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Investment News

Hess Announces 2020 E&P Capital and Exploratory Budget
United States >> 1/28/2020 - Hess announced a 2020 Exploration & Production capital and exploratory budget of $3.0 billion, of which more than 80% will be allocated to high return investments in Guyana and the Bakken. ...
ADM Energy to Increase its Investment Portfolio cross Nigeria & West Africa
Nigeria >> 1/23/2020 - ADM Energy PLC, an oil and gas investing company quoted on AIM, provides a strategy update for 2020 and beyond. ...
Sangomar Field Development FID & $300M Underwritten Senior Facility
Senegal >> 1/20/2020 - FAR Limited has taken the Final Investment Decision (“FID”) and received final credit approvals for an underwritten US$300 million senior secured reserve-based lending (“RBL”) facility for the Sangoma...
Cairn Takes FID on Sangomar Field Development in Senegal
Senegal >> 1/15/2020 - Cairn, along with its joint venture partners, Woodside and FAR, has signed a joint Final Investment Decision (FID) statement, in agreement with Petrosen and the Government of Senegal, at an official c...
EBRD Becomes Shareholder in Egypt’s Infinity Energy
EBRD Becomes Shareholder in Egypt’s Infinity Energy Egypt >> 1/15/2020 - The EBRD is investing US$ 60 million to become a shareholder in Infinity Energy S.A.E., one of Egypt’s leading private energy companies through the issuance of new shares. ...
Invictus Receives Priority Project Status from Zimbabwe Government
Zimbabwe >> 1/13/2020 - Invictus Energy Limited, is pleased to announce that the Company’s Cabora Bassa project at Muzarabani held through the Company’s 80% interest in Geo Associates (Private) Limited has been classified a...
Suspension of Trading on AIM
United States >> 1/13/2020 - Lekoil's advisers were approached yesterday by representatives of the Qatari Investment Authority (the "QIA") questioning the validity of the loan agreement announced on 2 January 2020 (the "Facility ...
Further Update in Relation to Facility Agreement & Restoration of Trading
Nigeria >> 1/13/2020 - Following the Company's announcement earlier today, the Company is now in a position to advise that, based on all information currently available to Lekoil, the loan agreement announced on 2 January 2...
Somalian Parliament Approves New Petroleum Law
Somalia >> 1/6/2020 - The upper house of Somalia’s parliament on Monday approved a new petroleum law, which aims to provide a regulatory framework that will help to attract investment in exploration by major oil companies....
Nigeria LNG Expansion Project launched
Nigeria >> 12/27/2019 - Eni and its partners in Nigeria LNG (NLNG) have taken the final investment decision (FID) for the expansion project of the liquefied natural gas (LNG) plant. This brownfield development, which is expe...
Gazprom Board of Directors Approves Investment Program & 2020 Budget
Russia >> 12/24/2019 - The Gazprom Board of Directors took note of the Company's preliminary operating results for 2019 and the projected investment program and budget (financial plan) for 2021–2022. ...
Aramco Acquires 17% of South Korean Hyundai Oilbank
Saudi Arabia >> 12/17/2019 - Saudi Arabian Oil Company (Saudi Aramco) has completed, through its subsidiary Aramco Overseas Company B.V. (AOC), the acquisition of 17% of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for...
Egypt & ITFC Ink $1.1B Agreement to Support Logistic & Petroleum
Egypt & ITFC Ink $1.1B Agreement to Support Logistic & Petroleum Egypt >> 12/4/2019 - Egypt inked an executive agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB), to support Egypt's essential logistic and petroleum ...
Reabold Resources Increases Investment in Danube Petroleum
Romania >> 12/2/2019 - Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that it has fully exercised its option to increase its investment...
Lukoil & Nizhny Novgorod Region Develop Cooperation
Russia >> 11/18/2019 - Today in Nizhny Novgorod President of LUKOIL Vagit Alekperov had a meeting with the Envoy of the Russian Federation President to the Volga Federal District Igor Komarov and Governor of the Nizhny Novg...
APICORP Invests in Al Khorayef United Holding
Kuwait >> 11/13/2019 - Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced its first equity investment in Kuwait with the acquisition of a 24% equity stake in Al Kho...
Capital Partnership between Marubeni and Interstellar Technologies
Japan >> 11/11/2019 - Marubeni Corporation (Marubeni) and Interstellar Technologies Inc. (hereinafter, “IST”) entered into a capital partnership via Marubeni’s investment in IST. IST is a venture company established in 200...
Woodside Approves Pluto- NWS Interconnector Pipeline
Australia >> 11/11/2019 - Woodside has taken a final investment decision on the pipeline component of the Pluto-North West Shelf (NWS) Interconnector and has entered into contractual arrangements with DDG Operations Pty Ltd f...
Nusaned Signs Three Mous at FII to Attract Investments
Saudi Arabia >> 10/31/2019 - SABIC leaders joined international partners and Saudi business leaders at the third annual Future Investment Initiative (FII) in Riyadh on October 30 and signed three MOUs with international partners ...
Total Dedicates Its $400M Global Venture Fund to Carbon Neutrality
France >> 10/24/2019 - Total announces that it will focus its global venture fund on fostering carbon neutrality. The fund will increase its capital to a cumulative $400 million within five years’ time. Its investments will...

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