News / International
Total Flares Out Ofon Offshore Development Field in Nigeria
Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG.
Clashes Continue at Libyan Oil Ports
Rival Libyan troops have clashed over two of the country's main oil terminals for a second day, leading to their closure.
Oil Price Drop Forces Nigeria to Adjust Budget
Nigeria has been forced to revise its budget following the dramatic fall in the price of oil.
Iraq’s Crude Exports Increased in December
Iraq's crude oil exports reached 2.94 million b/d in December, a new record high, taking the country's 2014 monthly average to 2.517 million b/d, as the recent deal with Kurdish authorities begins to bear fruit.
Kuwaiti Oil Drops to $47.36
The price of Kuwaiti oil went down by $3.99 Monday to $47.36 per barrel compared to $51.35 last Friday, said Kuwait Petroleum Corporation (KPC) Tuesday.
New Era for Australia with Departure of First LNG Tanker from Queensland
The departure yesterday of the first liquefied natural gas (LNG) tanker from Queensland’s Gladstone Harbor marks the start of Australia’s dramatic transition to being the world’s largest supplier of the critically important energy source.
Shell Reaches Settlement over Nigeria Oil Spill
Oil giant Royal Dutch Shell has agreed to a $84m (£55m) settlement with residents of the Bodo community in the Niger Delta for two oil spills.
White House Threatens Veto Over Keystone Pipeline Bill
The White House on Tuesday threatened to veto the first piece of legislation introduced in the Republican-controlled Senate, a bill approving the much-delayed Keystone XL oil pipeline, in what was expected to the first in many confrontations over energy and environmental policy.
