News / International
US Increase Quotas for Renewable Fuels Blend
The US Environmental Protection Agency (EPA) announced earlier this week new quotas for renewable fuels blended into gasoline in 2016, higher than expected.
Transocean Won Offshore Drill Contract
Transocean Ltd., the biggest offshore-rig operator, has won a $44.8m contract to drill four wells off Norway for Det Norske Oljeselskap ASA at the lowest recorded tariff of $180,000 a day.
South Korea Foresees Rise in Oil Demand
South Korea foresees an increase in oil products demand by 2 % in 2016, after a rise by 2.5 % on year in 2015, the country's state-run think tank, the Korea Energy Economics Institute (KEEI) announced this week.
Argentina to Cut Energy Subsidies, Lure Investors
Argentina's newly appointed Energy Minister, Juan Jose Aranguren, has announced his ambition to boost investors' confidence in the country through enhancement of business conditions.
Vitol to Invest in Libya’s Oil
Vitol Group, the world’s biggest independent oil trader, and Litasco SA are approaching a trade deal with the Libya's Tripoli-based National Oil Corporation (NOC) in a few days to supply billions of dollars worth of fuel to the country.
Algeria’s 2016 Budget Raises Energy Prices
Algeria has increased gasoline, diesel, gas and electricity prices in its 2016 budget to cope with a sharp fall in energy earnings and ahead of further austerity measures.
Iran Encourages Mining Sector Investments
Iran is opening up $29b worth of mining projects to foreign investors promising to generate more revenue than crude.
Sasol’s $210m Gas Pipeline Investment in Mozambique
Sasol to build a new gas pipeline in Mozambique worth $210m by 2017 to meet a growing demand by an increase to 212m gigajoules per year.
