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Russia's Sibur Talking to Sinopec About Gas Plant Investment
Russia >> 3/31/2016 - Russian petrochemical company Sibur is in talks with shareholder Sinopec about investing in a planned gas chemical plant in Russia's Far East, Sibur boss Dmitry Konov told reporters. ...
Solvay, Caisse des Dépôts & Marubeni Invest in New Energy Projects
France >> 3/31/2016 - Solvay, Caisse des Dépôts, and Marubeni Europe plc (Marubeni), have expanded their energy efficiency partnership with two new projects to finance and operate cogeneration plants at Solvay’s facilities...
BP and KPC Sign Agreement to Explore Opportunities in Oil, Gas, Petrochemicals
Kuwait >> 3/30/2016 - BP and Kuwait Petroleum Corporation (KPC) have signed a framework agreement to explore possible joint opportunities for investment and cooperation in future oil, gas, trading and petrochemicals ventur...
ONGC Approves $5 Billion Offshore Development Plan
ONGC Approves $5 Billion Offshore Development Plan India >> 3/28/2016 - Board of Directors of ONGC have, in its 280th meeting held, approved the Field Development Plan (FDP) for the development of fields falling under Cluster 2 of the Deep-water NELP Block KG-DWN-98/2. Th...
CNPC & Total Sign Strategic Framework Cooperation Agreement
China >> 3/21/2016 - CNPC Chairman Wang Yilin and Total Chairman and CEO Patrick Pouyanné, who is currently in Beijing attending the China Development Forum 2016, inked a strategic framework cooperation agreement, to prom...
2016/2017 Work Programme & Budget Agreed with Oil India
Russia >> 3/21/2016 - PetroNeft (PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased announce that it has reac...
Saudi Aramco to Keep Investing in Downstream Sectors
Saudi Arabia >> 3/21/2016 - Saudi Aramco Chief Executive Amin Nasser said his company will continue to invest in upstream and downstream sectors, expecting an upwards adjustment in oil prices to begin by the end of 2016. ...
CCED Oman to Invest $340 m in Blocks 3 & 4
Oman >> 3/21/2016 - Independent oil and gas exploration and production company CC Energy Development (CCED) plans to invest around $340 million in augmenting exploration and production facilities in its Block 3 and 4 acr...
IMF Sees Oil Price Risk for Algeria
Algeria >> 3/16/2016 - The International Monetary Fund warned Algeria's government that deep structural reforms are necessary to buffer against pressure from low oil prices. ...
$16bn Investment for North Pars
Iran >> 3/15/2016 - North Pars gas field is located 120 kilometers southeast of Bushehr province in the Persian Gulf waters. The field is 3,500 meters deep under water and is 10 to 15 kilometers far from coast. ...
NIOC to Issue $1.5b in Bonds to Fund Oil, Gas Projects
Iran >> 3/14/2016 - National Iranian Oil Company (NIOC)s chief said the company will issue 50 trillion rials (about $1.454 billion) in bonds before the end of the current Iranian calendar year to March 19) to finance som...
Stock Movements - March 2016
Austria >> 3/14/2016 - OECD commercial oil stocks rose in January to stand at 3,023 mb, which was around 328 mb higher than the latest five-year average. Crude and products indicated surpluses of around 244 mb and 84 mb, ...
Iran & UK Hold Oil Industry Investment Talks
Iran >> 3/13/2016 - Head of the Presidential Office Mohammad Nahavandian said that bilateral meetings were held with British officials and businessmen on investment in oil industry, infrastructure, and environment fields...
India's ONGC Plans $5b Investment to Develop Eastern Gas Asset
India >> 3/12/2016 - India's Oil and Natural Gas Corporation said it will unveil an investment of around $5 billion by the end of March to develop a major gas asset in the east, with a view to tapping higher gas prices. ...
Agreement in Principle on Japan-Kenya Investment Agreement
Kenya >> 3/11/2016 - Japan and the Republic of Kenya reached an agreement in principle on the Japan-Kenya Investment Agreement after five rounds of negotiations. Japanese Prime Minister Shinzo Abe and Hon. William Arap Ru...
Algeria Not 'in Bankruptcy,' Despite Drop in Oil Prices
Algeria >> 3/10/2016 - Prime Minister Abdelmalek Sellal said that Algeria is not "in bankruptcy, adding that the country has "important assets" allowing it to face the fall in oil prices in world markets. ...
Brazil Oil Measures Could Unlock $120b in Investments
Brazil >> 3/9/2016 - Measures to encourage oil and gas exploration in Brazil published in the official gazette could unlock $120 billion in investments, Energy Minister Eduardo Braga said in a statement. ...
EGAS Makes First LNG Payments for Year
EGAS Makes First LNG Payments for Year Egypt >> 3/7/2016 - Egypt's state-owned EGAS has made its first payments to liquefied natural gas (LNG) suppliers since payment terms for deliveries were extended, trade sources said. ...
Petronas Chemicals to Spend $4 Billion Over 5 Years
Singapore >> 3/2/2016 - Petronas Chemicals Bhd., a unit of Malaysia’s state energy company, will spend $4 billion over the next five years to mostly invest in a refinery and petrochemicals complex spearheaded by its parent i...
Oryx Petroleum and Zeg Oil & Gas Announce Strategic Investment
Iraq >> 3/1/2016 - Oryx Petroleum Corporation Limited and Zeg Oil and Gas Ltd have entered into a definitive agreement whereby Zeg Oil has subscribed for and been issued 75.7 million common shares of the Corporation for...

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