News / International
Lekoil Announces First Oil from Otakikpo in Nigeria
Lekoil has confirmed that the Otakikpo field, a shoreline location in Nigeria, has achieved its first oil.
Obstacles Persist to Arctic Drilling
There are serious obstacles still confronting Arctic drilling, stated The New York Times in a recent expose. The article mentioned multiple issues, not the least of which are persistently low oil prices.
Sound Oil in Talks to Buy Stake in Mahgreb’s Subsidiary
Maghreb Petroleum Exploration has awarded Sound Oil a two month period of exclusivity to negotiate and complete the acquisition of a subsidiary of Maghreb which holds a 25% carried working interest in the Sidi Moktar licenses, onshore Morocco.
Oil Companies Ponder Exiting Angola Due to Regulatory Costs
A series of measures introduced by Angola’s government in recent years has pushed production costs up as much as $500m annually and the country risks losing investment from foreign oil companies.
Last Syrian Oil Stronghold Falls to ISIS
Reuters reported that Islamic State fighters have captured the Jazal field in Syria from government forces, citing the Britain-based Syrian Observatory for Human Rights.
Sahara Group Listing Nigerian Oil and Gas Assets on Stock Exchange
A Nigerian energy company, the Sahara Group, will dual list its oil and gas unit in London and Lagos along with a debut dollar bond sale
Iranian Gas Heading to Spain, German Investments Heading to Iran
Press TV reported that Iran has received a proposal from Spain to use its liquefaction facilities to export LNG to Europe, said Oil Minister Bijan Zangeneh.
Saudi Aramco Desperate for Loans
Informed sources, on condition of anonymity, told Reuters that Saudi Aramco is talking to banks about raising a $5b loan to help out a refinery it built in collaboration with China's Sinopec.
