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Financials and Investment News

ENOC Group Secures US$690 million Term Loan from a Consortium of Chinese Banks
China >> 6/10/2019 - ENOC Group has secured a five-year US$690 million term loan from a Chinese consortium of banks as China’s biggest financial institutions endorse the Group’s operational and financial health. The term ...
Wood & NERA Announce New Partnership to Develop World-First Prediction Tool
Australia >> 5/30/2019 - Wood and NERA (National Energy Resources Australia) have announced a new funding partnership arrangement led by Wood, in collaboration with the University of Western Australia (UWA), to support the de...
Atlantic Petroleum Announces Share Suspension
United Kingdom >> 5/26/2019 - The Board of Directors of Atlantic Petroleum has agreed with NASDAQ for a temporary suspension of the company’s shares. The Company advises that Graeme FAWCETT has elected to step down from his positi...
Strategic and Operational Update
Morocco >> 5/22/2019 - Sound Energy, the Moroccan focused upstream gas company, is pleased to provide an update on its strategy and operations. ...
EnscoRowan Awarded USD 180 Million by Arbitration Tribunal
South Korea >> 5/17/2019 - EnscoRowan has announced that an arbitration tribunal has awarded the Company $180 million in damages in its proceedings againstSamsung Heavy Industries, a shipyard in South Korea ('SHI'). Further, th...
Block Energy Completes Placing to Raise GBP 12 Million
Georgia >> 5/17/2019 - AIM-listed Block Energy, the exploration and production company focused on the Republic of Georgia, has completed a placing of 109,090,000 new Ordinary Shares, raising approx. £12 million (before expe...
Marubeni Corporation Finalizes Project Finance Agreement
Saudi Arabia >> 5/17/2019 - Marubeni Corporation (hereinafter “Marubeni”) is pleased to announce that in April 2019, Shuqaiq Three Company For Water, owned by Marubeni, Acciona Agua S.A. (hereinafter “Acciona”), Abdul Latif Ja...
TGS Announces Initiation of a USD 50 million Share Repurchase Program
United States >> 5/14/2019 - TGS-NOPEC Geophysical Company has announced that reflective of the Company’s strong financial and liquidity position and improving market outlook, the Board of Directors has authorized a share repurch...
New Bank Term Loan Facility & Contemplated Bond Issue
United States >> 5/10/2019 - Atlantica Tender Drilling Limited has received credit approvals from a syndicate of new and existing lenders for a new 4-year USD 100 million first lien term loan facility (the “Term Loan”). The Compa...
McDermott Comments on Cost Position of Cameron Project
United States >> 5/7/2019 - McDermott International, Inc. had announced on April 29, 2019, that its Cameron LNG project did not experience any material change in its cost position in the first quarter of 2019. ...
Successful Completion of AU$45 million Capital Raising
Senegal >> 5/2/2019 - FAR Limited is pleased to announce a placement to institutional and sophisticated investors to raise approximately AU$45 million before expenses by issuing 818,854,544 million shares. ...
i3 Energy Announces Funding Update
United Kingdom >> 4/29/2019 - i3 Energy, an independent oil and gas company with assets and operations in the UK, has provided an update in relation to its announcement of 1st March 2019 regarding its intended entry into a Junior ...
Petrobras Executes 3 Agreements for Sale of Assets Totaling $10.3B
Brazil >> 4/25/2019 - Petrobras executed three sale and purchase agreements to sell assets in the total amount of US$ 10.3 billion (about R$ 40 billion). In 2019, considering the signed transactions and the closed one, the...
Bumi Armada Refinances Corporate Debt
Malaysia >> 4/24/2019 - Malaysia-based international offshore energy facilities and services provider Bumi Armada has announced the signing of documentation related to its corporate debt refinancing. ...
Gazprom Neft Signs Social & Economic Cooperation Agreement for 2019–2021
Russia >> 4/22/2019 - Gazprom Neft has signed a further social and economic cooperation agreement with the Government of the Khanty-Mansi Autonomous Okrug-Yugra, with the document being signed by Gazprom Neft CEO Alexander...
Petrobras Informs about Sstudies of Caixa Economica Federal to Sell its Shares
Brazil >> 4/17/2019 - Petrobras has received correspondence from Caixa Economica Federal ("Caixa") informing that it is studying the possibility of selling shares that they hold issued by Petrobras, having formed a syndica...
Placement with Botswana Based Investors
Botswana >> 4/16/2019 - Tlou Energy Limited is pleased to confirm that it has successfully completed an equity placement to Sophisticated Investors totalling BWP21.8 million (approximately AUD$2.9 million or £1.6 million). ...
Egypt's New Budget Cuts Fuel Subsidies by 40.5 Percent in FY 2019/20
Egypt's New Budget Cuts Fuel Subsidies by 40.5 Percent in FY 2019/20 Egypt >> 4/16/2019 - A finance ministry report on Egypt’s new budget (2019/20) showed that fuel subsidies will be reduced by EGP 36.112 billion (40 percent) in the new fiscal year, Finance Minister Mohamed Mait said in a ...
Dutch Supreme Court Rules for Chevron in Ecuador Dispute
Ecuador >> 4/15/2019 - The Supreme Court of the Netherlands has ruled in favor of Chevron Corporation, rejecting the Republic of Ecuador’s attempts to annul decisions of an international arbitral tribunal in The Hague that ...
Strategic Investor, Fundraise and Issue of Equity
United Kingdom >> 4/15/2019 - MX Oil plc, an oil and gas investing company quoted on AIM, announces the following corporate update: ...

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