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TNK-BP is 1st in Russia to Get FTS Investment Tax Credit
Russia >> 2/15/2013 - TNK-BP reports that it has become the first Russian company to sign an agreement with the Federal Tax Service (FTS) on an investment tax credit for implementing energy efficiency improvement projects ...
TNK-BP & Krasnoyarsk Krai Sign Cooperation Agreement
Russia >> 2/15/2013 - TNK-BP and the Government of Krasnoyarsk Krai within the framework of the 10th Krasnoyarsk Economic Forum have entered into a supplementary agreement on social and economic cooperation. TNK-BP's total...
ICOFC to Issue Oil Bond for New Fields
Iran >> 2/14/2013 - Iranian Central Oil Fields Company will issue 5000 billion rial bond, interest of which will be spent on company’s development projects. The bond will be offered by Bank Mellat. ...
Total to Raise Exploration Budget & Sell more Assets
Ivory Coast (Cote D'Ivoire) >> 2/13/2013 - Total plans to raise its exploration budget in 2013 under an investment policy that takes advantage of high oil prices and financing from large-scale asset sales. The world's fifth largest oil company...
Russia Plans $25-$30 Bln Oil-For-Loans Deal With China
Russia >> 2/13/2013 - Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Eu...
Dana Gas to Increase Investments in Egypt
Dana Gas to Increase Investments in Egypt Egypt >> 2/12/2013 - The Dana Gas Company, the Middle East's largest private sector natural gas company, is mulling increasing its petroleum and natural gas investments in Egypt, now estimated at $1.8 billion, within the ...
Stock Movements - Feb 13
Austria >> 2/12/2013 - OECD
Preliminary data for December shows that total OECD commercial oil stocks fell seasonally by 44.1 mb to stand at 2,649 mb. Despite the fall in total stocks, inventories showed a ...
Sipchem Signs a Refinancing Agreement for 1.035B SAR
Saudi Arabia >> 2/11/2013 - Saudi International Petrochemical Company (Sipchem) announced that its affiliates, International Acetyl Company (IAC), 76% owned by Sipchem, International Vinyl Acetate Company (IVC), 76% owned by Sip...
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...
Sadara’s Chemical Project will Get Funding in 2013
Sadara’s 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 Iran’s crude oil exports to China soared to the second highest level in December 2012, despite U.S.-led sanctions against the Islamic Republic’s 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 Company’s stakes in Kazgermunai (KGM), CCEL and PetroK...

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