News / International
Oil Price Stabilisation to Help Lower Russia’s Inflation
Further stabilization of oil prices is likely to help lower inflation in Russia, allowing the central bank to reduce rates at a faster pace, the World Bank said Monday as it raised the economic outlook for the country.
Total Announces Two Billion Barrels on Offshore Angola
Total has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshoreBlock 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become Total’s most prolific site with production of over 700,000 barrels per day.
Seven Energy Seeks to Increase Gas Production in Nigeria
Seven Energy International Ltd. in Nigeria aims to work together with other companies in the country to increase gas production, Bloomberg Business reported. Seven Energy expects to quadruple gas production in Nigeria from 110 million standard cubic feet to 500 million cubic feet in four years. The need to meet increasing demand for gas in the power sectorcomes at a time of crisis this year.
Oil Tanker Explodes in Southern Nigeria Killing 69
A runaway oil tanker truck exploded in a crowded bus station in the south of the country, setting ablaze 12 buses carrying passengers and killing 69 people, Nigeria's Red Cross and police said Monday.
Oil Price Slump Strains Saudi Finances
Military spending and government hand outs could accelerate reserve drawdown
Abu Dhabi Exports, Investments Feel Pinch of Oil Prices
Fabulously wealthy Abu Dhabi is tightening its belt as low oil prices slash its export revenues
Nuclear Reactors to be Delivered to UAE as Regional Competition Heats Up
Westinghouse Electric opens Abu Dhabi office to work with Enec
Debt and Payments Scheme Agreed between Iran and China
Iran and China have agreed on a new arrangement for crude oil payments under which Beijing will reimburse part of the money owed to Tehran in cash,
