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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...
$4bn Investment by BASF in Iran Petchem Sector
Iran >> 2/13/2016 - Germany's giant chemical company BASF is planning to invest 4 billion dollars in Iran's petrochemical industry, a senior petrochemical official said. ...
Stock Movements - February 2016
Austria >> 2/11/2016 - OECD commercial oil stocks fell in December to stand at 2,974 mb, which is around 310 mb higher than the latest five-year average. Crude and products indicated surpluses of around 249 mb and 61 mb, ...
India Seeks UAE Investment in Energy Sector
India >> 2/10/2016 - India has invited investments from the United Arab Emirates in a slew of oil projects as part of Prime Minister Narendra Modi's drive to attract greater foreign participation in upgrading and expandin...
China's Kaidi to Build $1.1 Bln Biodiesel Plant in Finland
Finland >> 2/10/2016 - China's Sunshine Kaidi New Energy Group said it is planning to invest about 1 billion euros ($1.13 billion) in a new wood-based biodiesel plant in Finland, offering a potential boost to the recession-...
Investment Flows into Commodities Markets
Investment Flows into Commodities Markets Austria >> 2/7/2016 - Open interest volume (OIV) decreased in December for select US commodity markets such as agriculture, copper, natural gas and livestock, and precious metals, while it increased for crude oil. Meanwhil...
A Working Meeting Between Republic of Venezuela & Rosneft
Venezuela >> 2/2/2016 - Rosneft Chaiman of the Management Board Igor Sechin held a working meeting with the Minister of Petroleum and Mining of the Bolivarian Republic of Venezuela, President of PDVSA, Eulogio Del Pino. ...
General Electric Signs $600m Investment Deal in Italy
Italy >> 1/31/2016 - GE Oil & Gas announced a new Memorandum of Understanding that will lead to the investment of $600 million over the next five years in Italy. The MoU was signed in Florence by GE Oil & Gas at a ceremon...
LG Chem Drops Plan to Build $4.2 Bln Kazakh Petrochem Complex
Kazakhstan >> 1/26/2016 - South Korea's LG Chem said it had decided to drop a plan to jointly build a $4.2-billion petrochemical complex in Kazakhstan, citing a prolonged slump in oil prices and a sharp increase in facility in...
Offer Received for Nigerian Investment
Nigeria >> 1/25/2016 - Further to its announcement of 21 January 2016, MX Oil is pleased to provide an update in connection with its Nigerian investment and proposed fund raising. The Company previously announced that it ha...
US Oil and Gas Drilling Expenditures up in 2014
United States >> 1/21/2016 - The domestic oil and natural gas industry spent an estimated $168.7 billion in drilling approximately 46,488 oil and natural gas wells in 2014, according to API’s 2014 Joint Association Survey on Dril...
BG Group Invests in Skills & Development in East Africa
Tanzania >> 1/21/2016 - BG Group is investing $1.45 million over 5 years to help equip people living in East Africa with the skills needed to secure job opportunities in the emerging oil and gas sector. ...
Saudi Aramco in Advanced Talks to Buy China Refinery Stakes
China >> 1/20/2016 - Saudi Aramco is in advanced talks to invest in refineries in China and the company was also in talks with CNPC and Sinopec for investment opportunities in refining, marketing and petrochemicals, the c...
Bashneft Raises US$ 500 million in Prepayment Under an Offtake Contract
Russia >> 1/20/2016 - Bashneft has successfully closed a US$ 500 million financing transaction led by Société Générale and PJSC Rosbank (together, the ‘Société Générale Group’) and Vitol S.A (‘Vitol’) and involving leading...
Iran Welcomes Slovak Investors
Iran >> 1/20/2016 - Iranian Vice-President Eshaq Jahangiri said Iran welcomes foreign investors including private companies of EU members including Slovakia. ...
Stock Movements - January 2016
Austria >> 1/18/2016 - OECD commercial oil stocks fell in November to stand at 2,966 mb, around 267 mb higher than the latest five-year average. Crude oil and products indicated a surplus of around 200 mb and 67 mb above ...
Tap Oil & Mubadala Settle Thailand's Manora Oil Field Facilities Costs
Thailand >> 1/18/2016 - Australia's Tap Oil Limited disclosed that an agreement has been signed with the Operator of the Manora Oil Development in the Gulf of Thailand, Mubadala Petroleum (Operator), for the settlement of th...
Eni CEO Says Iran Needs $150 billion of Energy Investment
Iran >> 1/18/2016 - Iran's emergence from economic sanctions will help Europe to diversify its energy supplies, but the Islamic Republic will need to invest at least $150 billion in infrastructure to become a major produ...
Oil Barrel at $25 and Algeria is Under Shock
Algeria >> 1/16/2016 - The government seeks new resources to fund its budget as oil price collapsed to less than $25. Experts warn against serious repercussions and expect strict measures to tighten the belt. ...
PTTEP May Cut 2016 Budget, Keen for Stake in BG's Bongkot Gas Field
Thailand >> 1/12/2016 - Thailand's PTT Exploration and Production Pcl is considering cutting its $3.4 billion investment budget for this year due to declining oil prices, its chief executive said. ...

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