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OGA Approves the Redevelopment of the Penguins Custer in the Northern North Sea
United Kingdom >> 1/16/2018 - Andy Samuel, Chief Executive of the Oil and Gas Authority has welcomed Shell’s announcement that it has made a final investment decision on the redevelopment of the Penguins oil and gas field in the U...
Russia's Gazprom Plans To Invest 182.4B Roubles In Turkstream In 2018
Russia >> 1/15/2018 - Russian gas giant Gazprom said it plans to invest 182.4 billion roubles ($3.2 billion) this year in the TurkStream pipeline project and another 114.5 billion roubles in Nord Stream 2. Moscow, dependen...
Aker BP Plans Investments of Approximately USD 1.3 billion in 2018
Aker BP Plans Investments of Approximately USD 1.3 billion in 2018 Norway >> 1/15/2018 - During 2017, Aker BP increased its reserves (2P) by a net of 202 million barrels of oil equivalents (mmboe), to a total of 913 mmboe. The company delivered significant growth, while simultaneously cha...
Iraq Ministry of Oil Agrees with Oren Company to invest in Bin-Omar Field
Iraq >> 1/8/2018 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil declared for an agreement with Oren American Company to invest the flare gas which is associated with the oil up-streaming from Bin-Omar oil field ...
Iraq Agrees with Orion to Invest in Gas Production from Nahr Bin Omar Field
Iraq >> 1/8/2018 - Iraq has reached an initial agreement with U.S. energy company Orion to invest in the production of gas from the Nahr Bin Omar southern oilfield, an oil ministry statement said. ...
Algeria's Sonatrach May Invest in Iraq Oil & Gas
Iraq >> 1/7/2018 - Algerian state energy company Sonatrach will study possible investments in oil exploration and natural gas projects in Iraq, the Iraqi oil ministry said in a statement on Sunday. ...
Gazprom Board of Directors Approves Gazprom Program and Budget for 2018
Russia >> 12/20/2017 - The Gazprom Board of Directors took note of the information about the Company's preliminary operating results for 2017 and the projected investment program and budget (financial plan) for 2019–2020. ...
A$22 million Heat Recovery Project will Free up Sales Gas, Reduce Moomba Energy Consumption
Australia >> 12/18/2017 - A$22 million heat recovery project will free up sales gas, reduce Moomba energy consumption and lower carbon emissions. Following a $6.8 million grant from South Australia’s PACE Gas program, Santos a...
NPC in Heated Talks with Shell
Iran >> 12/18/2017 - Iran's National Petrochemical Company (NPC) has entered a new round of talks with Royal Dutch Shell, an NPC official said. ...
Petrobras and ExxonMobil Form Strategic Alliance
Brazil >> 12/14/2017 - Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. ...
SNC-Lavalin and Aramco Sign MoU Supporting In-country Opportunities
Saudi Arabia >> 12/13/2017 - SNC-Lavalin and Saudi Aramco signed a Memorandum of Understanding (“MoU”) signalling SNC-Lavalin’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom o...
Qatar Petroleum to Invest in Iraq's Energy Sector
Iraq >> 12/13/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil met with Mr. Mohammed Al-Saada the Qatari minister of energy and Mr. Saad Shreida Al-Kaabi the CEO of Qatar Petroleum on the sidelines of the meeti...
Hanwha Total Petrochemical Invests to Expand Its Polymer Production
South Korea >> 12/11/2017 - Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest more than $300 Million to expand its integrated refining & petrochemicals platform located in Daesan, South Korea. The ...
TechnipFMC Opens New Facility to Support Middle East Market
United Arab Emirates >> 12/11/2017 - TechnipFMC officially opened its fully capable Surface International Facility in ICAD II as part of its continued investment in the UAE to reinforce TechnipFMC’s leading position in delivering local s...
Saudi Arabia's SABIC Looking at Investing in U.S.
United States >> 12/6/2017 - Petrochemicals company Saudi Basic Industries Corp 2010.SE is considering several possible investments in the United States, while state oil giant Saudi Aramco is looking at gas prospects abroad, Saud...
Chevron Announces $18.3 Billion Capital and Exploratory Budget for 2018
United States >> 12/6/2017 - Chevron Corporation announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. ...
ADX Secures US$2 Million Investment to Commence Romanian Appraisal Program
Romania >> 12/4/2017 - ADX Energy has signed an agreement with Reabold Resources to invest US$2 million in the recently incorporated Danube Petroleum, currently a wholly-owned ADX subsidiary, which (upon completion of trans...
Exxon Eyes Egypt's Offshore Oil and Gas
Exxon Eyes Egypt's Offshore Oil and Gas Egypt >> 12/4/2017 - Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. ...
Uzbekistan Apt to Fund Petchem Projects in Iran
Iran >> 12/2/2017 - A senior Iranian petrochemical official says Uzbekistan has signaled willingness to invest in Iran's petrochemical projects especially in methanol-to-olefin ones. Uzbekistan apt to Fund Petchem Proje...
DUC Partners Approve Largest ever Danish North Sea Investment
Denmark >> 12/1/2017 - Maersk Oil announces that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Dan...

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