News / International
Japanese Buyer Renews Commitments to Iranian Crude
JX Nippon Oil & Energy Corp., a crude oil lifter, has renewed its annual term oil purchase volumes from Tehran for 2016, with the volumes remaining unchanged under the new contract as of January.
Kuwait Drilling and Honghua Group Struck $25m Deal
Chinese-based land drilling rig manufacturer, Honghua Group (HH), has entered into a $25m sales agreement for ultra-deep drilling rigs with Kuwait Drilling Company (KDC).
Petrobras Completes its 2015 Divestment Plan
Brazil's state-controlled oil corporation, Petróleo Brasileiro SA (Petrobras), has completed its divestment plan for 2015 by selling its 49% stake in the Gaspetro gas distribution unit worth $500m to the Japanese company, Mitsui & Co Ltd.
Azerbaijan to Direct its Increased Gas Production to Europe
Azerbaijan has increased its commercial gas production in 2015 to 18.9bcm, up by 0.2b compared to 2014, aiming at expanding the shipment of the Caspian gas to Europe.
Tanzania Plans to Sell 49% of Power Utility Tanesco
Tanzania's government plans to sell 49% of shares in the state-owned power utility company, Tanzania Electric Supply Company (Tanesco), to the public this year, while retaining a controlling stake.
IMF Chief to Discuss Economic Developments with Nigeria and Cameroon
International Monetary Fund (IMF) Chief, Christine Lagarde, has arrived to Abuja for a four-day visit to open talks with policy makers and top officials from Nigeria and Cameroon on economic developments affecting both countries and the West African sub-region.
Pakistan Grants Shale Drilling Licenses
Pakistani companies, Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Company Limited (PPL), have been awarded drilling licenses for a pilot project to explore local shale gas deposits estimated at over 10,000tcf.
Explorers in Senegal Reveal Better-than-Expected Oil Flows
Melbourne-based junior explorer, FAR has conducted latest drilling tests offshore of Senegal and revealed better-than-expected results of oil flows from the SNE-2 well, drilled about 100km off the coast.
