News / International
Magseis to Conduct Geological Surveys in Saudi Red Sea
Saudi Arabian Oil Co., the world’s largest crude exporter, is pressing ahead with a project to produce natural gas from the Red Sea by pursuing a geological survey of the area, according to Norway’s Magseis AS.
Bids for Abu Dhabi Largest Onshore Oil Fields
Abu Dhabi National Oil Co. is seeking final bids by tomorrow for concessions to the emirate’s largest onshore fields, said Abdullah Nasser Al Suwaidi, director general of the state-owned company.
Libyan Violence Threatens Presence of International Oil Companies
The violence roiling Libya has increasingly targeted oil companies and their assets, upending long-term investments by Western companies and driving down production in a country that helped trigger the world-wide rout in oil prices.
LNG To Support Industrial Growth in Morocco
BMI View: Morocco's plans to build a new LNG terminal at the port of Jorf Lasfar will be crucial to supporting diversification of energy supply and boosting industrial production over the longer term.
Major Power Sector Reforms in Nigeria
Much fanfare, enthusiasm and hope greeted reforms in Nigeria’s power sector. A majority of the citizenry beamed with restrained optimism that, in no distant time, their electricity worries would ease off as government advertised an uncommon gusto to reforming the sector.
Gasco Awards $700 Million Contract to Tecnicas Reunidas
Abu Dhabi Gas Industries (Gasco) has awarded Spain’s Tecnicas Reunidas (TR) a $700 million contract for a natural gas project in Abu Dhabi.
Saudi Discounts Shower Asia Market
Saudi Arabia, the world’s largest crude exporter, has cut its March oil prices to Asia by 90 cents - the largest discount in at least 14 years. Experts suggest the move is part of the country’s fight for global market share.
Sanctions Proposed Against Those Buying ISIS Oil
A proposed U.N. resolution to crack down on the financing of terrorist groups calls for sanctions on individuals and companies trading oil produced by the Islamic State and other al-Qaida-linked groups.
