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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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Japan Stock Movements in May 2014
Japan Stock Movements in May 2014 Japan >> 5/19/2014 - In Japan, total commercial oil stocks fell slightly by 0.6 mb in March, following a drop of 7.8 mb in February. At 147.5 mb, Japanese oil inventories were 20.6 mb or 12% below what they were a year ag...
Brazil Senate Opens Inquiry into Petrobras Mismanagement
Brazil >> 5/14/2014 - Brazil's Senate opened an inquiry into alleged corruption and mismanagement at state-run oil company Petroleo Brasileiro SA, a probe that could complicate President Dilma Rousseff's bid for reelection...
Conoco to Soon Argue Damages in Venezuela Dispute
Venezuela >> 5/13/2014 - Conocophillips CEO Ryan Lance said that his company and Venezuela's state-owned PDVSA are due to argue damages before an arbitration panel as their dispute over oil assets moves forward. ...
Tangiers Places $5 million of Shares for Upcoming Moroccan Well
Morocco >> 5/13/2014 - Tangiers Petroleum has resolved to place a$5 million worth of shares, before costs, through the private placement of 31.25 million shares to specify wholesale, institutional and sophisticated investor...
Stock Movements - May 14
Austria >> 5/13/2014 - OECD commercial oil stocks fell in March, driven mainly by a decline in products as crude inventories rose. At 2,570 mb, they stood 115 mb below the five-year average, divided between crude (38 mb) ...
Chevron Sees 'Tremendous Opportunity' in Mexico Oil Reforms
Mexico >> 5/12/2014 - Mexico's energy reform provides a range of attractive investment possibilities for international oil companies in Latin America's second-biggest economy, a senior Chevron Corp executive said. ...
Brazil Court Freezes Some Assets of Fallen Tycoon Batista
Brazil >> 5/8/2014 - A Brazilian court ordered up to 122 million reais ($55.2 million) in assets held by former billionaire Eike Batista be frozen as part of an investigation into unfair market practices, a local newspape...
Chevron Reaches Settlement Agreement with Patton Boggs Law Firm
Ecuador >> 5/7/2014 - Chevron Corporation has reached a settlement agreement with Patton Boggs LLP, a lobbying and law firm headquartered in Washington, D.C. Chevron had filed counterclaims in federal court against Patton ...

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