News / International
Shell Looks to Leave Ukraine Amid Continued Violence
Royal Dutch Shell has been considering ending its partnership with a Ukrainian energy company in a shale gas exploration venture in eastern Ukraine because of the fighting in the region and prospect of little profit from the project.
Angola President Seeks More Non-Oil Deals with China
On a six-day trip to China that ends tomorrow, Angola’s President Jose Eduardo Dos Santos has pushed to broaden his nation’s relationship with China beyond a dependence on oil.
Growth, Employment Steady in UAE Despite Oil Price Crunch
Dubai witnessed a 4.5% gross domestic product growth last year, and a 6.5% rise in employment, driven by long term planned infrastructure and the ideal investment environment offered by the emirate, according to an expert.
Service Provider Petrofac Wins $900 Mn Oman Contract
Petrofac Ltd said it won an about $900 million contract from state-controlled Petroleum Development Oman (PDO) to provide services at a field south west of Muscat.
BP Ranks Iran Over Russia in Gas, but Still Needs $100 Bn Investments
Iran says it needs $100 billion of investment in its gas industry as updated BP data put the energy superpower’s reserves above those of Russia as the world’s largest. Iraq Makes Predictable Crude Price Rise to Asia
Iraq increased its July official selling price (OSP) for Basra Light crude to Asia as expected, but a steeper than expected hike for Basra Heavy could weigh on the new grade.
Bahrain Touted as Model for Energy Reform, Diversification in GCC
Countries in the region have been urged to follow Bahrain's footsteps in diversifying their economies.
Rebound in North Sea Oil Fuels UK GDP Growth
A rebound in North Sea oil production in the three months to May helped the UK double its growth rate to 0.6% from the first quarter of the year, handing the Treasury a much-needed boost.
