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Gazprom Approves Revised Investment Program & Budget for 2018
Russia >> 10/26/2018 - The Gazprom Board of Directors approved the revised investment program and budget (financial plan) for 2018. The key figures of the investment program did not change compared to the version approved b...
Austria's OMV Postpones Decision on Black Sea Offshore Investment
Romania >> 10/24/2018 - Austria’s energy group OMV has postponed an investment decision on its Black Sea exploration project until next year because the Romanian government took too long to set the framework conditions, its ...
Aramco Signs 15 MOUs at the FII Forum Worth $34B
Aramco Signs 15 MOUs at the FII Forum Worth $34B Saudi Arabia >> 10/23/2018 - At the highly impactful Future Investment Initiative (FII) forum in Riyadh, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US...
United Energy Group Will Invest in Egypt
United Energy Group Will Invest in Egypt Egypt >> 10/18/2018 - In Recent, Zhu Junfeng, CEO of United Energy Group, Mansour Bukhamseen, Board Chairman of Kuwait Energy Company and their delegators visited and met with Tarek Molla, Egypt Petroleum Minister. Molla w...
OPEC Urges Producers to Ramp up Investment
Austria >> 10/16/2018 - OPEC Secretary-General Mohammad Barkindo on Tuesday urged oil producing companies to increase capacities and invest more to meet future demand as spare oil capacity shrinks worldwide. ...
ADNOC Aims to Deepen Energy Partnership Opportunities with India
United Arab Emirates >> 10/15/2018 - His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), met, with His Excellency Narendra Modi, Prime Minister of India, at an invi...
Melbana Energy Signs LOI with China's AGMI for Cuba Block 9 Farmout
Cuba >> 10/8/2018 - Melbana Energy has signed a non-binding Letter of Intent (LOI) with Anhui Guangda Mining Investment ('AGMI') with respect to its Block 9 Production Sharing Contract in Cuba. ...
Estimated Investments Reduced by NOK 30B for Projects in the Implementation Phase
Norway >> 10/8/2018 - Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion since the development plans were submitted to Nor...
Shell Gives Green Light to Invest in LNG Canada
Canada >> 10/2/2018 - Shell Canada Energy, an affiliate of Royal Dutch Shell plc, has taken a final investment decision (FID) on LNG Canada, a major liquified natural gas (LNG) project in Kitimat, British Columbia, Canada,...
Qatar Petroleum CEO Holds Cooperation Talks in Islamabad with Prime Minister Khan
Pakistan >> 9/29/2018 - Qatar Petroleum President and CEO Saad Sherida Al-Kaabi held talks in Islamabad with H.E. Mr. Imran Khan, the Prime Minister of the Islamic Republic of Pakistan, on cooperation in the field of energy....
Total, Borealis & NOVA Chemicals Take FID for New Unit
United States >> 9/25/2018 - Bayport Polymers, LLC a 50/50 joint venture owned by Total S.A. (“Total”) and Novealis Holdings LLC, itself a joint venture of Borealis AG (“Borealis”) and NOVA Chemicals Inc. (“NOVA Chemicals”) – ann...
Saudi Aramco to Spend over $133b on Drilling over Next Decade
Saudi Arabia >> 9/17/2018 - State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday. ...
UAE's Brooge Petroleum Plans to Float 40 pct in London IPO
United Arab Emirates >> 9/16/2018 - The United Arab Emirates Brooge Petroleum & Gas Investment Co. plans to float 40 percent of its capital on the London Stock Exchange in October, BPGIC Chief Executive Officer Nicolaas Paardenkooper sa...
Gazprom & JBIC Discuss Cooperation Prospects
Russia >> 9/12/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, Governor of Japan Bank for International Cooperation (JBIC), took place today at the 4th Easte...
Total ?South Pars Investment to Stay in Iran
Iran >> 9/9/2018 - Iranian Minister of Petroleum Bijan Zanganeh said Total was not expected to pay a fine to Iran, but the amount that the company had already spent in South Pars Phase 11 project would not be repaid unt...
ITFC Implements $3B through 2 Financing Agreements to Support Egypt
ITFC Implements $3B through 2 Financing Agreements to Support Egypt Egypt >> 9/6/2018 - The International Islamic Trade Finance Corporation (ITFC) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General P...
Gazprom Begins Start-up Operations at Third Gas Production Facility of Bovanenkovskoye Field
Russia >> 9/5/2018 - The Gazprom Management Committee took note of the information about the progress of major investment projects. ...
LyondellBasell & Covestro Kick-off Circular Steam Project in Maasvlakte
Netherlands/Holland >> 9/4/2018 - LyondellBasell (LYB) one of the world's largest plastics, chemical and refining companies and its joint venture partner Covestro, one of the world's largest polymer companies, kicked-off a large inves...
Nigeria's Presidency Rebuffs Landmark Oil Reform Bill in Current Form
Nigeria >> 8/29/2018 - Nigeria’s presidency rebuffed a landmark oil industry reform law because of issues with its current form, the executive said on Wednesday, marking a setback for plans to reinvigorate investment in Afr...
Aramco’s Planned $100B IPO On Hold
Saudi Arabia >> 8/29/2018 - The king spoke, and a $2-trillion dream went up in smoke. ...

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