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Guatemala Withdraws from Petrocaribe Oil Alliance
Guatemala >> 11/4/2013 - Guatemala has withdrawn from the Venezuelan-led Petrocaribe oil alliance after the Central American nation failed to negotiate favorable rates for purchases and financing, a vice-presidential spokespe...
Egypt Signs 9 Petroleum Agreements with $470m Investments
Egypt >> 11/1/2013 - Egypt, represented in the Petroleum Ministry, signed nine agreements in the petroleum and natural gas exploration domain with 470-million-dollar investments, Minister Sherif Ismail said on 31/10/2013....
Brazil Bourse Removes OGX from Indices
Brazil >> 10/30/2013 - Brazil's BM&F Bovespa, operator of the Sao Paulo stock exchange, said that it would remove oil company OGX Petroleo e Gas Participacoes SA from its various stock indices but that the shares, after a b...
Gazprom Approves Adjusted Investment, Budget & Cost Reduction Program for 2013
Russia >> 10/29/2013 - The Gazprom Board of Directors approved the adjusted Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2013. ...
OGX Readies Bankruptcy Filing, to Exclude Gas Unit
Brazil >> 10/28/2013 - OGX Petroleo e Gas Participacoes SA, the Brazilian oil company controlled by former billionaire Eike Batista, will file for bankruptcy protection as early as Tuesday, three sources with direct knowled...
Libra Field Costs will not Delay Other Projects
Brazil >> 10/28/2013 - The cost of developing the giant offshore Libra oil field will not delay other projects in the portfolio of Brazil's state-run oil company Petroleo Brasileiro SA, Director of Exploration Jose Formigli...
Total Developing Natural Gas Field off Argentina
Argentina >> 10/24/2013 - Total (operator, 37.5%) has taken the final investment decision to develop the offshore Vega Pleyade gas and condensate field. ...
Former Ecuadorean Judge Testifies in Chevron Case
Ecuador >> 10/23/2013 - A former Ecuadorean judge testified that he ghost-wrote rulings for another judge who ordered Chevron Corp to pay $19 billion to villagers whose land had been polluted by oil exploration. ...
Kuwait Allow to Egypt 5 Years to Repay $2 b Deposit
Egypt >> 10/20/2013 - The Gulf Arab state of Kuwait will allow Egypt to repay a $2 billion central bank deposit over five years instead of the current one-year timeframe, Egypt's interim prime minister said on Sunday. ...
Brazil's OGX in Talks for Merger Options
Brazil >> 10/18/2013 - OGX Petroleo e Gas Participaçoes SA, the ailing Brazilian oil producer controlled by tycoon Eike Batista, said on Friday it is in talks with potential investors for merger options that could include a...
PDVSA, Repsol Discuss $1.2 bln Funding for Venture
Venezuela >> 10/16/2013 - State oil company PDVSA and Spain's Repsol are discussing a $1.2 billion financing deal for a joint venture in Venezuela, a top government official said. ...
Pemex Inks $2 bln Credit Line Deal with Korea Eximbank
Mexico >> 10/16/2013 - Mexican state oil producer Pemex said it had signed a memorandum of understanding with Korea Eximbank to open a $2 billion credit line for financing a range of projects. ...
PDO to Invest $11 bn in 16 Major Oil Schemes
Oman >> 10/13/2013 - Petroleum Development Oman (PDO), the Sultanate’s oil and gas exploration and production flagship, plans to invest over $11 billion in a raft of new oil projects over the next 10 years. The investment...
Stock Movements - Oct 13
Austria >> 10/10/2013 - OECD
Preliminary data for August shows total OECD commercial oil stocks fell by 10.4 mb, reversing the build of the last month and ending August at 2,668 mb. At this level, inventories w...
East Africa Upstream Investments to Reach $7 Bln by 2018
Tanzania >> 10/9/2013 - Martin Kelly, Head of Sub Sahara Africa upstream research for Wood Mackenzie, told delegates at the East Africa Oil and Gas Conference today that with over 130 trillion cubic feet (tcf) of gas and aro...
Pan American Demands $1.5 bln for 2009 Expropriation
Bolivia >> 10/9/2013 - Argentina-based energy firm Pan American Energy has requested $1.49 billion from Bolivia as compensation for the 2009 nationalization of its subsidiary in the Andean nation, according to a statement l...
Uganda Seeks Investor to Build $2.5 Billion Oil Refinery
Uganda >> 10/8/2013 - Uganda is seeking an investor to fund and operate its planned $2.5 billion refinery that will move the east African country closer to pumping reserves discovered seven years ago. ...
Iran Solicits World Oil Giants for Investment
Iran >> 10/8/2013 - Iran has started talks with world oil giants in a bid to persuade them to run energy projects in the Islamic Republic, deputy oil minister for international and trade affairs says. ...
Iran Thaw Warms Western Oil Company Interest
Iran >> 10/4/2013 - The tempting taboo of Iran's oil and gas riches has moved a step nearer for Western oil companies, lining up to woo Tehran if sanctions finally succumb to a diplomatic thaw. ...
Egypt to Repay 25-30 pct of Arrears to Oil Firms Soon
Egypt >> 10/1/2013 - Egypt will repay 25 to 30 percent of its arrears to foreign oil companies in the near future, Petroleum Minister Sherif Ismail said on Tuesday. Egypt owes oil companies $6.2 billion, he said at a news...

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