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BP Reports Nearly $400 Million in Claims Payments
United States >> 8/23/2010 - BP, which has transitioned its individual and business claims program to the Gulf Coast Claims Facility (GCCF), said today it made claim payments of nearly $400 million during the 16 weeks it managed ...
BP Provides $52m to Fund Behavioral Health Support
United States >> 8/16/2010 - BP announced that it is providing $52 million to federal and state health organizations to fund behavioral health support and outreach programs across the US Gulf Coast region. ...
BP Forms Gulf of Mexico Oil Spill Escrow Trust
United States >> 8/9/2010 - BP announced that it has established a trust and made a $3 billion initial deposit of the previously-announced $20 billion escrow account to pay legitimate claims arising from the Deepwater Horizon in...
Mitsui to Book Losses From BP Oil Leak
United States >> 8/2/2010 - Mitsui & Co is expected to incur a one-time charge of several billion yen for the April-June quarter related to losses stemming from BP Plc's oil spill in the Gulf of Mexico, the Nikkei business daily...
PetroChina to Invest 30% in Indonesia in 2010
Indonesia >> 5/3/2010 - Chinese oil and gas firm PetroChina is increasing investment in oil and gas exploration and development in Indonesia through its local subsidiary by 30 percent this year to boost oil lifting and count...
RWE to Spend Up to $80 m on Turkmen Exploration
Turkmenistan >> 4/21/2010 - Germany's RWE will spend $60-80 million in the next four years on the exploration of a Turkmen offshore gas block, the head of RWE's Turkmen branch said. ...
Sakhalin Hopes S.Korea to Invest $2.1 bn in Deals
Russia >> 4/14/2010 - Russia's Sakhalin government said the energy and resource rich state hopes to attract $2.1 billion of investments from South Korean firms for its $4.8 billion of 15 energy, natural resource and constr...
Tullow Uganda Expects to Invest $150-$200 m in 2010
Uganda >> 3/25/2010 - London-based explorer Tullow Oil Plc plans to drill at least 10 wells in Uganda this year and invest around $150-$200 million in exploration and production as interest in the country's oil sector heat...
Eni May Help Finance Kazakh Energy Projects
Kazakhstan >> 3/25/2010 - Eni SpA may arrange financing for six energy projects in Kazakhstan in exchange for development rights to Caspian oil fields, said Galimzhan Amanturlin, a managing director at KazMunaiGaz National Co....
AfDB Approves $225 m Loan for ERC
Egypt >> 3/19/2010 - The African Development Bank (AfDB) Group has approved a USD 200-million senior loan and a US$ 25-million Subordinated Convertible Loan to the Egyptian Refining Company (ERC). ...
South Africa's Zuma Visits Uganda with Oil Investors
Uganda >> 3/18/2010 - South Africa President Jacob Zuma will visit Uganda on March 25 with a business delegation to scout for investment opportunities in the country's budding oil sector, a senior government official said....
Turkmen See 2010 Foreign Energy Investment Up 46%
Turkmenistan >> 3/2/2010 - Turkmenistan, Central Asia's largest gas producer, said it expected foreign energy investment, which is almost all under production sharing agreements (PSAs), to rise by more than 46 percent this year...
Dominion Petroleum Prepares $50 m Share Placing
Uganda >> 3/1/2010 - Dominion Petroleum is preparing a $50 million share placing to finance a drilling campaign in Uganda, the Financial Times reported. ...
Nigeria Says Total Invest $20 bn in Gas, Deepwater
Nigeria >> 2/23/2010 - Total and its partners will invest $20 billion in deepwater oil and gas exploration in Nigeria over the next four to five years, the country's acting president and the French firm said. ...
Uganda Needs $8 bn to Develop Oil Industry
Uganda >> 2/18/2010 - Uganda will need $8 billion in investments in the next decade to develop its newly discovered oil and gas resources and bring them to the marketplace, a senior government official said. ...
Russia's LUKOIL Eyes Uganda's Oil Industry
Uganda >> 2/8/2010 - Russia's LUKOIL plans to invest in Uganda's nascent petroleum industry as foreign interest in the country's newly found oil continues to mount, a statement from the Ugandan president's office said. ...
Chevron Unit to Spend $15.2 bn to Boost Oil Output
Kazakhstan >> 1/25/2010 - TengizChevroil LLP, the Kazakh oil venture led by Chevron Corp., plans to invest $15.2 billion to boost oil output at the country’s largest producing field from 2016, KazMunaiGaz National Co. said. ...
Total Group to Invest Up to $2 bn in Algeria Field
Algeria >> 1/17/2010 - Algerian state firm Sonatrach and a consortium led by Total will invest between $1.5 and $2 billion in Algeria's Ahnet gas permit by 2014, the North African country's Energy Ministry said. ...
Kosmos Pushes 09 Capital Raise to More Than $1 bn
Ghana >> 1/13/2010 - Kosmos Energy announces that the company’s 2009 capital raise exceeded US$1 billion. The amount includes US$825 million in project finance debt facilities committed by international financial and bank...
SABIC Signs an Agreement for the Issuance of Bonds
Saudi Arabia >> 12/30/2009 - Following the approval of the Saudi Capital Market Authority, the Saudi Basic Industries Corporation (SABIC) signed an agreement for private bond placement with the Public Investment Fund (PIF) on Dec...

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