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Investment News

EuroMena II Invests $20m in Sakson Petroleum Group
Iraq >> 8/30/2012 - EuroMena II, one of the most active private equity funds in the Middle East, announced that it has invested $20m to increase the capital of Sakson Petroleum Services, a regional oil and gas drilling s...
Indonesia Encourages Oil and Gas Investment
Indonesia >> 8/29/2012 - Quest Petroleum NL is pleased to advise of further positive developments in the oil & gas sector in Indonesia. ...
Oman to Invest Over $100bn in Oil and Gas Sector
Oman >> 8/25/2012 - Investments in Oman’s mainstay oil and gas industry are projected to exceed $100 billion over the next ten years, underscoring the sector’s preeminent role in fuelling the country’s long-term socio-ec...
ERHC Intensifies Fundraising for African Exploration Programs
Kenya >> 8/23/2012 - ERHC Energy Inc, a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has announced the intensification of fund raising for its exploration programs in highly prospective ...
TNK-BP Investing $800 Million to Develop Uvat Greenfields
TNK-BP Investing $800 Million to Develop Uvat Greenfields Russia >> 8/20/2012 - TNK-BP is expected to invest as much as $800 into its Uvat upstream projects in 2012 to support deployment of innovative production technology, develop related infrastructure and continue exploration....
Investment Flows into Commodity Markets in July 2012
Investment Flows into Commodity Markets in July 2012 Austria >> 8/16/2012 - The rebound in commodity prices in July contributed to easing the strong risk aversion seen the previous month. The total open interest volume (OIV) in major commodity markets in the US declined by 2....
BP Service Stations Now Accepting Payment by Visa payWave
BP Service Stations Now Accepting Payment by Visa payWave Russia >> 8/14/2012 - TNK-BP announces that BP-branded service stations in Moscow and Moscow Region have begun accepting payment via the contactless Visa® payWave system. The stations have already successfully introduced c...
Stock Movements - Aug 12
Austria >> 8/10/2012 - US
US total commercial oil stocks rose for the third consecutive month in July, increasing by 7.3 mb to end the month at 1,105.4 mb, the highest level since October. Thus, they stood at 3....
Solo Oil Issues 500,000,000 New Ordinary Shares
Tanzania >> 8/9/2012 - Solo Oil plc announces that it has raised £1.5 million gross proceeds through the issue of 500,000,000 new ordinary shares of 0.01p each in the Company (Placing Shares) at a price of 0.3 pence per sha...
The Egyptian Minister of Petroleum meets the Foreign Companies
The Egyptian Minister of Petroleum meets the Foreign Companies Egypt >> 8/7/2012 - Eng.Osama Kamal, Minister of Petroleum and Mineral Resources held a meeting with several heads of foreign companies operating in Egypt, British Petroleum (BP) and the German RWE, Malaysia's Petronas a...
Statoil Writes Off $336 Mln Shtokman Gas Investment
Russia >> 8/7/2012 - Statoil has written off around 2 billion crowns ($336.2 million) of investment and handed back shares in Russia's Shtokman gas project after investors failed to meet a deadline for an agreement, but i...
APCL Completes a $85 Million Placement
Australia >> 7/30/2012 - Further to its announcement on 24 July 2012, African Petroleum Corporation Limited is pleased to announce that it has completed its placement to institutions and sophisticated investors of 62,963,000 ...
Chevron to Invest $2 Billion in Congo-Angola Oil Field
Chevron to Invest $2 Billion in Congo-Angola Oil Field Angola >> 7/29/2012 - Chevron Corp plans to invest $2 billion to develop its Lianzi oilfield straddling the maritime border between Republic of Congo and Angola, a company official said. "Production from the Lianzi field w...
US House Says New Iran Sanctions Could Pass
Iran >> 7/26/2012 - The U.S. House of Representatives may approve a new package of sanctions next week aimed at Iran's oil revenues, the No. 2 House Republican said. ...
Gazprom Allocates RUB 7.9 Billion to R&D in 2011
Russia >> 7/25/2012 - The Company's Board of Directors approved the 2011 report on the progress with the Gazprom Innovative Development Program until 2020. The meeting emphasized that Gazprom Group had spent RUB 7.9 billio...
South Africa to Keep Importing Oil from Iran
Iran >> 7/25/2012 - South Africa’s Energy Minister Dipuo Peters has stressed his country’s determination to continue its crude oil imports from Iran, despite the U.S.-engineered sanctions against Tehran. ...
China Imports More Oil from Iran
Iran >> 7/24/2012 - China bought more crude from Iran in June than it did on average last year before sanctions against the Persian Gulf nation imposed by the European Union that went into force July 1. ...
African Petroleum Corporation to Raise A$85.0 Million
Liberia >> 7/24/2012 - African Petroleum Corporation Limited is pleased to announce that it has received firm commitments for 62,963,000 new fully paid ordinary shares (“Shares”) at A$1.35 per Share with institutional share...
Italy Court Unfreezes Libya's Eni Stake
Libya >> 7/23/2012 - An Italian court has unfrozen shares in Italian oil and gas group Eni held by the Libyan Investment Authority (LIA) on behalf of the family of former Libyan leader Muammar Gaddafi, judicial sources sa...
Japan Stock Movements in June 2012
Japan Stock Movements in June 2012 Japan >> 7/23/2012 - In May, commercial oil stocks in Japan rose for the third consecutive month, by 6.4 mb to stand at 179.1 mb, the highest level since May 2011. With this build, they reduced the deficit with a year ago...

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