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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...
Iran Invests $16 bln in South Pars Gas Field
Iran >> 5/19/2013 - An Iranian oil company official has stated that 16 billion dollars is due to be invested for the development of South Pars gas field within next ten months, as far as projections are concerned. ...
Clontarf Concludes Agreement on its Peruvian Blocks
Peru >> 5/15/2013 - Clontarf Energy plc announces that it has concluded an agreement on its Peruvian oil and gas exploration Blocks. ...
Iran allocates $450m for oil, gas exploration projects
Iran >> 5/15/2013 - Iran has allocated 5.5 trillion rials (about $450 million) to oil and gas exploration projects in the current Iranian calendar year, which started on March 21, Hormoz Qalavand the head of exploration ...
Stock Movements - May 13
Austria >> 5/12/2013 - OECD
Preliminary data for March shows that total OECD commercial oil stocks fell by 4.2 mb following the sharp decline in the previous month to stand at 2,660 mb. At this level, inventor...
Tullow CEO Sees Uganda Oil Plan MOU Agreed in Next Weeks
Ghana >> 5/8/2013 - U.K.-listed oil explorer Tullow Oil PLC is weeks away from an agreement with the Ugandan government on the final outline of a plan paving the way for investments of some $12 billion to develop the cou...
Iran Allocating 14.5% of Oil Revenues to Oil Industry Satisfactory
Iran >> 5/5/2013 - Iranian Minister of Petroleum expressed satisfaction with a decision by a Parliament’s commission on allocating 14.5 percent of oil revenues to development of oil industry. ...
NIOC Attracts $25 B in Upstream Sector
Iran >> 4/28/2013 - During the last Iranian calendar year to March 2013, 25 billion dollars were invested in upstream sector, which is a record. ...
Promotion of SOCAR Investment Projects in Turkey
Turkey >> 4/24/2013 - SOCAR realizes large-scale strategic projects of regional and global importance within the country and abroad. An important part of the investment projects is implemented in Turkey. ...
Gazprom Neft Signed a USD 1 Billion Loan Agreement
Russia >> 4/22/2013 - Gazprom Neft signed a USD 1 billion term and revolving loan agreement with a group of banks. ...
International Petroleum Update Loan Facility
Australia >> 4/19/2013 - Further to the announcement made on 5 April 2013, International Petroleum Limited (International Petroleum or the Company), advises its shareholders that it has not yet received the US$15million loan ...
OPEC Reference Basket in March 2013
OPEC Reference Basket in March 2013 Austria >> 4/16/2013 - The OPEC Reference Basket retreated by more than 5% in March to average $106.44/b. The decline was the largest since the 14% drop in June last year. The Basket’s value reflected bearish market sentime...
Khatibi Describes Iran’s Oil Exhibition as Unique in the Region
Iran >> 4/15/2013 - Iran's representative to the Organization of Petroleum Exporting Countries (OPEC) and the director for international affairs at the National Iranian Oil Company (NIOC) Seyyed Mohammad Ali Khatibi desc...
Stock Movements - Apr 13
Austria >> 4/12/2013 - OECD
Preliminary data for February shows that total OECD commercial oil stocks reversed the build of the previous month and fell seasonally 33.9 mb to 2,655 mb. Despite this drop, invent...
Petrobras to Borrow $20 Bln in 2013
Brazil >> 4/10/2013 - Brazil's state-run oil company Petrobras said that it would borrow $20 billion in 2013, 63 percent above its planned five-year average, as stagnant revenue and fuel subsidies increase the need for deb...
International Petroleum Secured US$15mln Loan Facility
Australia >> 4/5/2013 - International Petroleum Limited (or the Company), an oil and gas exploration and production company with assets in Russia and Kazakhstan, advises its shareholders that it has secured a US$15million lo...

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