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SDX Energy Signs Three Year $10M Credit Facility for Morocco
Morocco >> 7/18/2018 - SDX Energy Inc. (SDX) is pleased to announce that, through its subsidiary SDX Energy Morocco (Jersey) Limited, it intends to sign later a Facility Agreement with the European Bank for Reconstruction a...
U.S. Warns of Sanctions Risk for Firms Invested in Russian Pipeline
Russia >> 7/11/2018 - Washington repeated a warning on Wednesday to Western firms invested in Russia’s Nord Stream 2 pipeline to Germany that they were at risk of sanctions, and said Moscow was using the project to divide ...
ADNOC Aims to Deepen Investment and Partnership with China
United Arab Emirates >> 7/9/2018 - His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) Group CEO, held a series of meetings with Chinese oil, gas, refining and petrochemical indust...
UK Oil & Gas Investments Completes £5 Million Institutional Placing
United Kingdom >> 7/2/2018 - AIM-listed UK Oil & Gas Investments (UKOG) has announced that it has raised gross proceeds of £5 million via a placing including two institutional investors. ...
GE Focuses Portfolio for Growth & Shareholder Value Creation
United States >> 6/26/2018 - GE announced the results of its strategic review. GE will focus on Aviation, Power and Renewable Energy, creating a simpler, stronger, leading high-tech Industrial company. In addition to the pending ...
New Investment Models Needed to Boost MENA Oil, Gas Competitiveness
United Arab Emirates >> 6/23/2018 - New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna last J...
Eni Says to Make $3B New Investment in Egypt's Zohr & Nooros Fields
Eni Says to Make $3B New Investment in Egypt's Zohr & Nooros Fields Egypt >> 6/21/2018 - Italian energy company Eni has so far invested $8.4 billion in Egypt's offshore Nooros and Zohr gas fields and is planning to make a $3 billion new investment in the near future, CEO Claudio Descalzi ...
Lamprell Provides Update on Saudi Strategy
Saudi Arabia >> 6/18/2018 - Lamprell announces an update on its strategy in Saudia Arabia and the development of its local presence in the Kingdom. Lamprell's investment into Saudi Arabia is core to the Group's growth strategy w...
World Bank Approves $125M Financing for Morocco Solar Power Complex
World Bank Approves $125M Financing for Morocco Solar Power Complex Morocco >> 6/11/2018 - The World Bank announced US$125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of developing the country’s world-class solar and wind...
Algeria Hires U.S Law Firm to Help With New Energy Law
Algeria >> 6/4/2018 - Algeria has hired U.S. law firm Curtis, Mallet-Prevost, Colt & Mosle LLP and other consultancies to help with a new energy law aimed at attracting much-needed investment, the CEO of state energy firm ...
Major Investment in Global Subsea Campus Announced
Scotland >> 5/30/2018 - First Minister Nicola Sturgeon announced £4.9 million in funding as part of a £31 million investment being made by Baker Hughes, a GE company (BHGE), in its manufacturing footprint in the North East o...
Total Launches Zinia 2 Development in Deep Offshore Block 17
Angola >> 5/28/2018 - Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production ...
EBRD Finances Upgrade of Egypt’s Suez Refinery
EBRD Finances Upgrade of Egypt’s Suez Refinery Egypt >> 5/23/2018 - Supporting the modernisation of Egypt’s oil industry, the EBRD is providing a US$200 million for major investments in energy efficiency and refurbishment of the oil refinery owned by Suez Oil Processi...
Swala Extends The 2nd &3rd Closing Dates of Orca Investment
Tanzania >> 5/14/2018 - Swala Oil & Gas (Tanzania) plc announced that Orca Exploration Group Inc. (“Orca”) has agreed to an additional extension to the date by which the second closing and third closing of the previously ann...
ADNOC Announces AED 165B Investment Plan to Become Leading Downstream Player
ADNOC Announces AED 165B Investment Plan to Become Leading Downstream Player United Arab Emirates >> 5/13/2018 - The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest AED 165 billion (US $45 billion) alongside partners, over the next five years, to become a leading global downstream player, enablin...
Gas Supplier VNG's Norwegian Energy Unit Attracts Buyout
Norway >> 4/27/2018 - German gas supplier VNG is attracting interest from private equity-backed energy firms including Chrysaor and Point Resources for its Norwegian Norge oil and gas business, which could fetch up to $500...
Aker Solutions Upgrades Aberdeen Site
United Kingdom >> 4/26/2018 - Aker Solutions officially opens its upgraded Aberdeen services facility to help capture subsea sector growth in the UK and elsewhere. ...
Egypt & European Union Signed a Strategic Cooperation in Energy
Egypt & European Union Signed a Strategic Cooperation in Energy Egypt >> 4/23/2018 - In the context of Climate Action and Energy Commissioner Miguel Arias Canete’s visit to Egypt, the first ever EU-Egypt Sustainable Energy Forum took place in Cairo. The Forum counted with the presence...
Egypt Aims for $10 bln Foreign Investment in Oil, Gas in 2018/19
Egypt Aims for $10 bln Foreign Investment in Oil, Gas in 2018/19 Egypt >> 4/22/2018 - Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said. ...
Gazprom Neft Reviews Investment Programme Performance in 2017
Russia >> 4/20/2018 - The Gazprom Neft Board of Directors has reviewed information on the company’s budgetary and investment programme performance in 2017. ...

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