News / International

Oil Trades Near Nine-Month High After Iran Denies Access to UN Inspectors

Oil traded near a nine-month high after United Nations inspectors in Iran were denied access to a suspected nuclear site, raising concern that tensions between OPEC's second-biggest producer and Western nations may escalate.

Iran stops oil sales to British, French companies

Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state's lifeblood, oil.

Sudan seizes 2.4 mln bbls of South’s oil -S.Sudan

Sudan has confiscated 2.4 million barrels of South Sudan's oil, bringing the total volume of crude Khartoum has seized in a row over oil transit fees to more than 6 million barrels since December, a South Sudanese official said on Tuesday.

Eni: new giant gas discovery in the offshore Mozambique

Eni announces a new giant natural gas discovery at the Mamba North 1 prospect, in Area 4 Offshore Mozambique, encountering a mineral potential of 212.5 billion cubic meters (7.5 tcf) of gas in place.

Syria’s Homs refinery pipeline attacked

A major oil pipeline near a large Sunni Muslim district in the Syrian city of Homs has been attacked, causing a fire, according to reports.

Repsol to develop the Reggane North gas fields in Algeria

Repsol and partners Sonatrach, RWE Dea and Edison have been granted authorization from the Algerian national agency ALNAFT (Agence Nationale pour the L'expertise des Hydrocarbures Resources) to develop the North Reggane project in the Algerian Sahara desert.

Fugro bags Pearl GTL maintenance work

Dutch company Fugro has been awarded a five year maitenance contract by supermajor Shell for the Pearl gas-to-liquids facility in Ras Laffan, Qatar.

Turkey sticks with Iran oil after Saudi talks

Turkey has no plans to cut its imports of Iranian oil, remaining a rare loyal customer of Tehran despite rising pressure from international sanctions and initial signals it may buy more Saudi oil, Turkish and Saudi sources told Reuters.

Circle Oil Provides Morocco Operating Update

Circle Oil Plc the international oil and gas exploration, development and production company, is pleased to announce the following update regarding the commissioning of the new pipeline and associated infrastructure for its Rharb Basin permits in Morocco.

Exxon Barred from Iraq’s 4th Energy Licensing Round

U.S. energy giant Exxon Mobil Corp. will be barred from Iraq's fourth oil-and-gas licensing auction, scheduled for May, because of the deals it struck with the country's semi-autonomous Kurdistan region, a spokesman for Iraq's Deputy Prime Minster for Energy Hussein al-Shahristani said Monday.

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