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Rural Landowners Pose Threat to Foreign Energy Investors
Mexico >> 6/18/2014 - When foreign investors begin to pour into Mexico's overhauled energy sector in the coming months, they will face a potent force well-known to miners: Mexico's ejidos, or rural landowner groups. ...
Amsas Consulting Terminates MOU with Kilimanjaro Capital
Somalia >> 6/17/2014 - Amsas Consulting the Operator of the Amsas-Coriole-Afgoye (ACA) Block in Somalia advises Kilimanjaro Capital that it has terminated its Memorandum of Understanding (MOU) agreed by both parties in Sept...
Trinidad Approves New Positive Fiscal Incentives
Trinidad and Tobago >> 6/17/2014 - Range confirmed that, further to announcement of 16 September 2013, the Government of Trinidad and Tobago has approved and adopted the proposed budget incentives for oil and gas companies introduced b...
Brazil Offers Angola $2 Billion Credit for Energy, Construction
Angola >> 6/16/2014 - Brazil has offered Angola a new credit line worth $2 billion for use in the sub-Saharan African country's energy and construction sectors, Angolan Finance Minister Armando Manuel said. Several Brazili...
Brazil Court Approves Restructuring of Batista's Oleo e Gas
Brazil >> 6/13/2014 - A judge approved a restructuring plan for Oleo e Gas Participacoes SA, the oil company controlled by Brazilian tycoon Eike Batista, according to a statement by the Rio de Janeiro court that heard the ...
Stock Movements - June 14
Austria >> 6/12/2014 - OECD commercial oil stocks surged in April by around 50 mb to stand at 2,621 mb. Despite this seasonal build, inventories were around 80 mb less than the last five-year averages of both crude (16 mb...
Investment Flows into Commodities Markets
Investment Flows into Commodities Markets Austria >> 6/8/2014 - The total open interest volume (OIV) in major commodity markets in the US increased slightly by around 0.15% m-o-m to 8.7 million contracts in April as agriculture and copper OIV’s improved by 2.9% an...
US Stock Movements in May 2014
US Stock Movements in May 2014 United States >> 6/8/2014 - Preliminary data for April shows that US total commercial oil stocks rose strongly by 47.1 mb, reversing the decline of the previous month to stand at 1,084.1 mb. Despite this build, US commercial oil...
Energy Reform Will Strengthen the Competitiveness of Pemex
Mexico >> 6/5/2014 - The Energy Reform will overcome the challenges of the oil industry in technology and investment, with new participants in an open market, to detonate an injection of more than 60 billion dollars annua...
Eni Signs Strategic Agreements for Perla Field in Venezuela
Venezuela >> 6/4/2014 - The Minister of Petroleum and Mines of Venezuela and President of PDVSA, Rafael Ramirez, Eni's CEO, Claudio Descalzi, and Repsol's President, Antonio Brufau, signed strategic agreements concerning the...
Energy XXI Completes Acquisition of EPL Oil & Gas
United States >> 6/3/2014 - Energy XXI has completed the acquisition of EPL Oil & Gas (EPL) for approximately $2.3 billion, making Energy XXI the largest publicly traded independent operator on the Gulf of Mexico shelf. ...
Egypt's Minister of Electricity Heads to Ethiopia for Ministerial Conference
Egypt >> 6/1/2014 - Egypt's minister of electricity and renewable energy, Mohamed Shaker, headed to Ethiopia to participate in the US-Africa Energy Conference aimed at developing energy plans in Africa, reported the stat...
OMV Invests EUR 500m in Tunisia in Nawara Project
Tunisia >> 5/30/2014 - Nawara project underlines Tunisia’s significant role in OMV’s portfolio. Tunisian Minister of Industry, Energy and Mines, Kamel Ben Naceur, the Chairman of the Tunisian National Oil Company ETAP, Moha...
Pemex Near Deal to Form Energy Fund with Chinese Firms
Mexico >> 5/28/2014 - Mexico's national oil company Pemex is in the final stages of negotiating to form an investment fund with two Chinese companies that could eventually finance up to $5 billion in Pemex energy infrastru...
CNPC to Invest $2 billion in Peru after Petrobras Deal
Peru >> 5/28/2014 - The China National Petroleum Corporation (CNPC) expects to invest at least $2 billion in Peru over the next 10 years, after having recently bought Petrobras' assets in the country, a top CNPC executiv...
China Stock Movements in May 2014
China >> 5/27/2014 - The latest information for March shows that Chinese total commercial oil inventories fell by 10.2 mb, reversing the build of the previous three months to stand at 410.3 mb. At this level, inventories ...
Investment and Co-operation between Seadrill, NADL & Rosneft to Partner in Russian Market
Russia >> 5/26/2014 - North Atlantic Drilling Ltd. (NADL) and Seadrill Limited (Seadrill) are pleased to announce that an Investment and Co-operation Agreement has been executed with Rosneft in order to pursue growth oppor...
NIOC to Spend $500m for South Pars
Iran >> 5/24/2014 - National Iranian Oil Company (NIOC) is to provide the remaining 500 million dollars needed for the Phase 12 development of the giant South Pars gas field. ...
Investment Projects for Gas Supply to China Launched
China >> 5/23/2014 - Alexey Miller, Chairman of the Gazprom Management Committee signed an order to start the implementation of Gazprom's investment projects for gas supply to China. Starting from today, all the specializ...
PDVSA Gets $2b Credit Line from Oil Service Companies
Venezuela >> 5/21/2014 - Venezuelan state oil company PDVSA said it had been granted a total of $2 billion in credit lines by oilfield services companies Halliburton Co, Schlumberger NV and Weatherford International Ltd.
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