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India's ONGC Plans $5b Investment to Develop Eastern Gas Asset
India >> 3/12/2016 - India's Oil and Natural Gas Corporation said it will unveil an investment of around $5 billion by the end of March to develop a major gas asset in the east, with a view to tapping higher gas prices. ...
Agreement in Principle on Japan-Kenya Investment Agreement
Kenya >> 3/11/2016 - Japan and the Republic of Kenya reached an agreement in principle on the Japan-Kenya Investment Agreement after five rounds of negotiations. Japanese Prime Minister Shinzo Abe and Hon. William Arap Ru...
Algeria Not 'in Bankruptcy,' Despite Drop in Oil Prices
Algeria >> 3/10/2016 - Prime Minister Abdelmalek Sellal said that Algeria is not "in bankruptcy, adding that the country has "important assets" allowing it to face the fall in oil prices in world markets. ...
Brazil Oil Measures Could Unlock $120b in Investments
Brazil >> 3/9/2016 - Measures to encourage oil and gas exploration in Brazil published in the official gazette could unlock $120 billion in investments, Energy Minister Eduardo Braga said in a statement. ...
EGAS Makes First LNG Payments for Year
EGAS Makes First LNG Payments for Year Egypt >> 3/7/2016 - Egypt's state-owned EGAS has made its first payments to liquefied natural gas (LNG) suppliers since payment terms for deliveries were extended, trade sources said. ...
Petronas Chemicals to Spend $4 Billion Over 5 Years
Singapore >> 3/2/2016 - Petronas Chemicals Bhd., a unit of Malaysia’s state energy company, will spend $4 billion over the next five years to mostly invest in a refinery and petrochemicals complex spearheaded by its parent i...
Oryx Petroleum and Zeg Oil & Gas Announce Strategic Investment
Iraq >> 3/1/2016 - Oryx Petroleum Corporation Limited and Zeg Oil and Gas Ltd have entered into a definitive agreement whereby Zeg Oil has subscribed for and been issued 75.7 million common shares of the Corporation for...
Iran's Oil Sector Needs $40b Annually by 2021
Iran >> 2/25/2016 - Iranian Oil Minister Bijan Namdar Zanganeh said that oil industry requires an annual amount of $40 billion investment by 2021 which marks the end of the sixth five-year national development plan. ...
RimRock Oil & Gas Invests up to $500m by Warburg Pincus
United States >> 2/24/2016 - RimRock Oil & Gas (RimRock), a start-up oil and gas exploration and production company, announced that Warburg Pincus, a global private equity firm focused on growth investing, has agreed to a line-of...
India's ONGC $500m San Cristobal Investment Deal Imminent
Venezuela >> 2/24/2016 - Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company's presid...
Brazil's Senate Passes Bill to Relax Petrobras Hold on Subsalt
Brazil >> 2/24/2016 - Brazil's Senate approved a bill that ends a requirement that state-run oil company Petroleo Brasileiro SA operate all new developments in an offshore region known as the Subsalt Polygon and provide at...
Mexico's PEMEX Chief Says Debt Level is Not Sustainable
Mexico >> 2/23/2016 - Mexico's state-run oil company PEMEX is working on solutions to reduce debts owed to service providers and is also open to cutting its workforce if necessary to adjust to a lower price environment, th...
Iran to Sign $10-15b New Petroleum Contracts
Iran >> 2/23/2016 - Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi foresees that Iran will be able to sign 10 to 15 billion dollars of the new petroleum contacts by next year. ...
Sky-Futures Raises Additional $5.7 Million in Investments
United Kingdom >> 2/19/2016 - Sky-Futures, the leading provider of drone inspection services for the oil and gas industry, today reported that it has a $4.2 million investment by Bristow Group, and an additional $1.5 million inves...
Seven Energy Secures $100m of Additional Equity Capital
Nigeria >> 2/17/2016 - Seven Energy International Limited (Seven Energy), the leading integrated gas company in south east Nigeria, with oil and gas interests in the region, has secured US$100 million of new equity capital....
Iran Needs Multi-Billion Dollar Offshore Oil Investment
Iran >> 2/16/2016 - First Vice President Eshaq Jahangiri said that Iran needs hundreds of billions of dollars in investment to develop its offshore oil and gas reservoirs which include joint fields with neighboring count...
Statoil Launches USD 200m New Energy Investment Fund
Norway >> 2/16/2016 - Statoil launches a new venture capital fund dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. ...
Eni Invested $4 Bln on First Phase of Zohr Gas Field
Eni Invested $4 Bln on First Phase of Zohr Gas Field Egypt >> 2/15/2016 - Eni has invested $4 billion in the development of the first phase of Egypt's giant offshore Mediterranean gas field, Zohr, including the drilling of four wells, an Egyptian official said. ...
Shell Expects its Brazil Output to Quadruple by 2020
Brazil >> 2/15/2016 - Royal Dutch Shell , Europe's largest oil company, expects to make robust investments in Brazil's offshore resources, hoping to quadruple oil and gas output there by the end of the decade, its chief ex...
Algeria to Seek Consensus on Oil Price
Algeria >> 2/15/2016 - Algeria is in talks with oil producers within and outside Organization of Petroleum Exporting Countries (OPEC), to reach an agreement that would stabilize the oil market and raise prices, the Algerian...

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