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Two Firms to Help GCC Investors in Oilfield Projects
Oman >> 1/10/2015 - Samurai International Petroleum (Sipco) and Greenstone Equity Partners have joined forces in the Gulf Cooperation Council (GCC) region to meet rising investor demand for global investment opportunitie...
Circle Oil Receives Payment from EGPC
Circle Oil Receives Payment from EGPC Egypt >> 1/9/2015 - Circle Oil Plc is pleased to announce receipt of US$15 million as part of a recent special payment distribution by the Egyptian Government to oil companies operating in Egypt. This has resulted in a s...
Eland Secures $75 Million Loan Facility Onshore Nigeria
Nigeria >> 1/8/2015 - Eland Oil & Gas PLC, an oil & gas production, development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce it has finalised arrangements for a ...
JKX Suspend 2015 Capital Investment Programme in Ukraine
Ukraine >> 1/7/2015 - The Board of JKX (JKX) has decided that the combination of Ukrainian Government-imposed restrictions on selling its gas to industrial clients and the punitive rate of gas production tax requires the C...
40 Foreign Firms Ready to Invest in Iran Gas
Iran >> 1/6/2015 - Forty foreign companies have expressed their readiness to invest in Iran’s gas industry, an official at National Iranian Gas Company said. ...
Gov’t to Spend $15b on Oil Production
Iran >> 1/2/2015 - The government’s Economic Council has approved $15 billion to be invested in production and processing more than 550,000 b/d of oil, the government spokesman said. ...
Egyptian Government Pays US$350 Million to BG Group
Egypt >> 1/2/2015 - Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc, a world leader in exploration and LNG, has received a further payment equivalent ...
Payment of $2.1 Billion to Foreign Partners
Egypt >> 12/31/2014 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources announced that the Petroleum Sector paid a new batch of dues to the foreign partners amounted to $2.1 billion, Thus, total accumulated a...
Ivanhoe Receives an Additional US$540,000 Short-term Loan from Robert Friedland
Canada >> 12/30/2014 - Ivanhoe Energy Inc. announced that the company's working capital has been augmented by a further US$540,000 (approximately C$626,000) provided by founder Robert Friedland. ...
Iran Allots $15.2b to Develop Joint Oilfields with Iraq
Iran >> 12/30/2014 - Iran has allocated USD 15.2 billon for the development of joint oilfields with neighboring Iraq as part of the Islamic Republic’s plans to increase its oil output. ...
Iran Allocates €610m for Two Petrochemical Projects
Iran >> 12/30/2014 - Iran allocated €610 million for completing the construction of two petrochemical complexes in Kohgilouyeh-Boyerahmad Province in southwest of the country, according to a provincial official. ...
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. ...
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...

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