News / International
Moody’s Downgrades Petrobras to Junk Status
Brazil's state-run oil company Petrobras' debt was downgraded to junk status on Tuesday by Moody's Investors Service.
Saudi Oil Minister Calms Oil Fears, Says Demand Rising
Oil demand is growing and the market has turned “calm,” according to Saudi Arabia’s Oil Minister.
Oil Price Slump Hits Qatar Investment House
The 750m riyal IPO would have raised half the money needed for the project, while the other half had been obtained from other investors.
Gulfsands Strikes Third Gas Discovery in Morocco
Gulfsands Petroleum has found gas at its DOB-1 well in Morocco in the Sebou onshore permit, the Office of Hydrocarbons and Mining said in a statement on Monday.
Moroccan Power Company Taqa Doubles Full-Year Net Profit
Moroccan power company Taqa Morocco, owned by Abu Dhabi National Energy Co , reported 2014 net profit attributable to shareholders up 102 percent to 799 million Moroccan dirham ($83.6 million), citing production from new units.
Uganda Offers Oil Bidround, Ending a Nine-Year Hiatus
Uganda has launched an oil-exploration licensing round for six blocks in its Lake Albertine Rift basin, ending a nine-year freeze on new licensing in its fast-growing energy sector.
Qatar: Gulf States Yet to Diversify from Oil
Rich Gulf Arab countries have so far failed to diversify their economies away from oil revenue and some may eventually face political challenges as a result, a senior Qatar central bank official said on Tuesday.
Iran Diverting Billions to Oil and Gas Development
Iran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament.
