News / International
Contaminated Crude Being Shipped from US to Asia
One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco -- for three years -- despite crude prices that topped $100 a barrel.
Shale and Oil Majors Feel Pinch of Oil Prices, Say Analysts
Oil majors may need deeper cuts to oil and gas exploration and production spending as they grapple with an extended period of low crude prices.
Texas Investigates Wells Linked to Seismic Activity
The Railroad Commission of Texas has directed the Commission’s Hearings Division to initiate proceedings requiring the operators of two disposal wells in the area of Azle, Texas to show cause why the injection permits for the wells should not be cancelled and the wells ordered shut-in due to an alleged connection raised by new seismic research between ongoing operation of the wells and seismic activity in the vicinity.
Dubai to Invite Bids for Next Phase of Solar Park
Dubai Electricity and Water Authority (Dewa) has invited bids for a project consultancy contract for the third phase of Mohammed bin Rashid Al Maktoum Solar Park, one of the largest renewable energy projects in the region.
Iran Charts Oil and Gas Priorities for Post-Sanction Era
The National Iranian Oil Company (NIOC) announced in a statement on Sunday that it has defined 21 top priority oil sector projects.
ConocoPhillips Drills Deepwater Duds Offshore Angola and in the Gulf of Mexico
ConocoPhillips’ Omosi-1 deepwater exploration well in Block 37 offshore Angola in the Kwanza Basin has been drilled to a total depth of 20,666 feet. A gas column of approximately 525 feet was encountered in the primary objective reservoir. No further activity is planned and the well has been plugged and abandoned.
Iran Courting Bulgaria, EU as Alternative to Russian Gas
Iran's media reported on Sunday that the country is once again being seen as a potential supplier of natural gas to Europe through a major intercontinental pipeline scheme named as the Nabucco project.
Fuel Oil Supplies Soar in Southeast Asia as Russian Fuel is Diverted from Europe
Fuel oil stocks stored in the oil hub of Singapore are the highest in nearly two years as soaring Russian supplies are diverted from Europe, threatening to pressure Asian prices of the product that have rallied 10 per cent this month.
