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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 ...
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...
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...
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. ...
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. ...
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...
Iran Warns China Oil Giant Over Procrastination
Iran Warns China Oil Giant Over Procrastination Iran >> 2/20/2014 - Iran Oil Minister Bijan Namdar Zanganeh says China’s oil giant, CNPCI, is facing the prospect of expropriation in a major oil field in Iran should it continue dragging feet on the development project....
Argentina, Repsol to Sign $5 bln Settlement Deal
Argentina >> 2/20/2014 - Argentina and Repsol will sign a definitive $5 billion settlement over the 2012 nationalisation of the Spanish oil firm's majority stake in Argentine energy group YPF within days, a source involved in...
Brazilian Court Blocks OSX from Joint Bankruptcy Filing
Brazil >> 2/20/2014 - A Brazilian court has barred shipbuilder and ship-leaser OSX Brasil SA from joining its bankruptcy protection petition to that of Oleo e Gas Participacoes SA, the oil company controlled by former bill...
Morocco Refiner Samir Gets $300 Mln Loan from Glencore
Morocco >> 2/20/2014 - Morocco's sole oil refiner Samir said it has obtained a $300 million loan via an agreement with Glencore Energy which includes exporting part of its production to Glencore Energy. ...

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