Mexico's Energy Minister said on May 19 that incentives for Pemex to keep its stake in Repsol are low, adding to suggestions the state oil company could pull its 2.3 billion euro ($3.16 billion) investment from the Spanish firm, Reuters has reported.
In times when the oil and gas industry must live with lower profits and higher costs, cooperation is key to success, Statoil’s press office said on May 15.
China might be slowing economically but it still wants to buy more oil from Latin America and invest in infrastructure in the region, with a presidential visit planned for July, Chinese and Brazilians officials said on April 25, Reuters reported on April 26.
Investments of Russian oil major company Rosneft will double to reach 79 billion rubles ($2.2 billion) in the Far Eastern Federal District by 2015, Rosneft President Igor Sechin said at a meeting of the governmental commission on socio-economic development of the Far Eas
Ukraine needs investments in the energy sector and is ready for widest cooperation with the U.S. and European companies in this sphere, Prime Minister of Ukraine Arseniy Yatseniuk has said after a meeting with U.S.
Oil major Lukoil is establishing a new regional subsidiary and prepares for the investment of €1,4 billion in the Nenets Autonomous Okrug, Barents Observer reported on March 20.
State-owned oil and gas giant PT Pertamina has allocated a budget of US$3.75 billion to increase production of geothermal and oil and gas this year, Jakarta Post reported on March 17.
Russian National Company Lukoil invested $ 660 million in gas projects implementation in Uzbekistan in 2013 which is 38 percent higher than in 2012, corporate newspaper of "Lukoil Overseas" (operator of international upstream- projects of Russian company) reported, Trend
The State Oil Fund of Azerbaijan is going to invest $2-2.5 billion into the company to be established to manage the gas projects Shah Deniz 2, TANAP and TAP, the Fund's executive director, Shakhmar Movsumov, has told the Azerbaijan Investment Summit in Baku.
Mexico's state-owned oil firm Petroleos Mexicanos, or Pemex, is planning to invest $27.7 billion in 2014, the most in its history and the vast majority of which will go toward crude oil exploration and production, EFE reported on March 3.