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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...
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. ...
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...
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...
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 ...
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 ...

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