News / International
Africa Suffers from Rising Oil and Weaker Currencies
Several African countries are suffering this year from a double-whammy of higher oil prices and weakening currencies, with Ghana and parts of eastern Africa taking the hardest knock from the surge in inflation.
Marathon Oil Seeks Bids for Onshore East Africa Stakes
Marathon Oil Corp is seeking bids for its interest in four onshore exploration blocks in East Africa as the oil and gas company focuses on drilling in U.S. shale formations, its advisor on the sale said on Friday.
Anadarko Partners with Oil Firm to Build LNG Plant
Anadarko Petroleum Corp. is poised to select a construction team led by Chicago Bridge & Iron Co. as its main contractor for a potential $15 billion Mozambique liquefied natural gas project, according to people familiar with the matter. CB&I’s shares climbed.
Successful Conclusion of High-Tech Saudi Power Exhibition
The energy sector’s latest equipments and services were on show at a leading international trade exhibition for power, which concluded recently in Saudi Arabia.
Iran-GCC Tensions Mount Over Khamenei’s Yemen Remarks
Iran will help oppressed people in the region, Supreme Leader Ayatollah Ali Khamenei said on Saturday, days after Gulf Arab leaders met U.S. President Barack Obama and expressed concern about Iranian expansionism.
KBR Appoints Lebanese American to Key MENA Post
KBR, a global technology, engineering, procurement and construction company has appointed Jay Ibrahim as the president of Engineering and Construction for the Middle East and North Africa (Mena) region.
China-India Move into Renewables Cooperation
China and India signed 26 business deals worth more than $22 billion in areas including renewable energy, ports, financing and industrial parks, an Indian embassy official said on Saturday.
Sanctions Backlog Holding Back Iran-India Petroleum Cooperation
India owes Iran $8.8 billion which is blocked in a bank account under the US-led sanctions regime, Government spokesman Mohammad Baqer Nobakht has said.
