News / International
Revolutionary Guards Prepared for Post-Sanction Bonanza
Iran's elite Revolutionary Guards have done very well out of international sanctions -- and if a nuclear deal is done in Vienna this week under which those sanctions are lifted, they are likely to do better still.
Tullow Oil Finds Ways to Stay Afloat in Africa
Africa-focused Tullow Oil is turning to low-cost technology in its search for new oil reserves after the collapse in the price of crude and a poor run of discoveries forced the company to slash its exploration budget by 80 percent.
Buhari Denies Oil Savings Account Is Depleted
Nigerian President Muhammadu Buhari denied that the oil savings account will be depleted to pay government debts, including civil servants’ salaries.
Ukraine President Says Russian Gas to EU via Ukraine Has No Alternative
Ukrainian President Petro Poroshenko believes that the agreement between Russia and Ukraine on gas transit to Europe will be extended after 2019, the current deadline, as there is no alternative to the Ukrainian route.
2 Workers Die at Brazilian Oil Terminal Run by Petrobras
Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents, a union representing oil workers said in a statement.
UK Industrial Production Gets Boost from Oil and Gas Output
A rise in oil and gas output boosted UK industrial production in May, official figures show, but manufacturing output continued to fall.
Buhari Advised to Overhaul Nigerian Oil Sector
Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa's biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform proposal document shows.
China Opens 6 Oil-And-Gas Blocks to Private Companies
China’s government is offering private companies the rights to explore six oil-and-gas blocks in a small step toward opening the nation’s energy resources to private investment.
