News / International
CNOOC Finishes Offshore China Project
CNOOC Limited today announced that its Jinzhou 9-3 comprehensive adjustment project has commenced production.
Oil Prices Rise as Signs Companies Cut Production
Oil rose again Tuesday as oil giant BP announced plans to cut exploration spending, another sign that the recent plunge in prices will lead to cuts in global production.
Libya’s Kidnapped OPEC Envoy Freed
A senior oil official who represents Libya in the OPEC cartel has been freed after being kidnapped last month in Tripoli, National Oil Company sources said Monday.
Nigeria Cuts Down 2015 Joint Venture Oil Capex by 40%
Nigeria is reducing its capital budget for joint venture oil operations by 40% this year to $8.1 billion due to the slump in crude oil prices, sources at the Nigerian National Petroleum Corporation said Monday.
Eskom Cancels Plans to Rotate Blackouts in South Africa
South Africa’s power utility canceled plans to start rotating power cuts on Tuesday morning after households and businesses reduced demand, minimizing strain on the grid.
Aramco Red Sea Reversal
Saudi Aramco is postponing its Red Sea deepwater exploration plans due to its high cost amid a low crude price environment, according to a report
GE Oil & Gas Signs Kuwait Memorandum
GE Oil & Gas has signed a Memorandum of Understanding (MoU) with the Kuwait Oil Company (KOC), a subsidiary of Kuwait Petroleum Company (KPC), to collaborate in the state of Kuwait in research and development, develop cost-effective solutions for the oil and gas sector and provide specialised training programmes for engineers to strengthen Kuwaiti skilled talent
Iran’s South Pars Gas Decline
Iran has reduced the gas resource at Phase 12 of the South Pars field in the Persian Gulf.
