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Gulf Markets Bleed after OPEC Lets Oil Slide
Egypt >> 11/30/2014 - Gulf stock markets plunged to milestone lows in a panic sell-off on Sunday after OPEC's decision to keep crude output unchanged sent oil prices tumbling. ...
Far East Energy Announces Further Extension of Existing Loan Facility
China >> 11/28/2014 - Far East Energy Corporation, the U.S. listed company that operates the Shouyang Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People’s Republic of China, is pleased to an...
Petromaroc Seeks Industry Partner to Develop Sidi Moktar
Morocco >> 11/28/2014 - PetroMaroc Corporation plc is pursuing a series of strategic and financial alternatives with the objective of maximising shareholder value following the independent assessment of prospective resource ...
Banks to Arrange $1.5 Bln Loan for Egypt
Egypt >> 11/28/2014 - HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies, a st...
Magnus Energy to Participate in PEL 101 Drilling Program
Australia >> 11/28/2014 - Singapore's Magnus Energy Group Ltd. announced that Mid-Continent Equipment (Australia) Pty Ltd. (MEA), a wholly-owned unit of Mid-Continent Equipment Group Pte Ltd. (MEG), a 54.35 percent subsidiary ...
Woodside Approves $1 Billion Persephone Project
Australia >> 11/27/2014 - Woodside Petroleum has approved the Persephone gas development project located in Australia's Carnarvon Basin. ...
Opec to Act so as to have Consensus Approach
Algeria >> 11/26/2014 - The Organization of Petroleum Exporting Countries (OPEC) will act, next Thursday in Vienna (Italy), “in a way to have a consensus approach” that can generate stable solutions to the fall in oil price,...
Lukoil to Invest in Nigerian Project with Chevron
Nigeria >> 11/21/2014 - Russia's second-largest oil company, privately controlled Lukoil, said it planned to invest in Nigeria with U.S. oil major Chevron Corp , part of its push to seek opportunities away from Russia's stat...
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...

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