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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. ...
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...
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...
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...
US Stock Movement in December 2013
US 	Stock Movement in December 2013 United States >> 12/24/2013 - Preliminary data for November shows that US total commercial oil stocks fell by 26.4 mb for the second consecutive month to stand at 1,090.5 mb. Despite this drop, inventories stood at 9.2 mb or 0.9...
Eagle Rock in Midstream Sale
United States >> 12/23/2013 - Eagle Rock Energy Partners, L.P. announced that it has entered into a definitive agreement to contribute its midstream business to Regency Energy Partners LP (Regency) for total consideration of up to...
A $583 Million for Drilling 110 Wells in Western Desert
Egypt >> 12/22/2013 - Eng Sharif Ismail, Minister of Petroleum and Mineral Resources, said that the Western Desert region has become one of the most important areas of oil production in Egypt, which has a growing interest ...
Norway Waiting for Iran Sanctions Relief
Norway Waiting for Iran Sanctions Relief Iran >> 12/22/2013 - Norway has amassed big wealth mainly due to its huge oil and gas discoveries since the late 1960s. However, Norway does not owe its technology and wealth exclusively to its rich hydrocarbon reserves. ...
Final Investment Decision Approved for $26.9b Yamal LNG
Final Investment Decision Approved for $26.9b Yamal LNG Russia >> 12/18/2013 - The Board of Directors of Yamal LNG approved a final investment decision (FID) for the Yamal LNG project, consisting of the development of the South-Tambeyskoye gas condensate field and the constructi...

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