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PGPIC Mulls Funding Dehdasht Petchem Plant
Iran >> 8/12/2018 - The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the company was considering investment in Dehdasht Petrochemical Project. PGPIC Mulls Funding Dehdasht Petchem Plan. ...
The Signature of the Gas Investment Contract of Nasiriya & Gharraf Fields
Iraq >> 8/2/2018 - Mr. Jabbar Ali Al-Luiebi the minister of oil declared the initiation of investment operations of the flare gas of Gharraf & Nasiriya fields in Thi-Qar governorate. ...
EIB Signs Euro 375m Areement with NBE to Support SMEs in Egypt
EIB Signs Euro 375m Areement with NBE to Support SMEs in Egypt Egypt >> 7/27/2018 - The European Investment Bank (EIB) has signed a financing agreement worth EUR 375 million with the National Bank of Egypt (NBE) to fund investments by small and medium-sized enterprises (SMEs) and mid...
Faw Investment Project will Improve the Economy of Basrah
Iraq >> 7/24/2018 - Mr. Jabbar Al-Luiebi the minister of oil confirmed on the keenness of Iraq to improve the refining sector and enforce its role… and Faw investment project is a significant step to achieve that. ...
LUKOIL Takes FID on the Rakushechnoye Field
Russia >> 7/22/2018 - LUKOIL has taken the final investment decision on the Rakushechnoye field development project in the Caspian Sea. The field infrastructure under the taken decision includes a fixed offshore ice-resist...
SDX Energy Signs Three Year $10M Credit Facility for Morocco
Morocco >> 7/18/2018 - SDX Energy Inc. (SDX) is pleased to announce that, through its subsidiary SDX Energy Morocco (Jersey) Limited, it intends to sign later a Facility Agreement with the European Bank for Reconstruction a...
Carlyle Seeks to Raise $4b for New Energy Fund
United States >> 7/17/2018 - Private equity firm Carlyle Group LP (CG.O) is looking to raise a $4 billion fund for investing in oil and gas assets outside North America, the Financial Times reported on Tuesday. ...
U.S. Warns of Sanctions Risk for Firms Invested in Russian Pipeline
Russia >> 7/11/2018 - Washington repeated a warning on Wednesday to Western firms invested in Russia’s Nord Stream 2 pipeline to Germany that they were at risk of sanctions, and said Moscow was using the project to divide ...
ADNOC Aims to Deepen Investment and Partnership with China
United Arab Emirates >> 7/9/2018 - His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) Group CEO, held a series of meetings with Chinese oil, gas, refining and petrochemical indust...
UK Oil & Gas Investments Completes £5 Million Institutional Placing
United Kingdom >> 7/2/2018 - AIM-listed UK Oil & Gas Investments (UKOG) has announced that it has raised gross proceeds of £5 million via a placing including two institutional investors. ...
GE Focuses Portfolio for Growth & Shareholder Value Creation
United States >> 6/26/2018 - GE announced the results of its strategic review. GE will focus on Aviation, Power and Renewable Energy, creating a simpler, stronger, leading high-tech Industrial company. In addition to the pending ...
New Investment Models Needed to Boost MENA Oil, Gas Competitiveness
United Arab Emirates >> 6/23/2018 - New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna last J...
Eni Says to Make $3B New Investment in Egypt's Zohr & Nooros Fields
Eni Says to Make $3B New Investment in Egypt's Zohr & Nooros Fields Egypt >> 6/21/2018 - Italian energy company Eni has so far invested $8.4 billion in Egypt's offshore Nooros and Zohr gas fields and is planning to make a $3 billion new investment in the near future, CEO Claudio Descalzi ...
Lamprell Provides Update on Saudi Strategy
Saudi Arabia >> 6/18/2018 - Lamprell announces an update on its strategy in Saudia Arabia and the development of its local presence in the Kingdom. Lamprell's investment into Saudi Arabia is core to the Group's growth strategy w...
World Bank Approves $125M Financing for Morocco Solar Power Complex
World Bank Approves $125M Financing for Morocco Solar Power Complex Morocco >> 6/11/2018 - The World Bank announced US$125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of developing the country’s world-class solar and wind...
Algeria Hires U.S Law Firm to Help With New Energy Law
Algeria >> 6/4/2018 - Algeria has hired U.S. law firm Curtis, Mallet-Prevost, Colt & Mosle LLP and other consultancies to help with a new energy law aimed at attracting much-needed investment, the CEO of state energy firm ...
Major Investment in Global Subsea Campus Announced
Scotland >> 5/30/2018 - First Minister Nicola Sturgeon announced £4.9 million in funding as part of a £31 million investment being made by Baker Hughes, a GE company (BHGE), in its manufacturing footprint in the North East o...
Total Launches Zinia 2 Development in Deep Offshore Block 17
Angola >> 5/28/2018 - Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production ...
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...

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