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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...
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) ...
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...
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. ...
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 ...
Mexico's Pemex Considering Sale of Repsol Stake
Mexico >> 5/6/2014 - Two members of the board of Mexico's national oil company Pemex said the company has yet to make a decision about whether or not to sell its 9.3 percent stake in Spain's Repsol. ...
Mexico's Pemex Prepares to Sell 9 pct Repsol Stake
Mexico >> 5/5/2014 - Mexican state-run oil company Pemex has hired Credit Agricole to sell its stake of just over 9 percent in Spanish oil major Repsol , Spanish online newspaper El Confidencial reported, citing financial...
Mexico Cites Major Interest in Oil Reform
Mexico >> 5/5/2014 - The Mexican government's opening of its oil and gas industry is attracting major interest from investors worldwide, including companies from China and Singapore, Economy Minister Ildefonso Guajardo sa...
South Pars Needs $9.5b This Year
Iran >> 5/5/2014 - Iran’s giant South Pars gas field needs 9.5 billion dollars for its development projects in the current year to March 2015, managing-director of Pars Oil and Gas Company said. ...
Chinese Premier's Africa Visit about More than Just Oil Deals
Angola >> 4/30/2014 - Chinese Premier Li Keqiang is to visit four African countries, including oil-rich Angola and Nigeria, but will not be going simply for energy deals as China increasingly aims to boost African living s...
Mexico Seeks Quick Investment with Energy Reform Rules
Mexico >> 4/30/2014 - Mexico will force investors in its oil and gas industry to use a certain amount of labor and materials from Mexican firms but will give them a decade to comply with the rules, the government said. ...
Japan Stock Movements in April 2014
Japan Stock Movements in April 2014 Japan >> 4/29/2014 - In Japan, total commercial oil stocks fell by 7.8 mb in February, reversing last month’s build of 2.2 mb. At 148.1 mb, Japanese oil inventories are 7.8 mb or 5.0% below what they were a year ago and 1...
The Government Expected to Present Long-Awaited Energy Laws
Mexico >> 4/29/2014 - Mexico's government is expected to present long-awaited legislation to flesh out an energy reform that is the central pillar of President Enrique Pena Nieto's plan to ramp up growth in Latin America's...
Chevron Wins a Round in U.S. Suit Against Lawyer
Ecuador >> 4/25/2014 - A federal judge rejected a bid by a U.S. lawyer to stall the enforcement of a ruling that found he used fraud to secure a $9.5 billion pollution judgment against Chevron Corp in Ecuador. ...

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