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SOCAR’s Payments for October 2014
Azerbaijan >> 11/13/2014 - SOCAR paid AZN 151 million 691 thousand to the State Budget for October of the current year that is AZN 12 million 715 thousand (109.1 %) more than the payments for the same period of 2013. ...
Mike Harding Retires from the Board of Roc Oil
Australia >> 11/13/2014 - ROC advises that Mike Harding has resigned from the Board of the Company with immediate effect from today. An Independent Non-executive Director since June 2012, Mr Harding was elected Chairman of ROC...
Egypt to Repay Debts to Foreign Oil Companies within Six Months
Egypt >> 11/13/2014 - Egypt plans to repay all of its $4.9 billion debt to foreign oil and gas companies within six months, the oil ministry said, a move it hopes will prompt them to boost exploration and ease the worst en...
Kuwait to Spend $40b to Boost Oil Output to 4 Mln Bpd
Kuwait >> 11/13/2014 - Kuwait plans to invest around $40 billion to boost its oil production capacity to 4 million barrels per day (bpd) by 2020, an executive from Kuwait's state oil company ( KOC ) said. ...
Balance of Supply and Demand
Austria >> 11/12/2014 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.5 mb/d, which is 0.8 mb/d lower than the 2013 level. Demand for OPEC crude in 2015 was also unchanged to aver...
Tullow Reviews African Assets to Cut Costs as Oil Prices Tumble
Mauritania >> 11/12/2014 - Africa-focused oil and gas explorer Tullow Oil has placed some of its African offshore drilling projects under review as it plans to cut exploration costs to deal with the consequences of tumbling oil...
SBM Offshore Shares Jump as $240 Mln Bribery Case Settled
Angola >> 11/12/2014 - SBM Offshore NV has settled a bribery case with Dutch prosecutors for $240 million, including a $40,000 fine, sending shares in the Dutch oil platform leasing firm up more than 20 percent. The settlem...
Oil Market Highlights - November 14
Austria >> 11/12/2014 -  Crude Oil Price Movements
The OPEC Reference Basket averaged $85.06/b in October, representing a decline of $10.92 from the previous month. Nymex WTI dropped $8.83 to average $84.34/b a...
Swala Plans Share Purchase and Extends Closing Date
Australia >> 11/10/2014 - Swala Energy Limited (Swala) advises that, following its ASX announcement today regarding the positive developments in respect to the reassignment of its participating interest in its Kenyan 12B licen...
SKF Appoints Bernd Stephan VP, Group Technology Development
Sweden >> 11/6/2014 - SKF announces that Bernd Stephan has been appointed Senior Vice President, Group Technology Development. Bernd will assume his new role on 1 January 2015 and will be a member of SKF’s Group Management...
India Completes $900 mln Payment to Iran
Iran >> 11/5/2014 - Indian refiners completed payment of $900 million in frozen oil revenues to Iran under an interim deal that eased some sanctions against Tehran over its disputed nuclear work, said industry sources wi...
South Pars Gas Complex Revenues Hit $989m
Iran >> 11/5/2014 - South Pars Gas Complex has earned $989 million from producing more than 1.6 bcm of gas in the first half of the current calendar year which started on March 21, the SPGC managing-director said. ...
IMF Approves $5.24m under the Rapid Credit Facility for Guinea-Bissau
Guinea Bissau >> 11/3/2014 - The Executive Board of the International Monetary Fund (IMF) approved emergency financial assistance under the Rapid Credit Facility (RCF)1 equivalent to SDR3.55 million (about US$5.24 million) for Gu...
Antrim Energy Changes its Board and Management
Canada >> 11/3/2014 - Antrim Energy Inc. (Antrim), an international oil and gas exploration company announced that it is making significant changes to the composition of its board and management as part of a strategy desig...
P K Rao Takes over as Director (Operations) of ONGC Videsh
P K Rao Takes over as Director (Operations) of ONGC Videsh India >> 11/2/2014 - Pasala Krishna Rao has taken over as the Director (Operations) of India’s second most valuable E&P enterprise, ONGC Videsh. Mr. Rao, 55 years takes over the reins of Director (Operations) with effect ...
Shell Appoints Charles O. Holliday as Chairman
Shell Appoints Charles O. Holliday as Chairman Netherlands/Holland >> 10/30/2014 - The Board of Directors of Royal Dutch Shell plc appoints Charles O. Holliday as Chairman with effect from the conclusion of the 2015 Annual General Meeting (AGM), subject to his re-appointment as a Di...
Zambian President Sata Dies in London Aged 77
Zambian President Sata Dies in London Aged 77 Zambia >> 10/29/2014 - Zambian President Michael Sata has died in London, where he had been receiving treatment for an undisclosed illness, a government source in Africa's second-largest copper producer said. The private Mu...
Zambia's Scott Becomes Africa's First White Leader in 20 Years
Zambia's Scott Becomes Africa's First White Leader in 20 Years Zambia >> 10/29/2014 - Zambia's Guy Scott became Africa's first white head of state in 20 years after the president, "King Cobra" Michael Sata, died in a London hospital aged 77. Scott, a Cambridge-educated economist born i...
Key Operational Statistics for CNOOC Limited of Q3 2014
China >> 10/29/2014 - CNOOC Limited through its key operational statistics for the third quarter of 2014. ...
Bumi Armada Appoints Two Directors To its Board
Malaysia >> 10/28/2014 - Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad, announces the following appointments to its Board of Directors:

a) The appointment of Mr Shapoorji Pal...

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