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Investment News

Gazprom Board of Directors Approves Investment Program, Budget, and Cost Reduction Program for 2017
Russia >> 12/19/2016 - The Gazprom Board of Directors took note of the information about the Company's preliminary operating results for 2016 and the projected Investment Program, budget (financial plan), and cost optimizat...
Galp Approves Investment Plan for Coral South in Mozambique
Mozambique >> 12/19/2016 - Galp informs that its Board of Directors has approved the investment related to the Coral South area, the first development related to the discoveries made in the Area 4 of Mozambique’s Rovuma basin. ...
SKF Invests SEK 225 Million in Modernising Distribution Centres
India >> 12/15/2016 - SKF is investing SEK 225 million in upgrading its distribution centres across Europe and India. The investments will improve customer lead-times and service levels, whilst contributing to reduced stoc...
Thai IRPC to Invest $280 Mln to Expand Petchem Output Capacity in 2017
Thailand >> 12/15/2016 - Thailand's integrated oil refiner IRPC Pcl plans to invest 10 billion baht ($280 million) next year with an aim to expand the production capacity of a petrochemical product and boost its long-term ear...
Egyptian – French Talks in the Oil & Gas Domain
Egyptian – French Talks in the Oil & Gas Domain Egypt >> 12/14/2016 - Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, received Maria Moraeus, ENGIE E&P Chief Executive Officer, where the two sides discussed bolstering relations and the available invest...
Stock Movements - December 2016
Austria >> 12/14/2016 - OECD commercial oil stocks fell in October to stand at 3,027 mb, around 302 mb above the latest five-year average. Crude and products both indicated a surplus, around 184 mb and 118 mb above the sea...
Maersk Oil Cuts Culzean Development Costs by US$500 Million
United Kingdom >> 12/13/2016 - Maersk Oil CEO announced that the capital costs of its marquee Culzean HPHT gas project have been reduced by USD 500m as a result of higher drilling efficiency and robust upfront design and project pl...
APICORP Invests in Bahrain’s Falcon Cement Company
Bahrain >> 12/12/2016 - The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), acq...
ADB Supports $1 Billion inancing to Expand Azerbaijan Gas Field
Azerbaijan >> 12/8/2016 - The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields. ...
Chevron Announces $19.8 Billion Capital and Exploratory Budget for 2017
United States >> 12/7/2016 - Chevron Corporation (CVX) announced a $19.8 billion capital and exploratory investment program for 2017. Included in the 2017 program are $4.7 billion of planned affiliate expenditures. ...
Gazprom In Talks With Japanese Banks About Raising $850M
Russia >> 12/2/2016 - Russian gas giant Gazprom is working on a deal under which Japanese banks would provide it with financing worth 800 million euros ($851.28 million), two sources familiar with the discussions told Reut...
Petroleum Conference - Iran in Charge of Iran’s Private Sector International Relationship
Petroleum Conference - Iran in Charge of Iran’s Private Sector International Relationship Iran >> 11/29/2016 - In May 2016, for the first time in the history of Iran’s Petroleum industry, associations and unions, with more than 1500 member companies with about $40 billion in revenue, assembled as ¬¬the ‘United...
King Salman Inaugurates Mega Projects in Jubail
Saudi Arabia >> 11/29/2016 - The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud inaugurated the Sadara Chemical Company (Sadara) and the Saudi Aramco Total Refining and Petrochemical Co. (SATORP). The two pro...
Iran Says Ground Ready for Foreign Investment
Iran >> 11/24/2016 - Managing Director of Industrial Projects Management of Iran (IPMI) Morteza Emami said ground is ready for foreign investment in Iran’s oil and gas sector. ...
Investment in Khouzestan Prov. to Be Supported
Iran >> 11/23/2016 - Governor General of Khouzestan Province Gholam-Reza Shariati has invited Iranian and foreign investors to invest in southwestern Khouzestan Province and said they will be supported. ...
China to Invest $268M in Chongqing Shale Gas Project
China >> 11/23/2016 - China will invest 1.85 billion yuan (about $268 million) to develop a shale gas project in Chongqing with an annual production capacity of 2 billion cubic meters (bcm) in three to five years, accordin...
Mozambique's ENH Approves Investment Plan for Coral South Project
Mozambique >> 11/23/2016 - Mozambique's National Hydrocarbons Company (ENH) had approved its investment plan for the Coral South offshore gas project being led by Italian energy company Eni. Eni's board backed its investment pl...
Ecopetrol Announces Investment Plan 2017
Colombia >> 11/22/2016 - This plan meets the objectives outlined in the Business Plan 2020, directing more than 80% of profitable investments in exploration and production projects. ...
Germany’s Linde Mulls Investment at Iran Petchem Complex
Iran >> 11/22/2016 - Experts of the Linde Group, the world's largest industrial gas company, visited Iran’s Bandar Imam Petrochemical Complex, indicating the group’s keenness to join petrochemical projects of the complex....
BIPC & Linde Discuss Opportunities of Investment
Iran >> 11/20/2016 - Officials of Iran's Bandar Imam Petrochemical Company (BIPC) and German Linde Company have discussed opportunities of investment in the BIPC. ...

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