News / International
Shell to Settle $2.3b Debt with Iran
The National Iranian Oil Company (NIOC) and Royal Dutch Shell have agreed that the Anglo-Dutch company will clear off its debt of $2.3b, outstanding since 2011, once the international sanctions are completely removed.
Egypt, Saudi Arabia Reach Financing Agreements for Development
Egypt and Saudi Arabia have come to terms on a number of loans for investment and development projects in Egypt, that Riyadh has pledged to Cairo since March 2015.
DEWA Plans $7.34b Renewables Projects, Seeking Private Financing
Dubai Electricity & Water Authority (Dewa) has approved new renewable projects worth over $7.34b, to expand Dubai's production capacity through partnerships between the public and private sectors.
Cheniere Energy Starts Shale Gas Production for First US Export
Cheniere Energy Inc. has began production at the first natural gas terminal designated to export gas from America’s shale formations, with the first cargo expected already in January.
Russia Approves Discount on Gas Shipment to Ukraine
Russia has approved a discount on natural gas prices offered to Ukraine at about $212 per 1,000cm of Q1 deliveries.
Global Oil&Gas Investments to Fall to Six Year Low in 2016
Global oil and gas investments are expected to fall to $522b in 2016, the lowest in six years, and oil companies plan to cut spending, sell assets, shed jobs, delay or resize projects, renegotiate supply contracts, use less complex technology, and lower their investment packages.
Cairn Energy Publishes Positive Well-Test Results Off Senegal
The Edinburgh-based oil explorer, Cairn Energy said it successfully flow-tested the SNE-2 well in the Sangomar Offshore block at a rate of 8,000 barrels a day.
Nigerian Environmental Group Condemns Shell’s Poor Response to Oil Spill
Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) organization has condemned what it called a slow response of Shell Petroleum Development Company (SPDC) to the oil spill incident of July 2015 at its Adibawa Oil field in Eastern Edagberi Community.
