News / International
Iran Breaks US Monopoly on Cement Plugs
Iran's Research Institute of Petroleum Industry (RIPI) has achieved technological progress to locally produce cementing plugs used in deep oil and gas wells, breaking the America's monopoly in the industry.
Argentina Projects $500m Shale Oil Investment
Argentina's new President, Mauricio Macri, has announced a $500m shale oil investment in his attempts to revive a stagnant economy after 12 years of populist economic policies.
Russia’s Rosneft and India’s Oil Majors Sign Hydrocarbons Deal
Russia's Rosneft, and two Indian oil majors, Oil India Limited and Indian Oil Corporation Limited, have signed a Memorandum of Understanding (MoU) to jointly carry out geologic survey, exploration, and production of hydrocarbons onshore Russia.
Sinopec Starts Production in Fuling Shale Gas Project
China's Sinopec, Asia's largest oil refiner, has started production in the first phase of its Fuling shale gas project in the Sichuan Basin of a southwest province with an annual capacity of 5bcm.
Cyprus Extends Exploratory Drilling Licenses to ENI
The Cyprus government has approved a two-year extension for the licenses of Italy's ENI and its South Korean partner KOGAS to explore oil and gas reservoirs off the southern coast of the Mediterranean island.
Nigeria Navy Destroys Illegal Oil Refineries
The Nigerian Navy has destroyed 48 illegal oil refineries, 8,000 metric tons of stolen oil, and 200 metric tons of refined gasoline (diesel), in a recently conducted operation in the Niger-Delta territory.
Algeria and Germany to Develop Energy Partnership
Algiers and Berlin are to start mutual energy cooperation by boosting German energy investments in the northern African country.
ISIS Employs Foreign Workers to Keep its Oil Flowing
The Islamic State militant group had employed thousands of workers to keep crude pumping from rudimentary wells captured in the oil fields of Iraq and Syria. Oil revenue is making up nearly half of the group’s profits.
