News / International
Taqa Layoffs Still Not Enough to Stem Sliding Profits
According to Bloomberg Abu Dhabi’s Taqa has had to lay off 22% of its oil and gas jobs over the past year, with spending to be cut by 2.5 billion dirhams ($681 million) this year after.
Iranian Gas Between Swiss Sanctions and Indian Investments
According to Reuters Iran announced that the development rights for its Farzad-B gas field will in fact be available to Indian companies, quelling Indian concerns that the contract would instead go to rival European firms.
Iran Paves the Way for New Model Contract With $2.2B Deal
In addition to unveiling its new contract model at a conference in London slotted for December, according to Bloomberg Iran has also intends to advertise 45 oil and gas projects to international companies at the said conference.
Britain Fast Tracking Fracking Applications
The British government recently announced changes in the way applications for hydraulic fracturing (fracking), are processed, Reuters reported.
South African Power Problems Besot Eskom
South African power firm Eskom has been struggling lately due to problems associated with both its nuclear and coal investments.
Oil Price Crunch May Force Reform of Gulf Arab Oil Finances
A Standard & Poor’s Rating Services report cited by Gulf News warned that low oil prices will adversely affect the banking sector in the Gulf Arab states.
Moves Toward Sustainable Energy in Omani Provinces
Trade Arabia reported that Oman's Musandam Power Company (MPC) has signed a long-term power purchase deal with Oman Power and Water Procurement Company and made a Natural Gas Sales Agreement with the Ministry of Oil and Gas to supply and sell natural gas to MPC.
Pakistan-Iran Energy Cooperation on Multiple Fronts
According to Trade Arabia, Pakistan is in the final stages of negotiating a deal to expand its electricity imports from Iran to 1,000 MW.
