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Venezuela Appeals for 2nd Time to World Bank Panel in Conoco Dispute
Venezuela >> 8/11/2015 - Venezuela has appealed for a second time to the World Bank's arbitration panel against its decision in the country's dispute with ConocoPhillips, linked to the nationalization of the company's assets....
Algeria Says Talks Ongoing over Possible OPEC Emergency Meet
Algeria >> 8/10/2015 - Algerian Energy Minister Salah Khebri said that discussions about potentially holding an emergency OPEC meeting to discuss the drop in oil price were ongoing, state news agency APS reported. ...
New Suez Canal to Double Egypt's Exports in 5 Years
Egypt >> 8/7/2015 - The New Suez Canal will increase Egypt's exports from $4.6 billion to nearly 8 billion dollars in five years, Agriculture Minister Salah Helal said. ...
Morocco's Sole Refinery to Close Due to Financial Problems
Morocco >> 8/7/2015 - Morocco's Societe Anonyme Marocaine de l'Industrie du Raffinage (SAMIR) will halt production at its 200,000 barrel per day (bpd) Mohammedia refinery due to financial difficulties, the company said in ...
Shell Eyes New Brazilian Assets Ahead of BG Deal
Brazil >> 8/7/2015 - Royal Dutch Shell is considering investing billions in Brazil, set to become a focal point after the planned acquisition of BG Group (BG.L), even as it prepares to sell huge chunks of its business to ...
Investment Flows into Commodities Markets
Investment Flows into Commodities Markets Austria >> 8/5/2015 - Open interest volume (OIV) in selected US commodity markets increased in June for natural gas, agriculture and precious metals, while it declined for crude oil, copper and livestock. Meanwhile, specul...
Japan Oil Trade - July 2015
Japan Oil Trade - July 2015 Japan >> 8/2/2015 - Japan’s crude oil imports dropped in May by 46 tb/d or 1.4% to average 3.3 mb/d, the lowest level seen since January 2015, while on an annual basis, they increased by a slight 1% or 38 tb/d. As for th...
World Bank Approves $700m Guarantees for Ghana’s Energy Transformation
World Bank Approves $700m Guarantees for Ghana’s Energy Transformation Ghana >> 7/30/2015 - The World Bank’s Board of Directors approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project - a transformational project that will help address the country’s seriou...
New Suez Canal to Reduce Oil Prices
Egypt >> 7/30/2015 - Special Envoy and Coordinator for International Energy Affairs leading the Bureau of Energy Resources (ENR) at the US Department of State Amos J. Hochstein underlined the importance of the New Suez Ca...
Mexico to Postpone Deepwater Auction, Adjust Next Oil Tender Terms
Mexico >> 7/29/2015 - Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production contracts and adjust the terms of...
US Stock Movements - July 2015
US Stock Movements - July 2015 United States >> 7/26/2015 - Preliminary data for June shows that total commercial oil stocks rose for the eighth consecutive month by 5.7 mb to stand at 1257.7 mb. At this level, stocks were 135.0 mb, or 12%, above the same peri...
SOCAR & Vitol Group Presidents Hold Meeting
Azerbaijan >> 7/23/2015 - SOCAR President Rovnag Abdullayev held a meeting with delegation led by Ian Taylor, Chief Executive Officer of Vitol Group, one of the largest energy trading companies in the world. The meeting focuse...
Iran Eyes $185 Billion Oil & Gas Projects After Sanctions
Iran >> 7/23/2015 - Iran outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020. ...
Govt Cabinet to Receive Final IPC Draft
Iran >> 7/22/2015 - The Iranian government cabinet will presently receive the final draft of the new petroleum contract model, known as Iran Petroleum Contract (IPC), for final deliberations and endorsement. ...
Egypt Eyes 9 Oil Deals Worth US$2.2b
Egypt >> 7/19/2015 - Egypt is preparing for the signing of nine petroleum deals which were approved in a recent Cabinet meeting, Petroleum Minister Sherif Ismail. ...
Japan Stock Movements in July 2015
Japan Stock Movements in July 2015 Japan >> 7/16/2015 - In Japan, total commercial oil stocks rose sharply by 15.6 mb in May, reversing the fall of last month, to settle at 159.6 mb, which is slightly higher than a year ago, yet 12.8 mb or 7.4% below the l...
Stock Movements - July 2015
Austria >> 7/14/2015 - OECD commercial oil stocks rose by 14.3 mb in May to stand at 2,833 mb, which is around 170 mb higher than same time one year ago and nearly 142 mb above the latest five-year average. Crude and prod...
Egypt Raises Gas Price Paid To Italy's Eni and Edison
Egypt >> 7/5/2015 - Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said. ...
Egypt Debt to Foreign Oil Companies at $3.5 Billion
Egypt >> 7/5/2015 - Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) sai...
Videocon Plans $2.5 billion Brazil Oil and Gas Investments
Brazil >> 7/4/2015 - Videocon Industries Ltd plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy ...

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