News / International
UAE Signs Energy Trade Agreement With Belize
The UAE has just signed a bilateral trade agreement with Belize, reported Trade Arabia, to open opportunities for energy investments in the Central American republic and expand the country's regional energy profile.
Omani Offshore Company Sells Engineering Unit at a Loss
Oman’s Renaissance Services plans to sell its Topaz Engineering unit, reported The National, and at a loss of $5.5 m to Chalmers Holdings, a Dubai-based marine and offshore outfit.
Iran, Russia to Talk Energy
The Russia-Iran intergovernmental commission will convene in late October-early November.
No Supply Disruptions Expected for Russian Gas This Winter
Eastern European countries—many of them heavily dependent on Russian natural gas supplies—are hopeful that improving security in Ukraine and low global prices will secure gas supplies from disruption, Reuters reported.
Islamic State Attacks Forces Guarding Oil Port in Libya
Militants from the so-called Islamic State attacked forces guarding one of Libya’s main oil ports last Thursday with a gun assault and an attempted car bomb.
Egypt, Jordan in Energy Talks
Petroleum Ministry, Tarek El Molla, and Jordanian Minister of Energy, Ibrahim Saif, met to discuss cooperation between both countries.
US Oil Rig Count Drops to 5-Year Low
Rig counts for US oil drilling dropped to 614 nationwide last week, the lowest level since 2010, Bloomberg reported.
Ethiopia to Export Natural Gas Within 3 to 5 Years
Ethiopia will export natural gas within the next three to five years, the government's mines minister Tolossa Shagi told.
