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Africa Oil Announces Additional Investment in Impact Oil and Gas
Canada >> 12/20/2018 - Africa Oil Corp. is pleased to announce that it has made further investments of US$20.5 million in Impact Oil and Gas Limited ("Impact"), a private UK company with exploration assets in South and West...
Eni announces the Approval of the Investment Plan for the Merakes Development Project Offshore
Indonesia >> 12/17/2018 - Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan s...
Sonangol and BP Agree to Advance BP’s Activities in Angola
Angola >> 12/17/2018 - Angola’s Sonangol and BP signed an agreement to progress to final investment decision the development of the Platina field in deepwater Block 18, offshore Angola. They also agreed to extend the produc...
Brazil's Ouro Preto Cuts Bid for Petrobras Oilfield Clusters
Brazil >> 12/14/2018 - Ouro Preto has cut its bid for two shallow water mature oilfield clusters from Brazil’s state-run oil company Petroleo Brasileiro, flagging a drop in oil prices in recent months, three sources with kn...
OPIC Board Approves More Than $1.3B to Development Projects
OPIC Board Approves More Than $1.3B to Development Projects Egypt >> 12/13/2018 - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, on Thursday approved more than $1.3 billion in financing and political risk insurance across ...
CNPC Suspends Investment in Iran's South Pars After U.S. Pressure
Iran >> 12/12/2018 - China National Petroleum Corp (CNPC) has suspended investment in Iran’s South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Washin...
Saudi Arabia Announces 100 Million Euros Aid to Sahel Nations
Mauritania >> 12/7/2018 - Saudi Arabia pledged 100 million euros ($113.7 million) to support priority investment programs in Africa’s Sahel region, the state-run Saudi Press Agency said on Thursday evening. ...
Argentina Announces $2.3B Joint Shale Oil Project with Malaysia's Petronas
Argentina >> 12/5/2018 - Argentina’s state-controlled energy company YPF and Malaysia’s Petronas are forming a joint venture to invest $2.3 billion over the next four years in the country’s Vaca Muerta shale oil fields, the p...
Hanwha Total Petrochemical Invests in a New Polypropylene Plant
South Korea >> 12/3/2018 - Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, will invest nearly $500 million to further expand its Daesan integrated refining and petrochemical complex in South Korea. T...
Spanish Interest to Invest in the Oil & Gas Industry in Egypt
Spanish Interest to Invest in the Oil & Gas Industry in Egypt Egypt >> 12/3/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with the Spanish Ambassador to Egypt, Ramon Gil-Casares, ways of boosting economic relations between the two countries in th...
Oman to Offer Six New Oil Blocks for Investment
Oman >> 12/2/2018 - Oman has announced plans to offer six new oil and gas blocks for investment as part of the 2019 Licensing Round due to be unveiled in the first quarter of next year. The new blocks — distributed acros...
Final Investment Decisions Made for Baltic Pipe Project
Russia >> 11/30/2018 - The Polish and Danish gas transmission system operators: GAZ-SYSTEM and Energinet have both made positive investment decisions and agreed to implement the joint Baltic Pipe project. The pipeline will ...
GEECL to Invest $2 Billion to Exploit Shale Reserves
GEECL to Invest $2 Billion to Exploit Shale Reserves India >> 11/30/2018 - Great Eastern Energy Corp (GEECL) will invest up to USD 2 billion over the next 10 years in its Raniganj (south) block in West Bengal to exploit shale gas reserves, its chief executive Prashant Modi s...
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers Saudi Arabia >> 11/26/2018 - Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, m...
BHGE Recognized for Localization Efforts in Saudi Arabia
BHGE Recognized for Localization Efforts in Saudi Arabia Saudi Arabia >> 11/26/2018 - Baker Hughes, a GE company received recognition for its localization efforts and announced a series of agreements at Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) Forum. The agreements are in line...
South Africa to Invest $1b in South Sudan's Oil Sector
South Sudan >> 11/23/2018 - South Africa will invest $1 billion in South Sudan's oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum sai...
INEOS Completes $80M Investment in Re-routing of North Sea Gas Field
United Kingdom >> 11/22/2018 - A new pipeline, subsea infrastructure and processing equipment has been installed to re-route production from the Clipper South field as ConocoPhillips commence the shutdown of operations at the exist...
BP to Invest $1b in South Africa, Including Refinery Upgrade
South Africa >> 11/22/2018 - BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulfur diesel, its ch...
Gazprom Management Committee Approves Investment Program & Budget for 2019
Russia >> 11/22/2018 - The Gazprom Management Committee took note of the information about the Company’s preliminary operating results for 2018 and the projected investment program and budget (financial plan) for 2020–2021....
Saudi Aramco & ADNOC Sign Framework Agreement
Saudi Aramco & ADNOC Sign Framework Agreement Saudi Arabia >> 11/12/2018 - Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) signed a framework agreement to explore opportunities for collaboration in the Natural Gas and Liquefied Natural Gas (LNG) sector.

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