News / International
Service Provider Petrofac Wins $900 Mn Oman Contract
Petrofac Ltd said it won an about $900 million contract from state-controlled Petroleum Development Oman (PDO) to provide services at a field south west of Muscat.
BP Ranks Iran Over Russia in Gas, but Still Needs $100 Bn Investments
Iran says it needs $100 billion of investment in its gas industry as updated BP data put the energy superpower’s reserves above those of Russia as the world’s largest.
Iraq Makes Predictable Crude Price Rise to Asia
Iraq increased its July official selling price (OSP) for Basra Light crude to Asia as expected, but a steeper than expected hike for Basra Heavy could weigh on the new grade.
Bahrain Touted as Model for Energy Reform, Diversification in GCC
Countries in the region have been urged to follow Bahrain's footsteps in diversifying their economies.
Rebound in North Sea Oil Fuels UK GDP Growth
A rebound in North Sea oil production in the three months to May helped the UK double its growth rate to 0.6% from the first quarter of the year, handing the Treasury a much-needed boost.
Gazprom Vows to Cut Out Ukraine as Transit Hub for Gas by 2019
Gazprom has vowed to entirely cut out Ukraine as a transit hub for natural gas exports to Europe.
Eastern Europe Basks in a Recovery Fuelled by Oil
Sandwiched between a stuttering eurozone and a recession-ridden Russia and Ukraine, and with the troubled Turkey and Greece to their south, eastern Europe’s economies might not seem, in a literal sense, to be in a good place.
Islamic State Approaches Libya’s Oil Ports as UN Seeks Accord
Islamic State strengthened its hold in central Libya, seizing territory near the country’s largest oil terminal, as the United Nations warned that time is running out on its efforts to broker a deal among warring factions.
