News / International

Nigeria To Share $2.1 Bn of Natural Gas Revenues

Nigeria will share $2.1 billion to federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans as Africa's biggest oil producer suffers declining revenues, the presidency said on Tuesday.

China Invests in Sudan’s Oil Industry

China's ambassador to Sudan, Li Lian, says Beijing will increase its investments in the East African country's oil industry and support its program to increase oil production.

China Releases New Guidelines for Projects That Convert Coal to Gas

China's energy regulator has released new draft guidelines for projects that convert coal to oil or gas, aiming to commit the sector to the strictest possible environmental standards, it said on Tuesday.

Turkmenistan Claims Russia’s Gazprom Has Not Paid for Gas

Turkmenistan, irked by falling natural gas exports to Russia, hit out at Moscow's gas export monopoly Gazprom on Wednesday, saying the energy giant had not paid for gas purchased from the Central Asian country so far this year.

US Judge Refuses to Dismiss Decade-Old Oil Leak Case

A federal judge refused on Tuesday to dismiss a lawsuit that environmental groups filed against a New Orleans-based company responsible for a decade-old oil leak in the Gulf of Mexico.

Lawmakers to Probe Federal Agency’s Oversight of US Pipelines After Oil Spill

Lawmakers are set to probe a federal agency’s oversight of U.S. pipelines after a crude spill near the southern California coast highlighted the government’s delays implementing congressionally mandated safeguards.

Gas Shortage Could Be Next Woe in Greek Crisis

The Greek government’s hunger for cash has stripped the state-run gas company of most of its reserves, raising doubts about how long the country can pay for imports.

Iran’s Kish Gas and Condensates Field Eyed for Development

Kish gas field near the southern Iranian island of Kish will produce 9 bcm of gas per year when its development plan is finished.

6-Year Saudi Offshore Contract Awarded to Ezra Holdings

Singapore's Ezra Holdings Limited signed a six year long term agreement (LTA) with one of the world largest national oil company, Saudi Aramco

Oman Bolstering Oil Profits Through Subsidy Reforms

The government reduced subsidies by 47.9% in the first three months of 2015

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