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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...
Stock Movements - Aug 13
Austria >> 8/10/2013 - OECD
Preliminary data for June shows total OECD commercial oil stocks rose by 13.0 mb for the fourth consecutive month, ending June at 2,696 mb, the highest level since October 2012. At ...
Sagres Announces Exercise of Consent Judgment by Canacol
Guyana >> 7/26/2013 - Sagres Energy Inc reports that Canacol Energy (Guyana) Inc., a subsidiary of Canacol Energy Ltd. ("Canacol"), has exercised a consent judgment against Sagres in the amount of $1,116,150.43 (the "Conse...
Mexico's Conservatives Propose Deep Energy Reform
Mexico >> 7/18/2013 - Leaders of Mexico's opposition conservatives unveiled an outline for a market-friendly energy reform, saying it would lure billions of dollars in private investment to the country's struggling oil and...
PBR & Japanese Bank Sign $ 1.5 B Financing Agreement
Brazil >> 7/16/2013 - Petrobras has signed two financing programs with the Japan Bank for International Cooperation - JBIC for the offer of two lines of credit amounting to US$ 1.5 billion. Mizuho Bank, Ltd. is the agent b...
Stock Movements - Jul 13
Austria >> 7/13/2013 - OECD
Preliminary data for May shows total OECD commercial oil stocks rose by 11.7 mb for the third consecutive month, ending May at 2,691 mb, which is the highest level since December 20...
Orsk Oil Refinery Capex to Total $3 bln to 2025
Russia >> 7/10/2013 - Capital expenditure to modernize OJSC Orsknefteorgsintez from Orenburg region is slated to total $3 billion under the investment program running to 2025, a spokesman for CJSC ForteInvest, the refinery...
OGX Down 39 Pct as Oil Company Fights to Survive
Brazil >> 7/1/2013 - Brazilian billionaire Eike Batista's flagship oil company OGX Petroleo e Gas slashed capital spending and pulled the plug on three offshore oil prospects, the latest move by his EBX Group to bolster f...
Argentine Approach on YPF Settlement Sets Floor for Deal
Argentina >> 6/28/2013 - Argentina's $5 billion informal compensation offer for seizing Repsol's stake in energy firm YPF sets a floor for talks but the cash-strapped country may struggle to come up with a better offer. ...
Repsol Rejects $5 bln Offer from Argentina for YPF
Argentina >> 6/26/2013 - Spanish oil major Repsol's board of directors unanimously rejected a $5 billion noncash compensation offer from Argentina for its expropriation of energy firm YPF, saying the offer does not reflect Re...
Shell to Invest $3.9 billion in Nigeria
Nigeria >> 6/21/2013 - The Shell Petroleum Development Company of Nigeria Ltd (SPDC) as operator of the Nigerian National Petroleum Corporation (NNPC)/SPDC joint venture (SPDC JV) announced that the SPDC JV (NNPC 55%, SPDC ...
Camac Energy to Invest $35 Million in Kenya Exploration
Kenya >> 6/20/2013 - U.S. company Camac Energy will invest 3 billion Kenyan shillings to prospect for oil and gas in four blocks in Kenya, it said. Commercial quantity oil discoveries in Uganda, promising oil finds in Ken...
NIOC to Invest $25 B in Seismic
Iran >> 6/17/2013 - Managing director of National Iranian Oil Company (NIOC) says the company plans to absorb as much as 25 billion dollars for investment in development, exploratory and seismic operations during the cur...
Warburg Pincus to Lead $600m Investment in Delonex Energy
Kenya >> 6/17/2013 - Delonex Energy Limited (together with its subsidiaries referred to as “Delonex Energy” or “the Company”), a new, world-class energy exploration and production company (E&P) focused on Central and East...

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