News / International
$9.1 Mn for Saudi Arabia’s Turkish Energy Acquisition
Saudi Arabia’s energy firm Acwa Power has acquired Turkish energy firm Ventis Enerji for TL25.3 million ($9.1 million), a report said.
Opito Safety Ceremony to be Held in Abu Dhabi
Employers and training providers working to achieve the highest safety standards in the oil and gas industry are being invited to submit their nominations for the sixth annual Opito Safety and Competency Awards 2015.
Gazprom to Take Legal Action Against Turkmengaz
A spokesman for Russia’s Gazprom confirmed Friday that the corporation has filed a case against Turkmengaz, Turkmenistan’s state gas company, at the international arbitration court in Stockholm, Sweden. According to Reuters, the spokesman said that “A lawsuit has been filed in Stockholm. The demand: a revision of prices.”
Explosion Reported from Iran/Turkey Pipeline
Turkey's energy minister says an explosion on a natural gas pipeline between Iran and Turkey caused a large fire and shut down the flow of gas.
BP to Begin Paying Settlements to Local Governments for Deepwater Horizon Spill
A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spill.
Low Oil Prices Threaten UAE Budget Crunch
The government of the United Arab Emirates is expected to cut spending by 4.2% this year as it begins to retrench because of low oil prices
Sipchem Profits Tumble More than Expected
Saudi International Petrochemical Co (Sipchem) reported a 55% drop in second-quarter profit on Monday
Iran to Bring $2.5 Bn Worth of Gas Power to Basra, Iraq
Iran is building a natural gas combined cycle power plant in Iraq’s Basra at a cost of $2.5 billion in the Persian country’s biggest engineering services deal yet.
