News / International
West Libya’s National Oil Declares Force Majeure at Zueitina Port
Libya’s Petroleum Facilities Guard halted crude shipments from Zueitina port indefinitely amid an escalating conflict between the divided country’s rival governments, putting the OPEC member’s oil exports at risk.
Nigeria to Deal Directly With Refiners, Cancels Bids
Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers of the Nigerian National Petroleum Corporation announced on Tuesday.
Chevron Announces Field Online between Congo and Angola
Chevron Overseas (Congo) has started oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Democratic Republic of Congo and the Republic of Angola.
Iraqi Oil Exports Drop Due to Weather Conditions, Ministry
Iraq's oil exports dropped sharply in October to an average of 2.7m b/d, from 3.052m b/d the previous month.
Oil Price Drop Brings Mixed Employment Blessings
According to a report by Oxford Strategic Consulting the current period of low oil prices could be an opportunity for GCC-based oil and gas companies to invest in and diversify talent.
Green Grid Technologies Showcased at Saudi-GCC Conference
The 11th GCC-CIGRE International Conference was launched on Tuesday in Jeddah, Saudi Arabia, stretching from November 3-5.
Iran Upgrading Refineries, Petrochemicals for Post-Sanction Era
Talks have been held with Japanese and Korean firms to invest in Iran’s renovation and improvement of oil processing facilities, Abbas Kazemi, head of the National Iranian Oil Refining and Distribution Company, announced on Tuesday.
Oil Prices, Post-Sanction Iran Prompt GCC Maintenance Cost Cutting
Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016.
