News / International
North Dakota Sets Records for Oil, Gas Production
The US state of North Dakota recorded an average gas production rate of 1.6 mcf/d and an oil production rate of 1.21m b/d for the month of June, reported USAToday.
Mozambique on Road to Unlocking Global LNG Potential
Mozambique’s President Filipe Nyusi on Tuesday said Omar Mitha, a former bank economist and deputy minister, will run Empresa Nacional de Hidrocarbonetos (ENH)
Taqa Layoffs Still Not Enough to Stem Sliding Profits
According to Bloomberg Abu Dhabi’s Taqa has had to lay off 22% of its oil and gas jobs over the past year, with spending to be cut by 2.5 billion dirhams ($681 million) this year after.
Iranian Gas Between Swiss Sanctions and Indian Investments
According to Reuters Iran announced that the development rights for its Farzad-B gas field will in fact be available to Indian companies, quelling Indian concerns that the contract would instead go to rival European firms.
Iran Paves the Way for New Model Contract With $2.2B Deal
In addition to unveiling its new contract model at a conference in London slotted for December, according to Bloomberg Iran has also intends to advertise 45 oil and gas projects to international companies at the said conference.
Britain Fast Tracking Fracking Applications
The British government recently announced changes in the way applications for hydraulic fracturing (fracking), are processed, Reuters reported.
South African Power Problems Besot Eskom
South African power firm Eskom has been struggling lately due to problems associated with both its nuclear and coal investments.
Oil Price Crunch May Force Reform of Gulf Arab Oil Finances
A Standard & Poor’s Rating Services report cited by Gulf News warned that low oil prices will adversely affect the banking sector in the Gulf Arab states.
