News / International
Saudis Reassured by Obama Over Post-Sanction Iran
A senior Saudi official announced on Friday that Saudi Arabia is satisfied with assurances from US President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stability in the Middle East
Amazon Filters Alliance to Open Up Middle East Market
Amazon Filters has just partnered with UAE-based EPC Solutions to increase its brand awareness in the Middle East oil and gas industry,
Hurdles Facing Oil Investors as Iran Braces for Major Field Development
Iranian broker Reza Mostafavi Tabatabaei has warned foreign investors heading towards Iran of the difficulties they may face, speaking from his own personal experience.
Ghana Sending Contradictory Signals Over Oil Prices and Investments
According to Bloomberg Ghana is taking steps to avoid missing its fiscal deficit target this year thanks to pressure from falling oil prices.
Nigeria Feels Squeeze of Oil Price Plunge, Africa Suffers Too
The halving of crude prices has struck at the heart of Nigeria' state finances, reveals Bloomberg, with no facet of the country's oil revenues left unscathed.
US Shale Producers Lose Price Bet
The majority of US shale oil and gas producers passed up the opportunity to hedge prices by guaranteeing at least $60/b last quarter, Reuters reported.
Somalia’s Puntland Awards Contract for 2D Seismic Exploration to ION Geophysical
Somalia’s Puntland Petroleum Minerals Agency (PPMA), recently awarded ION Geophysical a contract to conduct 2D seismic studies off the Somalia coast, reported Offshore Engineer.
Iran to Boost Production Beyond Expectations, Welcomes American High-Tech Investments
In exclusive statements made to CNN Iran's Oil Minister Bijan Zanganeh boasted that Iran would push its production by close to 1.5 million barrels by the end of 2016
