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Financials and Investment News

Valeura Energy Announces Q4 2018 Financial and Operating Results and Y/E 2018 Reserves
Turkey >> 3/14/2019 - Valeura Energy, the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation in the Thrace Basin of Turkey, has reported its financial and operating result...
Accordion Facility and Increased Borrowing Base
Nigeria >> 3/14/2019 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce a new accordion facility and increased borrowing ...
International Arbitration Tribunal Orders Venezuela to Pay ConocoPhillips $8.7 Billion
Venezuela >> 3/8/2019 - ConocoPhillips (COP) announced that an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID) has unanimously order...
Subscription and Placing to Raise up to £12.6m & Proposed Board Changes
Cameroon >> 3/6/2019 - Victoria Oil & Gas Plc, the integrated natural gas producing utility company in Cameroon, is pleased to announce a £12.6 million (c.US$16.5 million) equity fundraise. ...
El-Molla & EBRD Review Opportunities of Cooperation
El-Molla & EBRD Review Opportunities of Cooperation Egypt >> 3/6/2019 - Petroleum Minister Tareq el Molla had talks with First Vice President of the European Bank for Reconstruction and Development (EBRD), Jurgen Rigterink, on opportunities for promoting bilateral coopera...
Kuwait Petroleum Signs MoU with Britain for up to $3B in Loans and Credit
Kuwait >> 3/4/2019 - State-owned Kuwait Petroleum Corp (KPC) has signed a memorandum of understanding with the British government for up to $3 billion in loans and credit facilities, the company said. ...
United Oil & Gas Shares Admitted to Trading on AIM
United Kingdom >> 3/1/2019 - United Oil & Gas, the oil and gas exploration and development company, has announced that further to the announcements of 31 January 2019 and 26 February 2019, admission of its ordinary shares of 1 pe...
Equinor Bought More from Norwegian Suppliers in 2018
Norway >> 2/28/2019 - In 2018 Equinor purchased goods and services worth NOK 141,7 billion from more than 9000 suppliers globally. NOK 95,2 billion of this went to suppliers with a Norwegian billing address, i.e. 67% of to...
Gazprom & VTB Bank Discuss Cooperation
Russia >> 2/26/2019 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Andrey Kostin, President and Chairman of the VTB Bank Management Board, was held today in Moscow. The parties...
Independent Oil and Gas Announces Project and Funding Update
United Kingdom >> 2/25/2019 - Independent Oil and Gas, the development and production company focused on becoming a substantial UK gas producer, has provided an update on the funding and progress of its two-phase Southern North Se...
Kosmos Energy Capital Markets Day
United States >> 2/25/2019 - Kosmos Energy Ltd. is hosting a Capital Markets Day presentation in London for sell-side analysts and institutional investors. ...
Update Re: OML 109 Ejubele Development
Nigeria >> 2/18/2019 - Sirius Petroleum has completed its due diligence in relation to OML 109 and is now finalising the financing with a dedicated fund, and awaiting final Block Partner consents to complete the transaction...
Angus Energy Announces Equity Placing to Raise GBP2.2 million
United Kingdom >> 2/15/2019 - Angus Energy has announced that the Company has placed, subject to admission to trading on AIM, 55,000,000 new Ordinary Shares in the Company with existing, new and institutional shareholders (the 'Pl...
2018 Gross Profit Increased 19% to $140 Million
Egypt >> 2/14/2019 - Dana Gas PJSC ("Company"), the Middle East's largest regional private sector natural gas company, today announced its Preliminary Unaudited Financial Results for the full year ended 31 December 2018. ...
Aramco Picks Banks for SABIC Debt Financing
Saudi Arabia >> 2/14/2019 - Saudi Aramco has selected banks to arrange its first international debt sale which will help it finance the acquisition of a stake in Saudi Arabian Basic Industries Corp (SABIC), a source familiar wit...
Placement to Fund Expanded Appraisal and Exploration Program
Australia >> 2/12/2019 - Carnarvon Petroleum Limited is conducting a placement to institutional and sophisticated investors to raise approximately $50 million. The Placement comprises an issue of 151.6 million new Carnarvon s...
DNO Reports Record Revenues, Expands Norway Footprint
Norway >> 2/7/2019 - DNO ASA, the Norwegian oil and gas operator, announced 2018 net profit of USD 354 million on revenues of USD 829 million, the highest annual revenues in the Company's 47-year history. Cash flow from o...
Kiliwani Work Programme Acceleration and Capital Raise
Tanzania >> 2/7/2019 - The Company is pleased to announce that as it enters a period of operations it has raised approximately £1.85 million (approximately $2.40 million) before expenses through the issue of 127,226,781 new...
Apache Announces 2019 Capital Budget and Production Outlook
United States >> 2/7/2019 - Apache Corporation announced that its board of directors has approved a 2019 upstream capital budget1 of $2.4 billion. This represents a significant reduction from its previous 2019 investment plan, a...
Gazprom Maintaining Effective Cost Optimization Efforts
Russia >> 2/6/2019 - The Gazprom Board of Directors took note of the information on the Gazprom Group’s cost optimization (reduction) efforts in 2018 and its priorities in this area for 2019. ...

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