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Brazil's Senate Passes Bill to Relax Petrobras Hold on Subsalt
Brazil >> 2/24/2016 - Brazil's Senate approved a bill that ends a requirement that state-run oil company Petroleo Brasileiro SA operate all new developments in an offshore region known as the Subsalt Polygon and provide at...
RimRock Oil & Gas Invests up to $500m by Warburg Pincus
United States >> 2/24/2016 - RimRock Oil & Gas (RimRock), a start-up oil and gas exploration and production company, announced that Warburg Pincus, a global private equity firm focused on growth investing, has agreed to a line-of...
India's ONGC $500m San Cristobal Investment Deal Imminent
Venezuela >> 2/24/2016 - Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company's presid...
Mexico's PEMEX Chief Says Debt Level is Not Sustainable
Mexico >> 2/23/2016 - Mexico's state-run oil company PEMEX is working on solutions to reduce debts owed to service providers and is also open to cutting its workforce if necessary to adjust to a lower price environment, th...
Iran to Sign $10-15b New Petroleum Contracts
Iran >> 2/23/2016 - Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi foresees that Iran will be able to sign 10 to 15 billion dollars of the new petroleum contacts by next year. ...
Sky-Futures Raises Additional $5.7 Million in Investments
United Kingdom >> 2/19/2016 - Sky-Futures, the leading provider of drone inspection services for the oil and gas industry, today reported that it has a $4.2 million investment by Bristow Group, and an additional $1.5 million inves...
Seven Energy Secures $100m of Additional Equity Capital
Nigeria >> 2/17/2016 - Seven Energy International Limited (Seven Energy), the leading integrated gas company in south east Nigeria, with oil and gas interests in the region, has secured US$100 million of new equity capital....
Iran Needs Multi-Billion Dollar Offshore Oil Investment
Iran >> 2/16/2016 - First Vice President Eshaq Jahangiri said that Iran needs hundreds of billions of dollars in investment to develop its offshore oil and gas reservoirs which include joint fields with neighboring count...
Statoil Launches USD 200m New Energy Investment Fund
Norway >> 2/16/2016 - Statoil launches a new venture capital fund dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. ...
Algeria to Seek Consensus on Oil Price
Algeria >> 2/15/2016 - Algeria is in talks with oil producers within and outside Organization of Petroleum Exporting Countries (OPEC), to reach an agreement that would stabilize the oil market and raise prices, the Algerian...
Shell Expects its Brazil Output to Quadruple by 2020
Brazil >> 2/15/2016 - Royal Dutch Shell , Europe's largest oil company, expects to make robust investments in Brazil's offshore resources, hoping to quadruple oil and gas output there by the end of the decade, its chief ex...
Eni Invested $4 Bln on First Phase of Zohr Gas Field
Eni Invested $4 Bln on First Phase of Zohr Gas Field Egypt >> 2/15/2016 - Eni has invested $4 billion in the development of the first phase of Egypt's giant offshore Mediterranean gas field, Zohr, including the drilling of four wells, an Egyptian official said. ...
$4bn Investment by BASF in Iran Petchem Sector
Iran >> 2/13/2016 - Germany's giant chemical company BASF is planning to invest 4 billion dollars in Iran's petrochemical industry, a senior petrochemical official said. ...
Stock Movements - February 2016
Austria >> 2/11/2016 - OECD commercial oil stocks fell in December to stand at 2,974 mb, which is around 310 mb higher than the latest five-year average. Crude and products indicated surpluses of around 249 mb and 61 mb, ...
India Seeks UAE Investment in Energy Sector
India >> 2/10/2016 - India has invited investments from the United Arab Emirates in a slew of oil projects as part of Prime Minister Narendra Modi's drive to attract greater foreign participation in upgrading and expandin...
China's Kaidi to Build $1.1 Bln Biodiesel Plant in Finland
Finland >> 2/10/2016 - China's Sunshine Kaidi New Energy Group said it is planning to invest about 1 billion euros ($1.13 billion) in a new wood-based biodiesel plant in Finland, offering a potential boost to the recession-...
Investment Flows into Commodities Markets
Investment Flows into Commodities Markets Austria >> 2/7/2016 - Open interest volume (OIV) decreased in December for select US commodity markets such as agriculture, copper, natural gas and livestock, and precious metals, while it increased for crude oil. Meanwhil...
A Working Meeting Between Republic of Venezuela & Rosneft
Venezuela >> 2/2/2016 - Rosneft Chaiman of the Management Board Igor Sechin held a working meeting with the Minister of Petroleum and Mining of the Bolivarian Republic of Venezuela, President of PDVSA, Eulogio Del Pino. ...
General Electric Signs $600m Investment Deal in Italy
Italy >> 1/31/2016 - GE Oil & Gas announced a new Memorandum of Understanding that will lead to the investment of $600 million over the next five years in Italy. The MoU was signed in Florence by GE Oil & Gas at a ceremon...
LG Chem Drops Plan to Build $4.2 Bln Kazakh Petrochem Complex
Kazakhstan >> 1/26/2016 - South Korea's LG Chem said it had decided to drop a plan to jointly build a $4.2-billion petrochemical complex in Kazakhstan, citing a prolonged slump in oil prices and a sharp increase in facility in...

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