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ExxonMobil, BP & Eni Investing $100Bln in 3 Oilfields
Iraq >> 10/19/2011 - Dow Jones reported that Exxon Mobil Corporation, BP plc and Eni S.p.A. would spend around $100 billion to upgrade three oilfields in southern Iraq, the top energy advisor to the Iraqi Prime Minister s...
DNO Commences Cash Sales to Kurdistan Local Market
Iraq >> 10/17/2011 - DNO International ASA has redirected nearly one third of its crude oil production in the Kurdistan Region of Iraq to sales to the domestic market in a move that will improve predictability and stabili...
Angola to Export Less Crude Oil in December
Angola >> 10/17/2011 - Angola will export around 1.69 million barrels per day (bpd) of crude oil in December, trade sources said, down sharply from 1.84 million bpd originally scheduled to load in November. A total of 55 fu...
Sahara Obtains a Bridge Loan from Riyad Bank
Saudi Arabia >> 10/15/2011 - Sahara Petrochemicals Company declares that a bridge loan agreement was signed with RIYAD Bank with the value up to One thousand (1000) million SR, where this value will be used to finance the new pro...
Uganda Delays Tullow Oil Asset Sale
Uganda >> 10/11/2011 - Uganda's parliament voted to delay completion of British explorer Tullow Oil's sale of stakes in local interests to develop oilfields until a $472 million capital gains tax dispute has been resolved. ...
Iraq Delays 4th Energy Auction to March 2012
Iraq >> 10/10/2011 - Iraq has delayed its 4th energy bidding round to March 7-8 next year when it will award contracts for gas and oil exploration in 12 new blocs, an oil ministry official said. The energy auction was sch...
Kazakhstan May Pay Up to $1.1 Bln for Karachaganak
Kazakhstan >> 10/5/2011 - Kazakhstan is willing to pay up to $1.1 billion to enter the international consortium developing the Karachaganak gas field and settle a protracted ownership dispute, the head of its sovereign wealth ...
Canada Bars New Investment in Syrian Oil Sector
Syria >> 10/4/2011 - Canada announced it was banning new investment in Syria's oil sector as part of a fresh sanctions package but it was not immediately clear whether Suncor's (SU.TO) Syrian operations would be affected....
No Impact to Cancel the Crude Shipments to Singapore
Singapore >> 10/3/2011 - Royal Dutch Shell has not requested to cancel any crude shipments to its Singapore refinery from the Abu Dhabi National Oil Co, an ADNOC source said, following a fire at Shell's biggest refinery last ...
QP to Rise $3 Billion in Loans for Barzan Facility
Qatar >> 9/29/2011 - Qatar Petroleum, the Gulf country’s state-run energy company, plans to raise about $3 billion from project financing next quarter to develop its Barzan natural-gas facility, two bankers familiar with ...
Vast & Niko Enter Into Financing Agreement in Iraq
Iraq >> 9/29/2011 - Vast Exploration Inc. announces that it has entered into an Encumbrance for Financing Agreement (Financing Agreement) with Niko resources (Kurdistan) Ltd. (Niko) in regard to the Qara Dagh Block in Ku...
Fully Subscribed US$ 200.00 Million Placing
Iraq >> 9/20/2011 - Gulf Keystone is pleased to announce that it has successfully raised through Mirabaud Securities LLP gross proceeds of US$200,000.000 through a conditional oversubscribed placing of 91,120,000 new Com...
Uganda MPs Demand Special Session over Oil Tax Row
Uganda >> 9/19/2011 - Ugandan legislators want the speaker to call an emergency session of the house to discuss a government dispute with Britain's Heritage Oil over tax payments, an opposition MP said. The East African co...
Nord Stream Seeks Amendment of Phase I Pricing Levels
Russia >> 9/13/2011 - Nord Stream has approached its lenders seeking an amendment to the pricing of the 3.9 billion euros Phase I project finance facilities in order to ensure a more favourable financing package for the ov...
Six Firms Approved to Iraq Fourth Bid Round
Iraq >> 9/8/2011 - Iraq has approved six more energy companies to participate in its 4th energy auction, raising the number of pre-qualified bidders to 46, a senior oil ministry official said. The auction for 12 new exp...
Kosmos Energy to List in Ghana by End of Year
Ghana >> 9/7/2011 - Kosmos Energy , which plans to list in Ghana to raise some $50 million for development in the West African country, is on track to join the bourse by the end of the year, Ghana's capital markets regul...
Iraq Bars Hess from Auction over Kurdish Deals
Iraq >> 9/5/2011 - Iraq's Oil Ministry has excluded U.S oil firm Hess Corp from competing in its 4th energy auction because the company signed deals with Iraq's northern Kurdish region, a senior Iraqi oil official said....
Saudi Aramco, Total appoint three banks for sukuk
Saudi Arabia >> 8/14/2011 - The Capital Market Authority (CMA)’s Board has issued its resolution number 2-25-2011 approving the public offering of sukuk certificates by Arabian Aramco Total Services Company (AATSC), a company es...
Ghana to Borrow $800 Mln from China to Develop Gas
Ghana >> 8/12/2011 - Ghana will borrow $800 million from the state-owned China Development Bank to develop its natural gas infrastructure and the first gas could be expected by the end of 2012 or early 2013, the head of t...
First Day of Trading on the Ghana Stock Exchange
Ghana >> 7/27/2011 - Further to the announcement made on 21 July 2011, Tullow Oil plc confirms that 3,531,546 ordinary shares of 10p each in the capital of Tullow have been admitted to the official list of the UK Listing ...

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