Home World news

World news

Rosneft-led group acquires Essar Oil for nearly $13 billion

admin
0
0
0
The acquisition is the biggest foreign acquisition ever in India and Russia’s largest outbound deal. Billionaire brothers Shashi and Ravi Ruia have agreed to sell 98 per cent of Essar Oil and a port terminal at Vadinar to a consortium led by Russian oil major Rosneft for almost $13 billion. Oil trading firm Trafigura and […]

Gazprom gets permit for offshore section of TurkStream gas pipeline

admin
0
0
0
MOSCOW – Gazprom has received a survey permit for two strings of the TurkStream gas pipeline’s offshore section in Turkey’s territorial waters in the Black Sea. Alexey Miller, chairman of the Gazprom Management Committee, said: “I would like to highlight the constructiveness and promptness on the part of our Turkish partners. The TurkStream project is […]

Venezuela, Iran seek accord for oil market stability

Arab Energy News
0
0
0
Venezuela and Iran continue to seek consensus on ways to stabilize oil markets and strengthen Opec, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif. “We continue to build common ground and a new consensus on stabilizing oil markets, strengthening industries, strengthening Opec,” Maduro said in a […]

BP Dumps Veteran Pay Adviser After £14m Dudley Row

Arab Energy News
0
0
0
BP has ditched its long-standing adviser on executive pay in the wake of a stinging shareholder revolt which led to a majority vote against its boss’s £14m package earlier this year. The oil giant has ended its relationship with Gerrit Aronson, who had earned hundreds of thousands of pounds for his work there in the […]

Norway’s Oil Investments To Fall Again In 2017

Arab Energy News
0
0
0
Investment in Norway’s oil and gas sector, a cornerstone of the economy, will drop next year as weak crude prices push energy companies to rein in their budgets, a national statistics agency survey showed on Wednesday. Norway’s offshore sector generates a fifth of gross domestic product and a fall in crude prices has forced energy firms to […]

Turkey in talks to build $3bn power plant in Iran

Arab Energy News
0
0
0
Turkey’s Unit International plans to invest $3 billion on the construction of a 5,000-megawatt power plant in Iran, a report said. Unal Aysal, chairman of the Belgium-based energy firm, has concluded talks with Iran’s Energy Minister Hamid Chitchian in Tehran, Iran Daily reported, citing Fars News Agency. “At the moment, the signing of the final […]

200 tons of crude oil leaked into Gulf of Aqaba

Arab Energy News
0
0
0
200 tons of crude oil from a Jordanian pipeline spilled into the Gulf of Aqaba. The Eilat Ashkelon Pipeline Company (EAPC) contacted the Jordanian authorities and offered to help them contain the leak. Jordanian officials informed Israel last night (Tuesday) of an oil spill near the Port of Eilat. According to the report, 200 tons […]

BP, Azerbaijan Shah Deniz Stage 2 nearly reaching the 80% completion

admin
0
0
0
British oil supermajor, BP, said the implementation of its Azerbaijan Shah Deniz Stage 2 project continued successfully in the first half of 2016, with engineering and construction nearly reaching the 80% completion mark, Kallanish Energy learns. Activities continue at all offshore and onshore sites and fabrication yards in Azerbaijan, along the pipeline route. The project […]
Skip to toolbar