boosting Green Energy Investments
Saudi Arabia's Minister of Petroleum and Mineral Resources, Ali Ibrahim Al-Naimi, has joined more than 20 world leaders at the Paris Climate Change Conference to announce a launch of a global initiative 'Mission Innovation' that commits governments to double public investments in clean energy innovation over the next five years.
