News / International
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.
Oil Prices Gyrate with Ups and Downs of Iran Nuclear Deal
Oil settled down for a second straight session on Monday as Iran and six world powers tried to negotiate a deal on Tehran's nuclear program that could end Western sanctions and allow the OPEC member to ship more crude into an already flooded market.
Statoil Strikes New Offshore Exploration Discovery in Block 2 off Tanzania
Statoil today announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.
Iran Expanding its Caspian Sea Oil & Gas Exploration
Iran says it will expand exploration activities in the Caspian Sea as part of plans to discover new oil and gas fields.
GE Signs Gas Service Contract with Abu Dhabi’s ADGAS
GE Oil & Gas has announced a long-term service agreement with ADGAS, the Abu Dhabi-based regional pioneer in liquefied natural gas (LNG) and liquefied petroleum gas (LPG) production
Eskom’s Chairman Steps Down Despite South African Power Crisis
Zola Tsotsi will leave his post as chairman of Eskom Holdings SOC Ltd., the state utility that’s struggling to keep South Africa supplied with power, after a dispute over the suspension of four managers including the chief executive officer.
