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Transglobe Shares Rise on Report of Egypt Block Wins
Egypt >> 11/3/2012 - Shares of TransGlobe, which has oil interests in Egypt and Yemen, rose as much as 14 per cent to a six-month high of C$12.45 on Friday on the Toronto Stock Exchange. ...
Algeria to Offer Incentives to Energy Investors
Algeria to Offer Incentives to Energy Investors Algeria >> 11/2/2012 - Algeria plans to start linking taxes on foreign energy firms to profits instead of turnover, according to draft amendments to its hydrocarbons law aimed at making the sector more attractive to investo...
Early Tender Results on Purchase Zhaikmunai's Outstanding Senior Notes
Kazakhstan >> 11/2/2012 - On October 19, 2012, Zhaikmunai International B.V. (the “Offeror”), which is a subsidiary of Zhaikmunai L.P. the oil and gas exploration and production enterprise with assets in north-western Kazakhst...
Eni Consortium to Invest $18 Bln in Iraq's Zubair Field
Iraq >> 10/31/2012 - Italian oil and gas company Eni expects the consortium it leads to invest $18 billion in the Zubair oilfield in Iraq, the group's chief executive said. ...
Gazprom Approves Cost Reduction Program for 2012
Gazprom Approves Cost Reduction Program for 2012 Russia >> 10/30/2012 - The Gazprom Board of Directors approved the adjusted Investment Program, Budget (Financial Plan), and Cost Optimization (Reduction) Program for 2012. ...
Final Investment Decision on Chayandinskoye Adopted
Russia >> 10/30/2012 - Gazprom starts the second stage of the Eastern Gas Program – establishing a large gas production center in the Republic of Sakha (Yakutia). Gazprom's Management Committee adopted the final investment ...
80$ Bln Investment on South Pars Phases Developmental Plan
Iran >> 10/27/2012 - Mohsen khojaste Mehr, oil deputy minister, regarding the importance of the South Pars developmental plan and finalizing it, claimed that it is one of the fundamental priorities of the oil ministry and...
HRT Amazon Study With Petrobras Includes Pipeline, LNG
Brazil >> 10/23/2012 - HRT Participacoes em Petroleo SA, the oil startup exploring in the Amazon and Namibia, said a plan to collaborate with Petroleo Brasileiro SA may include sharing a pipeline and building power and fert...
Solo Terminates Equity Line Facility with Dutchess
Tanzania >> 10/18/2012 - Solo announces that it has mutually agreed to terminate the three year £10 million Equity Line Facility with Dutchess Opportunity Cayman Fund Ltd (Dutchess) as the Company now believes that this type ...
Angola Launches $5 Billion Sovereign Wealth Fund
Angola >> 10/17/2012 - Angola launched a $5 billion sovereign wealth fund to invest in domestic and overseas assets, funnelling the African country's vast oil wealth into infrastructure, hotels and other high-growth project...
TAQA Receives South Korea Delegation in Abu Dhabi
United Arab Emirates >> 10/16/2012 - Abu Dhabi National Energy Company PJSC (TAQA) received a private-public delegation from the Republic of Korea. The visit is part of a series of meetings to foster cooperation between Abu Dhabi and Sou...
Emerson Invests $25M Technology & Innovation Centre in SA
Emerson Invests $25M Technology & Innovation Centre in SA Saudi Arabia >> 10/16/2012 - Emerson underlined its commitment to the Middle East and Africa market with the announcement of a US$25 million investment to create a technology and innovation centre in partnership with the King Fah...
Boosting Cooperation Between US and Egypt
Egypt >> 10/15/2012 - Eng. Osama Kamal, Minister of Petroleum and Mineral Resources, received Ann Paterson, U.S. Ambassador to Cairo, at the Ministry of Petroleum headquarters . They discussed cooperation horizons between ...
Stock Movements - Oct 12
Austria >> 10/12/2012 - OECD
Preliminary data for August shows that total OECD commercial oil stocks dropped by 29.0 mb over the previous month. Crude oil led the fall, declining by almost 20.0 mb, while products...
Iraq Needs to Invest $500B in Energy Projects by 2030
Iraq Needs to Invest $500B in Energy Projects by 2030 Iraq >> 10/10/2012 - Iraq needs to invest $500 billion from now until 2030 to upgrade its oil and gas industry, as well as its electricity sector, the country's deputy prime minister for energy affairs said. ...
ERHC Shareholders Approve Plan for African Exp. Programs
Kenya >> 10/10/2012 - Shareholders of ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, have voted overwhelmingly in favor of the Company’s proposals that will enable fund ...
TNK-BP to Invest $660M in Orenburg Field in 2012
Russia >> 10/9/2012 - TNK-BP announces that it will invest over $660 million in infrastructure facilities at the fields of OJSC Orenburgneft and LLC Buguruslanneft (subsidiaries of TNK-BP) in 2012, which is 42% more than l...
QFIB & Kuwait Energy Sign Strategic Investment Agreement
Kuwait >> 10/8/2012 - Qatar First Investment Bank (QFIB), Qatar’s first independent Shari’ah compliant investment bank authorized by the QFC Regulatory Authority, and Kuwait Energy, one of the fastest growing independent o...
$78bn Investments in Oman
Oman >> 10/6/2012 - The rate of growth of the Omani economy is projected to continue rising, fuelled by increased public spending and robust oil prices, according to a recent report published by the National Commercial B...
Offering South Pars Bonds Kicks Off
Iran >> 10/6/2012 - Offering South Pars gas field bonds worth of 10.000 rials kicked off today at selected branches of Bank Mellat. ...

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