News / International

BG Acquisition Still Good Sense, Despite Low Oil Price, says Shell

Royal Dutch Shell said on Tuesday that its planned acquisition of BG Group still makes financial sense, despite low oil prices, which analysts say are likely to continue for some time.

TransCanada Calls for More Time on Cross-border Pipeline

TransCanada, the company tasked with building a mammoth oil pipeline linking Canada and the United States, has asked the US government to postpone a final decision on whether the project will go ahead, apparently fearing a negative outcome.

Amnesty Slams Shell and Nigerian Authorities over Niger Delta Clean-up

Amnesty International has accused Royal Dutch Shell of making false claims concerning its spills clean-up in Nigeria, even citing a contractor who says the clean-up itself was a cover-up.

Egypt’s Sino Tharwa Wins Algerian Bid

Ahmed Anwar, Chairman of Sino Tharwa, has informed Egypt Oil & Gas that the company has tendered for and won an international bid round in Algeria.

South Africa Benefits from Oil Price Drop with Statoil’s Help

South Africa’s trade deficit narrowed to $65m in September as lower oil prices curbed imports, said the Pretoria-based South African Revenue Service.

Bapco Wins Gold Award at Arab CSR Conference

Bahrain Petroleum Company (Bapco) has been awarded for its contributions in the field of corporate social responsibility (CSR).

Saudi Bonds and Spending Move in Opposite Directions

Standard and Poor, which previously downgraded Saudi Arabia's sovereign debt, has said that this in turn may contribute to a gradual repricing of the Gulf's international bonds.

Iran Decommissions Centrifuges During Nuclear Visit to Japan

Iran has begun decommissioning uranium enrichment centrifuges under the terms of the July nuclear deal, Reuters quoted Iran's Atomic Energy Organization (AEOI) chief Ali Akbar Salehi as saying during a visit to Tokyo.

Oil Price Slides on Weak China Data, Record Russian Output

Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia.

Angola Exploring Oil Investments from India

Angola's vice president Manuel Domingos Vicente has returned from a recent visit to New Delhi, where he took part in bilateral talks with the Indian minister of Oil and Natural Gas, Dharmendra Pradhan.

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