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Offer Received for Nigerian Investment
Nigeria >> 1/25/2016 - Further to its announcement of 21 January 2016, MX Oil is pleased to provide an update in connection with its Nigerian investment and proposed fund raising. The Company previously announced that it ha...
US Oil and Gas Drilling Expenditures up in 2014
United States >> 1/21/2016 - The domestic oil and natural gas industry spent an estimated $168.7 billion in drilling approximately 46,488 oil and natural gas wells in 2014, according to API’s 2014 Joint Association Survey on Dril...
BG Group Invests in Skills & Development in East Africa
Tanzania >> 1/21/2016 - BG Group is investing $1.45 million over 5 years to help equip people living in East Africa with the skills needed to secure job opportunities in the emerging oil and gas sector. ...
Iran Welcomes Slovak Investors
Iran >> 1/20/2016 - Iranian Vice-President Eshaq Jahangiri said Iran welcomes foreign investors including private companies of EU members including Slovakia. ...
Bashneft Raises US$ 500 million in Prepayment Under an Offtake Contract
Russia >> 1/20/2016 - Bashneft has successfully closed a US$ 500 million financing transaction led by Société Générale and PJSC Rosbank (together, the ‘Société Générale Group’) and Vitol S.A (‘Vitol’) and involving leading...
Saudi Aramco in Advanced Talks to Buy China Refinery Stakes
China >> 1/20/2016 - Saudi Aramco is in advanced talks to invest in refineries in China and the company was also in talks with CNPC and Sinopec for investment opportunities in refining, marketing and petrochemicals, the c...
Tap Oil & Mubadala Settle Thailand's Manora Oil Field Facilities Costs
Thailand >> 1/18/2016 - Australia's Tap Oil Limited disclosed that an agreement has been signed with the Operator of the Manora Oil Development in the Gulf of Thailand, Mubadala Petroleum (Operator), for the settlement of th...
Stock Movements - January 2016
Austria >> 1/18/2016 - OECD commercial oil stocks fell in November to stand at 2,966 mb, around 267 mb higher than the latest five-year average. Crude oil and products indicated a surplus of around 200 mb and 67 mb above ...
Eni CEO Says Iran Needs $150 billion of Energy Investment
Iran >> 1/18/2016 - Iran's emergence from economic sanctions will help Europe to diversify its energy supplies, but the Islamic Republic will need to invest at least $150 billion in infrastructure to become a major produ...
Oil Barrel at $25 and Algeria is Under Shock
Algeria >> 1/16/2016 - The government seeks new resources to fund its budget as oil price collapsed to less than $25. Experts warn against serious repercussions and expect strict measures to tighten the belt. ...
PTTEP May Cut 2016 Budget, Keen for Stake in BG's Bongkot Gas Field
Thailand >> 1/12/2016 - Thailand's PTT Exploration and Production Pcl is considering cutting its $3.4 billion investment budget for this year due to declining oil prices, its chief executive said. ...
Algeria's Energy Export Volumes Dip In Jan-Sept 2015
Algeria >> 1/7/2016 - Algeria's energy export volumes dropped 2.8 percent in the first nine months of 2015 due to a fall in output and a sharp rise in domestic consumption, the energy ministry said. ...
French Banks to Finance MIDOR Refinery Expansion
French Banks to Finance MIDOR Refinery Expansion Egypt >> 1/5/2016 - Egypt's oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank an...
AWE Approves First Stage Waitsia Gas Field Development
Australia >> 1/5/2016 - AWE Limited announced that the AWE-Operated L1/L2 joint venture has made the Final Investment Decision (FID) for Stage 1A of the Waitsia gas field development project, located in the onshore Perth Bas...
China Insurance Fund to nvest in Russia's Yamal LNG
Russia >> 1/5/2016 - More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects...
Egypt Arrears Owed to Oil Firms Rises to $3b at End-2015
Egypt Arrears Owed to Oil Firms Rises to $3b at End-2015 Egypt >> 1/3/2016 - Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla said. ...
China Stock Movements - December 2015
China Stock Movements - December 2015 China >> 1/2/2016 - The latest information for China showed a drop in total commercial oil inventories of 23.5 mb in October following a 5.6 mb stock-draw in September. At 378.2 mb, Chinese oil inventories were around 13...
Schlumberger will Support Tendrara License Operations
Morocco >> 12/30/2015 - Sound Energy, the European / Mediterranean focused upstream oil and gas company has entered into a Field Management Agreement with an affiliate of Schlumberger Oilfield Holdings Limited in relation th...
Investment Flows into Commodities Markets
Investment Flows into Commodities Markets Austria >> 12/27/2015 - Open interest volume (OIV) increased in November for select US commodity markets such as agriculture, crude oil, copper, natural gas and livestock, while it decreased for precious metals. Meanwhile, s...
Egypt Struggles to Pay For Oil amid Foreign Currency Crisis
Egypt Struggles to Pay For Oil amid Foreign Currency Crisis Egypt >> 12/24/2015 - Egypt is struggling to pay for U.S. dollar-priced oil product and liquefied natural gas (LNG) imports, cancelling purchases, and asking suppliers to extend payment terms amid an acute foreign currency...

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