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Addendum to Natural Gas Purchase & Sale Contract
Azerbaijan >> 1/24/2012 - On January 23, Azerbaijani SOCAR and Gazprom sign addendum to natural gas purchase and sale contract, which was initially concluded on October 14, 2009, with presence of Azerbaijani and Russian Presid...
Gazprom Doubling Azerbaijani Gas Purchase
Azerbaijan >> 1/23/2012 - In Krasnaya Polyana Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR) signed in the presence of Russi...
Increase in Russian Gas Supplies to Kazakhstan
Kazakhstan >> 1/17/2012 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Zautbek Turisbekov, Ambassador Extraordinary and Plenipotentiary of the Repu...
Rialto Secures $20 Million Investment from IFC
Rialto Secures $20 Million Investment from IFC Ivory Coast (Cote D'Ivoire) >> 1/16/2012 - Rialto Energy Limited is pleased to announce that it has reached in principle agreement with the International Finance Corporation (IFC), for a proposed investment of approximately US$20 million, via ...
Nigeria's Strike Ends for Moment
Nigeria's Strike Ends for Moment Nigeria >> 1/16/2012 - Unions in Nigeria suspended strikes to allow further negotiations with the government after President Goodluck Jonathan announced a cut in petrol prices. Nigeria's fuel regulator removed the fuel subs...
Masdar, Devt Bank Japan to Invest in Renewables
Masdar, Devt Bank Japan to Invest in Renewables United Arab Emirates >> 1/16/2012 - Abu Dhabi government-owned green energy firm Masdar plans to invest jointly with Development Bank of Japan in solar and wind projects in OECD countries as part of a strategy to diversify the energy mi...
Sudan Confiscates Some Oil Exports from South Sudan
Sudan Confiscates Some Oil Exports from South Sudan Sudan >> 1/15/2012 - Sudan said it has started confiscating some oil exports from South Sudan that it believes it is owed to meet unpaid transit fees but will not shut down a pipeline carrying the southern state's oil. Th...
China's Wen Presses Saudi Arabia for Oil Access
Saudi Arabia >> 1/15/2012 - Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said against a backdrop of growing tension over Iran and worries ov...
Sabic Signs Cooperation Agreement with Sinopec
Saudi Arabia >> 1/15/2012 - Under the patronage of Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, and in the presence of China Prime Minister Wen Jiabao, the Saudi Basic Industries Corporation (SABIC) and the Chi...
Aramco Aims to Lift Refining Capacity to 8 Mln Bpd
Aramco Aims to Lift Refining Capacity to 8 Mln Bpd Saudi Arabia >> 1/14/2012 - Saudi Aramco expects to raise its refining capacity to 8 million barrels per day (bpd) as it increases downstream investments, its chief executive officer said, after signing a $10 billion refinery de...
South Sudan Signs First Oil Deals since Independence
South Sudan Signs First Oil Deals since Independence Sudan >> 1/13/2012 - South Sudan signed its first oil deals with foreign nations since it won independence last July, inking agreements with Chinese, Indian and Malaysian firms, officials said. Oil revenues make up 98 per...
Aramco Trading Starts Commercial Operations
Saudi Arabia >> 1/11/2012 - Aramco Trading, a wholly-owned company subsidiary, geared up and began commercial operations Jan. 1, 2012, as Saudi Aramco’s downstream investment portfolio expands in-Kingdom and overseas. Formally e...
Nigerians Strike and Protest over Fuel Subsidy Cut
Nigerians Strike and Protest over Fuel Subsidy Cut Nigeria >> 1/9/2012 - Thousands of Nigerians took to the streets across Africa's top oil producing nation, launching an indefinite nationwide strike to protest against the axing of fuel subsidies. Shops, banks and petrol s...
Tower Resources Announces Financing and Uganda Update
Uganda >> 1/6/2012 - Tower Resources PLC, the AIM listed company with exploration assets in offshore Namibia and Uganda, is pleased to announce that it has entered into an £8m Standby Equity Distribution Agreement (SEDA) ...
Japan Mulls Cuts in Iran Oil Imports to Win US Sanctions Waiver
Japan Mulls Cuts in Iran Oil Imports to Win US Sanctions Waiver Iran >> 1/5/2012 - Japan is weighing various ways of securing a waiver on new U.S. sanctions against Iran, with reducing Iranian oil imports and dealings with its central bank possible options, government sources said. ...
Iraq Delays 4th Energy Auction to Apr 2012
Iraq Delays 4th Energy Auction to Apr 2012 Iraq >> 1/4/2012 - Iraq has delayed its 4th energy bidding round to April 11-12, when 12 new gas and oil exploration blocks will be auctioned to international energy firms, a senior oil ministry official said. The aucti...
Shell Eyes Possible South Sudan Opportunities
Shell Eyes Possible South Sudan Opportunities Sudan >> 1/3/2012 - Royal Dutch Shell Plc said it is eyeing potential opportunities in South Sudan, which last July broke away from Khartoum, taking with it two-thirds of Sudan's 500,000 barrels per day of oil production...
Russia Cuts Sakhalin-1 2012 Funds to $2.89 Billion
Russia Cuts Sakhalin-1 2012 Funds to $2.89 Billion Russia >> 12/30/2011 - Russia has approved a 2012 budget of $2.89 billion for the ExxonMobil-led Sakhalin-1 oil project, down from $3.26 billion for this year, an industry source told Reuters on Friday. He didn't explain th...
Shtokman's Gas Final Investment Decision Delayed
Russia >> 12/29/2011 - Development of Russia's Shtokman, one of the world's largest gas fields, will remain in limbo for a few more months as a Gazprom-led consortium pushes the government for tax breaks to help ensure the ...
Gazprom Neft Approves 2012 Investment Program
Russia >> 12/29/2011 - Gazprom Neft's Board of Directors has discussed the implementation status of the Company's 2011 financial borrowing program, debt structure and debt portfolio management. In 2011, through bank loans a...

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