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Oranto Launches $500m Oil Exploration Campaign in South Sudan
South Sudan >> 3/6/2017 - Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately. The Ministry of Petroleum and Oranto Petroleum Company...
Gazprom Successfully Holds Investor Day in Singapore & Hong Kong
Russia >> 3/2/2017 - Gazprom held the twelfth annual Investor Day in Singapore (February 28) and Hong Kong (March 2). Taking part in the events were Andrey Kruglov and Alexander Medvedev, Deputy Chairmen of the Gazprom Ma...
Gazprom Pursuing Major Investment Projects
Russia >> 3/1/2017 - The Gazprom Board of Directors commended the Company for the progress made on its major investment projects. It was noted that Gazprom’s projects were strategically important for Russia’s energy secur...
Talks with South Korean Ambassador in Petrochemicals and Refining Domains
Talks with South Korean Ambassador in Petrochemicals and Refining Domains Egypt >> 3/1/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources held bilateral discussions with Mr. Yoon Soon-Gu, South Korean Ambassador to Egypt. The Minister declared that the Korean companies hav...
IGas Provides Update on Discussions with Strategic Investor
United Kingdom >> 3/1/2017 - On 29 December 2016, IGas announced that it was in well progressed discussions with a strategic investor in respect of its capital restructuring options. IGas announces that those discussions relate t...
SEFA Commits Close to US $1 Million to Energy Access in Gambia
Gambia >> 2/27/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $995,000-grant to the Republic of The Gambia to implement a programme to facilitate private investme...
Minister of Petroleum in Discussions with CEO of ENAP Sipetrol
Minister of Petroleum in Discussions with CEO of ENAP Sipetrol Egypt >> 2/27/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met Mr. Marcelo Tokman, CEO of Chilean national ENAP Sipetrol Co. in the presence of the Chilean consul in Egypt, Eng. Sayed Rizk, the ...
New Gas Industry Technology Association Joins INTERGAZCERT Voluntary Certification System
Russia >> 2/27/2017 - Alexey Miller, Chairman of the Gazprom Management Committee, and Ruslan Goryukhin, Chief Executive Officer of the New Gas Industry Technology Association of Equipment Manufacturers, signed at the Russ...
Saab Seaeye Investing in Engineers
United Kingdom >> 2/24/2017 - Investment in new technologies sees Saab Seaeye, the world's largest manufacturer of electric underwater robotic systems, launch a recruitment drive to find software and electrical engineers at all le...
Brazil to Lower Oil Industry Local Content Rules by Half
Brazil >> 2/22/2017 - Brazil's government said it would relax local content rules for the oil industry as of September in an effort to attract foreign investment and lower costs that have hindered development of vast offsh...
Senex Sanctions $50m Investment in Western Surat Gas Project
Australia >> 2/21/2017 - Senex Energy Limited (Senex) has sanctioned its first major investment in the Western Surat Gas Project, committing $50 million to a 30 well drilling campaign, with gas production of around 10 TJ/day ...
Senex Energy Sanctions $50 million Investment in the Western Surat Gas Project
Australia >> 2/21/2017 - Senex Energy has sanctioned its first major investment in the Western Surat Gas Project, committing $50 million to a 30 well drilling campaign, with gas production of around 10 TJ/day (~0.6 mmboe p.a....
Middle East to Invest $294b in Oil and Gas Projects
Oman >> 2/19/2017 - Oil producers across the Middle East and North Africa (Mena) region have been continuing to spend heavily on oil, gas and petrochemicals’ production capacity despite the fall in oil prices since 2014....
Geothermal Funding to Support Development in Eastern Indonesia
Indonesia >> 2/15/2017 - The World Bank last week approved $55.25 million in funding to support the Geothermal Energy Upstream Development Project in Indonesia, which aims to facilitate investment in geothermal power generati...
Kerogen Capital Invests in Energean Israel
Israel >> 2/15/2017 - Energean Oil & Gas is pleased to announce that Kerogen Capital has committed to invest an initial US$50 million in Energean Israel, a subsidiary of Energean, ahead of the planned $1.3 billion developm...
SOCAR & IBM Sign Memorandum on Strategic Cooperation
Russia >> 2/15/2017 - A Memorandum on Strategic Cooperation was signed with US IBM at the headquarters of SOCAR. The memorandum was signed by SOCAR President Rovnag Abdullayev and Senior Vice President of IBM and the chair...
NOC Libya to Showcase Investment Opportunities at NAPEC2017
Libya >> 2/15/2017 - Libya's National Oil Corporation (Libya NOC) is working on restoring its oil and gas production capacity to the same level prior to the Arab Spring, and plans to discuss partnerships with oil service ...
Oil Companies Bullish on Egypt, Eyeing More Investment, Discoveries
Oil Companies Bullish on Egypt, Eyeing More Investment, Discoveries Egypt >> 2/14/2017 - Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that ENI's giant Zohr gas discovery has put its Mediterranean waters on th...
Stock Movements - February 2017
Austria >> 2/13/2017 - OECD commercial oil stocks fell in December to stand at 2,999 mb. At this level, OECD commercial oil stocks are around 299 mb above the latest five-year average. Crude and products indicate a surplus...
EU plus Norway Stock Movements - January 2017
EU plus Norway Stock Movements - January 2017 Norway >> 2/13/2017 - Preliminary data for November shows total European stocks fell by 12.8 mb to stand at 1,125.8 mb, which is 12.2 mb, or 1.1%, below the same time a year ago and 46.7 mb, or 4.3%, higher than the latest...

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