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Aramco Aims to Lift Refining Capacity to 8 Mln Bpd
Aramco Aims to Lift Refining Capacity to 8 Mln Bpd Saudi Arabia >> 1/14/2012 - Saudi Aramco expects to raise its refining capacity to 8 million barrels per day (bpd) as it increases downstream investments, its chief executive officer said, after signing a $10 billion refinery de...
South Sudan Signs First Oil Deals since Independence
South Sudan Signs First Oil Deals since Independence Sudan >> 1/13/2012 - South Sudan signed its first oil deals with foreign nations since it won independence last July, inking agreements with Chinese, Indian and Malaysian firms, officials said. Oil revenues make up 98 per...
Aramco Trading Starts Commercial Operations
Saudi Arabia >> 1/11/2012 - Aramco Trading, a wholly-owned company subsidiary, geared up and began commercial operations Jan. 1, 2012, as Saudi Aramco’s downstream investment portfolio expands in-Kingdom and overseas. Formally e...
Nigerians Strike and Protest over Fuel Subsidy Cut
Nigerians Strike and Protest over Fuel Subsidy Cut Nigeria >> 1/9/2012 - Thousands of Nigerians took to the streets across Africa's top oil producing nation, launching an indefinite nationwide strike to protest against the axing of fuel subsidies. Shops, banks and petrol s...
Tower Resources Announces Financing and Uganda Update
Uganda >> 1/6/2012 - Tower Resources PLC, the AIM listed company with exploration assets in offshore Namibia and Uganda, is pleased to announce that it has entered into an £8m Standby Equity Distribution Agreement (SEDA) ...
Japan Mulls Cuts in Iran Oil Imports to Win US Sanctions Waiver
Japan Mulls Cuts in Iran Oil Imports to Win US Sanctions Waiver Iran >> 1/5/2012 - Japan is weighing various ways of securing a waiver on new U.S. sanctions against Iran, with reducing Iranian oil imports and dealings with its central bank possible options, government sources said. ...
Iraq Delays 4th Energy Auction to Apr 2012
Iraq Delays 4th Energy Auction to Apr 2012 Iraq >> 1/4/2012 - Iraq has delayed its 4th energy bidding round to April 11-12, when 12 new gas and oil exploration blocks will be auctioned to international energy firms, a senior oil ministry official said. The aucti...
Shell Eyes Possible South Sudan Opportunities
Shell Eyes Possible South Sudan Opportunities Sudan >> 1/3/2012 - Royal Dutch Shell Plc said it is eyeing potential opportunities in South Sudan, which last July broke away from Khartoum, taking with it two-thirds of Sudan's 500,000 barrels per day of oil production...
Russia Cuts Sakhalin-1 2012 Funds to $2.89 Billion
Russia Cuts Sakhalin-1 2012 Funds to $2.89 Billion Russia >> 12/30/2011 - Russia has approved a 2012 budget of $2.89 billion for the ExxonMobil-led Sakhalin-1 oil project, down from $3.26 billion for this year, an industry source told Reuters on Friday. He didn't explain th...
Shtokman's Gas Final Investment Decision Delayed
Russia >> 12/29/2011 - Development of Russia's Shtokman, one of the world's largest gas fields, will remain in limbo for a few more months as a Gazprom-led consortium pushes the government for tax breaks to help ensure the ...
Gazprom Neft Approves 2012 Investment Program
Russia >> 12/29/2011 - Gazprom Neft's Board of Directors has discussed the implementation status of the Company's 2011 financial borrowing program, debt structure and debt portfolio management. In 2011, through bank loans a...
Double Investments in Gasification of Saint Petersburg
Russia >> 12/28/2011 - Saint Petersburg hosted a working meeting between Alexey Miller and Georgy Poltavchenko, Governor of Saint Petersburg. The parties expressed a high opinion of the joint efforts made to develop a gas s...
Renaissance Plans to Raise New Growth Capital
United Arab Emirates >> 12/27/2011 - Renaissance Services SAOG has announced that its Board of Directors has approved the raising of up to Rial 50 million (USD 130 million) of additional capital through a quasi-equity instrument, subject...
Afghanistan Willing to Import More Oil Products from Iran
Iran >> 12/27/2011 - Managing director of the National Iranian Oil Refining And Distribution Company (NIORDC), Alireza Zeighami made the above remarks last night during the signing ceremony of an agreement on oil products...
Japan Refuses to Stop Iranian Oil Imports
Japan Refuses to Stop Iranian Oil Imports Iran >> 12/21/2011 - AFP reported from Washington that Japans foreign minister said Monday that his country would not stop imports of Iranian oil. ...
More Than Triple Investments in Achimov Deposits
Russia >> 12/20/2011 - In 2012 TNK-BP will invest US$ 250 million in the development of the Achimov deposits at its Rospan fields (100% owned by TNK-BP), more than tripling its investments made in 2011. ...
BP Russia Launches 5 Year Investment in Technology, Education & Cultural
BP Russia Launches 5 Year Investment in Technology, Education & Cultural Russia >> 12/20/2011 - BP announced the launch of a new corporate social responsibility (CSR) programme in Russia, one of the biggest of its kind undertaken by a foreign company. The five year (2011-2105) $50 million progra...
BP to Sign Deals to Explore in Angola's Kwanza Basin
BP to Sign Deals to Explore in Angola's Kwanza Basin Angola >> 12/20/2011 - BP will sign deals with Angola to explore oil and gas in several blocks in the southern African country's Kwanza Basin, Angolan state news agency Angop cited the oil firm's chief executive Bob Dubley ...
Sudan to Invite Bids to Run Six New Oil & Gas Blocks
Sudan to Invite Bids to Run Six New Oil & Gas Blocks Sudan >> 12/19/2011 - Sudan will invite bids from firms to operate in six new oil and gas blocks early next year, the oil minister said, as the country moves to compensate for the loss of the crude-producing south. Sudan h...
Israel Electric to Buy $8 bln of Natural Gas
Israel >> 12/18/2011 - Israel's state-owned electric utility has agreed to buy natural gas worth $8 billion from the partners developing the Tamar site off Israel's Mediterranean coast. Israel Electric Corp (IEC) said in a ...

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