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Financials and Investment News

Implementation of Seawater Desalination Business in Oman
Oman >> 7/23/2018 - JGC Corporation (hereinafter “JGC”) announced today that Al Asilah Desalination Company S.A.O.C (hereinafter “Asilah”), in which JGC is the major shareholder, has received an award to build, own and o...
DNO Reports Payment for Tawke Deliveries
Iraq >> 7/20/2018 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 62.33 million as payment for April 2018 crude oil deliveries to the export market from the Tawke license in the Kurdistan region of...
Diversified Gas & Oil Closing of $1 billion Credit Facility
United States >> 7/19/2018 - Diversified Gas & Oil PLC the U.S.-based acquirer and operator of gas and oil producing assets, announced the closing of an enlarged $1 billion, five-year senior secured revolving credit facility (the...
Permian Region NG Prices Fall as Production Continues to Grow
United States >> 7/18/2018 - The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably in the past year....
Nigeria's Senate to Investigate "anomalies" in Renewal of Oil Leases
Nigeria >> 7/18/2018 - Nigeria's upper house of parliament will investigate anomalies in the renewal of oil leases by the ministry of petroleum, it said on Wednesday. ...
Egyptian General Petroleum Corp Hires HSBC to Raise $1B Loan
Egyptian General Petroleum Corp Hires HSBC to Raise $1B Loan Egypt >> 7/12/2018 - Egyptian General Petroleum Corp (EGPC) has hired HSBC to arrange a loan of around $1 billion, five banking sources familiar with the matter said, the latest sign of international banks’ increased appe...
Genneia Secures FMO Loan for Two Wind Farms in Argentina
Argentina >> 7/12/2018 - FMO has extended a USD 26 million long-term loan to Argentine energy company Genneia to develop two wind farms at Villalonga and Chubut Norte in the provinces of Buenos Aires and Chubut. ...
Cairn Energy Provides Update on Its Assets in India
India >> 7/9/2018 - Cairn Energy has provided an update on its ongoing arbitration with the Government of India under the UK-India Bilateral Investment Treaty. All of the written submissions by Cairn and the Government o...
Q2 2018 Revenue Update
United States >> 7/9/2018 - Based on preliminary reporting from operating units, TGS management expects net revenues for the second quarter of 2018 to be approximately USD 158 million, 47% higher than Q2 2017. ...
Saudi Aramco Rrebalances its Asia Crude Oil Benchmark
Saudi Arabia >> 7/4/2018 - Saudi Aramco announced that it is adjusting its Asia crude oil pricing marker in an effort to increase the overall reliability of its crude oil pricing. ...
Sound Energy Announces $15M Placing
Morocco >> 7/2/2018 - Sound Energy, the Moroccan focused upstream gas company, is pleased to announce a placing of new ordinary shares to raise US$15 million before costs (the "Placing"). The net proceeds of the Placing of...
Sonangol Settles Cobalt Energy Dispute with $350m Payment
Angola >> 6/29/2018 - Angola’s state energy firm Sonangol said on Friday it made a $350 million payment this month to Cobalt International Energy to settle a dispute over oil block sales. ...
Gulf Keystone Announces Operational & Corporate update
Iraq >> 6/22/2018 - Gulf Keystone, operator of the Shaikan Field in the Kurdistan Region of Iraq, provides an operational and corporate update. ...
Congo Republic Becomes OPEC Oil Cartel's Newest Member
Congo >> 6/22/2018 - Congo Republic, one of Africa’s major oil producers, has joined the Organization of the Petroleum Exporting Countries (OPEC), OPEC said in a statement on Friday. ...
Solo Oil Provides Update on Helium One Investment
Tanzania >> 6/21/2018 - Solo Oil plc, the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, is pleased to announce continued pro...
Genel Energy Receives Payment for KRI Oil Exports
Iraq >> 6/20/2018 - Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $62.19 million from the Kurdistan Regional Government ('KRG') as payment for M...
Oil Traders Are Tracking OPEC's Meeting on June 22
Austria >> 6/20/2018 - The Organization of the Petroleum Exporting Countries (OPEC) meets on 22 June 2018 to decide output policy amid calls from major consumers such as the United States and China to cool down oil prices a...
Linxing Gas Sales Agreement Extension
China >> 6/6/2018 - Sino Gas & Energy Holdings Limited’s (Sino Gas) Joint Venture company, Sino Gas & Energy Limited (“SGE”), in conjunction with its Linxing Production Sharing Contract Partner, China United Coalbed Me...
UAE's ADNOC May Sell More of Distribution Business
United Arab Emirates >> 6/5/2018 - Abu Dhabi National Oil Company is considering selling another 10 percent stake in its fuel distribution business, which listed in an initial public offering last year, but the timing is uncertain, thr...
Wentworth Provides Payment update
Tanzania >> 6/1/2018 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, provides an update to shareholders. ...

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