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Gazprom Neft Signs MoU on Investments in Oil & Gas Technologies with Two Major Private Venture Funds
Russia >> 10/24/2017 - Gazprom Neft has signed a Memorandum of Understanding (MOU) with Phystech Ventures and North Energy Ventures, venture capital firms managing several funds and investing consistently in the development...
$27.3b to be Invested in Egypt’s Zohr, North Alexandria, Nooros Fields
Egypt >> 10/24/2017 - Investments worth $27.3 billion will be put towards three Egyptian natural gas fields -- Zohr, North Alexandria, and Nooros -- in 2018, Oil Minister Tarek El Molla said in press statements, according ...
Russia RDIF Hopes to Attract Saudi Investment into Eurasia Drilling
Russia >> 10/24/2017 - The Russian Direct Investment Fund (RDIF) said it hoped to attract Saudi Arabian investment into oilfield services firm Eurasia Drilling, building on the energy platform it formed with the Saudi sover...
Saudi Arabia Seeks New Economy with $500B Business Zone with Jordan, Egypt
Saudi Arabia >> 10/23/2017 - Saudi Arabia, seeking to free itself from dependence on oil exports, announced a $500 billion plan to build a business and industrial zone extending into Jordan and Egypt. ...
Iraq Oil Ministry Warns Oil Companies Against Kurdistan Contracts
Iraq >> 10/19/2017 - Iraq’s oil ministry on Thursday cautioned oil companies against signing contracts with Iraqi Kurdistan. On Wednesday Russian state-controlled oil company Rosneft signed an agreement to put production ...
Aramco IPO Still Set for 2018
Saudi Arabia >> 10/18/2017 - The Kingdom of Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of Aramco, in 2018, the Saudi Oil Minister Khalid Al Falih said Tuesday ...
Gazprom Approves Revised Investment Program, Budget, and Cost Reduction Program for 2017
Russia >> 10/18/2017 - The Gazprom Board of Directors approved the revised investment program, budget (financial plan) and cost optimization (reduction) program for 2017. The key figures of the investment program did not ch...
Rosneft Signs $400M Agreements for Five Blocks in Kurdistan
Rosneft Signs $400M Agreements for Five Blocks in Kurdistan Iraq >> 10/18/2017 - Rosneft and the Government of the Kurdish Autonomous Region of Iraq signed the documents required to put into force Production Sharing Agreements (PSA) with respect to five production blocks located i...
US Stock Movements - October 2017
US Stock Movements - October 2017 United States >> 10/18/2017 - Preliminary data for September shows that US total commercial oil stocks fell by 16 mb, for the fourth consecutive month to stand at 1,294.4 mb, which is 62 mb, or 4.6%, lower than the same period a y...
China Offers to Buy 5% of Saudi Aramco Directly
Saudi Arabia >> 10/17/2017 - China is offering to buy up to 5 per cent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s bigg...
Algeria Sees Energy Law Amendment by End of 2018
Algeria >> 10/16/2017 - Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities said on Monday, giving the first timeline for a much-anticipated mo...
Total is Interested to Invest in Nasiriya Integrated Oil Project
Iraq >> 10/15/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil met with Mr. Thierry Autin the general manager of Total French Company in Iraq. The two parties discussed about the ways to expand the work of the ...
Iran Eyes Enhanced Oil Production thru $5b Investment Package
Iran >> 10/15/2017 - Iran is preparing a $5 billion investment package for maintaining and enhancing production of the country"s oilfields, Iranian Minister of Petroleum Bijan Zangeneh said. Addressing an energy congress ...
Stock Movements - October 2017
Austria >> 10/11/2017 - OECD commercial oil stocks fell by 24.7 mb in August to stand at 2,996 mb, which is around 171 mb above the latest five-year average. Crude and products indicated surpluses of 146 mb and 25 mb above ...
ICOFC Projects Up for Grabs by Investors
Iran >> 10/9/2017 - The Iranian Central Oil Fields Company (ICOFC) has pitched a new investment package worth over $5.5b to potential investors. The package includes construction of new gas pressure stations at Kangan, H...
Cairn Oil and Gas to Invest $4.6 Bln in New Exploration
India >> 10/9/2017 - Cairn Oil and Gas, part of Vedanta Ltd, will invest 300 billion rupees ($4.6 billion) in exploration projects off India’s east coast and in the onshore fields of Barmer in the west, its acting CEO sai...
ADNOC Strengthens Energy Partnership with Japan
United Arab Emirates >> 10/8/2017 - The Abu Dhabi National Oil Company (ADNOC) has strengthened its long-standing energy partnership with Japan, through the signing of a tri-partite Memorandum of Cooperation with Japan’s Ministry of Eco...
NIOC Ready to Absorb Foreign Finances
Iran >> 10/8/2017 - National Iranian Oil Company (NIOC) says it is ready to absorb fresh investments in Iran"s oil projects, an NIOC official told a conference in Singapore. ...
Russian Ministry of Finance & Rosneft Agree on Estimated Effect of Investment Incentives
Russia >> 10/6/2017 - Russian Ministry of Finance and Rosneft report that they completed the work to confirm estimated effect of granting investment incentives for Rosneft's Samotlor field. ...
Saudi & Russian Companies to Create Synergy for Sustainable Energy Future
Saudi & Russian Companies to Create Synergy for Sustainable Energy Future Saudi Arabia >> 10/5/2017 - The rich endowment of resources of both the Kingdom of Saudi Arabia and the Russian Federation can enable companies from both countries to collaborate in creating synergies for a sustainable energy fu...

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