News / International
Angola to Cut Budget by 25% as Oil Revenue Plunges
Angolan President Jose Eduardo dos Santos said oil revenue in this year’s budget will plunge by almost half, forcing Africa’s second-largest crude producer to cut spending.
Oil Export Port Reopens After Strike Staged by Guards in Libya
The Hariga oil export port reopened after guards ended a strike over unpaid wages, Reuters reported Feb. 10.
Iran Ups Fuel Oil Revenues Even with Sanctions
Iran has earned $1.35 billion for selling more than 3 million tonnes of fuel oil in the 10 months to January 21, up 30% in revenue from the same period of last year, oil ministry news website Shana cited an official as saying.
Abu Dhabi: Oxy to Develop Al-Hail and Ghasha Oilfields
State-run Abu Dhabi National Oil Company (Adnoc) has signed a technical agreement with US-based Occidental Petroleum to develop the Al-Hail and Ghasha oilfields, Adnoc said in a statement on Tuesday.
Iran Revives Plans to Sell Gas to Kuwait
Iran has announced readiness to start exporting natural gas to Kuwait.
Canada’s Katch Kan Opens HQ in Bahrain
Canadian oil and gas industry solution provider Katch Kan has launched its Middle East headquarters in Bahrain.
Hayward: Low Prices Will Retard Iraq Oil Growth
The head of Iraqi Kurdistan-focused oil producer Genel said Tuesday that Iraq's crude output would grow far slower than many expect, as the drop in oil prices reduces investments and stokes instability in the country.
Halliburton to Cut 5,000 Jobs
Oil and gas drilling services company Halliburton says it will eliminate at least 5,000 jobs in response to falling oil prices.
