News / International
Nigeria’s Amcon Recovers 57% of Bad Debts Acquired from Crisis
The Asset Management Corp. of Nigeria said it has recovered 57 percent of the bad debts it took on five years ago to rescue banks in Africa’s largest economy from collapse.
Power-Gen Conference Receives Saudi, Bahrani Backing
Top regional power producing companies Saudi Electricity Company (SEC) and Bahrain Electricity and Water Authority (Bewa) are set to take part as supporting entities at the 13th annual Power-Gen Middle East Conference and Exhibition.
Saudi Bahri Buying Hyundai-Made Oil Tankers
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, has signed a deal to buy five very large crude tankers from ship builders Hyundai Heavy Industries, the Riyadh-listed firm said on Sunday.
Abu Dhabi Energy R&D Conference Takes Off
More than 1,500 research and industry professionals are taking part in the Abu Dhabi International Research and Development Conference and Exhibition (Adrac), which opened in the UAE capital today (May 24).
Algeria’s Sonatrach Appoints Chief Executive
Algeria's state energy firm Sonatrach has named Amine Mazouzi as its new chief executive to replace interim chief Said Sahnoun, who had been appointed less than a year ago, according to two industry sources on Sunday.
Libyan Jets Attack Oil Tanker off Sirte
Libyan jets have attacked an oil tanker off the coast near the city of Sirte that the Benghazi-based government said was carrying reinforcements and weapons for rebel fighters.
Company Responsible for Santa Barbara Oil Spill Under Investigation
Maridive & Oil Services posted a net profit of $26.5 million during the second quarter of 2009, a 67.4 percent year-on-year growth from $15.8 million.
Gulf of Mexico Oil Platform Catches Fire, No Injuries Reported
A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said.
