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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 $600m Investment in Delonex Energy
Kenya >> 6/17/2013 - Delonex Energy Limited (together with its subsidiaries referred to as “Delonex Energy” or “the Company”), a new, world-class energy exploration and production company (E&P) focused on Central and East...
Petrobras to Establish a JV for E&P Operations in Africa
Angola >> 6/14/2013 - Petroleo Brasileiro S.A. – Petrobras (Petrobras) and Banco BTG Pactual S.A. (BTG Pactual), in compliance with CVM Rule 358/2002, hereby announces that Petrobras International Braspetro B.V. (PIBBV), c...
Stock Movements - Jun 13
Austria >> 6/11/2013 - OECD
Preliminary data for April shows total OECD commercial oil stocks rising by 19.2 mb for the second consecutive month, ending the month at 2,677 mb. At this level, inventories were i...
Sipchem’s Affiliate Signs Loan Agreement with PIF
Saudi Arabia >> 6/11/2013 - Saudi International Petrochemical Company (Sipchem) announced that its affiliate, International Polymers Company (IPC) has signed on 10 June, a financing agreement of SR 704 million (US$ 188 million) ...
Israel's Leviathan Gas Field to Cost at Least $4.5B
Israel >> 6/5/2013 - The U.S.-Israeli consortium developing Israel's Leviathan natural gas field estimates it will cost $4.5 billion to develop the offshore well, not including infrastructure for exports, an official fami...
PDVSA Signs $4 Bln China Loan to Boost Orinoco Output
Venezuela >> 6/3/2013 - Petroleos de Venezuela SA, the state-owned oil producer, said it signed a $4.02 billion loan agreement with China’s Development Bank Corp. to increase production at the Sinovensa heavy oil joint ventu...
US Stock Movements
US Stock Movements United States >> 5/26/2013 - Preliminary data for April shows that US total commercial oil stocks rose by 19.9 mb, reversing the drop of the last two months to end the month at 1,096.2 mb. With this build, the inventories widened...
Iran Funds to Develop South Pars
Iran >> 5/26/2013 - Iran will invest $16 billion in development of the offshore South Pars gas complex over the next 10 months, a natural gas company director said. ...
OPEC Reference Basket in April 2013
OPEC Reference Basket in April 2013 Austria >> 5/23/2013 - The OPEC Reference Basket (ORB) dipped by more than 5% for the second month in a row in April. However, it continued to average above $100/b, supported by the lesser decline in Oman/Dubai-related crud...

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