News / International
UN Environment Report Praise Africa’s Share of Renewables
The global shift toward renewable energy is not only continuing apace — it may be picking up speed.
Brazil to Allow Energy Developers to Seek Rate Hike
With Brazil’s development bank BNDES offering less financing for small hydroelectric power projects, the country’s energy regulator will let developers seek higher rates at an energy auction planned for next month.
Gazprom Reports Huge Loss
OAO Gazprom, the world’s biggest natural gas producer, said its 2014 earnings used to calculate dividends fell 70 percent because of a foreign currency loss.
Harvest Natural Resources Inc to Seek Funding After Venezuela Asset Sale Blocked
Harvest Natural Resources Inc. is seeking to raise cash to fund operations after Venezuela blocked the sale of its remaining oil assets in the country.
Israeli to Provide Gas Pipeline to Gaza
Hamas deputy politburo chief Ismail Haniyeh said over the weekend that Israel agreed to providing a gas pipeline to Gaza's power plant - the plant has shut down on numerous occasions given Hamas's reliance on smuggling tunnels to Sinai that Egypt recently began cracking down on.
After Effects of Petrobras Scandal Spreads to US and UK
Investors in Petroleo Brasileiro SA, the state-run oil company at the center of a kickback scandal in Brazil, expanded their lawsuit against the company by adding claims that auditor PricewaterhouseCoopers LLP turned a “blind eye” to the fraud and “ignored obvious red flags.”
Bahrain Studying Budget Thanks to Oil Prices, Redirecting Subsidies
A comprehensive study on overhauling the subsidy system is currently underway at Cabinet level in Bahrain
Aramco’s Credibility Wins it $10Bn Credit Facility Agreement
Saudi Aramco has signed a new $10 billion standby revolving credit facilities agreement as part of the company’s strategy of maintaining financial flexibility.
