News / International

Chevron Boosts Efficiency Even as Profits Slide

For Chevron Corp., a dollar spent in the Permian Basin can get 35 percent more oil out of the ground than it could last year, as drilling costs have fallen and as the company works faster on more fertile wells.

China Backs Out of Pipeline Project with Gazprom

China National Petroleum Corporation (CNPC) has decided to back-out of an agreement with Russian gas giant Gazprom for the construction of a natural gas pipeline from western Siberia to the Xinjiang region, according to Chinese state radio.

Libya’s Eastern Power Grid On the Verge of Collapse

Libya power grid in the east is on the verge of a catastrophic collapse, a senior GECOL engineer has warned. His warning is being echoed in t west of the country. Tripoli, Benghazi, Sebha, Kufra and Marj are among many places where power is out for hours at a time and in Benghazi this week, one district endured a cut lasting three days.

USTDA and Dangote Oil to Build a Greenfield Petroleum Refinery

The United States Trade and Development Agency has on Thursday signed a training grant agreement with Dangote Oil Refining Company to develop the critical human resources necessary to operate and maintain a Greenfield petroleum refinery.

Ghana and Suriname Offshore Blocks Progressing

Tullow Oil says its three-field TEN development project offshore Ghana is around 65% complete and on schedule for first oil in mid-2016.

US President to Unveil New Pollution Bill Monday

US President Barack Obama will release on Monday a final version of the Clean Power Plan in what he calls the nation’s most important step to combat climate change.

Q3 Startup of Nigerian Offshore Field Announced

Lekoil has issued an update regarding operational activity at the Otakikpo marginal field in Nigeria.

Roseneft Join Forces with ExxonMobil in Mozambique

RN-Exploration is a 100 percent-owned subsidiary of Rosneft of Russia and Exxon Mobil Exploration and Production Mozambique Offshore Limited is also a 100 percent subsidiary of US group ExxonMobil.

Samsung C&T Chosen for Qatar Power Plant Project

Korean construction giant Samsung C&T has announced it has received a letter of award for a 2,500MW combined cycle power plant from Umm Al Houl Power

EU Court Accepts Iran Gas Companies Appeal over Sanctions List

The European Union has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month

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