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17.07.2014 South Africa Reconsiders Oil Law

The government of South Africa is reconsidering its new oil and gas laws. The laws have caused some consternation with investors who were afraid they would not be able to make a profit on their assets under the new regime.

11.07.2014 LUKOIL Invests Big in Prikamye Environmental Project

LUKOIL is investing 5 billion rubles in Kama-Nature as part of the Environmental Safety Program Group LUKOIL in the Perm region. The investment will be spread over 2014-2018 and among 40 integrated activities.

11.07.2014 Russia to Pump $9.3Bln Into Oil Exploration Through 2020

Prime Minister Dmitry Medvedev said Thursday that the government plans to spend 320 billion rubles ($9.3 billion) on oil exploration through 2020.

08.07.2014 Naftogaz Will Not Lease Ukrainian Pipeline System to Russian Companies

The Ukrainian authorities are ready to lease the country’s gas transportation network to all foreign companies, except Russian entities, Naftogaz head Andrei Kobolev said in an interview on Ukrainian television.

07.07.2014 U.S., EU Unlikely to Invest in Ukraine's Gas System, Analysts Say

Ukraine's move Friday toward attempting to sell nearly 50 percent in its gas pipeline system to EU and U.S.

02.07.2014 ExxonMobil Announces Antwerp Refinery Investment of More Than $1 Billion

ExxonMobil affiliate Esso Belgium, a division of ExxonMobil Petroleum & Chemical B.V.B.A., announced today it plans to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher sulfur residual oils into transportation fuels products such as ma

30.06.2014 ExxonMobil’s Investments Into Russia May Soar

Should oil fields be discovered in the Arctic, U.S. ExxonMobil will boost its investments into Russian economy, Glen Waller, head of ExxonMobil’s Russian division, told journalists during his visit to Khabarovsk.

17.06.2014 U.K. to Discuss North Sea Oil Investment with China

Chinese investment in nuclear energy, high-speed rail and North Sea oil will be high on the diplomatic agenda when Chinese Premier Li Keqiang visits the U.K.

12.06.2014 GERB Leader Woos US Investors with Tenders for Black Sea Gas Fields

Boyko Borisov, ex Bulgarian Prime Minister and leader of center-right party GERB, has vowed transparent oil and gas exploration tenders as soon as the party returns to power.

09.06.2014 Rosneft mulls $400 billion Arctic investments

The state-owned company will over the next 20 years spend big money on the Arctic shelf. A minor part of it might be invested in the Barents Sea.