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Halliburton Pays $219m in Barracuda & Caratinga
Brazil >> 2/11/2013 - A seven-year dispute between U.S. engineering company KBR Inc and a Brazilian client over an oil project off the coast of the country settled last month with a $219 million payment by Halliburton Co, ...
Interoil Terminates Divestment Process of Colombia
Colombia >> 2/11/2013 - In Q4 IOX recorded sales of USD 26.8 million, EBITDA of USD 9.8 million and a loss before tax of USD 49.3 million. ...
First Payments Under the $40 Mln Equity Investment
First Payments Under the $40 Mln Equity Investment Kazakhstan >> 2/11/2013 - Further to the announcement on 15 January 2013, concerning the agreement in relation to the equity investment of $40 million, Roxi is pleased to announce that the first $10 million payable under the s...
AzMeCo to Invest in Libyan Oil & Gas Sector
Libya >> 2/9/2013 - Azerbaijan Methanol Company (AzMeCo) has revealed plans to invest in the construction and development of petrochemical and oil refinery plants in Libya. ...
Argentina's YPF CEO Meets with UAE Oil Companies
Argentina's YPF CEO Meets with UAE Oil Companies United States >> 2/6/2013 - The head of Argentina's state-run oil company, YPF met with oil companies and investors in the United Arab Emirates to discuss partnering to produce oil and gas in the South American nation. ...
Rosneft Posts Record 2012 Net Profit of RUB 342 Bln
Russia >> 2/1/2013 - Rosneft published its full audited consolidated IFRS financial statements for Q4 2012 and FY 2012. Rosneft posted excellent operating and financial results in 2012. Hydrocarbon production (including p...
Qatar Invests $5 billion in Malaysia Petrochems Complex
Malaysia >> 1/29/2013 - Qatar's sovereign wealth fund plans to spend half of the $10 billion it expects to invest in Malaysia on a petrochemicals complex aimed at transforming the Southeast Asian nation into a global hub for...
Canacol Energy Announces 2013 Production Program
Colombia >> 1/29/2013 - Canacol Energy Ltd. is pleased to provide its 2013 capital program and production guidance. The Corporation plans to spend gross capex of US$ 67 million in calendar 2013 on drilling, work overs, seism...
Sadaraís Chemical Project will Get Funding in 2013
Sadaraís Chemical Project will Get Funding in 2013 Saudi Arabia >> 1/29/2013 - Saudi Arabian Oil Co. and its partner Dow Chemical Co. (DOW) plan to close financing this year on their $20 billion Sadara chemicals joint venture, the treasurer of the state-owned Middle Eastern crud...
South Stream Cost Increased to $39 Bln
Russia >> 1/29/2013 - Russia's Gazprom said it must invest around 12.5 billion euros ($16.8 billion) to make its domestic gas pipeline system compatible with the planned South Stream undersea link to Europe, increasing the...
China Defying Sanctions Imposed on Iran
Iran >> 1/28/2013 - Recently released data shows Iranís crude oil exports to China soared to the second highest level in December 2012, despite U.S.-led sanctions against the Islamic Republicís energy sector. ...
KMG EP Announces Operating Results for 2012
KMG EP Announces Operating Results for 2012 Kazakhstan >> 1/22/2013 - JSC KazMunaiGas Exploration Production (KMG EP) announces that in 2012 it produced 12,191 thousand tonnes of crude oil (247 kbopd), including the Companyís stakes in Kazgermunai (KGM), CCEL and PetroK...
BPZ Announces 2013 Capital Plan & Provides Operational Update
Peru >> 1/22/2013 - BPZ Energy, an independent oil and gas exploration and production company, announced its 2013 capital investment program and provided a Block Z-1 operational update. ...
Cost Optimization in Gazprom Core Operations
Russia >> 1/22/2013 - The Gazprom Management Committee Chairman Alexey Miller approved the Company's Comprehensive Cost Optimization Plan for 2013. The document contains a comprehensive list of special-purpose measures aim...
Oman Keen to Invest in Bangla Oil And Gas Sector
Bangladesh >> 1/21/2013 - Since the Royal Decree of His Majesty the Sultan to establish Omanís full-fledged embassy in Bangladesh last September, the two countries have seen a flurry of activity as they have started gearing up...
Aminex Secures $8 million Loan for Tanzanian Operations
Tanzania >> 1/17/2013 - Aminex PLC, a London and Dublin premium-listed oil and gas company with assets in the emerging hydrocarbon province of East Africa, announces that it has agreed a US$8 million loan facility with a fun...
Stock Movements - Jan 13
Austria >> 1/16/2013 - OECD
Preliminary data for November shows that total OECD commercial oil stocks fell seasonally by 15.3 mb to stand at 2706 mb. Despite the fall in total stocks, inventories showed a surp...
Iran, Iraq, Syria ink MOU to Boost Transit Co-op
Iran, Iraq, Syria ink MOU to Boost Transit Co-op Iran >> 1/13/2013 - Iran, Iraq, and Syria have signed a memorandum of understanding to expand cooperation through boosting transit of goods through joint borders, the Fars News Agency quoted Iranian Deputy Roads and Urba...
Iranís Petrochemical Projects Get $3.6bn in Development Aid
Iran >> 1/13/2013 - A senior Iranian energy official says Iranís National Development Fund (NDF) has allocated 3.6 billion dollars to the development of the countryís petrochemical industry. ...
Roxi Entered into Agreement to Raise $40 Mln Investment
Kazakhstan >> 1/8/2013 - Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has entered into an agreement to raise $40 million from the issue of new Roxi share...

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