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EBRD Finances Upgrade of Egypt’s Suez Refinery
EBRD Finances Upgrade of Egypt’s Suez Refinery Egypt >> 5/23/2018 - Supporting the modernisation of Egypt’s oil industry, the EBRD is providing a US$200 million for major investments in energy efficiency and refurbishment of the oil refinery owned by Suez Oil Processi...
Swala Extends The 2nd &3rd Closing Dates of Orca Investment
Tanzania >> 5/14/2018 - Swala Oil & Gas (Tanzania) plc announced that Orca Exploration Group Inc. (“Orca”) has agreed to an additional extension to the date by which the second closing and third closing of the previously ann...
ADNOC Announces AED 165B Investment Plan to Become Leading Downstream Player
ADNOC Announces AED 165B Investment Plan to Become Leading Downstream Player United Arab Emirates >> 5/13/2018 - The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest AED 165 billion (US $45 billion) alongside partners, over the next five years, to become a leading global downstream player, enablin...
Gas Supplier VNG's Norwegian Energy Unit Attracts Buyout
Norway >> 4/27/2018 - German gas supplier VNG is attracting interest from private equity-backed energy firms including Chrysaor and Point Resources for its Norwegian Norge oil and gas business, which could fetch up to $500...
Aker Solutions Upgrades Aberdeen Site
United Kingdom >> 4/26/2018 - Aker Solutions officially opens its upgraded Aberdeen services facility to help capture subsea sector growth in the UK and elsewhere. ...
Egypt & European Union Signed a Strategic Cooperation in Energy
Egypt & European Union Signed a Strategic Cooperation in Energy Egypt >> 4/23/2018 - In the context of Climate Action and Energy Commissioner Miguel Arias Canete’s visit to Egypt, the first ever EU-Egypt Sustainable Energy Forum took place in Cairo. The Forum counted with the presence...
Egypt Aims for $10 bln Foreign Investment in Oil, Gas in 2018/19
Egypt Aims for $10 bln Foreign Investment in Oil, Gas in 2018/19 Egypt >> 4/22/2018 - Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said. ...
Gazprom Neft Reviews Investment Programme Performance in 2017
Russia >> 4/20/2018 - The Gazprom Neft Board of Directors has reviewed information on the company’s budgetary and investment programme performance in 2017. ...
ADNOC to Unveil New Investment Opportunities at Downstream Investment Forum in May 2018
United Arab Emirates >> 4/16/2018 - The Abu Dhabi National Oil Company (ADNOC) plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and investment opportunities...
Statoil Announces Big Investments in the North
Norway >> 4/13/2018 - Johan Castberg, Polarled, Aasta Hansteen, Snefrid Nord, Askeladd and the exploration campaign in the Barents Sea; multi-billion investments are lined up. This creates spin-offs. Thanks to the contract...
ADNOC Mulls Downstream Opportunities Abroad with Aramco
United Arab Emirates >> 4/11/2018 - Abu Dhabi National Oil Co (ADNOC) is in talks with several partners, including Saudi Aramco, for possible downstream joint ventures abroad, particularly in Asia, industry sources with knowledge of the...
KBR Moving Up the Value Chain in Singapore
Singapore >> 4/10/2018 - KBR, Inc. (KBR) announced it will continue to grow its business in Singapore. Supported by the Singapore Economic Development Board (EDB), KBR will develop the Singapore office into its Asia Pacific R...
Aramco Signs $12B Commercial Cooperation with French Companies
Aramco Signs $12B Commercial Cooperation with French Companies Saudi Arabia >> 4/10/2018 - Saudi Aramco participated in the Saudi-France CEO Forum held in Paris to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official vis...
MENA Region to Invest US$574B in Critical Energy Projects
United Arab Emirates >> 4/2/2018 - The MENA region has already committed US$345 billion to critical energy projects under execution while an additional $574bn worth of development is planned over the next five years, bringing total com...
ADX Finalises $2m Investment in Parta Appraisal Program
Romania >> 3/28/2018 - ADX Energy Ltd has finalised the agreement announced on the 4th of December 2017 with Reabold Resources Plc (Reabold) to invest US$2 million in the recently incorporated Danube Petroleum Limited (Danu...
World Bank to Help Mauritania Manage Great Tortue Ahmeyim
Mauritania >> 3/28/2018 - The World Bank approved on March 16th, a $20 million International Development Association (IDA)* grant to Mauritania to enhance the country’s capacity to negotiate investment agreements for developin...
Total Becomes a Founding Partner of the Cathay Smart Energy
China >> 3/27/2018 - Total Energy Ventures (TEV), Hubei High Technology Investment Guiding Fund Management Co (‘Hubei High Tech’), and Cathay Capital have signed a Heads of Agreement to launch the Cathay Smart Energy Fund...
Saudi Aramco Announces $10B Partnerships with 14 American Companies
Saudi Arabia >> 3/27/2018 - Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official vi...
Siemens & Atos Reinforce Their Strategic Cooperation
Denmark >> 3/26/2018 - Siemens and Atos today announce the reinforcement of their strategic co-operation, with plans to accelerate their joint business until 2020 through an ambitious joint go-to-market plan and the strengt...
Algeria Vows Tax Reform in Energy Sector
Algeria >> 3/25/2018 - Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP and Anadarko to exploit its shale gas reserves,...

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