News / International

Storage Industry Optimizing in Preparation for Oil Price Rebound

Oil traders are seeking out storage in order to sell at a profit in the future when the price rebounds, according to experts.

Bapco Cleared for Health and Safety by Auditors

Bahrain Petroleum Company (Bapco) has announced the completion of its fifth periodic occupational health and safety (OHSAS) 18001: 2007 external audit, which was done by Bureau Veritas auditors.

Oman Oil Executive Found Guilty in Anti-Corruption Campaign

The chief executive officer of Oman Oil Company has been sentenced to 23 years in jail in a landmark case that found that Ahmad Al-Wahibi accepted a bribe of $8 million from Korea-based firm LGI, a report said.

Qatar Encouraging Students to Find Green Energy Solutions

An educational green buildings competition was used by more than 150 students from 33 public schools in Qatar to help raise awareness about the benefits of green buildings and living by designing and building a model of an environmentally sustainable home.

Kuwait: GCC States Making Renewable Energy a Priority

Country is adopting plans to develop and rely mainly on ‘green’ renewable and environment-friendly energy

Frontier Brings Oil, Gas Recruitment Experience to Gurgaon, India

Frontier International, a specialist in international oil and gas resourcing, has opened its first office in India.

Oman Has 10% Stake in New Japanese-Saudi Power Plant Deal

Saudi Arabia's ACWA Power IPO-ACWA.SE and Japan's Mitsui & Co said on Monday they had won a contract from Oman's government to build and operate a $630 million, 445 megawatt natural gas-fired power plant

China Cracking Down on Petroleum Corruption

Chinese prosecutors on Monday charged a former senior energy executive with bribery, abuse of power and other corrupt practices, the latest official to face court in a sweeping crackdown on corruption.

Total Seeks Up to $15 Billion in Chinese Funds for Russian Project

Total SA is seeking the equivalent of up to $15 billion in Chinese financing to fund its expansion in Russia, its chief executive said, as U.S. sanctions complicate the French oil giant’s big bet there.

Credit Agency Cuts Nigeria to B+ on Weak Oil

Credit agency Standard & Poor's downgraded Nigeria's rating to B+ from BB- on Friday, saying the decline in oil prices in the past seven months had significantly affected the country's finances.

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