News / International
Venezuela Teaming Up with Foreign Partners to Target US Market, Oil Prices
Algeria's Sonatrach and Venezuela's PDVSA would target the US as a market for the two countries' potential new blend of crude oil, a source at the state-owned Algeria company said Monday
Family Businesses Backbone of Non-Oil Sector in GCC, Need Legal Help, Says UAE Tycoon
One of the United Arab Emirates' (UAE) most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder.
Oman May Issue Tenders Soon for Floating Storage Unit
Oman Tank Terminal Company (OTTCO) plans to start operating a floating storage unit later this year to ease trade of crude oil futures on the Dubai Mercantile Exchange (DME), trade sources said on Tuesday.
Dubai’s 2021 Energy Strategy for Sustainability and Competitiveness
Dubai Electricity and Water Authority (Dewa) has launched its Strategy 2021 for Dubai, which focuses on several sectors such as seizing opportunities, meeting challenges, strategic drivers, goals and priorities, among others.
Iran Facing Gas Crunch thanks to ‘Wasteful’ Domestic Consumption
Iranian officials have issued fresh warnings over the rising consumption of natural gas in the country.
Mexico Reducing Number of Blocks Available for Tender Due to Oil Prices
Mexico’s government is preparing to downsize tenders of shale oil and gas blocks to oil companies, as low oil prices have reduced the profitability of the difficult-to-reach hydrocarbons, according to senior Mexican officials.
Major French Oil Company Total Reports Earnings; Drop in Profit
French oil major Total reported a smaller-than-expected 22 percent drop in first-quarter net profit on Tuesday, helped by rising refining margins and sharp growth in oil and gas production that partly offset lower crude prices.
Shell and Total Delay West Africa Projects Due to Oil Prices
Royal Dutch Shell and France’s Total have delayed multibillion-dollar offshore oil projects in west Africa as part of efforts to rein in costs and shore up cash flow following the collapse in crude prices.
