News / International
Saudi: Falling Demand for Oil is Chief Concern
The world’s largest exporter has chosen not to cut production, counting instead on lower prices to stimulate consumption, said Mohammad Al Sabban
Nigeria Plans to Diversify Economy Due to Oil Prices
Falling oil prices are a wake-up call for oil producing countries to continue to diversify their economies and minimise spending, a top official from Nigeria has said.
South Africa’s Government Aids Troubled Energy Sector
South Africa’s government has identified assets to sell to help Eskom Holdings SOC Ltd. cover its funding gap, with the first cash injection of 10 billion rand ($870 million) expected by about June, Finance Minister Nhlanhla Nene said.
Africa Oil Boom on Hold due to Crude Prices
The dash for resources that saw explorers invest billions of dollars to tap promising oil fields from Ghana on the west coast to Tanzania on the east, is stalling as the global drop in crude prices pushes drillers to reconsider the high costs of exploration on the African continent.
Kinder Morgan Agrees $3 Billion Deal for Bakken Pipeline
Kinder Morgan Inc. (KMI) has agreed to pay about $3 billion, including debt, to buy a pipeline network from oil billionaire Harold Hamm that will give the company a foothold in the Bakken shale formation.
Origin Confident After Offshore Australia Gas Discovery
Origin Energy Ltd. (ASX:ORG) has found what it calls potentially commercial gas in the Speculant-1 exploration well.
GCC Renewable Energy Targets 22% Cut in Water Use
Water saving potential of renewable energy among key findings of new Irena report
OPEC Decision Wrong: Iran, Venezuela and Oman Now Say
Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with crude prices falling.
