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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...
Petrobras will Invest R$ 4 bln in 2013
Brazil >> 9/18/2013 - The president of Petrobras, Maria das Gracas Silva Foster said, at a public hearing at the Senate, that the Company will invest R$ 4 billion in 2013 and R$ 21.2 billion between 2013-2017 in Informatio...
PDVSA Inks $14bln CNPC Deal in the Junin 10 Block
Venezuela >> 9/18/2013 - China's CNPC will work with Venezuela's state oil company PDVSA to develop the Junin 10 block in the South American country's Orinoco extra heavy crude belt, the Venezuelan petroleum minister said. ...
UK Seeks Exemption from Iranian Sanctions for BP Gas Field
UK Seeks Exemption from Iranian Sanctions for BP Gas Field Iran >> 9/18/2013 - The UK government is in talks with the U.S. and the European Union over a possible exemption to Iranian sanctions that would allow BP PLC to restart a North Sea natural gas field partially owned by a ...
EU Court Rejects Sanctions on Iran ShippingFirm
Iran >> 9/17/2013 - Mohammad Hossein Dajmar, managing director of IRISL, said that EU’s “illegal and unilateral” against the IRISL were thrown out by the European court following months of efforts by Iran. ...
Exxon to Cut Back Libya Presence as Security Crumbles
Libya >> 9/17/2013 - ExxonMobil, the world's largest publicly-traded energy company, said on Tuesday it would cut back its staff and operations in Libya as growing instability no longer justified a major presence. ...
Jupiter Listed on Kazakh Stock Exchange (KASE)
Kazakhstan >> 9/16/2013 - The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM (“JPRL”) and ASX (“JPR”), announces that the Company has fulfilled the relevant con...
Chevron Signs Brazil Oil-Spill Accord
Brazil >> 9/13/2013 - Chevron Corp, the No. 2 U.S. oil company, signed an accord that could lead to the end of civil lawsuits seeking $17.5 billion in damages for a November 2011 oil spill, the company's lawyer in Brazil, ...
Vanoil Initiates Process to Resolve Dispute in Rwanda
Rwanda >> 9/10/2013 - Vanoil Energy Ltd, a Vancouver-based Canadian international oil and gas development company announced its intention to initiate "conciliation" discussions with the government of the Republic of Rwanda...
Stock Movements - Sep 13
Austria >> 9/10/2013 - OECD
Preliminary data for July shows total OECD commercial oil stocks rose by 5.3 mb for the second consecutive month, ending July at 2,668 mb. At this level, inventories were 55.5 mb be...
Petronas Exiting Venezuela Crude Project
Venezuela >> 9/9/2013 - Malaysian oil company Petronas is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt after disagreements with state-run PDVSA, sources close to the venture told Reuters. ...
Brazilian Oil Firm OGX Presses Batista for Cash
Brazil >> 9/6/2013 - OGX, the debt-laden Brazilian oil company, said on it has called in a promise from controlling stakeholder Eike Batista to start injecting $1 billion into his empire's flagship company while it renego...
Venezuela Expropriated ConocoPhillips’ Investments
Venezuela >> 9/3/2013 - ConocoPhillips announced that an international arbitration Tribunal ruled Venezuela unlawfully expropriated ConocoPhillips’ significant oil investments in the Petrozuata and Hamaca heavy crude oil pro...
Petrofac Sees Opportunities in Mexico Reforms
Mexico >> 8/27/2013 - British energy services firm Petrofac Ltd (PFC.L) said it was well placed to capitalise on increased investment in oil and gas projects in Mexico as the country opens up its energy industry, even if t...
USTDA Provides Funding for Ibhubesi Gas Development
South Africa >> 8/26/2013 - Southern Africa gas explorer and developer Sunbird Energy Ltd is pleased to announce that the U.S. Trade and Development Agency (USTDA) has granted funding to progress the field development plan for t...
Mexico's Pemex Fined $50 mln for Market Abuse
Mexico >> 8/25/2013 - Mexico's state-owned oil monopoly, Pemex, must pay a $50 million fine for forcing gas stations to transport fuel in tankers operated by its own unionized staff, the country's competition regulator sai...
ICSID Ruling Positive Step for Niko Resources
Bangladesh >> 8/21/2013 - Niko Resources Ltd. (Niko) is pleased to advise that an international Tribunal constituted under the Rules of the International Centre for Settlement of Investment Disputes (ICSID) issued a decision r...
Mexico Party Proposes Limited Energy Reform
Mexico >> 8/19/2013 - Mexico's largest left-of-center political party has proposed a plan that would revamp state-oil monopoly Pemex, but without amending the constitution to permit more private investment in the oil, gas ...
Kenya Signs $5 Bln Infrastructure, Energy Deals with China
Kenya >> 8/19/2013 - Kenya signed deals worth $5 billion with China to construct a railway line and an energy project, deepening ties with the Asian country keen to expand investment in Africa. The cash would be spent on ...
Mexico Proposes Energy Reform
Mexico >> 8/12/2013 - President Enrique Pena Nieto proposed an overhaul of Mexico's energy industry to offer private companies profit-sharing contracts, but investors said it might be too cautious and some sold Mexican ass...

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