News / International
Qatar’s Tasweeq Planned Naphtha Tender Cancelled
Qatar's Tasweeq has cancelled a sale tender for 75,000 tonnes of naphtha for April lifting from Ras Laffan, due possibly to an outage at a condensate splitter which has been scheduled to shut next month, traders said.
Gulf of Thailand Site of Gibraltar Rig Exploration Well
KrisEnergy has commenced drilling of the Rossukon-2 exploration well using the Key Gibraltar jack-up rig in G6/48 in the Gulf of Thailand, where the Rossukon oil accumulation was discovered in 2009.
China to Influence Oil Prices through Crude Futures Exchange
China plans to allow foreign investors to trade its proposed crude futures contract as the world’s second-largest oil consumer seeks to bolster its influence in determining benchmark prices.
Abu Dhabi’s Mubadala Petroleum Heading to Moroccan Coastline
Mubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to carry out an evaluation of the hydrocarbon potential of a large area offshore Morocco’s Mediterranean coast.
Energy Projects Focus of Upcoming Jordan Summit in May
Top delegates will provide insight into the strategic development combined with commercial energy projects at a summit in Amman, Jordan in May.
India Beefing Up Reserves, Refining Iraqi Crude
India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap prices and lending some support to a market suffering from oversupply.
Iran not to Reduce OPEC Share, Criticizes Cartel for Supply Glut
Iran’s Minister of Petroleum Bijan Namdar Zangeneh says Tehran will not reduce its share of crude production at the Organization of the Petroleum Exporting Countries (OPEC).
BP Declares Force Majeure on Angolan Oil Project
BP has declared force majeure on oil output from an Angolan oil project which provides almost 10 percent of the OPEC member's exports after a power loss.
