News / International

Marathon Oil Cuts Spending a Second Time

Marathon Oil Corp on Wednesday said it would cut its 2015 capital budget by another 20 percent to $3.5 billion, and reported that fourth-quarter profit rose, on a gain related to the sale of oil and gas properties in Angola and Norway. N

Unaoil Subsidiary to Rehabilitate Basrah Compressor Stations

Iraq-based Basrah Gas Company (BGC) has awarded UnaE&C Iraq, an engineering and construction subsidiary of Unaoil Group, a contract for the rehabilitation of West Qurna compressor stations CS7 and CS8 at West Qurna, Iraq.

Qatar Ironing Out 15-Year LNG Deal with Pakistan

State-run Qatargas is in the final stages of talks on a deal to supply Pakistan with 3 million tonnes of liquefied natural gas annually for 15 years, industry sources in Doha told Reuters on Wednesday.

Saudi Crude Exports Decline from December Peak

Opec heavyweight Saudi Arabia's crude oil exports dropped in December by 362,000 b/d to 6.934 million b/d from 7.296 million b/d in the previous month, official data showed on Wednesday.

Khamenei Lashes Out at Sanctions, Threatens Export Response

Iran’s Ayatollah Ali Khamenei warned that the OPEC member will stop exporting oil and natural gas if international sanctions against it stay in place, the official IRNA news agency reported, citing a speech he made in Tehran.

RT Global Resources Signs Uganda Refinery Contract

The Russian firm leads the consortium that has been chosen to build and operate Uganda’s USD 2.5 billion Hoima oil refinery project, according to the African nation’s oil ministry yesterday.

Abu Dhabi’s Masadar Opens Solar Grids in Far Off Fiji

Abu Dhabi-based green energy firm Masdar has opened three solar photovoltaic micro grid plants in the Pacific island nation of Fiji that will help brings clean energy to some of the outer islands.

Baker Hughes, Halliburton Issue Joint Proxy Statement

Halliburton and Baker Hughes have issued a joint proxy statement/prospectus relating to the merger of Baker Hughes into a wholly owned subsidiary of Halliburton.

Fuel Theft Causes Pemex to Rethink Pipeline Usage

Mexico's state oil company says it will no longer use pipelines to ship finished, usable gasoline or diesel amid a wave of fuel theft.

UAE: Oil and Civil Defense Sign LNG Memorandum

Emirates Gas (Emgas), a subsidiary of Emirates National Oil Company (Enoc), and Dubai Civil Defence have signed a memorandum of understanding (MoU) to facilitate issuance of No Objection Certificates (NOC) to bulk LPG installations.

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