News / International
Russia Vows European Supply Not Affected by Failed Ukraine Agreement
Russia and Ukraine failed to reach an agreement on the flow of natural gas between the two countries, effectively cutting off Russian supply to Ukraine starting Wednesday. However, Russia said that the supply to Europe would not be affected.
Shell Fined for Diesel Leak on North Sea Platform
Oil giant Shell has been fined thousands of pounds after a diesel leak on board a North Sea platform.
Venezuela Oil Refinery Faces Challenges
At Amuay, this oil-rich country’s largest refinery, workers say they risk toxic-gas exposure as they wait for Petróleos de Venezuela SA, the state energy giant, to replace rusted pumps and corroded pipelines, a process that is taking years.
Brazil Debates Laws on Subsalt Oil Development
Brazilian senators on Wednesday debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil's subsalt oil areas.
IPIC Profits Gyrate Due to Low Oil Prices
Abu Dhabi's state-owned International Petroleum Investment Co (IPIC) reported on Wednesday a 37% drop in net attributable profit for 2014 as low oil prices hurt earnings.
ENOC Share Purchasing of Dragon Oil Continues Unabated
Emirates National Oil Company (ENOC) is progressing with its 1.7 billion pound purchase of Dragon Oil shares it does not already own, despite a major investor saying the takeover undervalued the company.
Gulf Petrochem Acquires, Renames Kenyan Downstream Company
Gulf Petrochem group has announced the official acquisition and name change of Essar Petroleum East Africa Ltd to Aspam Energy (Kenya) Ltd
Competition Stiffens Over Post-Sanction Iran PetroChems
International traders are positioning to snap up Iran’s petrochemical exports as nuclear negotiations near the final stage amid hopes of an agreement.
