News / International
Five-Star Oil Baron Donations for Cancer Patient Charity
More than 2,000 professionals offered donations to the UAE-based Friends of Cancer Patients (FoCP) at the12th Annual Oil Barons Charity Ball in Abu Dhabi, UAE yesterday (March 10).
Oando Energy To Start Oil Production Field in Nigeria
Oil and natural gas exploration company Oando Energy Resources Inc. announced the construction of infrastructure for Qua Iboe field in Nigeria is finished and commercial production has begun, according to a press release.
Snam CEO Enthusiastic About EU Gas Storage Plans
Europe's gas storage operators are discussing plans to develop a common European storage mechanism to see off potential threats to the bloc's gas supplies, the head of Italian gas grid company Snam told Reuters on Tuesday.
Africa’s Oil Reserves Still Profitable After Pricing Crisis
African oil explorers will keep drilling in select locations such as onshore east Africa and less complex projects off the West African coast even with oil at $60 a barrel, executives and analysts told Reuters.
Kentz Oil and Gas Service Provider Headed to Middle East
Kentz Corporation, a member of the SNC-Lavalin Group, has been awarded two sustaining capital contracts by a major oil company in the Middle East, with an anticipated combined value of over $500m.
Kuwait: OPEC Likely to Maintain Price Policy till June 5
OPEC is likely to maintain its production policy at a meeting in June, Kuwait's OPEC governor said on Tuesday in the first public comment on what would be a crucial decision to determine the direction of global oil prices in the second half of the year.
Iran and China Solidifying Trade, Energy Exchange
Iran and China hope to bring the level of their trade exchanges to $60 billion from the current $52 billion in a year or so, the head of Iran-China Joint Chamber of Commerce says.
Bahrain: Modernizing Refinery, Planning Bid Round, Investing in Solar Power
An expansion of Bahrain's Sitra crude oil refinery is expected to cost around $5 billion and the facility is likely to be commissioned by 2019, the energy minister said on Tuesday.
