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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 ...
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. ...
MHI Completes Investment into France's Framatome
Japan >> 1/5/2018 - Mitsubishi Heavy Industries, Ltd. (MHI) has completed investment into Framatome, a French company that designs and manufactures nuclear power plant (NPP) equipment and systems and renamed from New NP....
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. ...
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...
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...
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...
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 ...
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. ...
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...
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. ...
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...
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...
Lukoil Takes Final Investment Decision on Delayed Coker at Nizhny Novgorod Refinery
United Kingdom >> 11/30/2017 - PJSC LUKOIL announces that the final investment decision on the delayed coker complex at Nizhny Novgorod refinery was taken. The complex includes the construction of the delayed coker unit itself, the...
Wood and Saudi Aramco Sign MoU Supporting In-country Opportunities
Saudi Arabia >> 11/29/2017 - Wood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi...
Alexey Miller Briefs Vladimir Putin on Gazprom’s Preliminary Results for 2017
Russia >> 11/28/2017 - A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on...

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