Global Investment Needs in the Oil Production Sector Estimated at $17.4 Trillion Until 2050
The global investment needs in the oil production sector until 2050 are estimated at $17.4 trillion, stated Haitham Al Ghais, Secretary General of OPEC. “Hydrocarbons still account for 80% of today’s energy mix, just as they did in the 1980s. (…) Today, the world continues to consume more and more …
Kassym-Jomart Tokayev Instructed to Attract Large Investors to Geological Exploration in Kazakhstan
The President of the Republic also drew special attention to the need for uninterrupted operation of the refinery. President of Kazakhstan Kassym-Jomart Tokayev, during a meeting with the head of the Kazakh national company Kazmunaygas (KMG) Askhat Khasenov, gave instructions to attract large investors into geological exploration and the petrochemical …
The Heads of Eni and BP Believe That the World Needs Investment in Oil and Gas Now
Eni CEO Claudio Descalzi said it is dangerous to talk about peak oil demand before 2030 Global demand for oil and gas remains, and talk about its peak occurring before 2030 is dangerous, as it will lead to a decrease in investment and rising prices, says Claudio Descalzi, head of …
APA Corporation Will Invest $1.4 Billion in Egypt’s Oil Sector in 2024
Company CEO John Christman said that APA Corporation “looks forward to support in making decisions to continue its involvement in the Egyptian market.” The American company APA Corporation intends to invest about 1.4 billion US dollars to develop projects in oil Egypt in 2024. This was announced by the Cabinet …
The Gazprom Neft Board Reviewed the Performance of the Company’s Investment Programme in 2018
The Gazprom Neft Board of Directors has reviewed information on the company’s budgetary and investment programme performance in 2018. Gazprom Neft showed considerable improvement in its financial and operational performance in 2018, both year-on-year and against target, with the company’s activities in many respects exceeding industry averages and making a significant contribution to achieving Gazprom Neft’s strategic goals. Growth …
Rosneft to Invest 52 billion rubles into Far East Development
Rosneft President and Chairman of the Management Board Igor Sechin reported to Russian President Vladimir Putin on the company operations in the Far East Federal District and mid-term plans to develop offshore projects via a video conference on 16 July. The video link connected Yuzhno-Sakhalinsk, where President Putin was at …
Roxi Petroleum: Raises $40m USD in New Investment from Kairat Satylganov
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has entered into an agreement to raise $40 million from the issue of new Roxi shares. Mr. Kairat Alpamysovich Satylganov, a Kazakh investor, has agreed to subscribe for 355,165,716 …
Gazprom and Bulgaria sign final investment decision on South Stream
Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation paid today a working visit to the Republic of Bulgaria. Alexey Miller and Mihail Andonov, Executive Director of Bulgarian Energy Holding signed a protocol of the Final Investment Decision on the South Stream gas pipeline construction in the Republic of Bulgaria. The document was inked in the presence of Bulgarian Prime Minister …
TNK-BP Boosts Investment in Orenburg Pipeline Integrity by 36% in 2012
TNK-BP announces that LLC Buguruslanneft (part of the TNK-BP group of companies) is to expand investment in its pipeline integrity programme to 88 mln rubles in 2012 – 36% more than last year. The money will be used primarily to replace obsolete sections of pipe and apply inhibition and electrochemical …