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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 ...
Total Sees $10 Billion Needed for Congo Project
Congo >> 7/24/2011 - French oil major Total SA estimates an investment of $10 billion is needed to develop the Moho Bilondo Nord offshore project in Congo Republic, its chief executive has been quoted as saying. "The Moho...
Successful Tullow Share Offer on Ghana Stock Exchange
Ghana >> 7/22/2011 - Tullow Oil plc is pleased to announce that it has allotted 3,531,546 ordinary shares of 10p each in the capital of Tullow (Shares), which rank pari passu with the existing Shares in issue, pursuant to...
Iraq May Increase Proven Crude Reserves by 21%
Iraq >> 7/16/2011 - Iraq may raise its proven oil reserves by 21 percent after adding those from the semi- autonomous Kurdish region, Hussain al-Shahristani, deputy prime minister for energy affairs, said today. Iraq’s o...
BG Group Signs New Agreement with Bank of China
China >> 6/27/2011 - BG Group and Bank of China signed a key cooperation agreement that enhances the existing close working relationship between the organisations and also allows for up to $1.5 billion of new funding opti...
Iran to Issue €2.7 Billion Bonds for South Pars Field
Iran >> 6/14/2011 - The first batch of oil industry’s foreign exchange bonds for current Iranian calendar year (started March 21), worth 2.7 billion euros, will be offered next week through branches of three domestic ban...
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...

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