News / International

ABB Wins EPC Automation Contract in UAE

ABB, a leading power and automation technology group, said it has been awarded a $100-million contract by Hyundai Heavy Industries to provide power and automation solutions for oilfields off the UAE coast.

Profiles for Successful Women in UAE Petroleum Sector

Women who exude confidence both in the office and on the field are more likely to shatter the glass ceiling and accelerate their career progression

India-Oman Refinery Project Expansion to Cost $4 Bn

India’s Bharat Petroleum Corporation Limited (BPCL), a major state-owned refiner, plans to invest around $4 billion to expand a refinery joint venture in India that is partly owned by Oman

Iran Targets Pre-Sanction Levels and South Asian Market

The National Iranian Oil Company (NIOC) is set to increase production from all oilfields this year and can reach its pre-sanctions output capacity of 4 million b/d if there is sufficient market demand

Russia Modifies Border with Georgia to Control Pipeline

The Georgian government has accused Russian troops of redrawing a section of the border separating Georgia from its breakaway region ofSouth Ossetia, seizing part of an international oil pipeline as a result.

Nuclear Deal with Iran May Pose Trouble for US Shale

The end of sanctions will allow Iran to attract investment in its massive oil and gas reserves, putting a long-term damper on prices.

In New First for US Electricity, Natural Gas Overtakes Coal

Call it a one-two punch against coal. As global demand for U.S. coal exports continues to sag, domestic demand at power plants has been sliding as well.

Sanctions Will Cause Russian Oil Production to Drop in 2016: Fitch

Oil production in Russia will decrease in 2016 due to the economic sanctions imposed by the European Union and the United States, Fitch Ratings said in its forecast Tuesday.

Petrobras Board Member Criticises Brazil’s Oil Policy

Brazil's oil-exploration and local-content policies harm oil producer Petróleo Brasileiro SA and the nation as a whole, a government-appointed member of the state-run company's board said on Tuesday in a rare show of board-member independence.

Iran Nuke Deal Reached, Governments and Corporations Measure Ramifications

Iran and six world powers reached an agreement on Tuesday to lift sanctions against the Islamic Republic, and while U.S. and Iranian leaders have heralded the deal as a victory, the real winners could be corporations across the globe.

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