News / International
Saudi Arabia Adamant Over Oil Prices, Despite Omani Complaints
Saudi Aramco's Chairman Khalid al-Falih said on Sunday that the company has no plans to cut oil production and he foresees the oil market rebalancing in 2016.
Brazil to Help Iran with Deep-Water Caspian Exploration
Brazil has agreed to set up a Joint Oil Committee with Iran.
OPEC and Experts Say Oil Prices to Recover in 2016
The oil market is expected to become more balanced in 2016 as demand continues to grow, OPEC Secretary-General Abdullah al-Badri announced on Monday.
Maersk Oil Acquires Interests in Onshore Discoveries in Kenya and Ethiopia
Maersk Oil has agreed to acquire half of Africa Oil Corporation’s shares in three onshore exploration licences in Kenya and a further two in Ethiopia.
Tanzania to Rely on Gas for Future Power Needs
Tanzania is hoping to use its gas reserves to generate electricity, reducing its reliance on hydro-power in the wake of a national power crisis.
Morocco Reports High Success Rate in Search of Gas
Morocco’s Office of Hydrocarbons and Mining (ONHYM) announced that the drilling program at the Gharb-Chrarda-Beni Hssen region has been successful, with 19 out of 22 wells drilled testing positive for natural gas.
GAC Group Gets New Mideast Head
Global shipping, logistics and marine services provider GAC Group has appointed Shanaka Fernando as the group's new regional business development manager (Oil & Gas) for Middle East region.
Oil Prices Slow Down Saudi Oilfield Expansion
Saudi Arabia is moving ahead with the expansion of its giant Khurais oilfield but the project would move slower than originally planned because of budgetary reasons.
