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APICORP Increases Subscribed Capital to $ 1.5B
Saudi Arabia >> 5/31/2011 - In a strong endorsement of its performance from member states, the Arab Petroleum Investments Corporation’s (APICORP) Extraordinary General Assembly meeting held in Cairo on Sunday unanimously decided...
Severneftegazprom Accomplishes Fundraising for Yuzhno-Russkoye
Russia >> 5/25/2011 - A fundraising deal totaling EUR 1.1 billion was financially closed for the Yuzhno-Russkoye oil, gas and condensate field development project owing to the long-term joint efforts of Severneftegazprom a...
Isramco Secures $750 Mln in Loans for Gas Field
Israel >> 5/16/2011 - Oil and gas exploration company Isramco Negev said it has secured two loans worth a total of $750 million from Deutsche Bank and other groups to push ahead with work at the Israeli offshore natural ga...
OGX Intensifies Appraisal Campaign of its Discoveries
Brazil >> 5/6/2011 - OGX, an oil and gas company which is part of the EBX Group, owned by entrepreneur Eike Batista, closed the first quarter of 2011 with investments of R$ 679 million in its exploration and production (E...
ShaMaran to Raise $50.4 Million Private Placement
Iraq >> 4/19/2011 - ShaMaran Petroleum Corp. reports that it intends to sell on a non-brokered, private placement basis, an aggregate of up to 56 million common shares of the Company at a price of $0.90 per share to elig...
WesternZagros Raises Concern Doubts on Iraq Woes
Iraq >> 4/12/2011 - WesternZagros Resources Ltd, which is engaged in exploring and producing crude oil and natural gas in Iraq, raised doubts about its ability to operate as a "going concern" unless it secures additional...
Third Phase of Darkhovain Field Finalizing Next Month
Iran >> 4/11/2011 - The managing director of the Petroleum Engineering and Development Company (PEDEC) reported of presenting a plan by a giant international oil company to develop the third phase of Darkhovain oil field...
NIORDC Engaged in Talks to Fund Refineries Projects
Iran >> 4/4/2011 - ‘In order to speed up oil refineries development plans the National Iranian Oil Refining and Distribution Company (NIORDC) is engaged in talks with a foreign company amid coordination with domestic ba...
Opening of International Offshore Syrian Bid Round
Syria >> 3/31/2011 - The Syrian Ministry of Petroleum and Mineral Resources along with the General Petroleum Corporation (GPC) announced on 24th March 2011 the opening of the International Offshore Bid Round 2011 and will...
OGX Closes 2010 with Investments of R$ 2.5 Billion in Brazil
Brazil >> 3/25/2011 - OGX, an oil and gas company which is part of the EBX Group, owned by entrepreneur Eike Batista, closed 2010 with investments of R$ 2.5 billion in its onshore and offshore drilling activities, which i...
Mott MacDonald celebrate financial close of CSP plant
United Arab Emirates >> 3/21/2011 - Mott MacDonald’s role as lenders’ engineer on Shams 1, one of the largest concentrated solar power (CSP) projects in the world, has reached a key milestone with the announcement that it has achieved f...
Egyptian Premier Meets Head of British Petroleum
Egypt >> 3/17/2011 - Egypt’s Prime Minister Essam Sharaf met with the CEO of British Petroleum. ...
$16 Billion to Be Pumped to SP Projects Next Year
Iran >> 3/13/2011 - Deputy minister of petroleum for planning and supervision on hydrocarbon resources, Mohsen Khojastemehr, says next year 16 billion dollars will be pumped to South Pars gas field projects through offer...
Piedmont Natural Gas Reports 1st Quarter 2011 Results
United States >> 3/11/2011 - Piedmont Natural Gas announced results for the first fiscal quarter ended January 31, 2011. For the quarter, the Company reported net income of $84.4 million, or $1.16 per diluted share, compared to n...
SP Upstream Sector Needing $60 Billion Investment
Iran >> 3/7/2011 - ‘Launching all the South Pars gas field phases requires sixty billion dollars investment in upstream sector of the field up to the end of Twenty Years Outlook in 2025,’ Iran’s minister of petroleum, D...
Shams Power Company Raises US$600 M for CSP Project
United Arab Emirates >> 3/7/2011 - Shams Power Company announced the financial close of Shams 1, one of the world’s largest concentrated solar power (CSP) projects and the first of its kind in the Middle East.TheUS$600 million closing ...
Nord Stream Completes Phase II Financing
Russia >> 3/4/2011 - Financing for the Nord Stream project is secured: The company together with its shareholders in the consortium, OAO Gazprom, E.ON Ruhrgas AG, BASF SE/Wintershall Holding GmbH, N.V. Nederlandse Gasuni...
Neste Oil & ADNOC into a VHVI Base Oils Partnership
United Arab Emirates >> 2/28/2011 - Finland's Neste Oil and Abu Dhabi National Oil Company (ADNOC) have entered into a partnership concerning VHVI (very high viscosity index) base oils. Along with the co-operation, 600,000 metric tons p...
Abu Dhabi’s IPIC to Offer Bonds in Euros, Pounds
United Arab Emirates >> 2/23/2011 - Abu Dhabi’s International Petroleum Investment Co. may sell bonds in euros and pounds following investor meetings in cities including London, Amsterdam and Paris starting Feb. 28, according to three p...
Nord Stream Reached Financial Close on Second Phase
Russia >> 2/22/2011 - The Gazprom led Nord Stream project has reached financial close on its second phase financing with the 2.775 billion euro loan due to be officially signed in Berlin on March 4th. ...

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