Energy-exporting countries, which have put away billions of dollars in sovereign investment funds, may now be forced to draw on their “savings” as oil revenue
Tag: Norway
BP Faces a New Wave of Fines, Leading to Disinvestment
BP, sometimes referred to by its former name British Petroleum, the world’s sixth largest energy company by market capitalization, is facing a new batch of
Norway and Russia Strike an Oil Deal despite Sanctions
Russia’s number one crude oil producer Rosneft will do business with Norway’s North Atlantic Drilling Ltd (NADL) in return for shares in the company. Rosneft
Norway Fertilizer Yara Buys Brazilian’s Galvani Indústria
Norway Fertilizer Company Yara International has purchased 60 percent stake in the Brazilian phosphate miner Galvani Indústria for 390 million US dollars. Under the agreement
ExxonMobil Faces a Dilemma due to US Sanctions
The world’s most valued oil company, ExxonMobil, is struggling with an ordinary journey of an oil drilling rig, scheduled to resume operation some time ago,
Global Oil Demand to Accelerate Next Year
Global oil demand will expedite next year as the global economy resumes its growth. The demand will again encounter not only increasing growth rates across
Future of Tanzania’s Oil and Gas Revenues in Doubt
The expectations of the potential of natural gas in Tanzania have skyrocketed with many observers seeing natural gas to end aid dependency and fiscal troubles
Morocco’s OCP to Get 10 PC of Brazil’s Fertilizantes Heringer
Morocco’s state-run phosphate company OCP has sealed lately a deal for the purchase of a 10 pc stake in Brazil-based company Fertilizantes Heringer S.A for
Namibia’s Moratorium on Off-Shore Phosphates Project
A moratorium has been issued against an offshore phosphates project, controlled by Lev Leviev Namibia Phosphates Ltd., which was due to begin production in 2018.
Global Phosphate Fertilizers Demand Grows 3.2 PC Annually
The global demand for phosphate fertilizers will continue to increase by 3.2 pc annually up to 2018, says an industry report in its forecast for