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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...
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 ...

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