News / International

Hamriyah Free Zone Housing Petrochemicals, Expanding Plastics

Sharjah's Hamriyah Free Zone is seeking more investment in the plastics and packaging and food and sectors within the zone.

Libyan Eastern Port Begins to Load Oil for Export

A tanker bound for Italy was loading 600,000 barrels of oil at the Libyan port of Hariga on Sunday, an oil official said, the eighth loading at the eastern terminal this month as exports continue despite fights between armed factions.

Kuwait: Risk Management Key to Surviving Shale and Price Crunch

The drop in oil prices represents a crucial threat to the execution of many mega projects worldwide, Kuwait Petroleum Corporation CEO Nizar Al-Adsani said on Sunday.

Oman Goes from Surplus to Deficit Due to Expenditures & Oil Prices

Oman government posted a budget deficit of OMR360.8 million in 2014, against a surplus of OMR267.4 million in the previous year.

Nigerian Elections 2015: An Analysis of Oil, Militancy and Subsidies

On March 28, Africa’s biggest economy and also the continent’s largest oil producer, Nigeria, will go to the polls to elect its new president.

Hi-tech and Big Data Steps Into the U.S. Oil Industry

With the price of crude plumbing lows not seen since 2009, Royal Dutch Shell, Whiting Petroleum Corp and many others are turning to rocket fuel, Big Data, lasers, spectrometers and other new or revamped technologies to do more for less.

Saudi Stocks Rally After Yemen Air Campaign

Saudi Arabian stocks jumped the most in six weeks, leading a rally across Arab equity markets, after the country’s king pledged to restore stability in Yemen.

Petrobras Post-Scandal Leadership Reshuffle

Economist Guido Mantega resigned on 23 March from the Petrobras’ Board of Directors, leaving his position as chairman

Genel Issuing Bonds to Keep Kurdish Projects Afloat

Genel Energy has priced an issue of $230 million in senior unsecured bonds due 14 May 2019 on the same commercial terms as the existing GENEL01 PRO $500 million bond

China’s Cnooc Postpones Shale Project

China National Offshore Oil Corp (Cnooc) has decided to shelve its shale gas project in Anhui province in the latest sign that the shale gas revolution that transformed the US energy industry is unlikely to replicate itself in China.

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