News / International
Kuwait Names New Oil Minister
Kuwait has appointed Anas al-Saleh, the Finance and Deputy Prime Minister, as a new acting Oil Minister, having replaced Ali al-Omair in the post.
Nigerian Pipeline Plundered for $250m Worth of Oil
The Nigerian National Petroleum Corporation said that nearly $250m worth of oil was stolen from a single Nigerian pipeline running north-east.
Gazprom to Buy all LNG from Perenco Cameroon Export Plant
Gazprom has signed an eight-year off-take agreement for all the liquefied natural gas from the Perenco Cameroon export plant.
Libya’s NOC to Open Talks with Protesters, Reopen Oilfields
Libya's National Oil Corp. has formed a special committee to accelerate talks with protesters that may lead to reopening of El Sharara and El Feel oilfields.
Low Prices, Climate regulations Sinking Canada’s Oil Industry
Canada is poised to lose energy companies as the industry faces lower and more volatile oil prices along with tougher climate and regulatory policies, billionaire investor Murray Edwards warned at a conference hosted by Bennett Jones LLP in Alberta, Bloomberg reports.
China Strives for Energy Sector Reform with PetroChina Sales
PetroChina Co. announced plans to unload $2.4b in Central Asian pipelines by selling a 50 % stake in Trans-Asia Gas Pipeline Co. to China Reform Holdings Corp., another state-owned company.
Nigerian Economy Grows Despite Oil Prices, Corruption
Nigeria’s Minister of Finance, Kemi Adeosun, said that the country has recorded an increase in oil revenue in October, despite a continued fall in the price of crude oil, reported the Daily Post.
Libya’s NOC Garners More International Support
Libya’s National Oil Corp. (NOC) in Tripoli said it was to resume production from two oil fields, including the biggest Sharara, after more than a year.
