News / International
Buhari Denies Oil Savings Account Is Depleted
Nigerian President Muhammadu Buhari denied that the oil savings account will be depleted to pay government debts, including civil servants’ salaries.
Ukraine President Says Russian Gas to EU via Ukraine Has No Alternative
Ukrainian President Petro Poroshenko believes that the agreement between Russia and Ukraine on gas transit to Europe will be extended after 2019, the current deadline, as there is no alternative to the Ukrainian route.
2 Workers Die at Brazilian Oil Terminal Run by Petrobras
Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents, a union representing oil workers said in a statement.
UK Industrial Production Gets Boost from Oil and Gas Output
A rise in oil and gas output boosted UK industrial production in May, official figures show, but manufacturing output continued to fall.
Buhari Advised to Overhaul Nigerian Oil Sector
Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa's biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform proposal document shows.
China Opens 6 Oil-And-Gas Blocks to Private Companies
China’s government is offering private companies the rights to explore six oil-and-gas blocks in a small step toward opening the nation’s energy resources to private investment.
Nosedive in Oil Prices Causes Market to Rethink Shale
The almost 10 percent nosedive in headline oil prices this week has many hallmarks of a shocking but short-lived slump, triggered by a confluence of external events and exacerbated by safety-seeking investors and momentum-chasing traders.
Omani Oil Service Firm to Repurchase Own Bonds
Renaissance Services shareholders have approved plans for the company to buy back mandatory convertible bonds issued in 2012 and issue perpetual bonds,
