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Kenya Power Secures $190m Loan for Infrastructure Upgrade
Kenya >> 11/19/2014 - Kenya Power, the country's sole electricity distributor, had secured a $190 million loan from Standard Chartered Bank to upgrade its transmission network. ...
Algeria's H1 Oil, Gas Exports Edge down to 50.59 mmt
Algeria >> 11/18/2014 - Algeria's oil and gas exports in the first half of this year fell 1.09% year on year to 50.59 million mt oil equivalent (2.06 million boe/d) from 51.11 million mtoe, the country's central bank said. ...
Eni Strengthens its Presence in Turkmenistan
Turkmenistan >> 11/18/2014 - The Director of The State Agency for Management and Use of Hydrocarbon Resources, Yagshygeldy Kakayev, the chairman of State Concern Turkmenneft, Tachdurdy Begdjanov, and Eni’s CEO, Claudio Descalzi, ...
$18.5 Trillion Will Be Needed in O&G Investment to Meet Future Demand
Norway >> 11/17/2014 - "The scale of the climate challenge requires us not only to ask how we can do more, but how we can achieve the most. Climate change doesn’t stop at borders – and neither should our solutions,” says...
Egypt Spent $3 bln on Fuel Subsidies in Q1
Egypt >> 11/17/2014 - Egypt spent 22 billion Egyptian pounds($3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down 29 percent from the same quarter a year ago, an oil ministry official said. ...
China Stock Movements in November 2014
China Stock Movements in November 2014 China >> 11/15/2014 - The latest information for September showed Chinese total oil commercial inventories fell by 2.5 mb to stand at 401 mb. Despite this stock drawn, Chinese inventories were 20.1 mb above the same time l...
Landmark $88m Corporate Bond Issuance to Fund Launch of its 150 Well Drilling Programme
China >> 11/13/2014 - Green Dragon Gas Ltd., one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce that the Company has issued its first public corporate b...
Mexico's Pemex inks $10 bln credit line with China's ICBC for oil projects
Mexico >> 11/13/2014 - Mexico's state-owned oil company Pemex has inked an initial line of credit for exploration and production projects as well as offshore acquisitions with Chinese bank ICBC, the company said in a statem...
Stock Movements - November 14
Austria >> 11/12/2014 - In September, OECD commercial oil stocks rose by 21.2 mb to stand at 2,719 mb, which is 18.0 mb higher than the same time a year ago, but 8.1 mb less than the latest five-year average. Crude stocks ...
Oil Falls as Strong Dollar Outweighs Libya
Libya >> 11/11/2014 - U.S. crude fell more than $1 on Monday, edging below $78 a barrel, and Brent crude also dropped with both reversing early gains as U.S. dollar strength outweighed worries about conflict in Libya and U...
Finance Minister: The Drop in Oil Prices is Transient
Algeria >> 11/11/2014 - The recent oil price fluctuations do not represent for now a "threat" to Algeria's external and internal balances and won’t have a negative impact on the 2015 state budget, affirmed Monday in Algiers ...
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...
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...
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...

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