News / International
Saudi Solar Bids, Projects Run Up Against Bureaucratic Resistance,
Sources told Reuters that Saudi Arabia's plan to issue bids for its first solar power projects, announced in 2013, has been postponed.
Austria’s OMV Bringing IOR/EOR Technology to Iran
Austrian President Heinz Fischer arrived in Tehran on Monday at the head of leading business delegates to review potential trade relations with the Islamic republic
Spain Capitalizes on Cheap Energy, Eager for Iranian Crude
Iran announced its readiness to export crude to Spain
Sasol Riding South African Gas Procurement Wave
South Africa's government is planning to launch a gas-to-power procurement programme in September, with bids expected in the first quarter of 2016
Lekoil Announces First Oil from Otakikpo in Nigeria
Lekoil has confirmed that the Otakikpo field, a shoreline location in Nigeria, has achieved its first oil.
Obstacles Persist to Arctic Drilling
There are serious obstacles still confronting Arctic drilling, stated The New York Times in a recent expose. The article mentioned multiple issues, not the least of which are persistently low oil prices.
Sound Oil in Talks to Buy Stake in Mahgreb’s Subsidiary
Maghreb Petroleum Exploration has awarded Sound Oil a two month period of exclusivity to negotiate and complete the acquisition of a subsidiary of Maghreb which holds a 25% carried working interest in the Sidi Moktar licenses, onshore Morocco.
Oil Companies Ponder Exiting Angola Due to Regulatory Costs
A series of measures introduced by Angola’s government in recent years has pushed production costs up as much as $500m annually and the country risks losing investment from foreign oil companies.
