News / International

Saudi Stocks Rally After Yemen Air Campaign

Saudi Arabian stocks jumped the most in six weeks, leading a rally across Arab equity markets, after the country’s king pledged to restore stability in Yemen.

Petrobras Post-Scandal Leadership Reshuffle

Economist Guido Mantega resigned on 23 March from the Petrobras’ Board of Directors, leaving his position as chairman

Genel Issuing Bonds to Keep Kurdish Projects Afloat

Genel Energy has priced an issue of $230 million in senior unsecured bonds due 14 May 2019 on the same commercial terms as the existing GENEL01 PRO $500 million bond

China’s Cnooc Postpones Shale Project

China National Offshore Oil Corp (Cnooc) has decided to shelve its shale gas project in Anhui province in the latest sign that the shale gas revolution that transformed the US energy industry is unlikely to replicate itself in China.

UAE Peaceful Nuclear Program Takes Step Forward

The Emirates Nuclear Energy Corporation (Enec) has filed the Operating License Application (OLA) for Barakah Units 1 & 2 with the UAE’s Federal Authority for Nuclear Regulation (FANR).

Iran: Must Shelter Industry from Post-Sanction Oil Surge

Minister of Economic Affairs and Finance Ali Tayyeb-Nia has emphasized that serious plans have been devised to cushion the economy against what is internationally known as “the Dutch Disease”.

Blackstone CEO: Oil Price Slump Creates Opportunities Elsewhere

Blackstone Group LP’s Chairman Stephen Schwarzman is seeing “remarkable” opportunities in debt and equity that are emerging out of the slump in crude oil.

Oil Service Company Schlumberger Fined More Than $200 Million By US

The U.S. Justice Department said on Wednesday that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine.

Ukraine Update – Oil Tycoon Kolomoisky Fire From Political Post

Ukraine's president fired powerful tycoon Ihor Kolomoisky as a regional governor on Wednesday in a risky move that could affect the internal balance of power and Kiev's fight against Moscow-backed separatists.

Arab OGS to Network for Innovative Energy Technology Solutions

The 19th Arab Oil and Gas Show (OGS) will focus on promoting innovative solutions and technologies at this year’s event, according to Saeed Mohammed Al Tayer, managing director and CEO of Dewa, president and founder of Wetex.

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