Saudi Arabia, the world’s top crude oil exporter, has devised new plans to increase its oil prices through the cutting of its production and shipments.
Israel Energy Minister, Yuval Steinitz, has revealed that Israel will begin natural gas exports to Egypt within four months. In an interview, Steinitz said the deal to buy stakes in the EMG pipeline between Ashkelon in Israel and El-Arish in Egypt was almost closed and would be completed in “the next few weeks”. According to Reuters, the flow…
The government of Benin Republic has granted the China National Oil & Gas Exploration & Development Company (CNODC) approval to proceed with the portion of the Niger-Benin Pipeline proposed to evacuate crude exports from Niger’s Agadem basin to Port Seme on the Atlantic coast. The approval was made by the Council of Ministers and his…
French-based company, Total, the Republic of Benin and its national power utility, Societe Beninoise d’Energie Electrique, (SBEE) have signed a gas supply agreement as well as an agreement to develop a floating LNG import terminal in the country.
The Managing Director of Tema Oil Refinery (TOR), Isaac Osei has advised the Ghanaian government to cede part of the Tema Oil Refinery to private investors in order to foster its revamp and improve the company’s operations.
The International Maritime Organization’s (IMO) new emission standards to will take effect from January 1, 2020. The new emissions standards are designed to significantly curb pollution produced by the world’s ships. United Nations’s (UN) push for cleaner energy has moved the IMO to ban shipping vessels using fuel with a sulfur content higher than…
Total has signed an agreement to divest several of its UK non-core assets to Petrogas NEO UK Limited, the exploration and production arm of the Oman based conglomerate, MB Holding.
Gazprom, Russia’s gas monopoly has said that the company is developing the northern gas transmission corridor in Russian territory which will feed gas into Nord Stream-2 pipeline.
After selling off its biggest assets on the Norwegian continental shelf more than two years ago, Exxon Mobil has announced that it is considering the possibility of selling its remaining stakes in the region.
Saudi Aramco has awarded McDermott a contract for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.