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BP Expands with 240 Million in New Exploration Blocks
BP Expands with 240 Million in New Exploration Blocks Egypt >> 11/10/2014 - BP Egypt has confirmed that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks ov...
London Hosts Azerbaijan Investment Forum
Azerbaijan >> 11/6/2014 - Azerbaijan Investment Forum organized by The European Azerbaijan Society (TEAS) was held in London on November 5. Forum presented the large-scale projects carried out in the ICT industry, energy and f...
China Stock Movements in October 2014
China Stock Movements in October 2014 China >> 11/5/2014 - The latest information for August shows Chinese total oil commercial inventories fell by 3.7 mb, after increasing by nearly 12 mb in July. At 403.6 mb, Chinese inventories were 17.3 mb above year-ago ...
Gail & Socar Sign LNG Cooperation MoU
Azerbaijan >> 11/4/2014 - On November 3, State Oil Company of Republic of Azerbaijan (SOCAR) signed a Memorandum of Understanding (MOU) with GAIL (India) Limited, India. Under the MOU, SOCAR and GAIL intend to pursue jointly L...
ExxonMobil to Invest in MIT Energy Initiative
United States >> 11/3/2014 - ExxonMobil has signed an agreement to become a founding member of the MIT Energy Initiative (MITEI), a unique collaboration aimed at working together to advance and explore the future of energy. MIT P...
LGO Raises £2.3m for Cedros Peninsula in Trinidad
Trinidad and Tobago >> 10/30/2014 - LGO has successfully raised £2.3 million before expenses, by way of the placing of 48,418,167 new ordinary shares (the Placing Shares) at a placing price of 4.75p per share to assist with accelerating...
Seven Generations Set to Raise $724.31m in IPO
Canada >> 10/30/2014 - Seven Generations Energy Ltd is poised to raise C$810 million ($724.31 million) via an initial public offering that priced at the lower end of a previously anticipated range, according to regulatory d...
EFG Hermes Expects Lower Oil Prices for Egypt
Egypt >> 10/29/2014 - EFG-Hermes expected lower oil prices as clearly positive news for oil-importing MENA. Egypt, Morocco, Jordan and Lebanon are likely to enjoy the biggest gains, Egypt's largest investment bank said in ...
Exxon Mobil Corporation Declares Fourth Quarter Dividend
United States >> 10/29/2014 - The Board of Directors of Exxon Mobil Corporation declared a cash dividend of 69 cents per share on the Common Stock, payable on December 10, 2014 to shareholders of record of Common Stock at the clos...
Canacol Provides Strategic Financing with Apollo Investment Corporation
Colombia >> 10/29/2014 - Canacol Energy Ltd. has established a financing relationship with Apollo Investment Corporation to finance its investment in oil and gas properties in Colombia and Latin America. As a result, the Corp...
World Bank Funds Major New Development for the Horn of Africa
Djibouti >> 10/27/2014 - Leaders of global and regional institutions begin an historic trip to the Horn of Africa to pledge political support and major new financial assistance for countries in the region, totaling more than ...
US Stock Movements in October 2014
US Stock Movements in October 2014 United States >> 10/23/2014 - Preliminary data for September shows that total commercial oil stocks rose by 13.3 mb, reversing the drop of last month, to stand at 1,137.7 mb. At this level, they were 18.2 mb, or 1.6%, above the la...
Moody’s Revises Rating Maintaining Investment Grade
Brazil >> 10/21/2014 - Petrobras informs that the rating agency Moody's announced that the level of risk (rating) of debt in foreign currency and place of Petrobras Baa1 to Baa2 with perspective negative, while maintaining ...
Egypt Signs 36 Oil Exploration Deals Worth $2b
Egypt >> 10/21/2014 - Egyptian Petroleum Minister Sherif Ismaeil announced that the new oil agreements bring the total of new deals since November 2013 to 36, with an estimated investment value exceeding US$2 billion. ...
ALFA Will Seek Shareholder Approval for a Potential Capital Increase
Mexico >> 10/20/2014 - ALFA, S.A.B. de C.V., one of Mexico’s leading diversified industrial and energy companies, announced it has called a General Extraordinary Shareholders’ Meeting to approve a potential capital increase...
Japan Stock Movements in October 2014
Japan Stock Movements in October 2014 Japan >> 10/18/2014 - In Japan, total commercial oil stocks rose by 5.8 mb to stand at 168.4 mb, the highest level since June 2013. At this level, Japanese oil inventories are 7.7 mb or 4.8% higher than a year ago, but rem...
Canada, Australia Firms Eager to Invest in Iran Gas
Iran >> 10/18/2014 - Canadian and Australian companies have voiced their readiness to invest in Iran’s gas sector, the investment director of National Iranian Gas Company said. ...
Apache Corp to Raise Gas Supplied Prices to Egypt
Egypt >> 10/15/2014 - The US oil and gas producer Apache Corp. operating in Egypt aims to reach an agreement with the Egyptian government about raising the prices of gas supplied by the end of the year, the company said. ...
Algeria Expects 2014 Energy Earnings Dip to $60b
Algeria >> 10/13/2014 - Algerian state-run energy group Sonatrach expects earnings from oil and gas sales to dip by 5.2 percent to $60 billion in 2014 from a year earlier if crude prices stabilise for the rest of the year, i...
Stock Movements - October 14
Austria >> 10/10/2014 - OECD commercial oil stocks rose in August by around 9.0 mb to stand at 2,679 mb. At this level, they were still 57.0 mb less than the latest five-year average. Crude indicated a surplus of 12.0 mb, ...

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