News / International
Oil Slump and Geopolitics Hit Dana Gas
Dana Gas, citing falling oil prices and geopolitical issues, reported on Thursday a 19.8% in net profit of $125 million (Dh457 million) for 2014 compared to $156 million a year earlier.
Stateoil Embroiled in Iran Bribery Case
An Iranian lawmaker says Norway's largest oil producer Statoil ASA had bribed the son of former Iranian President Akbar Hashemi Rafsanjani to secure a contract on the development of a giant oil and gas field in Iran.
Oman: $116 million for New Drilling Project
Dalma Energy, a leading drilling contractor, has partnered with National Bank of Oman (NBO) for the financing of a new project for Petroleum Development Oman (PDO), according to a report.
Oil Gas Security Summit Planned for May
The fourth Gulf and Middle East Oil and Gas Security Summit will take place on May 18 and 19, under the Chatham House Rule and with no media present.
Petrobras CEO Resigns
Maria das Gracas Foster, chief executive officer of Petroleo Brasileiro SA (Petrobras) since 2012, has resigned along with five other senior executives.
Phillips 66 Gets Approval for California Refinery Project
The governing board of California’s Contra Costa County has approved a permit for Phillips 66 to move forward with a proposed project that would enable enhanced recovery of marketable propane and butane at the Rodeo portion of its 120,000-b/d San Francisco refining complex.
Texas Startup Plans $2 Billion Louisiana LNG Plant
A Texas startup plans a $2 billion natural gas liquification plant and export terminal near Lake Charles, Gov. Bobby Jindal said Tuesday.
Fighting Breaks Out Near Libya’s Largest Oil Port
Fighting between rival militias resumed close to Libya’s largest oil port on Tuesday, while Islamic State claimed another attack in Tripoli, as the country further descends into lawlessness.
