News / International
Oil Spill Trial Looms for BP
Lawyers for the government and oil giant BP are preparing for trial in New Orleans that could add more than $13 billion in penalties to the billions BP already has shelled out as a result of 2010 Gulf oil spill.
Expanding Iran-Iraq Trade to Include Gas
The bilateral trade value of Iran and Iraq has reached $12 billion
Petrobras Starts Deepwater Production in Gulf of Mexico
Petrobras announces the start of production at the Lucius field today. The field is located approximately 236 miles (380 km) southwest of Port Fourchon, Louisiana, in water depths of 7,086 feet (2,160 m).
ExxonMobil Begins Production in Far East Russia
Exxon Mobil Corporation (NYSE:XOM) announced today that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed.
Gulf Headed for Future of Gas Imports
A near doubling of gas demand in the Middle East and North Africa by 2035 could eat into exports and turn some countries in the region into net importers, the secretary general of the Doha-based Gas Exporting Countries Forum said yesterday.
DEWA at Abu Dhabi 2015 World Future Energy Summit
Dubai Electricity and Water Authority (DEWA) is participating in the World Future Energy Summit 2015, which is held in Abu Dhabi from 19- 22 January 2015.
Low oil prices affecting African economy
The continued fall of crude oil prices on the international market may impact negatively on Africa's economic growth, the African Capacity Building Foundation (ACBF) said Friday.
Iran Blames Oil Prices for Delaying Saudi Visit
A meeting between the foreign ministers of OPEC’s Iran and Saudi Arabia was delayed in part due to discord over falling crude prices, said Hossein Amir-Abdollahian, Iran’s deputy foreign minister for Arab and African affairs.
