News / International
$1.2 Mn to Link Up Iraqi Oilfields in Real-Time
Restrata, a major provider of terrestrial services in hostile and remote environments, has been awarded a $1.2 million dollar contract to deploy a new managed Internet network across six locations in Iraq.
Croatia Considers Oil, Gas Exploration’s Threat to Tourism
When Croatia announced in 2013 it would set a tender to explore for oil and gas in its pristine Adriatic waters, the government evoked the hydrocarbon riches of Norway to win over the plan's many detractors.
Financing for Russian Gas Pipeline Secured: Greece
The financing of the extension of a pipeline carrying Russian gas from Turkey to Greece has been secured and a deal could be signed this month, the Greek energy minister said Monday.
Russian Oil Company Begins Trading in Chinese Currency Amid Continued Sanctions
Gazprom Neft, Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese currency by Russian companies.
EU Looks to Mediterranean to Diversify Gas Supply
The European Commission is preparing a ‘diplomatic energy action plan’ to diversify the EU’s natural gas supply sources, with plans for tapping Algeria’s huge unexploited reserves, and a comprehensive LNG strategy due next year.
Oil Price Stabilisation to Help Lower Russia’s Inflation
Further stabilization of oil prices is likely to help lower inflation in Russia, allowing the central bank to reduce rates at a faster pace, the World Bank said Monday as it raised the economic outlook for the country.
Total Announces Two Billion Barrels on Offshore Angola
Total has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshoreBlock 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become Total’s most prolific site with production of over 700,000 barrels per day.
Seven Energy Seeks to Increase Gas Production in Nigeria
Seven Energy International Ltd. in Nigeria aims to work together with other companies in the country to increase gas production, Bloomberg Business reported. Seven Energy expects to quadruple gas production in Nigeria from 110 million standard cubic feet to 500 million cubic feet in four years. The need to meet increasing demand for gas in the power sectorcomes at a time of crisis this year.
