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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 ...
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 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...
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...
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. ...
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. ...
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...
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...
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...
Funding & New Trinidad Producing Oil Fields under Review
Trinidad and Tobago >> 4/25/2014 - LGO has successfully raised £1.375 million before expenses, by way of a placing of 144,736,842 new ordinary shares ("the Placing Shares") at a placing price of 0.95 pence per share. ...
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. ...
Argentine Congress OKs Payment to Repsol
Argentina >> 4/24/2014 - Argentina's Congress gave final approval to pay Repsol $5 billion in bonds to compensate the Spanish oil giant for the 2012 nationalization of Argentine energy company YPF. ...
US Stock Movements in April 2014
US Stock Movements in April 2014 United States >> 4/23/2014 - Preliminary data for March shows that US total commercial oil stocks rose by 2.1 mb, reversing the decline of the previous five consecutive months. At 1,037.0 mb, inventories stood at 60 mb or 5.5% be...
Galp Beats Expectations with Big Oil Output Increase
Brazil >> 4/15/2014 - Portuguese energy company Galp's oil and natural gas output jumped over 19 percent in the first quarter from a year earlier, exceeding market expectations, while its oil refining volumes fell 23 perce...
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 ...

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