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Eni Approves Investment Plan for Coral South Project in Mozambique
Mozambique >> 11/18/2016 - Eni's Board of Directors has authorized the investment for the first phase of the development of the Coral discovery (Coral South project), located in the deep waters of the Rovuma Basin (Area 4), off...
Nigeria Needs Billions in New Investment to Raise Oil Output
Nigeria >> 11/17/2016 - Nigeria needs at least $14 billion a year in new investment over the next five years to raise oil output to 2.2 million barrels a day (bpd) and even higher spending to lift it to 3 million bpd, the he...
MX Oil Updates Nigerian Investment in OML 113
Nigeria >> 11/17/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to provide the following update on its Nigerian investment. On 19 October 2016, the Company announced that PR Oil and Gas Limited, the ...
Final Investment Decision on Tanzania LNG Plant Still 5 Yrs Away
Tanzania >> 11/16/2016 - The final investment decision on a Tanzania's $30 billion onshore liquefied natural gas (LNG) export terminal will not be made for at least five years and possibly much longer, said Oystein Michelsen,...
Slovnaft to Invest $500 Million by 2020 to Upgrade Petrochemical Unit
Slovak Republic >> 11/15/2016 - Slovakia's biggest oil refinery Slovnaft, owned by Hungary's MOL, will invest $500 million by 2020 to upgrade its petrochemical unit to diversify away from fuels, where demand is expected to decline, ...
NPC in Talks with 2 German Firms to Open 12b Euro Credit Line
Iran >> 11/14/2016 - Director of the Investment Department at National Iranian Petrochemical Company (NPC) Hossein Alimorad says his company is busy in talks with two German companies to open credit lines of 12 billion eu...
BP to Invest $13b in Egypt before 2020
BP to Invest $13b in Egypt before 2020 Egypt >> 11/14/2016 - British oil company BP Global has plans to invest some $13 billion in Egypt before 2020, the UK embassy in Cairo said in a statement. ...
Stock Movements - November 2016
Austria >> 11/11/2016 - OECD commercial oil stocks fell in September to stand at 3,052 mb, which is around 304 mb above the latest five-year average. Crude and products saw surpluses of around 165 mb and 138 mb, respectively...
Gazprom & Japan Bank for International Cooperation Discuss Further Cooperation
Russia >> 11/10/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, CEO and Executive Managing Director of Japan Bank for International Cooperation (JBIC), took p...
Iran Eying for More Foreign Oil Contracts after Total Deal
Iran >> 11/9/2016 - Iran is hoping to secure more overseas investment after a consortium led by France’s Total signed a $4.8bn deal to develop part of the giant South Pars gasfield, Irans deputy oil minister for internat...
NIOC Invites Businessmen to Invest in 40 Oil, Gas Projects
Iran >> 11/8/2016 - Iranian and foreign investors can invest in more than 40 projects for development of oil and gas fields, read a message, penned by Managing Director of National Iranian Oil Company (NIOC) Ali Kardor o...
Yokogawa Makes Strategic Equity Investment in Bayshore Networks
Japan >> 11/4/2016 - Yokogawa Electric Corporation announces that it has invested in Bayshore Networks Inc., a U.S. technology innovator that is developing cybersecurity software for the Industrial IoT (IIoT). With this i...
Aramco Invests $100M in Low-emission Technology
Saudi Arabia >> 11/4/2016 - The Oil and Gas Climate Initiative (OGCI) has announced a $1 billion investment over the next ten years, with each of its ten member companies, including Saudi Aramco, pledging investments of $100m to...
SKF Invests SEK 150m in Schweinfurt Production Channels
Germany >> 11/3/2016 - SKF is investing SEK 150 million in modernizing its cylindrical roller bearing (CRB) manufacturing in Schweinfurt, Germany. This is the third significant manufacturing investment announced by SKF in t...
$25b Investment in 25 Petchem Projects in 6th Plan
Iran >> 11/3/2016 - Director of the Planning and Development Department at National Iranian Petrochemical Company (NPC) Farnaz Alawi says $25 billion investment will be made in 25 new petrochemical projects in the Sixth ...
GE Oil & Gas Expands its Services Facility in Egypt
GE Oil & Gas Expands its Services Facility in Egypt Egypt >> 11/3/2016 - Following a meeting with Mr. Mohamed Khodair, Chairman of the General Authority for Investment and Free Zones (GAFI), GE Oil & Gas has announced the expansion of its services facility in Egypt with an...
Pemex Presents Its Business Plan 2016-2021
Mexico >> 11/3/2016 - Petroleos Mexicanos introduced its Business Plan 2016-2021. This Plan sets out the actions that will allow the productive state enterprise achieve primary surplus next year and achieve financial balan...
Mozambique Expects Eni Decision on LNG Investment this Year
Mozambique >> 11/2/2016 - Italy's Eni should make a final investment decision on its first offshore deep-water Liquefied Natural Gas project in Mozambique by the end of this year, Energy Minister Lleticia da Silva Klemens said...
South Korean Firms to Participate in $27 bn Worth of Omani Projects
Oman >> 11/1/2016 - South Korean companies are participating in a slew of Omani energy and infrastructure projects worth approximately $27.1 billion, Yonhap News Agency said quoting the country’s Trade Ministry. ...
Iran Welcomes Intl. Companies Contribution to Oil Projects
Iran >> 11/1/2016 - Vice-President of the Parliament Energy Committee Ali Adyani says Iran welcomes contribution of international companies into Iranian oil projects. ...

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