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TransAtlantic Secures Revolving Credit Facility
Turkey >> 12/21/2009 - TransAtlantic Petroleum Ltd. announced that the Company's wholly owned subsidiaries, Petroleum Exploration Mediterranean Pty. Ltd., DMLP, Ltd., Talon Exploration, Ltd. and TransAtlantic Turkey, Ltd., ...
Egypt Says Apache to Invest $1 bln in W. Desert
Egypt >> 12/12/2009 - U.S. Apache Corp has agreed to invest an additional $1 billion in Egypt on gas and oil exploration, the oil minister said. Oil Minister Sameh Fahmy said the $1 billion will be invested in Egypt's West...
Verenex Securityholders Approve Arrangement of LIA
Libya >> 12/11/2009 - Verenex Energy Inc is pleased to announce that at the special meeting of its securityholders held, the previously announced plan of arrangement was approved by more than 99.95% of the votes cast by th...
TNK to Expand Its Investment Program Up to $4 bln
Russia >> 12/9/2009 - The investment program of TNK-BP will be increased up to $4 billion in 2010, Viktor Vekselberg, Executive Director of TNK-BP, said to journalists. “We will increase our investment program up to approx...
Total to Spend $18 bln in 2010, Add Partnerships
France >> 12/1/2009 - Total SA, Europe’s third-largest oil producer, plans to keep investment stable at about $18 billion next year as it seeks to work more closely with Chinese, Russian and Brazilian competitors to raise ...
U.S. Firms Want to Invest in Turkmen Gas Fields
Turkmenistan >> 11/17/2009 - The United States urged Turkmenistan to allow its companies to invest in onshore Turkmen gas deposits including South Iolotan, a giant field seen as a key future source of Caspian energy. ...
Iran Plans $40 Billion for Gas Field Development
Iran >> 11/1/2009 - Iran estimates that investments of $40 billion are needed to develop remaining phases of its South Pars natural gas field within 10 years, the head of the state Pars Oil and Gas Company was quoted as ...
TNK-BP Will Invest $180 m in 2010 into Russkoe
Russia >> 10/21/2009 - TNK-BP is going to invest $180 million into development of the Russkoe field, Sergey Biryukov, head of the Russkoe project, said to the press. Mr. Biryukov reminded that on October 8, the Board of Dir...
Rospan May Invest $5 bln into Yamalo-Nenets
Russia >> 10/20/2009 - The closed joint-stock company Rospan International, a subsidiary of TNK-BP producing gas in two areas in the Yamalo-Nenets Autonomous District, may invest $5 billion into the region for increasing it...
Cairn Completes $1.6 bln Financing for Rajasthan
India >> 10/14/2009 - Cairn India, which started production from the world class Mangala Field in Rajasthan on 29 August, 2009 and delivered its first volumes of crude oil to MRPL on 8 October, 2009 has achieved another ma...
Directors of TNK-BP Endorses $1 bln in Investment
Russia >> 10/9/2009 - TNK-BP announced important investment decisions made at the meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies. The meeting was chaired ...
Sakhalin Secures an Additional $ 1.4 Bln in Russia
Russia >> 10/7/2009 - Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) has secured an additional $1.4 billion in project financing, bringing the total Phase 2 project financing up to $6.7 billion. ...
EBRD $8m Loan for 1st Phase of Russian Oilfield
Russia >> 12/29/2008 - The EBRD has agreed to provide a five-year loan of $8 million to finance the initial development of an Arctic oilfield in the Komi Republic in the northeast part of European Russia by a small independ...
SIIG Announces The Signing of a Loan Agreement with The Public Investment Fund for its Third Project
Saudi Arabia >> 12/24/2008 - SIIG announces that the Saudi Polymers Company, its third project, which is being developed jointly with Chevron Phillips Chemical Co, signed a financing agreement for (3,000) Million Saudi Riyals wit...
Universal to Acquire a 30% Carried Interest in Off-Shore Namibian Oil and Gas Exploration Licence
Namibia >> 6/24/2008 - Universal Power entered into a Letter of Intent (“LOI”) to acquire a 30% carried interest in Petroleum Exploration Licence 2815 offshore Namibia. The Company will pay US $1,500,000 for the interest up...
Addax Petroleum Acquires Shallow Water Exploration License in Nigeria
Nigeria >> 6/11/2008 - Addax Petroleum Corporation awarded a 40 percent interest in Oil Prospecting License (“OPL”) 227, offshore Nigeria. Addax Petroleum’s co-participants in the OPL227 license area are Express Petroleum ...
Dana Gas investing over US$ 500 million in 2008
United Arab Emirates >> 5/18/2008 - Dana Gas PJSC announced investments of over US$ 500 million this year in the Company’s projects in Northern Iraq, Egypt and the UAE. Dana Gas posted revenues of over AED 1 billion in 2007 which was it...
In search of partnership in Egypt
Egypt >> 4/15/2008 - Rezex a trading company specializing in the field of Petroleum Products and Bi-Products is in search of a partnership within Egypt for the acquisition, operation, and production of an Egyptian Governm...
IFC to Loan US $25 Million for Oil & Gas Projects in Pakistan, Egypt
Egypt >> 5/25/2006 - The International Finance Corporation has signed a $25 million financing package for Rally Energy Corp. to support upstream oil and gas projects in Egypt and Pakistan. With its investment, IFC will he...
Dubai oil group eyes £600m float
United Arab Emirates >> 6/9/2005 - Thani Investments, the Dubai oil, property, mining and power group, is considering listing oil assets worth up to £600m in London in a stock market flotation.

The move is being mooted as th...

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