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Statoil Invests NOK 20 Billion in New Projects
Norway >> 3/27/2017 - New technology and project improvements trigger new investments on the Njord and Bauge fields in the Norwegian Sea. Statoil, on behalf of the partnerships in the licences, today submits the plans for ...
$1.7 Billion Investment to Expand Total’s Petrochemicals Activities in Texas
United States >> 3/27/2017 - Total is entering a partnership with Borealis and Nova to form a joint venture with the aim of building an ethane steam cracker and a new Borstar® polyethylene unit on the US Gulf Coast. Total is expe...
EU plus Norway Stock Movements - March 2017
EU plus Norway Stock Movements - March 2017 Norway >> 3/23/2017 - Preliminary data for January shows European total stocks rose by 21.5 mb to stand at 1,150 mb, which is 17.9 mb, or 1.5%, lower than the same time a year ago, but remained 52.6 mb, or 4.8%, higher tha...
Jacobs to Lead Concept Design for New Agribusiness Innovation Hub in Australia
Australia >> 3/22/2017 - Jacobs Engineering Group Inc. (JEC) has been appointed by Fucheng Investment Australia (FIA) to lead the conceptualization, planning and design of a regional center of agribusiness innovation in Austr...
Maersk Welcomes Agreement Encouraging a Full Redevelopment of Tyra Field
Denmark >> 3/22/2017 - Maersk Oil has, on behalf of the Danish Underground Consortium (DUC), reached an agreement with the Government of Denmark which will facilitate future oil and gas investments in the Danish North Sea a...
Tullow Hits Shareholders with Surprise Cash Call to Cut Debt
Uganda >> 3/17/2017 - Africa-focused Tullow Oil took investors by surprise with plans for a $750 million (605.33 million pounds) rights issue to help it pay down heavy debts amassed during the oil price downturn. Tullow sh...
Talks with the New Head of the EU Delegation to Egypt
Talks with the New Head of the EU Delegation to Egypt Egypt >> 3/17/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Ambassador Ivan Surkos, the new Head of the EU Delegation to Egypt, where they reviewed mutual cooperation in the energy domai...
SMA Solar Technology Renews Investment in U.S
United States >> 3/17/2017 - In an exciting step forward, SMA Solar Technology announced that it will renew its investment in the U.S. with the addition of two new executives, and plans to add many new employees with a major hiri...
Saudis Study $65 Billion in China Investments During King's Trip
China >> 3/16/2017 - Saudi Arabian Oil Co. may deepen investment in China’s oil industry as part of $65 billion worth of potential deals signed between the two countries in everything from energy to manufacturing and a th...
ABB Unveils $60 Million Technology Investment for US Market
United States >> 3/14/2017 - ABB unveiled its latest electrical innovations for the US market, resulting from research and development, and operational investments of more than $60 million. The investments for power distribution ...
Stock Movements - March 2017
Austria >> 3/14/2017 - OECD commercial oil stocks rose in January to stand at 3,006 mb, 278 mb above the latest five-year average. Crude and products indicate a surplus of 209 mb and 69 mb above the seasonal norm, respect...
Companies to Invest $3.3 billion in Solar Projects in Vietnam's Daklak Province
Vietnam >> 3/11/2017 - Vietnam's Daklak province granted licences and signed memorandums of understanding for the development of several solar power projects worth a combined $3.3 billion. ...
AFC Invests $25m in Egypt's Carbon Holdings
AFC Invests $25m in Egypt's Carbon Holdings Egypt >> 3/10/2017 - Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals compa...
Sinopec to Boost Fine Chemicals Investment at Maoming Refining Hub
China >> 3/9/2017 - Sinopec Corp plans to boost investment in fine chemicals at its Maoming-Zhanjiang refining base in southern China alongside partners like Germany's BASF, a senior executive said in an interview on Thu...
China Stock Movements - February 2017
China Stock Movements - February 2017 China >> 3/8/2017 - The latest information for China showed total commercial oil inventories fell slightly by 0.4 mb in December to stand at 362.8 mb, which is 21.3 mb lower than the previous year. Within the components,...
Iran Says It ‘Understands’ Total’s Concerns
Iran >> 3/7/2017 - Iran says it understands why Total had to delay a decision to go ahead with the development of a key gas project in the country until the position of the new US administration toward foreign investmen...
MOP in Talks with Investors to Attract $85b of Finance
Iran >> 3/7/2017 - Deputy Minister of Petroleum in International Affairs and Trading Amir Hossein Zamaninia said the Iranian Ministry of Petroleum is in talks with investors to sign 25 deals valued at 85 billion dollars...
OGUK Publishes Business Outlook Report 2017
United Kingdom >> 3/7/2017 - The UK offshore oil and gas industry is now in better shape to compete for much-needed investment and confidence is slowly returning to the UK Continental Shelf (UKCS) following an intensive two-year ...
Oranto Launches $500m Oil Exploration Campaign in South Sudan
South Sudan >> 3/6/2017 - Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately. The Ministry of Petroleum and Oranto Petroleum Company...
Exxonmobil Plans Investments of $20 Billion in US Gulf Region
United States >> 3/6/2017 - Exxon Mobil Corporation is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period to take advantage of the American energy revo...

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