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Gazprom to Increase Azerbaijani Gas to 3 BCM In 2012
Russia >> 12/15/2011 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic...
Oil-Rich South Sudan to Launch its Economic Pitch
Oil-Rich South Sudan to Launch its Economic Pitch Sudan >> 12/14/2011 - South Sudan makes its debut for western oil companies, aid organizations and agribusiness this week at a U.S.-backed conference aimed at setting Africa's newest country on the path to economic develop...
TNK-BP to Invest $10 Billion in Arctic Oil, Pipelines
Russia >> 12/14/2011 - Russian oil company TNK-BP, half-owned by BP, will invest up to $10 billion (6.4 billion pounds) in Arctic oilfield development and construction of a pipeline to link the fields with the export pipeli...
KRG Proposed a Draft Law for Fund Oil & Gas Sector
Iraq >> 12/11/2011 - Iraq’s semi-autonomous Kurdistan Regional Government proposed a draft law to set up a fund to manage revenue from the sale of oil and natural gas produced in the region, according to the KRG’s officia...
U.S. Treasury Eases Sanctions on South Sudan
Sudan >> 12/10/2011 - The United States is easing sanctions on South Sudan to allow investment in the newly independent nation's oil sector, the Treasury Department's Office of Foreign Assets Control (OFAC) said. OFAC issu...
TNK-BP Allocated $320 mln for New Technology in 2011
Russia >> 12/9/2011 - TNK-BP increased its investment in technology and innovation development by a factor of 3.7 to $320 mln in 2011 including $200 mln spent for pilot production works and the remaining funds invested in ...
QPI & Centrica Agree MoU for Investment Opportunities
Qatar >> 12/5/2011 - His Excellency Dr. Mohammed bin Saleh Al-Sada, Qatar's Minister of Energy and Industry and Chairman of the Board of Qatar Petroleum International (QPI), signed a Memorandum of Understanding (MOU) deta...
Niger Wants Audit on Chinese JV Oil Refinery
Niger >> 11/24/2011 - The West African state of Niger said it will commission an audit on the cost of an oil refinery built by its joint venture with Chinese oil company CNCP after the price tag rose to $980 million from t...
Sipchem Signed a Loan Agreement with SIDF
Saudi Arabia >> 11/19/2011 - Saudi International Petrochemical Company (Sipchem) announced that its affiliate the International Polymers Company (IPC) has signed with Saudi Industrial Development Fund (SIDF) a SR 600 million loan...
Solo Secures Equity Line Facility of Approx. £10 Million
Tanzania >> 11/10/2011 - Solo Oil plc announces that it has secured a three year Equity Line Facility (ELF) of up to £10 million with Dutchess Opportunity Cayman Fund Ltd (Dutchess). The ELF has been arranged by First Columbu...
Angola Passes Law to Force Oil Firms to Use Local Banks
Angola >> 11/10/2011 - Angola's parliament approved a law that forces overseas oil companies to pay their taxes and other transactions through the country's banking system, state news agency Angop reported. The new law mean...
Azerbaijan Ready to Export Gas to Iran
Azerbaijan >> 11/8/2011 - Azerbaijan is ready to export gas to Iran, president of the State Oil Company of Azerbaijan Republic (SOCAR) said here. ...
Orca Plans to Invest $130 Million to Double Gas Output
Tanzania >> 11/6/2011 - Orca Exploration's Tanzanian unit, PanAfrican Energy, plans to invest $130 million to double natural gas output following a surge in demand in east Africa's second-largest economy. The company said it...
Azerbaijan-Turkey Gas Agreements Signed
Azerbaijan >> 10/31/2011 - Azerbaijan and Turkey have signed a number of key gas export related agreements to enable Turkey to buy gas from Azerbaijan and to transit Azerbaijan gas through Turkey to Europe. ...
China Oil Demand Growth Slows
China >> 10/28/2011 - China’s implied oil demand grew at 1 per cent on the year in September to about 8.9 million barrels per day (mbpd), the lowest this year, Reuters calculations based on preliminary government data show...
Russia, Ukraine Close to Compromise on Gas Supplies
Russia >> 10/28/2011 - Russia and Ukraine are close to reaching a compromise on a revision of the previously signed agreements on the supplies and transits of natural gas on the Ukrainian territory, Ukraine's Prime Minister...
Nord Stream Signs Phase I Repricing Arrangements
Russia >> 10/27/2011 - Nord Stream can confirm it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to br...
Azerbaijan-Turkey Gas Agreements Signed
Azerbaijan >> 10/27/2011 - The Republic of Azerbaijan and the Republic of Turkey have signed a number of key gas export related agreements to enable Turkey to buy gas from Azerbaijan and to transit Azerbaijan gas through Turkey...
Tullow's Uganda Deal Approved by Ruling Party
Uganda >> 10/24/2011 - London-listed Tullow Oil's proposed sale of stakes in its Ugandan oilfields was given the go-ahead by the country's ruling party parliamentary caucus, despite its parliament voting to delay the deal. ...
TNK-BP Receives Investment License for Block 06.1
Vietnam >> 10/19/2011 - TNK-BP said that the Vietnamese Ministry of Investment and Trade has granted TNK Vietnam, the Vietnam-based subsidiary of TNK-BP Group, the investment license to operate offshore gas Block 06.1, part ...

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