News / International
Vitol and Helios Pay $276 Million for Nigerian Fuel Business
Vitol Group and private-equity firm Helios Investment Partners agreed to buy a majority stake in Oando Plc’s service station, fuel storage and supply business in West Africa for $276 million.
BP Shares Down After Supreme Court Denies Oil Spill Appeal
BP shares are down 2.13% to $40.47 in afternoon trading on Monday after the Supreme Court declined to hear an appeal from oil giant concerning fines that the company will be liable for in the wake of the 2010 Gulf of Mexico oil spill.
Eni Takes Larger Share in Kazakhastan Oil Reserve
Italian energy company Eni said it took on a larger stake in the Isatay oil reserve area in the Caspian Sea from its partners in Kazakhastan.
Oman’s International Buying Spree Spans Three Continents
Oman, the largest oil producer in the Middle East outside of OPEC, plans to buy, lease or build fuel-storage tanks in East Africa to boost sales on the continent and open a U.S. office to trade refined products and Latin American crude.
Iran Expanding its International LPG Ambitions
Iran is hoping to ramp up its sales of liquefied petroleum gas (LPG) after doubling the country’s fleet of carriers for shipment of the fuel to the international market
Kuwait’s 5-Year Plan to Sustain Non-Oil Growth
Kuwait’s non-oil growth will maintain a steady 5% in 2015 and 2016 as project implementation improves
Mergers a Key Tool in Abu Dhabi’s Debt Alleviation Plans
Abu Dhabi may merge its national energy company into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance
Asian Crude Buyers on Knife Edge Over Iran Nuke Deal
Asian imports of Iranian crude rose to the highest level this year in May, although buyers may have to curb any further increases if negotiators up against a deadline fail to reach a final deal on Tehran's disputed nuclear programme.
