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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...
NZ Super Fund to Invest up to $250m with KKR's Energy Practice
New Zealand >> 3/20/2014 - The NZ Super Fund has made another major energy investment, committing up to US$250 million to North American gas and oil opportunities with experienced energy investor KKR. ...
Statoil Says May Delay Investment Decision at Snorre Field
Norway >> 3/20/2014 - Norway's Statoil may delay an investment decision on increasing recovery of oil and gas at major North Sea field Snorre as it seeks to bring costs down after a tax hike last year, a senior company exe...
Chevron Seeks $32m in Legal Fees in Ecuador Case
Ecuador >> 3/19/2014 - Chevron Corp is seeking $32.3 million in legal fees from Steven Donziger and others who this month who were found by a judge to have used fraud to obtain a multibillion-dollar pollution judgment again...
Secretary Leases Sales Garner $872m in High Bids in GOM
United States >> 3/19/2014 - As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Secretary of the Interior Sally Jewell announced that today’s oil a...
Lawyer Appeals Ruling in Chevron Ecuador Case
Ecuador >> 3/18/2014 - A U.S. lawyer appealed a federal judge's ruling that he used fraud to secure a multibillion-dollar pollution judgment against Chevron Corp in Ecuador, a decision that bars him from collecting a $9.5 b...
AP Gambia lodges Arbitration Requests for Blocks A1 & A4 ICSID
Gambia >> 3/14/2014 - African Petroleum Corporation Limited advises that its wholly owned subsidiary African Petroleum Gambia Limited (AP Gambia) has lodged Requests for Arbitration with the International Centre for the Se...
Energy XXI to Buy Rival to Take tn Private Explorers in GOM
United States >> 3/12/2014 - Energy XXI Ltd will buy its closest rival EPL Oil & Gas Inc for $1.53 billion as the company looks to better compete with private-equity backed explorers such as Fieldwood Energy in the shallow-water ...
S.Africa Changes Petroleum Law to Give State Free 20% Stake
South Africa >> 3/12/2014 - South Africa's parliament passed changes to its main petroleum law, giving the state a stake of 20 percent in new gas and oil exploration and production ventures, a move industry said would have a chi...
Stock Movements - Mar 14
Austria >> 3/12/2014 - OECD commercial stocks fell further in January, after a substantial decline in 4Q13. Inventories stood at 142 mb below the five-year average, divided between crude (19 mb) and products (123 mb). In ...
South Korea Pays Its 1st Oil Expense to Iran
Iran >> 3/9/2014 - South Korea will make a first payment to Iran for oil imports following the partial easing of sanctions on Tehran in line with an interim nuclear agreement inked between Iran and the six major world p...
CNPC Considers Private Investors Amid Changes to State Companies
China >> 3/5/2014 - China National Petroleum Corp., the country’s biggest oil and gas producer, will seek outside investors for its oil and gas exploration and refining businesses as the nation opens up state companies. ...
U.S. Top Court Rules Against Argentina in Arbitration Fight
Argentina >> 3/5/2014 - The U.S. Supreme Court reinstated a $185.3 million arbitration award British company BG Group Plc won against Argentina before an appeals court threw it out. ...
Brazil Court Suspends Deadline for OSX Restructuring Plan
Brazil >> 2/27/2014 - A Brazilian court has suspended the deadline for shipbuilder OSX Brasil SA to present its restructuring plan under bankruptcy legislation until a new judge is appointed to the case, the company said i...
India Set to Pay $1.5 b of Oil Money to Iran
Iran >> 2/26/2014 - "We are ready to make a payment as soon as banking modalities are worked out," Vivek Rae was quoted by Reuters as saying. ...
Apache Sets 2014 Spending at $8.5b, N. America
United States >> 2/26/2014 - Apache Corp expects to spend $8.5 billion on exploration and production this year, with 64 percent of its investment earmarked for drilling more profitable oil wells onshore in North America. ...
Repsol Agrees to $5b Settlement with Argentina over YPF
Argentina >> 2/25/2014 - The agreement approved by Repsol’s Board of Directors must be ratified by the Annual General Shareholders’ Meeting and by the Argentinean Parliament ...
HRT Has Paid Credit Suisse Loan for Polvo Field
Brazil >> 2/24/2014 - HRT Participacoes em Petroleo S.A., in compliance with the provision of CVM Instruction 358/02, announces that its wholly-owned subsidiary, HRT O&G Exploracao e Producao de Petroleo Ltda., fully paid,...
Iran Unveils Draft Model of New Oil Contracts
Iran >> 2/23/2014 - Iran’s Oil Ministry has unveiled the draft model of its new oil contracts aimed at drawing more foreign companies to develop Iran’s hydrocarbon reservoirs. ...
CAMAC Energy Closes Equity Investment
United States >> 2/21/2014 - CAMAC Energy Inc has received the first tranche of funding from the Public Investment Corporation (SOC) Limited ("PIC") of South Africa in the amount of $135 million in accordance with the terms of th...

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