News / International

US Rig Count Declines

U.S. oil companies sidelined 24 oil-drilling rigs this week, according to Baker Hughes’ rig count released Friday, bringing the count to its lowest point since October 2010.

Iraqi Crude Dents Oil Prices Amidst OPEC Production Commitments

Oil declined from a four-month high in New York after Iraq raised crude exports in April to the most in three decades.

Afren to Commission Ebok Platform Offshore Nigeria

Afren is looking to sustain its wide-ranging development and exploration programs offshore Africa, despite the company’s current financial difficulties.

Iran Could Become Conduit of Turkmenistan Gas Headed for EU

EU’s energy chief says he has discussed the possibility of transiting Turkmenistan’s gas via Iran with the Central Asian state’s leader

South Africa Eyeing Iranian Energy Sector, Fuel Exports

An Iranian Petroleum Ministry official says South Africa seeks to ink memorandums of understanding (MoUs) with the Islamic Republic in different energy sectors.

Oil and Gas Reserves on the Rise, Bahrain Oil Minister

Bahrain had oil reserves of 632.5 million barrels at the end of last year, said a senior government official.

Total to Raise Millions in Initial Public Share Offer in Morocco

Total Maroc (IPO-TOMAR.CS), owned by France's Total, plans to raise between 612 million dirhams and 720 million dirhams ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said in a statement on Saturday.

Saudi Reforms of Oil Sector to Make Aramco More Independent

Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported

Mazarine Energy and ETAP Make Oil Discovery in Tunisia

Mazarine Energy and ETAP have discovered 38 metres of net oil-bearing reservoir in well Cat-1 well in the Zaafrane permit in central Tunisia.

Shell and Total Streamline, Regroup to Overcome Oil Prices

Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory.

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