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Investment News

Letter of Intent for $2 million Investment
Tunisia >> 3/31/2020 - Zenith Energy Ltd., has signed a non-binding Letter of Intent ("LOI") with an Arab consortium of strategic institutional investors focused on African development opportunities, to provide an investmen...
Siccar Point Announces Cambo FID Deferral to 2021
United Kingdom >> 3/30/2020 - Operator Siccar Point Energy E&P Ltd, and its joint venture partner, Shell UK, have announced the deferral of the planned sanction date for the Cambo project to 2021 in light of the unprecedented worl...
Aker BP Updates Its Investment Program
Norway >> 3/23/2020 - Aker BP is updating its investment program and financial framework in order to secure additional financial optionality in response to the high uncertainty caused by the COVID-19 crisis. ...
Update on Market Volatility
United Kingdom >> 3/13/2020 - Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, notes the following with respect to current volatile market conditions relating to COVID...
Murphy Oil Announces 35% Capital Expenditure Reduction for 2020
United States >> 3/12/2020 - Murphy Oil Corporation has revised its capital spending plans for 2020 given current market conditions and recent commodity price volatility. ...
President Energy Provides Market Update
Argentina >> 3/12/2020 - President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina, provides an update to the market on certain relevant matters pertinen...
ExxonMobil Outlines Progress on Long Term Growth Strategy
United States >> 3/5/2020 - ExxonMobil continues to make progress on the company’s long-term growth plans by investing through the commodity price cycle to capture high-value opportunities and grow earnings and cash flow potenti...
Santos & BP Enter Agreement on Moomba Carbon Capture & Storage Project
Australia >> 3/4/2020 - Santos is pleased to announce it has entered a non-binding agreement with BP that could lead to BP investing A$20 million in support of Santos’ Moomba carbon capture and storage (CCS) project in South...
Go-ahead for Van Gogh Infill Phase 2
Australia >> 3/2/2020 - Santos announced a Final Investment Decision had been made on the Van Gogh Infill Development Phase Two Project, which will maximise field production, access additional reserves and lower unit product...
Institutional Investment in Zenith
United Kingdom >> 2/14/2020 - Zenith Energy Ltd., the international oil & gas production company, is pleased to announce that it has completed an offering in the United Kingdom with a significant existing institutional shareholder...
Egypt's Sisi Discusses Cooperation with Bechtel and BP
Egypt's Sisi Discusses Cooperation with Bechtel and BP Egypt >> 2/11/2020 - President Abdel-Fattah El-Sisi met with the CEO of Bechtel Corporation, Brendan Bechtel, in Cairo, and discussed ways to boost cooperation with the US firm. ...
Total to Invest $510M for 50% Stake in 2148 MWac Solar Power Projects Held By AGEL
India >> 2/6/2020 - Adani Green Energy Limited (AGEL) and Total Gas & Power Business Services SAS (TOTAL) have entered into a binding arrangement for investment of approximately USD 510 Million for acquisition of 50% sta...
Hess Announces 2020 E&P Capital and Exploratory Budget
United States >> 1/28/2020 - Hess announced a 2020 Exploration & Production capital and exploratory budget of $3.0 billion, of which more than 80% will be allocated to high return investments in Guyana and the Bakken. ...
ADM Energy to Increase its Investment Portfolio cross Nigeria & West Africa
Nigeria >> 1/23/2020 - ADM Energy PLC, an oil and gas investing company quoted on AIM, provides a strategy update for 2020 and beyond. ...
Sangomar Field Development FID & $300M Underwritten Senior Facility
Senegal >> 1/20/2020 - FAR Limited has taken the Final Investment Decision (“FID”) and received final credit approvals for an underwritten US$300 million senior secured reserve-based lending (“RBL”) facility for the Sangoma...
Cairn Takes FID on Sangomar Field Development in Senegal
Senegal >> 1/15/2020 - Cairn, along with its joint venture partners, Woodside and FAR, has signed a joint Final Investment Decision (FID) statement, in agreement with Petrosen and the Government of Senegal, at an official c...
EBRD Becomes Shareholder in Egypt’s Infinity Energy
EBRD Becomes Shareholder in Egypt’s Infinity Energy Egypt >> 1/15/2020 - The EBRD is investing US$ 60 million to become a shareholder in Infinity Energy S.A.E., one of Egypt’s leading private energy companies through the issuance of new shares. ...
Suspension of Trading on AIM
United States >> 1/13/2020 - Lekoil's advisers were approached yesterday by representatives of the Qatari Investment Authority (the "QIA") questioning the validity of the loan agreement announced on 2 January 2020 (the "Facility ...
Invictus Receives Priority Project Status from Zimbabwe Government
Zimbabwe >> 1/13/2020 - Invictus Energy Limited, is pleased to announce that the Company’s Cabora Bassa project at Muzarabani held through the Company’s 80% interest in Geo Associates (Private) Limited has been classified a...
Further Update in Relation to Facility Agreement & Restoration of Trading
Nigeria >> 1/13/2020 - Following the Company's announcement earlier today, the Company is now in a position to advise that, based on all information currently available to Lekoil, the loan agreement announced on 2 January 2...

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