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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...
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...
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...
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...
OGX Misses $45 Mln Payment on Bond
Brazil >> 10/1/2013 - OGX Petroleo e Gas Participacoes SA missed a $45 million interest payment due, moving the debt-laden Brazilian oil producer closer to the largest Latin American corporate debt default ever. ...
Japan Stock Movements
Japan Stock Movements Japan >> 9/29/2013 - In July, total commercial oil stocks in Japan declined by 2.0 mb for the second consecutive month to stand at 165.2 mb. As this level, oil inventories are 13.0 mb or 7.3% below a year ago and 13.6 mb ...
Proposed Equity Investment by IFC
United Kingdom >> 9/27/2013 - President Energy is pleased to announce that it has reached agreement in principle with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, for a proposed inve...
US Stock Movements
US Stock Movements United States >> 9/26/2013 - Preliminary data for August shows that US total commercial oil stocks fell slightly by 0.7 mb, reversing the build of the last five months, to stand at 1121.2 mb. Despite this decline, inventories sto...
CNOOC to Spend $2 Billion on Uganda's Kingfisher Field
Uganda >> 9/25/2013 - China's CNOOC has won a final production license for Uganda's Kingfisher oil field and will spend $2 billion over four years to develop it, a senior Ugandan official said. ...
UK Desperate to Earn Sanctions Waiver for BP Gas Field
UK Desperate to Earn Sanctions Waiver for BP Gas Field Iran >> 9/24/2013 - The tangible fact, which finally showed itself up as one of the slightest results of the illegal sanctions against Iran's energy sector, has made UK suffer in such a way that the UK Department of Ener...
Investment Flows into Commodity Markets
Investment Flows into Commodity Markets Austria >> 9/21/2013 - The total open interest volume (OIV) in major commodity markets in the US increased marginally by a little over 0.5% m-o-m to 8.8 million contracts in August. The growth was mainly attributed to highe...

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