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PDO Plans to Award More Contracts to Local Community Firms
Oman >> 5/21/2017 - Oman’s national oil firm Petroleum Development Oman (PDO) plans to increase the number of contracts awarded to local community contracting companies (LCCs) as part of a larger initiative to strengthen...
Schlumberger Signs Memorandum of Understanding with Saudi Aramco
Saudi Arabia >> 5/20/2017 - Schlumberger signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.
Aramco Signs $50B Agreements with US Companies during Trump's Visit
Aramco Signs $50B Agreements with US Companies during Trump's Visit Saudi Arabia >> 5/20/2017 - Saudi Aramco signed agreements with major U.S. companies which will pave way for the company to enhance its business synergy with the U.S. as well as attracting investments from its U.S. counterparts ...
McDermott and Saudi Aramco Sign MOU at the First Saudi-U.S. CEO Forum
Saudi Arabia >> 5/20/2017 - McDermott International, Inc. signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s ...
Solo Announces Investment Update Ahead of General Meeting
Tanzania >> 5/19/2017 - Solo Oil plc (SOLO), the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, posted to Shareholders a circ...
EU plus Norway Stock Movements - May 2017
EU plus Norway Stock Movements - May 2017 Norway >> 5/17/2017 - Preliminary data for March shows that total European stocks rose slightly by 0.6 mb following a build of 20.0 mb in February. At 1,159.2 mb, European stocks were 5.1 mb, or 0.4%, lower than the same t...
Kingdom Opens Investment Chances to Korean Businesses
Saudi Arabia >> 5/15/2017 - Nearly 40 Korean companies and 100 participants recently attended the “Downstream Manufacturing Opportunities in Saudi Arabia” forum in Seoul, South Korea, as a way to promote investment opportunities...
Sinopec Willing to Double Foreign Investment to More Than $30 Billion
Iran >> 5/15/2017 - China’s giant state-owned oil and gas firm Sinopec is planning to splash big money into a continued expansion abroad to shore up access to energy resources as Beijing touts its main foreign policy ini...
Discussions with CEO of German DEA about Plans of Gas Production
Discussions with CEO of German DEA about Plans of Gas Production Egypt >> 5/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Thomas Rappuhn, Chief Executive Officer of the German DEA company and the accompanying delegation, including Mr. Dirk Warz...
Stock Movements - May 2017
Austria >> 5/11/2017 - OECD commercial oil stocks fell in March to stand at 3,013 mb, which is around 276 mb above the latest five-year average. Crude and products indicated a surplus of around 187 mb and 89 mb above the s...
Pall Corp. First US Tech Firm to Invest in Iran in Years
Iran >> 5/11/2017 - An Iranian company says a top American technology leader plans to invest in an Iranian oil equipment production project – what could be the first direct investment by a US oil company in Iran after th...
Poland Company Willing to Invest in Iran
Iran >> 5/10/2017 - Polish Oil and Gas Company (PGNiG) has expressed its willingness to invest in Iran’s oil sector, its director of business development said. ...
Vopak & AltaGas to Jointly Invest in Propane Export Terminal in Canada
Canada >> 5/8/2017 - Royal Vopak and AltaGas Ltd. (AltaGas) (TSX:ALA) announced that they have entered into a joint venture and will invest together in the development of the Ridley Island Propane Export Terminal (RIPET)....
$30b Needed for 2nd Phase of South Pars Development
Iran >> 5/7/2017 - Iran says will need 30 billion dollars in new investments for carrying out the second phase of South Pars gas field development. ...
OECD Americas Stock Movements - April 2017
OECD Americas Stock Movements - April 2017 United States >> 5/4/2017 - Total commercial stocks in OECD Americas fell by 10.8 mb in February to stand at 1,611 mb, 31.5 mb above a year ago and 230 mb higher than the seasonal norm. Within the components, crude rose by 23.9 ...
DNO Expands Investment at Tawke Field
Iraq >> 5/4/2017 - DNO ASA, the Norwegian oil and gas operator, expanded investments, including doubling of planned 2017 wells at the Tawke field in the Kurdistan region of Iraq, on the back of strong first quarter resu...
Centrica Investing £60m to Boost Morecambe Bay Production
United Kingdom >> 5/3/2017 - Centrica is securing 350 jobs after announcing a £60million investment in its operations offshore in Morecambe Bay. The project to refurbish two 5,000-tonne platforms in the East Irish Sea, which is e...
Discussions with The Romanian Ambassador to Egypt
Discussions with The Romanian Ambassador to Egypt Egypt >> 4/26/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Mihai Stefan Stuparu, Romanian Ambassador to Cairo to discuss available investment opportunities and joint work mechanisms...
Egypt Seeks Advisers for IPO Program Aimed at Boosting Revenue
Egypt Seeks Advisers for IPO Program Aimed at Boosting Revenue Egypt >> 4/26/2017 - Egyptian authorities are in talks with local and international investment banks to advise the government on selling stakes in state-run companies on the stock exchange, a senior official said. ...
Discussions with CEO of Arab-German Chamber of Commerce and Industry
Discussions with CEO of Arab-German Chamber of Commerce and Industry Egypt >> 4/24/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Andreas Hergenrother, CEO of Arab-German Chamber of Commerce and Industry in Cairo to discuss cooperation and available in...

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