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Total Launches the Development of Kaombo Offshore Project
Angola >> 4/14/2014 - Total and its joint venture partners have made the final investment decision to develop the ultra-deep offshore Kaombo project in Angola. With a production capacity of 230,000 barrels per day, Kaombo ...
Stock Movements - April 14
Austria >> 4/10/2014 - OECD commercial stocks fell in February, driven by a decline in products as crude rose. At 2,554 mb, stocks stood at 131 mb below the five-year average, divided between crude (35 mb) and products (9...
Petrobras Secures $1.8b Bradesco Loan for Refinery
Brazil >> 4/8/2014 - Petroleo Brasileiro SA borrowed 4 billion reais ($1.8 billion) in a 17-year loan from Banco Bradesco SA to help pay for work on the Abreu e Lima refinery in northeastern Brazil, a source with direct k...
Petrobras Denies Shelving Debt Sales in Wake of Scandals
Brazil >> 4/7/2014 - Petroleo Brasileiro SA denied that it had shelved plans to sell debt in local and international markets later this year after a series of scandals involving the Brazilian state-controlled oil producer...
Canada High Court to Hear Chevron in $9.1b Ecuador Lawsuit
Ecuador >> 4/3/2014 - The Supreme Court of Canada agreed to hear an appeal by Chevron Corp of a lower-court decision that said Ecuadorean villagers could pursue in Ontario their $9.51 billion lawsuit for pollution in the A...
Petronas Reaches FID for $16b Refinery & Petrochemical Project
Malaysia >> 4/3/2014 - The PETRONAS Board of Directors has approved the Final Investment Decision (FID) for the development of the Pengerang Integrated Complex (PIC) in Southern Johor, Malaysia. ...
China Stock Movements in April 2014
China >> 4/3/2014 - The latest information showed Chinese total oil commercial inventories rose strongly for the second consecutive month by 32.7 mb in February, following a build of 28.1 mb in January, to stand at 420.8...
LGO Reports Progress on Collaboration in Cedros Peninsula
Trinidad and Tobago >> 4/2/2014 - LGO announces further progress on agreements with Beach Oilfield Limited ("BOLT") in the Cedros Peninsula of SW Trinidad with the conclusion of payments under the Data Agreement and the commencement o...
Mexico National Content Debate Risks Turning Off Oil Majors
Mexico >> 4/1/2014 - Mexico is considering rigid rules that would ensure a hefty cut of the spoils of a landmark energy overhaul go to Mexican firms, but that could jeopardize billions of dollars in investment from oil ma...
Energy Fund Spends 2$b in South Pars
Iran >> 3/30/2014 - As much as 2 billion dollars of Energy Fund’s foreign exchange reserves were spent in South Pars gas field over the past two years. ...
Mozambique May Struggle to Find Funds for LNG Ambitions
Mozambique >> 3/28/2014 - Mozambique may struggle to find all the investment finance it needs for its ambitious liquefied natural gas (LNG) projects as it must compete with top-rated developed economies with similar big LNG ex...
Africa Oilfield Enters Framework and Option Agreement
Kenya >> 3/28/2014 - Africa Oilfield, the investment company established to invest in the oil and gas logistics support industry in sub-Saharan Africa, announces that it has entered into a framework and option agreement (...
Repsol Seal Argentina Deal but Pemex Tensions Linger
Argentina >> 3/28/2014 - Shareholders of Spain's Repsol approved the oil major's $5 billion settlement with Argentina over the 2012 seizure of YPF at an annual meeting that also shed light on tensions with Mexico's Pemex. ...
Senate Oks Plan to Pay Repsol for 2012 YPF Takeover
Argentina >> 3/27/2014 - Argentina's Senate approved a government proposal to pay Repsol $5 billion in bonds to compensate the Spanish oil major for the nationalization of its majority stake in energy company YPF two years ag...
Morocco Refiner Samir Gets $240 Mln IDB Loan
Morocco >> 3/26/2014 - Morocco's oil refiner Samir has received an Islamic murabaha syndicated loan of $240 million from the Islamic Development Bank (IDB) to finance crude oil imports, it said. ...
Libya's Central Bank Lends USD2bn for Emergency Budget
Libya >> 3/25/2014 - Libya's central bank has made a 2.55 billion Libyan dinar ($2 billion) emergency loan to keep the government running in the absence of a regular budget, a parliamentary spokesman said. ...
Pemex Asks to Keep 83% of 2P Reserves
Mexico >> 3/24/2014 - Mexico's state oil company Pemex has asked to keep 83 percent of its proven and probable reserves under a landmark energy overhaul that will open the way to more private investment, the government's o...
S&P Cuts Brazil Credit Rating in Blow to Rousseff
Brazil >> 3/24/2014 - Standard & Poor's cut Brazil's sovereign debt rating closer to speculative territory in a blow to President Dilma Rousseff, whose efforts to stir the economy from a years-long slump have eroded the co...
Banque Du Caire Arranges LE3 bn Syndicated Loan to Misr Petroleum & Petroleum Cooperative Society
Egypt >> 3/24/2014 - Banque Du Caire has arranged an LE3 billion syndicated loan to Misr Petroleum and the Petroleum Cooperative Society in order to provide immediate needs of petroleum products. ...
Ex-Im Bank Signs $1 Billion MOU with Philippine Department of Energy
Philippines >> 3/21/2014 - Washington, DC – Patricia Loui, board of director for the Export-Import Bank of the United States (Ex-Im Bank), and Raul B. Aguilos, undersecretary for the Department of Energy (DOE) of the Republic o...

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