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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...
Iraq Announces New Investment Refinery in Basrah / Faw
Iraq >> 4/24/2017 - The ministry of oil would like to announce for a new investment opportunity to build an investment refinery in Basra – Faw with a capacity of 300 thousand barrels / day. ...
Talks with the Delegation of Japan Bank for International Cooperation
Talks with the Delegation of Japan Bank for International Cooperation Egypt >> 4/19/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received a delegation from Japan Bank for International Cooperation (JBIC), including Mr. Moriki Aida, Chief Executive Officer of the B...
California Resources & Macquarie to Invest up to $300 Million
United States >> 4/19/2017 - California Resources Corporation and Macquarie Infrastructure and Real Assets (MIRA) have formed a strategic joint venture in which MIRA has committed to fund $160 million for the development of oil a...
DNO Investment in Oman Block 8 Tops $100 million
Oman >> 4/18/2017 - Norwegian oil and gas firm DNO has ploughed in excess of $100 million in Block 8 since it acquired operatorship of the concession offshore Oman’s Musandam peninsula in 2012 — a figure set to rise as t...
Egyptian – Cameroonian Discussions in Petroleum & Mining Domains
Egyptian – Cameroonian Discussions in Petroleum & Mining Domains Egypt >> 4/17/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Hernest Ngoua Boubou, Cameroonian Minister of Mines, Industry and Technological Development and the accompanying delegatio...
Petroleum Minister in Discussions with the Director General for European Neighborhood Policy
Petroleum Minister in Discussions with the Director General for European Neighborhood Policy Egypt >> 4/12/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Christian Danielsson, Director General for European Neighborhood Policy and Enlargement Negotiations accompanied by Ambass...
Total-Hanwha JV Invests $450 Million to Expand Its Refining & Petrochemicals Platform
South Korea >> 4/12/2017 - Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest to expand its Daesan refining & petrochemicals integrated platform. The planned $450 million investment will inc...
Stock Movements - April 2017
Austria >> 4/12/2017 - OECD commercial oil stocks fell in February to stand at 2,987 mb, which is around 268 mb above the latest five-year average. Crude and products indicated a surplus of 227 mb and 41 mb above the seaso...
US Stock Movements - March 2017
US Stock Movements - March 2017 United States >> 4/10/2017 - Preliminary data shows that following the build of 11.9 mb seen in January, US total commercial oil stocks rose by 1.8 mb, to stand at 1,349.2 mb in February, 31.0 mb, or 2.4%, above the same period a...
Aramco Board to Meet in Shanghai as it Seeks Chinese Investors for IPO
Saudi Arabia >> 4/10/2017 - Saudi Aramco's board will meet in China in May for the first time in seven years, industry sources said, as the state-owned energy firm seeks to lure Chinese and Asian investors to its giant share off...
Tendeka Wins Two-Year Contract Extension with a Leading Asia-Pacific Operator
Malaysia >> 4/4/2017 - Tendeka celebrates its most recent win after being awarded a two-year contract extension with a leading Malaysian operator. This award is in line with the company strategy to strengthen its offering b...
Panel Discussion about the Future of Energy in the Region
Panel Discussion about the Future of Energy in the Region Egypt >> 4/3/2017 - During his visit to Jordan to attend the proceedings of The 3rd Jordan International Energy Summit, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources participated in a Panel Discussion ...
Sinochem Said to Hire Advisers to Manage Pre-IPO Stake Sale
China >> 3/31/2017 - Sinochem Group, the Chinese state-owned oil and chemicals producer, has hired investment banks to arrange a stake sale to outside investors ahead of a potential initial public offering, according to p...
First Microfactory Launched in UAE
United Arab Emirates >> 3/27/2017 - Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, the Dubai Future Foundation and GE Additive are uniting their collective expertise behind the establish...
$1.7 Billion Investment to Expand Total’s Petrochemicals Activities in Texas
United States >> 3/27/2017 - Total is entering a partnership with Borealis and Nova to form a joint venture with the aim of building an ethane steam cracker and a new Borstar® polyethylene unit on the US Gulf Coast. Total is expe...

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