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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...
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. ...
Beibu Gulf Project Final Investment Decision
China >> 2/14/2011 - Roc Oil (China) Company has advised that the Beibu Gulf project joint venture parties and the Joint Management Committee (which includes CNOOC Limited) have approved the Final Investment Decision (FID...
ConocoPhillips Approves 2011 Capital Program
United States >> 2/11/2011 - ConocoPhillips approved a 2011 capital program of $13.5 billion, representing a significant increase in Exploration and Production (E&P) segment expenditures. Almost 90 percent of the capital program ...
ConocoPhillips Boosts Dividend
United States >> 2/11/2011 - ConocoPhillips announced a quarterly dividend of 66 cents per share, payable March 1, 2011, to stockholders of record at the close of business on February 22, 2011. This represents a 20 percent increa...
Placing to Raise £4,275,000 for Seismic in Uganda
Uganda >> 2/11/2011 - Tower Resources PLC, the oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda and Namibia, announces that Northland Capital Partners Limited and Westhouse Securi...
Nord Stream Wins Project Finance Award
Russia >> 2/10/2011 - Nord Stream has won the award for European mid-stream gas project of the year at this year’s Project Finance Awards ceremony. The awards recognise innovation, deal repeatability, best practice, proble...
JOGMEC Provides Equity Financing in Garraf Field
Iraq >> 2/10/2011 - Japan Oil, Gas and Metals National Corporation (JOGMEC, President: Hirobumi Kawano) decided to provide finance to JAPEX Garraf Ltd., a subsidiary of Japan Petroleum Exploration Co. Ltd. (JAPEX, Presid...
Liberty Energy Buoyed as Oil Tops $100 a Barrel
Egypt >> 2/2/2011 - Liberty Energy Corp. ("Liberty" or "the Company") is buoyed by the recent commodity price trends. Fears of civil turbulence in Egypt disturbing shipments through the Suez Canal have pushed crude oil c...
OCTAL Secures US $296 m for Next Phase of Expansion
Oman >> 1/17/2011 - Global PET packaging leader OCTAL is on track to complete the second phase of its operational expansion this year following a new round of funding from six Middle Eastern banks. ...
Kosmos Files Registration for Initial Public Offering
United States >> 1/14/2011 - Kosmos Energy announces that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common shares. Kos...
Bolstering Cooperation with Arab International Bank
Egypt >> 1/12/2011 - Eng. Sameh Fahmy, Minister of Petroleum, received Dr. Atef Ebeid, Chairman of Arab International Bank (AIB), on top of an official delegation, comprising the Bank's Vice Chairman, Credit General Mana...
Shell and Exxon to Invest in Malaysia Energy Projects
Malaysia >> 1/11/2011 - The Malaysian unit of Exxon Mobil will invest 10 billion ringgit ($3.2 billion) in new oil and gas assets in the Southeast Asian country, the government said. ...
Fugro to Enter Iraqi Oil & Gas Industry
Iraq >> 1/7/2011 - Fugro NV, the world’s largest surveyor of deepwater oil fields, is about to enter the Iraqi oil and gas business as oil majors are stepping up their exploration and production in the nation. ...
Edison Group Begins Wind Farm Commercial Operation
United States >> 12/23/2010 - Edison Mission Group (EMG), a subsidiary of Edison International, announced that it has begun commercial operation of the 150-megawatt (MW) Cedro Hill wind project in the southern Texas town of Bruni,...
Gazprom Performs Pipe Products Cost Optimization
Russia >> 12/22/2010 - The Gazprom headquarters hosted a working meeting moderated by Alexey Miller, Chairman of the Company's Management Committee and devoted to pipe products cost optimization.
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Discussions Between Egypt and Ghana
Egypt >> 12/9/2010 - Sameh Fahmi, Minister of Petroleum met Mr. John Mahama, Vice-President of the Republic of Ghana, who is now visiting Cairo, where it was discussed the possibility of increasing Egyptian oil investment...

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