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Egypt's Petroleum Ministry & Baker Hughes Sign Cooperation Agreement
Egypt's Petroleum Ministry & Baker Hughes Sign Cooperation Agreement Egypt >> 2/13/2018 - The Egyptian Petroleum Ministry signed an agreement with Baker Hughes, a GE company, to establish an online portal to promote Egypt's oil and gas exploration zones in a bid to attract foreign investme...
President Sisi Inaugurates Second Edition of Egypt Petroleum Show
President Sisi Inaugurates Second Edition of Egypt Petroleum Show Egypt >> 2/12/2018 - President Abdel-Fattah El-Sisi inaugurated the second edition of the Egypt Petroleum Show (EGYPS), which brings together oil and gas industry executives and policy makers to showcase investment opport...
Energy Group DEA to Invest $500M in Egypt Oilfields
Energy Group DEA to Invest $500M in Egypt Oilfields Egypt >> 2/11/2018 - Energy group DEA plans to invest nearly $500 million in developing its oilfields in Egypt over the next three years, its chief executive office said. ...
Algeria's Sonatrach to Invest $56 bln from 2018 to 2022
Algeria >> 2/8/2018 - Algerian state energy firm Sonatrach will invest $56 billion from 2018 to 2022, its chief executive said. “We will give more details very soon,” Abdelmoumen Ould Kaddour told reporters during a visit ...
Adnoc to Invest $3.1B for Ruwais Refinery Upgrade
Adnoc to Invest $3.1B for Ruwais Refinery Upgrade United Arab Emirates >> 2/7/2018 - A US $3.1 billion project to introduce crude processing flexibility, at the Abu Dhabi National Oil Company (ADNOC) owned Ruwais oil refinery, was announced. ...
Egypt & Kuwait Talk for Investment Opportunities
Egypt & Kuwait Talk for Investment Opportunities Egypt >> 2/5/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources recieved Dr. Abby Badawi, CEO of Kuwait Energy Company and Eng. Manssour Aboukhamseen, Executive chairman of the company, as well as En...
NIGC Marks Revolution Anniversary with $3b Gas Projects
Iran >> 2/5/2018 - Managing director of National Iranian Gas Company (NIGC) Hamid-Reza Araghi said his company has planned to break grounds or launch gas projects with a total investment of IRR 120 billion (roughly $3b)...
$500mn Envisaged in Dey, Sefid Zakhour
Iran >> 2/4/2018 - The Dey and Sefid Zakhour fields in Iran are among newly discovered gas reservoirs. The close distance between the two fields has led officials to consider their development together. The duo currentl...
Sumar Field Up for Investment
Iran >> 2/2/2018 - Sumar oil field, which was discovered in 2009 in the western province of Kermanshah, is jointly owned by Iran and Iraq. Sumar holds 475 million barrels of crude oil in place, 70 million barrels of whi...
Severstal Announces 2018 Capital Investment Programme
Russia >> 2/1/2018 - PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2018. ...
ADNOC to Expand Partnerships with Chinese Energy, Technology and Chemical Companies
United Arab Emirates >> 1/31/2018 - His Excellency Dr Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, has held a series of meetings with government and corporate leaders in Beijing, focused on strengthening the strategic rel...
Iraq Attracts Global Investments to Develop its Oil Industry
Iraq >> 1/30/2018 - The minister of oil confirmed on the Iraqi keenness to invest its oil & gas wealth perfectly to support the national economy. ...
BWE and Blackstone to Invest up to $1 billion in Mime Petroleum
Norway >> 1/25/2018 - Mime Petroleum AS (together with its subsidiaries referred to as “Mime Petroleum” or “the Company”), a new independent development and production company established earlier this year by Blue Water En...
Iran to Host Intl Oil Showcase in Kish Island
Iran >> 1/22/2018 - Iran is planning to hold the 14th International Oil and Energy Exhibition in Kish Island from January 22 through 25. The showcase will put on display the latest investment opportunities in Iran"s oil ...
Tulip Oil Makes FID for the Q10 Offshore Gas Development
Netherlands Antilles >> 1/18/2018 - Tulip Oil Netherlands Offshore B.V. is pleased to announce the Final Investment Decision related to the development of the Q10 gas field. Tulip Oil will now proceed with developing the field which is ...
GCC Needs US $131 Billion In Power Investment Over Next Five Years
United Arab Emirates >> 1/17/2018 - A new report from Middle East Electricity (MEE), the region’s leading annual international trade event for the power industry, states the GCC requires a combined US $131 billion worth of investment in...
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...
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...
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...
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. ...

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