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ADNOC & JBIC Sign an MoU & Loan Agreement
United Arab Emirates >> 11/4/2010 - Abu Dhabi National Oil Company (ADNOC) and The Japan Bank for International Cooperation (JBIC) have signed a Memorandum of Understanding and a Loan Agreement valued up to 3 billion US dollars in Abu D...
Cove Energy Raises £110 Million and Updates Operations
Mozambique >> 11/4/2010 - Cove Energy announces placing to raise £110 million and updates operations in Mozambique, Tanzania and Kenya. ...
FAR Raise $34 M to Fund West African Drilling
Senegal >> 10/29/2010 - FAR Limited is pleased to advise that it will raise up to $34 million to fund the drilling of FAR’s interest in the Kora Well, and possible follow up drilling, in the AGC Profond block offshore Guinea...
ADNOC to Spend $5 Billion on Onshore Projects
United Arab Emirates >> 10/28/2010 - Abu Dhabi National Oil Company (ADNOC) plans to spend $5 billion until 2016 to boost oil output from its onshore operations to 1.8 million barrels per day (bpd), a senior executive said. ...
Contract to Develop Farzad B Gas Field Singing Soon
Iran >> 10/25/2010 - "The contract to develop Farzad B gas field will be signed with a foreign company soon" managing director of the National Iranian Offshore Oil Company (NIOOC) announced. ...
Shell Launches Phase II of Parque Das Conchas
Brazil >> 10/22/2010 - Shell announces investment to support phase II of the prolific Parque das Conchas (BC-10) project more than 100 kilometres (62 miles) off the coast of Brazil. This significant investment develops the ...
Abu Dhabi & Siemens Intensify Alliance with Masdar
United Arab Emirates >> 10/19/2010 - Siemens to establish Middle East Headquarters in Masdar City and to collaborate on research and development of future energy technologies ...
Nord Stream Request for Phase II Financing to Banks
Russia >> 10/19/2010 - Nord Stream AG can confirm that Request for Proposals (RFP) for the raising of senior debt for financing Phase II development have now been issued to the commercial bank market. ...
Acceleration of Kurdistan Drilling Activity
Iraq >> 10/18/2010 - Gulf Keystone Petroleum Ltd. the Kurdistan focused independent oil and gas exploration company, is pleased to announce it has successfully raised through Mirabaud Securities LLP gross proceeds of £109...
Investment Decision Preparation on Shtokman Phase 1
Russia >> 10/12/2010 - The Company’s headquarters hosted a working meeting moderated by Alexey Miller and devoted to development of the Shtokman gas and condensate field. ...
34 Blocks on Offer Under NELP_IX
India >> 10/8/2010 - Shri Murli Deora, Minister of Petroleum and Natural Gas has informed that under the ninth round of NELP, Government of India will be offering 34 blocks from 10 sedimentary basins. Speaking at the Curt...
ERHC to Raise Capital in Registered Direct Offering
Guinea >> 10/7/2010 - ERHC Energy, a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, has announced that it has entered into a definitive agree...
Ghana Signs $13 Billion Loan Deals
Ghana >> 9/23/2010 - Ghana signed nearly $13 billion worth of loan deals with Chinese investors, the government said on Wednesday, announcing one of China's largest financial commitments in Africa to date. The accords, si...
EBRD, EIB and IFC Start Appraisal of Nabucco
Turkey >> 9/6/2010 - A mandate letter has been signed by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), IFC - a member of the World Bank Group -, the shareholders of Nabuc...
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 ...
KazMunaiGas Exploration Production 1H 2010 Results
Kazakhstan >> 8/23/2010 - KazMunaiGas Exploration Production ("KMG EP" or "the Company") released its condensed consolidated interim financial statements for the six months ended June 30, 2010. ...
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...

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