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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. ...
Tata Power Signs MoU with Russian Direct Investment Fund
Russia >> 12/11/2014 - Tata Power, India's largest integrated power company, has signed a Memorandum of Understanding (MoU) with Russian Direct Investment Fund (RDIF) to develop investment opportunities in the energy sector...
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...
Algeria Plans Oil and Gas Bidding Round by Q3 2015
Algeria >> 12/10/2014 - Algeria will open a new round of bidding for investment in its oil and gas fields by the third quarter of 2015 and may improve the terms for companies, the head of state energy company Sonatrach said....
OPEC may Hold Emergency Meeting before June
Algeria >> 12/10/2014 - OPEC may still hold an emergency meeting before its June session to discuss how to tackle a surplus in global oil supplies and a drop in prices, Algeria's energy minister said. ...
Angola Sovereign Fund Allocates $1.6b to Africa Projects
Angola >> 12/10/2014 - Oil-rich Angola's sovereign wealth fund has set aside $1.6 billion to back infrastructure and hotel projects across sub-Saharan Africa, though falling energy prices could slow future flows of new mone...
Libya's Budget Income Falls Sharply as Oil Prices Plunge
Libya >> 12/9/2014 - Libya's budget income fell to around $15 billion in the period from January to November from $45 billion a year before, the central bank said on Monday. ...
BP to Invest $12b over 5 Years, Boost Gas Supplies
Egypt >> 12/9/2014 - British oil major BP (BP.L) plans to invest more than $12 billion in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, the country manager of BP Eg...
Algeria’s Sonatrach Says Low Oil won't Deter Investments
Algeria >> 12/8/2014 - Algeria will press ahead with its $90 billion investment plan in the North African country’s oil and gas industry even with crude prices trading near five-year lows, said the head of state-run energy ...
Octanex, Sabah (SIP) Deal Finalized
Australia >> 12/8/2014 - Octanex N.L. has executed documentation for the previously announced investment by SIP in Octanex. SIP is wholly owned by Sabah Development Bank Berhad (SDB) which in turn is wholly owned by the Minis...
Energi Mega to Refinance $170 million Loan
Indonesia >> 12/7/2014 - Indonesian oil and gas firm Energi Mega Persada hopes to refinance $170 million worth of loans by February next year and is considering acquisitions to raise its production, its top executive said . E...
US Stock Movements in November 2014
US Stock Movements in November 2014 United States >> 12/6/2014 - Preliminary data for October shows that total commercial oil stocks fell by 5.5 mb, reversing the build of last eight months to stand at 1,132.2 mb. Despite this drop, they were 27.4 mb, or 2.5%, abov...
More Than $150 Bln of Oil Projects Face The Axe in 2015
Norway >> 12/5/2014 - Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by t...
Gazprom & UniCredit Sign Agreement Worth EUR 390 million
Austria >> 12/5/2014 - Gazprom and UniCredit Bank signed a bilateral credit agreement worth a total of EUR 390 million in Vienna. ...
Santos Defers Planned Fund Raising
Australia >> 12/4/2014 - At its Investor Seminar on 26 November 2014, Santos noted it was considering a potential European hybrid issue, subject to acceptable market conditions. Since that date, the oil market has experienced...
Indonesia to Sign Sales, Refinery Agreements with CNOOC & Aramco
Indonesia >> 12/3/2014 - Indonesia expects to sign agreements with China's CNOOC Ltd , Saudi Aramco and two other oil companies next week covering direct oil sales and refinery investments in Southeast Asia's largest economy,...
SOCAR President Receives Turkish Delegation
Azerbaijan >> 12/3/2014 - SOCAR President Rovnag Abdullayev received Turkish delegation led by Fikri Ishik, Minister of Science, Industry and Technology of Turkey. Welcoming the guests, SOCAR President spoke about the bilatera...
Morocco Removes Subsidies for Petroleum Derivatives
Morocco >> 12/2/2014 - The Moroccan government has decided to remove the subsidy of all petroleum products, which cost two billion euros in 2012, according to Mr. Mohammed Wafa, Minister of Public Affairs. ...
Gazprom Working out General Gas Supply Scheme of Kyrgyzstan
Russia >> 12/2/2014 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Djoomart Otorbaev, Prime Minister of the Kyrgyz Republic.

It was...
Snorre 2040 Project Schedule Adjustment
Snorre 2040 Project Schedule Adjustment Norway >> 12/1/2014 - The Snorre partnership has decided to adjust the schedule for the ongoing Snorre 2040 project by postponing the planned date for DG2 from March 2015 to October 2015.

There is no change in t...

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