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Oil Prices Climb on Libya Supply Worries
Libya >> 12/29/2014 - Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member. ...
China Stock Movements in December 2014
China Stock Movements in December 2014 China >> 12/28/2014 - The latest information for October showed that Chinese total commercial oil inventories fell by 9.8 mb to stand at 391.3 mb, which was 23.2 mb above last year at the same time. Within the components, ...
Gazprom Outline Investment Program, Budget & Cost
Russia >> 12/23/2014 - Gazprom's Board of Directors approves Investment Program, Budget and Cost Reduction Program for 2015 The Gazprom Board of Directors took notice of the information about the Company's preliminary oper...
PTT Plans to Invest Nearly $10 Billion During 2015-2019
Thailand >> 12/23/2014 - Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP summarized the 2014 operating results as well as revealed the adjusted 2015 investment plan that f...
Rosneft Repays Part of a Loan Arranged for TNK-BP Acquisition
Russia >> 12/22/2014 - Rosneft announces it repaid part of a loan obtained to finance the acquisition of TNK-BP. On December, 22 The Company paid to lenders around USD 7 bln. ...
Alstom to Pay $772 Million to Settle Bribery Charges
United States >> 12/22/2014 - Alstom has pleaded guilty and will pay a fine of approximately $772 million in criminal penalties to settle charges with the U.S. Department of Justice (DOJ) alleging the company bribed government off...
Iran to Introduce New Oil Contracts in March
Iran >> 12/15/2014 - Iran’s Oil Ministry plans to introduce new oil contracts worth USD 40 billion to foreign investors in an upcoming international conference in the British capital, London, a senior Iranian energy offic...
NIOC Spending $2b in West Karoun Oil Fields
Iran >> 12/14/2014 - Iran's National Development Fund (NDF) will be tapped for $2b for development of oil fields located west of Karoun region in Khuzestan province, south of Iran. ...
Tata Power Signs MoU with Russian Direct Investment Fund
Russia >> 12/11/2014 - Tata Power, India's largest integrated power company, has signed a Memorandum of Understanding (MoU) with Russian Direct Investment Fund (RDIF) to develop investment opportunities in the energy sector...
Stock Movements - December 14
Austria >> 12/11/2014 - OECD commercial oil stocks fell by 5.1 mb in October to stand at 2,716 mb, which is 53.8 mb higher than the same time a year ago and 14.9 mb above the latest five-year average. Crude stocks indicate...
Angola Sovereign Fund Allocates $1.6b to Africa Projects
Angola >> 12/10/2014 - Oil-rich Angola's sovereign wealth fund has set aside $1.6 billion to back infrastructure and hotel projects across sub-Saharan Africa, though falling energy prices could slow future flows of new mone...
Algeria Plans Oil and Gas Bidding Round by Q3 2015
Algeria >> 12/10/2014 - Algeria will open a new round of bidding for investment in its oil and gas fields by the third quarter of 2015 and may improve the terms for companies, the head of state energy company Sonatrach said....
OPEC may Hold Emergency Meeting before June
Algeria >> 12/10/2014 - OPEC may still hold an emergency meeting before its June session to discuss how to tackle a surplus in global oil supplies and a drop in prices, Algeria's energy minister said. ...
BP to Invest $12b over 5 Years, Boost Gas Supplies
Egypt >> 12/9/2014 - British oil major BP (BP.L) plans to invest more than $12 billion in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, the country manager of BP Eg...
Libya's Budget Income Falls Sharply as Oil Prices Plunge
Libya >> 12/9/2014 - Libya's budget income fell to around $15 billion in the period from January to November from $45 billion a year before, the central bank said on Monday. ...
Algeria’s Sonatrach Says Low Oil won't Deter Investments
Algeria >> 12/8/2014 - Algeria will press ahead with its $90 billion investment plan in the North African country’s oil and gas industry even with crude prices trading near five-year lows, said the head of state-run energy ...
Octanex, Sabah (SIP) Deal Finalized
Australia >> 12/8/2014 - Octanex N.L. has executed documentation for the previously announced investment by SIP in Octanex. SIP is wholly owned by Sabah Development Bank Berhad (SDB) which in turn is wholly owned by the Minis...
Energi Mega to Refinance $170 million Loan
Indonesia >> 12/7/2014 - Indonesian oil and gas firm Energi Mega Persada hopes to refinance $170 million worth of loans by February next year and is considering acquisitions to raise its production, its top executive said . E...
US Stock Movements in November 2014
US Stock Movements in November 2014 United States >> 12/6/2014 - Preliminary data for October shows that total commercial oil stocks fell by 5.5 mb, reversing the build of last eight months to stand at 1,132.2 mb. Despite this drop, they were 27.4 mb, or 2.5%, abov...
More Than $150 Bln of Oil Projects Face The Axe in 2015
Norway >> 12/5/2014 - Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by t...

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