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Thai PTTEP to Invest at Least $1.7B in 2017 to Maintain Output
Thailand >> 10/3/2016 - PTT Exploration and Production Pcl, Thailand's largest oil and gas explorer, plans to invest at least $1.7 billion in 2017 to maintain its production at the same level as last year, chief executive sa...
Mozambique Minister's Sacking Not Affect Gas Project Decision
Mozambique >> 9/30/2016 - The sacking of Mozambique's energy minister will not affect Italian oil firm Eni's final investment decision on an offshore gas project there, Eni Chief Executive Claudio Descalzi said. Energy Ministe...
India ONGC to Invest $5.1B in 4 Years in East Coast Oil Gas Asset
India >> 9/30/2016 - India's Oil and Natural Gas Corporation will invest 340.12 billion rupees ($5.11 billion) in four years to develop cluster 2 of east coast deepwater block, the company said. ...
Aramco Plans to Invest $334bn by 2025
Saudi Arabia >> 9/27/2016 - Saudi Aramco plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity, a senior Aramco official said. ...
Singapore and ARA Stock Movements - September 2016
Singapore and ARA Stock Movements - September 2016 Singapore >> 9/27/2016 - At the end of July, products stocks in Singapore rose by 4.8 mb, reversing the fall of last month. At 55.2 mb, they were 3.4 mb, or 6.6%, above the same period a year ago. Within products, all product...
Board of Directors Commends Progress Made on Major Investment Projects
Russia >> 9/27/2016 - The Gazprom Board of Directors commended the Company for the progress made on its major investment projects. It was noted that Gazprom was taking extensive countrywide efforts to set up new gas produc...
Signing Three Petroleum Agreements with Investments of $ 595m
Signing Three Petroleum Agreements with Investments of $ 595m Egypt >> 9/24/2016 - Eng.Tarek El Molla, Minister of Petroleum and Mineral Resources signed 3 petroleum agreements for EGPC with the Italian IEOC and the English BP for natural gas and oil exploration and production in th...
France’s Total Says Cutting Investment
France >> 9/23/2016 - French oil major Total said it would trim back costs and investment in 2017-2018 in the face of continued low oil and gas prices. Total said it would cut annual investment to between $15 and 17 billio...
OPIC Opens New Office in Kenya to Drive US-Led Investment
Kenya >> 9/22/2016 - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced the opening of OPIC’s first-ever East Africa office, located in Nairobi, Kenya, wit...
Petrobras Cuts $24b from Investment Plan
Brazil >> 9/20/2016 - The investment portfolio of 2017-2021 Plan prioritizes exploration and production projects of oil in Brazil, with emphasis on deep water. In other business areas, investments are intended primarily to...
Petrofac Threatens to Leave Tunisia over Protests
Tunisia >> 9/19/2016 - Petrofac is threatening to leave Tunisia and end its investment if protests over jobs that have disrupted gas production for nine months are not stopped immediately, government officials said on Monda...
iPAD Rwanda Assists Kigali Government & REG to “Develop Sector Efficiently & Effectively”
Rwanda >> 9/19/2016 - The third edition of the iPAD Rwanda Energy Infrastructure Forum returns to Kigali in November with the continued strong, official support of the state power utility REG, the Rwandan Ministry of Infra...
GE Plans to Invest $10 billion in Argentina through 2026
Argentina >> 9/19/2016 - U.S. industrial conglomerate General Electric Co will invest $10 billion in Argentina over the next decade, Vice Chairman John Rice said, the latest foreign company to announce new plans since Preside...
Egypt Government to Start IPO Program With Oil Companies
Egypt Government to Start IPO Program With Oil Companies Egypt >> 9/19/2016 - Egypt is set to launch its initial public offerings in government-owned companies with oil sector businesses, aiming to collect up to $10 billion dollars within three to five years, the minister of in...
OECD Stock Movements - September 2016
OECD Stock Movements - September 2016 Austria >> 9/17/2016 - Preliminary data for July shows that total OECD commercial oil stocks fell by 2.1 mb to stand at 3,091 mb. At this level, OECD commercial oil stocks were around 176 mb higher than the same time one ye...
Japan PM Adviser Says No Government Plan to Invest in Saudi Aramco
Saudi Arabia >> 9/16/2016 - Japan's government has no plan to invest in state-run oil firm Saudi Aramco's planned initial public offering, an adviser to Japanese Prime Minister Shinzo Abe said. ...
Gazprom & Uzbekneftegaz Discuss Bilateral Cooperation
Uzbekistan >> 9/13/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Alisher Sultanov, Chairman of the Board of Directors of Uzbekneftegaz, took place at the Gazprom headquarters...
Improved Design Practices Can Aid Environment
France >> 9/12/2016 - During the first months of 2016, perspectives for a stabilizing Oil market are being confirmed. Excess supply should curb in the following months given the unforecasted high increase in global oil dem...
Stock Movements - September 2016
Austria >> 9/12/2016 - OECD commercial oil stocks fell in July to stand at 3,091 mb. This is around 341 mb above the latest five-year average. Crude and products indicated a surplus of around 200 mb and 141 mb, respective...
Minister of Petroleum and Mineral Resources' Meeting with The British Ambassador in Egypt
Minister of Petroleum and Mineral Resources' Meeting with The British Ambassador in Egypt Egypt >> 9/7/2016 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with the British Ambassador in Cairo, John Casson , where they discussed joint cooperation aspects in petroleum and natural gas dom...

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