News / International
Japan’s Inpex Headed to UAE in Concession Contest
Japanese oil and gas developer Inpex Corp is in final adjustments to obtain a five per cent stake in a new concession to help operate the United Arab Emirates’ biggest oilfields for $1.1 billion, public broadcaster NHK said on Monday.
Brazil’s Petrobras on the Road to Recovery, but Challenges Remain
Petroleo Brasileiro SA’s new chief executive officer is close to overcoming his first major hurdle: getting auditors to approve financial results.
Petrobras Shuts Four Platforms in Brazil After Leak
Four Petrobras oil platforms off the north-east coast of Brazil have halted production after a leak of about 44 barrels of oil was detected coming from a pipeline linking the platforms.
Russia to ask UN for Sovereignty Over Arctic Platform
The Russian Ministry of Mineral Resources announced that it is presenting a claim for expanding the continental platform in the Arctic Ocean, in over a million square meters.
Nigerian Central Bank Calls for Tough Measures Due to Oil Prices
Nigeria's central bank ordered banks on Friday to crack down on borrowers with non-performing loans (NPLs) in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion.
Ukraine Needs International Company to Produce Gas
Ukraine is looking for an international operator for a project to produce gas in the country, Energy and Coal Minister Volodymyr Demchyshyn said at the IHS CERAWeek conference in Houston.
BP Selling Stake in North Sea Gas Pipeline
UK energy giant BP announced that its interest in the Central Area Transmission System (CATS) in the North Sea will be sold for £324m.
Poland Imports Gas from Iran
Poland's biggest oil refining company has purchased a cargo of gas condensates from Iran.
