News / International
Iran Preparing for South Pars Oil Production
Iran is set to produce oil from the South Pars mega field within the next couple of years, says official.
Abu Dhabi Big Data Management Energy Conference Slotted for May 19-20
Fleming Gulf Conferences, a leading business-to-business (B2B) event organisers, will arrange the Big Data Energy Innovation Summit to highlight the various opportunities in big data for the energy and utilities sectors, in Abu Dhabi, UAE.
Philippine Government Orders Suspension of Oil Exploration Over Dispute With China
The Philippine government has ordered the suspension of all exploration at an offshore oil and gas field because of an ongoing territorial dispute with China, a Filipino-British company said.
Gas Demand in Nigeria Drives Growth at Seplat
Nigerian energy company Seplat (SEPLAT.LG) expects its gas business to contribute around a third to its profits over the next two years, up from less than 10 percent today, as demand for electricity generation in Africa's biggest economy soars.
Crude Price Drop Boon to EnergyTEK Asset Acquisition
EnergyTEK Corp is developing a distressed energy asset acquisition programme to take advantage of low asset prices following the slide in oil price.
Kazakhstan-China Oil and Gas MOU Signed
Tethys Kazakhstan SA, a subsidiary of Tethys Petroleum, has signed an MOU with PetroChina International Kazakhstan to explore the feasibility of a long-term and mutually beneficial cooperation in natural gas and crude oil deliveries.
Libyan Oil Fields Seized by Militants
Rival Libyan forces carried out tit-for-tat air strikes on oil terminals and an airport on Tuesday, escalating their battle for control of the oil-producing country days before United Nations peace talks are to resume in Morocco.
Oil Prices Recover as Netanyahu Speaks to US Against Iranian Deal
Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African nation.
