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Saipem Signs Joint Venture with Nigeria's Dangote Group
Nigeria >> 4/1/2015 - Saipem had signed a joint venture with Nigeria-based Dangote Group to develop business in central and west Africa. ...
Petrobras Signs $3.5b Deal with China Development Bank
China >> 4/1/2015 - Petrobras has executed with China Development Bank Corporation – CDB the first Facility Agreement of a cooperation arrangement to be implemented during 2015 and 2016. The Agreement is being executed i...
Japan Stock Movements in March 2015
Japan Stock Movements in March 2015 Japan >> 3/30/2015 - In Japan, total commercial oil stocks fell by 6.4 mb in January following a stock draw of 11.1 mb in December to stand at 154.4 mb, which is 1.4 mb or 0.9% lower than a year ago and 11 mb or 6.6% belo...
Egypt Spends 30 Pct Less on Fuel Subsidies in Fiscal H1
Egypt >> 3/30/2015 - Egypt's fuel subsidy bill for the first half of the current fiscal year fell to 44.8 billion Egyptian pounds ($5.9 billion) from 64.5 billion a year earlier, the finance ministry said.

The ...
Sound Financial Strategy Securing High Business Stability of Gazprom
Russia >> 3/24/2015 - The Gazprom Board of Directors took notice of the information about the Company’s financial strategy, including the funding of the capital investment program. ...
Egypt Raises Gas Price Paid to RWE to $3.50 per Mmbtu
Egypt Raises Gas Price Paid to RWE to $3.50 per Mmbtu Egypt >> 3/23/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources signed on modifying the gas price in the agreement of onshore Nile Delta Disouq concession area, with investments of $ 240 million s...
SOCAR to Ask Central Bank for $952m for Petrochemical Plant
Azerbaijan >> 3/19/2015 - Azeri state energy company SOCAR will ask the central bank for a 1 billion manats ($952 million) loan to kick start building its $16.5 billion oil, gas and petrochemicals processing plant, SOCAR Presi...
Huge O&G Investments during Egypt Conference
Huge O&G Investments during Egypt Conference Egypt >> 3/18/2015 - The Egypt Economic Development Conference (EEDC) that took place last week in Sharm El Sheikh saw investors taking active steps to invest in Egypt economy. The agreements and MOU's that were signed ad...
Stock Movements - March 15
Austria >> 3/16/2015 - OECD commercial oil stocks fell by 5.0 mb in January to stand at 2,695 mb, nearly 123.4 mb higher than same time a year ago and 22 mb above the latest five-year average. Crude indicated a surplus of...
BG to Invest $4bn in Egypt over Two Years
BG to Invest $4bn in Egypt over Two Years Egypt >> 3/15/2015 - The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) signed a Heads of Agreement to continue the development of their joint gas interests in the Nile D...
Eni Signs $5b Heads of Agreement with Egypt
Eni Signs $5b Heads of Agreement with Egypt Egypt >> 3/14/2015 - The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the Coun...
Dana Gas to Invest $350m in Egypt
Egypt >> 3/14/2015 - Dana Gas will invest $350 million in Egypt over the next 30 months and expects to receive outstanding arrears from the government by the end of 2016. ...
Chile's ENAP to Build $30m Oil Pipeline in Egypt
Egypt >> 3/13/2015 - A subsidiary of Chile's state oil company ENAP will invest $30 million to build a 90 km oil pipeline in Egypt's Western Desert. The pipeline would allow the company to extract oil from a new discovery...
Petrogrand Enters Into an Agreement Regarding an Investment in the Russian Federation
Russia >> 3/13/2015 - Petrogrand AB's (publ) ("Petrogrand") subsidiary, Sonoyta Limited, has signed a Share Subscription Agreement (the "SSA"), regarding the subscription for newly issued 49 per cent of the shares and vote...
China Stock Movements in February 2015
China Stock Movements in February 2015 China >> 3/11/2015 - The latest information for December showed that Chinese total oil commercial inventories fell for the fifth consecutive month by 5.1 mb to stand 378.2 mb. Despite this stock draw, Chinese inventories ...
Japan Stock Movements in February 2015
Japan Stock Movements in February 2015 Japan >> 3/8/2015 - In Japan, total commercial oil stocks fell by 11.1 mb in December following a stock draw of 7.7 mb in November to stand at 160.8 mb. Despite this fall, Japanese commercial oil inventories are 7.2 mb o...
Primeline Enters Into Market Making Agreement With Altacorp Capital
Canada >> 3/3/2015 - Primeline Energy Holdings Inc. announces that it has entered into a market making agreement (the Agreement) with AltaCorp Capital Inc. (AltaCorp). AltaCorp is a full-service investment dealer focusing...
Egypt Delays Target for Repaying Firms $3.1b until Mid-2016
Egypt >> 3/3/2015 - Egypt aims to fully repay its $3.1 billion debt to foreign oil and gas companies by mid-2016, around a year later than previously indicated, according to the oil ministry. ...
Energean Launches $6m Quest for Hydrocarbons in Egypt
Energean Launches $6m Quest for Hydrocarbons in Egypt Egypt >> 3/3/2015 - Energean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa, is launching a new 6-million-dollar investment programme in Egypt, aim...
Russia's Rosneft May Get $5 Billion From National Wealth Fund
Russia >> 3/2/2015 - Russian state oil firm Rosneft may get 300 billion roubles ($5 billion) from the National Wealth Fund (NWF) to finance five projects, both upstream and downstream, Russian Energy Minister Alexander No...

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