News / International
Nigeria to Cut Petrol Subsidies in 2016 amid Oil Production Drop
Nigeria plans to reintroduce the old petrol price of $0.49 (N97) per liter in 2016 in line with the country's policy to cut oil subsidies amid the global oil price slump.
Tullow Finds Kenya’s Oil Resources Increasing
Tullow Oil Plc, the London-based oil explorer in Africa announced that the potential size of oil resources discovered in northern Kenya's Etom-2 well increased.
Technip Wins Subsea Contract in Gulf of Mexico
Technip has won a lump sum contract by Deep Gulf Energy II to develop the Odd Job field in the ultra deepwater field in the Gulf of Mexico.
Iran Cleared of Nuclear Suspicions by IAEA
The Vienna-based International Atomic Energy Agency (IAEA) announced that it had ended its 12-year-long investigation into concerns that Iran might be developing nuclear weapons, as no evidence was found since 2009.
Stirling to Train Kurdish Oil Workers in HSE
UAE-based Stirling Group, the leading provider of health, safety and environmental (HSE) services, has partnered with the EU Iraq Energy Center (EUIEC) to deliver risk management training for the Iraqi oil and gas industry.
Egypt-Israel Suit to Be Resolved through Negotiations
The Egyptian government expects the current gas dispute with Israel to be settled through negotiations due to Egypt's importance as a terminal for Israeli gas exports.
Nigeria Approves $2b Fuel Subsidy, NNPC Advocating Deregulation
Nigeria announced it had approved a $2b (N407.07b) fuel subsidy package, including payments to oil marketers for accrued arrears from the two fiscal years, 2014 and 2015.
France Warns IS Threatening Libya’s Oil Fields
French Ministry of Defense warned that IS forces were moving inland from their coastal strongholds into Libya’s oil wells areas aiming to overtake the oil fields, while ruling out a military intervention.
