News / International
Oman to Pour Billions into Indonesian Oil Sector
Oman has committed to invest $7 billion to build oil storage facilities, a petrochemical plant and a refinery in Indonesia, an Indonesian minister said on Thursday.
Yokogawa Releases Real-Time Tech with Multiple Energy Applications
Yokogawa Electric Corporation is set to release FAST/TOOLS R10.02, the latest version of a web-based real-time operations management and visualisation software package that brings changes to real-time process information intelligence
The Tanker Market Sends Warning to Oil Giants
Four months into oil’s rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat.
South Africa Oil Firm PetroSA Suspends Three Top Executives
South Africa's state oil company PetroSA suspended three top executives over declining revenues, poor investments and a failed bid to enter the fuel retail market, the Business Newspaper reported on Thursday.
Nigeria’s Buhari Faces a Series of Challenges as President
Crippling fuel shortages, power cuts, slowing economic growth and Islamist militants wreaking havoc. Muhammadu Buhari is taking on a tough job when he’s sworn in as Nigeria’s president on Friday.
Wafra Field to Remain Shut Down Till Further Notice
An jointly-operated onshore oilfield between Saudi Arabia and Kuwait will remain shut until difficulties to operate there are resolved
Iran’s Nuclear Power Program to Gain Additional Russia Help
A senior official of Russia’s State Corporation on Atomic Energy, Rosatom, has indicated his company’s interest in building new nuclear power plants in Iran.
Long-Term Cyclical Economics Favor Arab Oil Producers, Experts
Low production costs for Middle East companies offer regional players significant competitive advantage in the low price segment of an oil ‘super cycle’, a report said.
