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Kosmos Announces 140% Reserve Replacement Ratio & 2014 Capital Program
Ghana >> 2/3/2014 - Kosmos Energy Ltd. (Kosmos) announced an oil and gas reserve replacement ratio of 140% supported by increased oil reserves in the Jubilee field. Additionally, the company reported a 2014 capital spend...
MHE Invest $ 200m in Oil Exploration
Bolivia >> 1/31/2014 - Minister of Hydrocarbons and Energy, said "last year was passed in the Legislative Assembly seven contracts for exploration and exploitation of hydrocarbons. In its first phase these contracts will ha...
Nigeria Mobilises $700 Million for Trans-Sahara Gas Project
Algeria >> 1/30/2014 - President Goodluck Jonathan in Addis Ababa announced that Nigeria has mobilised 700 million dollars to support the completion of Nigeria-Algeria gas pipeline project. ...
Madalena Comments on Recent Developments of Argentina Peso
Madalena Comments on Recent Developments of Argentina Peso Argentina >> 1/27/2014 - Madalena Energy Inc. does not anticipate the Argentina government’s recently announced easing on currency restrictions to have any significant impact on Madalena’s operations and overall business plan...
Batista's Brazil Oil Firm in Fresh Funding Talks
Brazil >> 1/24/2014 - Bankrupt oil producer Oleo e Gas Participacoes SA has delayed detailing its restructuring plan to creditors until Jan. 31 as it tries to secure new funding, the company said in a statement. ...
Petrobras Approved Investment Plan for Libra in 2014
Brazil >> 1/23/2014 - Petrobras announces that the consortium formed by Petrobras (40%), Shell (20%), Total (20%), CNOOC (10%) and CNPC (10%), along with Pre-Sal Petroleo S.A. (PPSA), has approved, on the Operational Commi...
Ghana Expects at Least $20 Billion in Oil Investment
Ghana >> 1/21/2014 - Ghana expects at least $20 billion of investment in its booming oil industry over the next five years, mainly from foreign companies, the head of the state-owned Ghana National Petroleum Corporation (...
Stock Movements - Jan 14
Austria >> 1/16/2014 - OECD commercial stocks fell in November as refiners increased runs and demand improved during the winter season. Commercial stocks stood at 31.4 mb below the five-year average. However, the picture ...
KNPC Awards Private Sector 20 pct. of Project Investments
Kuwait >> 1/15/2014 - Up to 20 percent of investments in KNPC's clean fuel project and a new refinery will be awarded to the Kuwaiti private sector, said KNPC's CEO Muhammad Al-Mutairi. ...
Chevron Makes Final Investment on Alder Field in the UK
United Kingdom >> 1/13/2014 - Chevron North Sea Limited, has reached a final investment decision and received approval from the U.K. government to proceed with the development of the Alder Field in the Central North Sea. The proje...
Soma Oil & Gas Secures $50m Investment Offshore Somalia
Somalia >> 1/13/2014 - Soma Oil & Gas Holdings Limited announces that it has secured an equity investment of US$50 million from a private investment company, Winter Sky. In conjunction with the funding agreement, three indi...
Japan’s Abe Pledges Funds to Help Mozambique Energy Sources Grow
Mozambique >> 1/12/2014 - Japanese Prime Minister Shinzo Abe pledged to invest 70 billion yen ($672 million) in development projects in Mozambique during the next five years as he seeks to secure natural gas supplies from sout...
Iranian Oil Ministry Rejects Oil-for-Goods Deal with Russia
Iran >> 1/11/2014 - An Oil Ministry official rejected any oil-for-goods deal or agreement between Iran and Russia. ...
Brazil's Oleo e Gas Pays Off Part of Oil Field Debt
Brazil >> 1/9/2014 - Oleo e Gas Participacoes SA, Brazilian entrepreneur Eike Batista's oil company, said it paid off part of the debt related to the development costs for two offshore oil fields. ...
Kikwete Courts Algeria On Oil, Gas Exploration Effort
Algeria >> 1/8/2014 - PRESIDENT Jakaya Kikwete has hailed the existing relations between Tanzania and Algeria, saying the two countries needed to extend them further to cater for investments in natural gas and oil explorat...
Sandridge Sell its Gulf of Mexico Business
Mexico >> 1/7/2014 - Prompted by ongoing drilling success in its onshore operations and a more focused Mid-Continent strategy,SandRidge Energy, Inc. ("SandRidge") announced the sale of its Gulf of Mexico business, which c...
Thai PTTEP Lifts 2014 Investment Plan 60% on Mozambique Project
Mozambique >> 1/7/2014 - Thailand's PTT Exploration and Production Pcl (PTTEP) plans to invest $5.5 billion this year, up nearly 60 percent from a previous estimate, with much of the hike due to an investment in a LNG field i...
Eco-Stim Completes Lease Financing in Argentina
Argentina >> 1/6/2014 - Eco-Stim Energy Solutions, Inc. has completed the lease financing for the package of oilfield completion equipment that will be exported to Argentina. This equipment consists primarily of a coiled tub...
ONGC Videsh Mulls Oil for Debt Deal to Fund Mozambique Buy
Mozambique >> 1/3/2014 - India's ONGC Videsh, the overseas investment arm of explorer Oil and Natural Gas Corp , is considering an oil-for-debt deal to help fund the acquisition of a Mozambique gas field, its head of finance ...
Batista's OSX Reaches $1.5b Deal on OGX Contracts
Brazil >> 12/26/2013 - Brazilian tycoon Eike Batista's troubled shipbuilder OSX Brasil SA and oil company Oleo e Gas Participacoes SA have taken another step toward emerging from Latin America's largest-ever bankruptcy with...

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