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France’s Total Says Cutting Investment
France >> 9/23/2016 - French oil major Total said it would trim back costs and investment in 2017-2018 in the face of continued low oil and gas prices. Total said it would cut annual investment to between $15 and 17 billio...
OPIC Opens New Office in Kenya to Drive US-Led Investment
Kenya >> 9/22/2016 - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced the opening of OPIC’s first-ever East Africa office, located in Nairobi, Kenya, wit...
Petrobras Cuts $24b from Investment Plan
Brazil >> 9/20/2016 - The investment portfolio of 2017-2021 Plan prioritizes exploration and production projects of oil in Brazil, with emphasis on deep water. In other business areas, investments are intended primarily to...
Petrofac Threatens to Leave Tunisia over Protests
Tunisia >> 9/19/2016 - Petrofac is threatening to leave Tunisia and end its investment if protests over jobs that have disrupted gas production for nine months are not stopped immediately, government officials said on Monda...
iPAD Rwanda Assists Kigali Government & REG to “Develop Sector Efficiently & Effectively”
Rwanda >> 9/19/2016 - The third edition of the iPAD Rwanda Energy Infrastructure Forum returns to Kigali in November with the continued strong, official support of the state power utility REG, the Rwandan Ministry of Infra...
GE Plans to Invest $10 billion in Argentina through 2026
Argentina >> 9/19/2016 - U.S. industrial conglomerate General Electric Co will invest $10 billion in Argentina over the next decade, Vice Chairman John Rice said, the latest foreign company to announce new plans since Preside...
Egypt Government to Start IPO Program With Oil Companies
Egypt Government to Start IPO Program With Oil Companies Egypt >> 9/19/2016 - Egypt is set to launch its initial public offerings in government-owned companies with oil sector businesses, aiming to collect up to $10 billion dollars within three to five years, the minister of in...
OECD Stock Movements - September 2016
OECD Stock Movements - September 2016 Austria >> 9/17/2016 - Preliminary data for July shows that total OECD commercial oil stocks fell by 2.1 mb to stand at 3,091 mb. At this level, OECD commercial oil stocks were around 176 mb higher than the same time one ye...
Japan PM Adviser Says No Government Plan to Invest in Saudi Aramco
Saudi Arabia >> 9/16/2016 - Japan's government has no plan to invest in state-run oil firm Saudi Aramco's planned initial public offering, an adviser to Japanese Prime Minister Shinzo Abe said. ...
Gazprom & Uzbekneftegaz Discuss Bilateral Cooperation
Uzbekistan >> 9/13/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Alisher Sultanov, Chairman of the Board of Directors of Uzbekneftegaz, took place at the Gazprom headquarters...
Improved Design Practices Can Aid Environment
France >> 9/12/2016 - During the first months of 2016, perspectives for a stabilizing Oil market are being confirmed. Excess supply should curb in the following months given the unforecasted high increase in global oil dem...
Stock Movements - September 2016
Austria >> 9/12/2016 - OECD commercial oil stocks fell in July to stand at 3,091 mb. This is around 341 mb above the latest five-year average. Crude and products indicated a surplus of around 200 mb and 141 mb, respective...
Minister of Petroleum and Mineral Resources' Meeting with The British Ambassador in Egypt
Minister of Petroleum and Mineral Resources' Meeting with The British Ambassador in Egypt Egypt >> 9/7/2016 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with the British Ambassador in Cairo, John Casson , where they discussed joint cooperation aspects in petroleum and natural gas dom...
Tethys Petroleum Evaluating Alternative Funding Arrangements
Ireland >> 9/5/2016 - Following approval of The Grand Court in the Cayman Islands on August 19, 2016 to reduce the par value of the Company's ordinary shares from US$0.10 to US$0.01 the Company has worked with Olisol and i...
Japanese Minister Denies Rosneft Investment Rumours
Russia >> 9/2/2016 - Japan’s trade minister has dismissed reports claiming the government was considering investing in Russian giant Rosneft. ...
Israel Courting Energy Heavyweights to Seek Offshore Gas
Israel >> 8/31/2016 - Israel’s Energy Minister Yuval Steinitz is out to persuade big energy explorers put off by years of regulatory turmoil to search for natural gas off his country’s shores. ...
Iran to Seek Investor Bids in October 2016 with New Oil Contracts
Iran >> 8/30/2016 - Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars to boost output af...
Oil Companies to Spend $8 Billion to Start Output in Uganda
Uganda >> 8/30/2016 - Uganda expects three oil companies to invest $8 billion in the East African nation before they start producing crude in 2020, Energy Minister Irene Muloni said. ...
Norway Development Costs Cut by Nearly Half
Norway >> 8/29/2016 - The price tag for developing a field on the Norwegian shelf has declined by an average of more than 40 per cent since the autumn of 2014, according to the NPD's analysis of eight planned developments ...
EU plus Norway Stock Movements - August 2016
EU plus Norway Stock Movements - August 2016 Norway >> 8/29/2016 - Preliminary data for June shows a total European stock draw of 6.8 mb, reversing the previous month’s build of 11.6 mb to stand at 1,165 mb. At this level, they are 52.3 mb, or 4.7%, above the same ti...

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