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Petrobras and ExxonMobil Form Strategic Alliance
Brazil >> 12/14/2017 - Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. ...
SNC-Lavalin and Aramco Sign MoU Supporting In-country Opportunities
Saudi Arabia >> 12/13/2017 - SNC-Lavalin and Saudi Aramco signed a Memorandum of Understanding (“MoU”) signalling SNC-Lavalin’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom o...
Qatar Petroleum to Invest in Iraq's Energy Sector
Iraq >> 12/13/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil met with Mr. Mohammed Al-Saada the Qatari minister of energy and Mr. Saad Shreida Al-Kaabi the CEO of Qatar Petroleum on the sidelines of the meeti...
Hanwha Total Petrochemical Invests to Expand Its Polymer Production
South Korea >> 12/11/2017 - Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest more than $300 Million to expand its integrated refining & petrochemicals platform located in Daesan, South Korea. The ...
TechnipFMC Opens New Facility to Support Middle East Market
United Arab Emirates >> 12/11/2017 - TechnipFMC officially opened its fully capable Surface International Facility in ICAD II as part of its continued investment in the UAE to reinforce TechnipFMC’s leading position in delivering local s...
Saudi Arabia's SABIC Looking at Investing in U.S.
United States >> 12/6/2017 - Petrochemicals company Saudi Basic Industries Corp 2010.SE is considering several possible investments in the United States, while state oil giant Saudi Aramco is looking at gas prospects abroad, Saud...
Chevron Announces $18.3 Billion Capital and Exploratory Budget for 2018
United States >> 12/6/2017 - Chevron Corporation announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. ...
ADX Secures US$2 Million Investment to Commence Romanian Appraisal Program
Romania >> 12/4/2017 - ADX Energy has signed an agreement with Reabold Resources to invest US$2 million in the recently incorporated Danube Petroleum, currently a wholly-owned ADX subsidiary, which (upon completion of trans...
Exxon Eyes Egypt's Offshore Oil and Gas
Exxon Eyes Egypt's Offshore Oil and Gas Egypt >> 12/4/2017 - Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. ...
Uzbekistan Apt to Fund Petchem Projects in Iran
Iran >> 12/2/2017 - A senior Iranian petrochemical official says Uzbekistan has signaled willingness to invest in Iran's petrochemical projects especially in methanol-to-olefin ones. Uzbekistan apt to Fund Petchem Proje...
DUC Partners Approve Largest ever Danish North Sea Investment
Denmark >> 12/1/2017 - Maersk Oil announces that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Dan...
Lukoil Takes Final Investment Decision on Delayed Coker at Nizhny Novgorod Refinery
United Kingdom >> 11/30/2017 - PJSC LUKOIL announces that the final investment decision on the delayed coker complex at Nizhny Novgorod refinery was taken. The complex includes the construction of the delayed coker unit itself, the...
Wood and Saudi Aramco Sign MoU Supporting In-country Opportunities
Saudi Arabia >> 11/29/2017 - Wood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi...
Alexey Miller Briefs Vladimir Putin on Gazprom’s Preliminary Results for 2017
Russia >> 11/28/2017 - A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on...
SPC Approves Key Strategic Investments as ADNOC Expands 2030 Strategy
SPC Approves Key Strategic Investments as ADNOC Expands 2030 Strategy United Arab Emirates >> 11/27/2017 - The Supreme Petroleum Council (SPC), presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Vice-Chairman ...
Iraq Offers Nine Oil and Gas Blocks for Exploration near Iran, Kuwait Borders
Iraq >> 11/26/2017 - Iraq will invite foreign energy firms to bid for the exploration and development of nine new oil and gas blocks bordering Iran and Kuwait, the oil ministry said in a statement. ...
Gazprom Management Committee Approves Investment Program & Budget for 2018
Russia >> 11/23/2017 - The Gazprom Management Committee took note of the information about the Company’s preliminary operating results for 2017 and the projected investment program and budget (financial plan) for 2019–2020....
Angus Energy Raises £3,000,000 via Private Placement
United Kingdom >> 11/23/2017 - Angus Energy Plc, a conventional oil and gas production and development company, has successfully raised £3,000,000 (gross) by means of a private placement with institutional and private investors.
Bolivia Signs $1.6 bln in Gas Deals with Repsol and Petrobras
Bolivia >> 11/22/2017 - Bolivia’s government on Tuesday signed natural gas development deals with Spain’s Repsol, Brazil’s Petrobras, and Royal Dutch Shell that are expected to bring nearly $1.6 billion in investment into th...
Colombia's Ecopetrol to invest up to $4 bln in 2018
Colombia >> 11/22/2017 - Colombia’s state-run oil company Ecopetrol said on Wednesday it would invest between $3.5 billion and $4 billion during 2018, the majority in production and exploration projects. ...

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