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Melbana Energy Signs LOI with China's AGMI for Cuba Block 9 Farmout
Cuba >> 10/8/2018 - Melbana Energy has signed a non-binding Letter of Intent (LOI) with Anhui Guangda Mining Investment ('AGMI') with respect to its Block 9 Production Sharing Contract in Cuba. ...
Estimated Investments Reduced by NOK 30B for Projects in the Implementation Phase
Norway >> 10/8/2018 - Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion since the development plans were submitted to Nor...
Shell Gives Green Light to Invest in LNG Canada
Canada >> 10/2/2018 - Shell Canada Energy, an affiliate of Royal Dutch Shell plc, has taken a final investment decision (FID) on LNG Canada, a major liquified natural gas (LNG) project in Kitimat, British Columbia, Canada,...
Qatar Petroleum CEO Holds Cooperation Talks in Islamabad with Prime Minister Khan
Pakistan >> 9/29/2018 - Qatar Petroleum President and CEO Saad Sherida Al-Kaabi held talks in Islamabad with H.E. Mr. Imran Khan, the Prime Minister of the Islamic Republic of Pakistan, on cooperation in the field of energy....
Total, Borealis & NOVA Chemicals Take FID for New Unit
United States >> 9/25/2018 - Bayport Polymers, LLC a 50/50 joint venture owned by Total S.A. (“Total”) and Novealis Holdings LLC, itself a joint venture of Borealis AG (“Borealis”) and NOVA Chemicals Inc. (“NOVA Chemicals”) – ann...
Saudi Aramco to Spend over $133b on Drilling over Next Decade
Saudi Arabia >> 9/17/2018 - State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday. ...
UAE's Brooge Petroleum Plans to Float 40 pct in London IPO
United Arab Emirates >> 9/16/2018 - The United Arab Emirates Brooge Petroleum & Gas Investment Co. plans to float 40 percent of its capital on the London Stock Exchange in October, BPGIC Chief Executive Officer Nicolaas Paardenkooper sa...
Gazprom & JBIC Discuss Cooperation Prospects
Russia >> 9/12/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, Governor of Japan Bank for International Cooperation (JBIC), took place today at the 4th Easte...
Total ?South Pars Investment to Stay in Iran
Iran >> 9/9/2018 - Iranian Minister of Petroleum Bijan Zanganeh said Total was not expected to pay a fine to Iran, but the amount that the company had already spent in South Pars Phase 11 project would not be repaid unt...
ITFC Implements $3B through 2 Financing Agreements to Support Egypt
ITFC Implements $3B through 2 Financing Agreements to Support Egypt Egypt >> 9/6/2018 - The International Islamic Trade Finance Corporation (ITFC) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General P...
Gazprom Begins Start-up Operations at Third Gas Production Facility of Bovanenkovskoye Field
Russia >> 9/5/2018 - The Gazprom Management Committee took note of the information about the progress of major investment projects. ...
LyondellBasell & Covestro Kick-off Circular Steam Project in Maasvlakte
Netherlands/Holland >> 9/4/2018 - LyondellBasell (LYB) one of the world's largest plastics, chemical and refining companies and its joint venture partner Covestro, one of the world's largest polymer companies, kicked-off a large inves...
Nigeria's Presidency Rebuffs Landmark Oil Reform Bill in Current Form
Nigeria >> 8/29/2018 - Nigeria’s presidency rebuffed a landmark oil industry reform law because of issues with its current form, the executive said on Wednesday, marking a setback for plans to reinvigorate investment in Afr...
Aramco’s Planned $100B IPO On Hold
Saudi Arabia >> 8/29/2018 - The king spoke, and a $2-trillion dream went up in smoke. ...
Equinor to Invest More Than $15B in Brazil Until 2030
Equinor to Invest More Than $15B in Brazil Until 2030 Brazil >> 8/29/2018 - With daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than 15 billion USD until 2030, Brazil has become a core area for Equinor. ...
Egypt & Vietnam Ink Petroleum MoU
Egypt & Vietnam Ink Petroleum MoU Egypt >> 8/28/2018 - President Abdel Fattah El Sisi and his Vietnamese counterpart Tran Dai Quang witnessed the signing of several deals and memorandums of understanding aimed at promoting cooperation between the two coun...
Sonatrach CEO in Peru to Discuss Investment & Partnership
Algeria >> 8/28/2018 - Sonatrach CEO , Abdelmoumen Ould Kaddour, begins in Lima (Peru) a working visit to discuss partnership and investment with senior officials of the Peruvian energy sector, we learned from the oil and g...
DEA to Invest more than 2B Euros in Norwegian O & G Business
Norway >> 8/27/2018 - Norway is already the strongest production country in DEA’s global portfolio. Further growth projects are planned to come on stream from 2020 on. Most important project is the development of the own o...
Foreign Oil & Gas Investments in Egypt Hit $10B in 2017-2018
Foreign Oil & Gas Investments in Egypt Hit $10B in 2017-2018 Egypt >> 8/24/2018 - Foreign investment in Egypt’s oil and gas sector rose to $10 billion in the 2017-2018 financial year, Petroleum Minister Tarek El Molla said in an interview with state-run Al Ahram newspaper published...
Norton Rose Fulbright Advises on MIGA Backed Financing Investment in TANAP
Azerbaijan >> 8/17/2018 - Global law firm Norton Rose Fulbright has advised a consortium of lenders on a Multi-Lateral Investment Guarantee Agency (MIGA) financing. The lenders comprise AKA Bank, Citibank, Credit Agricole CIB,...

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