News / International
Somalia’s Puntland Awards Contract for 2D Seismic Exploration to ION Geophysical
Somalia’s Puntland Petroleum Minerals Agency (PPMA), recently awarded ION Geophysical a contract to conduct 2D seismic studies off the Somalia coast, reported Offshore Engineer.
Iran to Boost Production Beyond Expectations, Welcomes American High-Tech Investments
In exclusive statements made to CNN Iran's Oil Minister Bijan Zanganeh boasted that Iran would push its production by close to 1.5 million barrels by the end of 2016
IMF Calls on Africa to Cut Fuel Subsidies, Diversify, Exert Fiscal Discipline in Low Oil Price Era
David Robinson, the IMF vice-director, has called on the African nations to adopt a package of policies to better ride out the ill-effects of the collapse of oil prices
Oilfield Expansion Projects Delayed in Saudi Arabia
The planned expansion of the Khurais oilfield in Saudi Arabia has reportedly been delayed beyond the original 2017 schedule
GCC Still Behind Energy Efficiency Benchmarks, Report Warns
According to Trade Arabia The Economic Insight: Middle East Q3 2015 report, published by the Centre for Economics and Business Research (CEBR), called for more large-scale alternative and renewable energy projects in the GCC states.
Gazprom Reports High Sales in Europe
The Russian gas giant Gazprom posted higher-than-normal sales for the first half of the year, said UPI.
Mexico’s Pemex Unlikely to Meet Production Targets
Petróleos Mexicanos, commonly known as Pemex, is unlikely to meet production goals for this year, The Wall Street Journal reported.
Nigeria to Deploy Drones to Reduce Oil Theft
Nigeria’s state-run NNPC has started work on a plan to utilize drones to reduce oil theft, reported Bloomberg.
