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AfDB to Mobilize $55b a year to Bring Electricity for Poorest Parts of Africa
South Sudan >> 10/26/2015 - The African Development Bank’s new president wants to bring electricity to the poorest parts of the continent within a decade and says he can mobilize $55 billion a year to make it happen. ...
Venezuela Defends Equilibrium Price in Oil Market
Venezuela >> 10/26/2015 - People’s Minister of Petroleum and Mining and President of Petroleos de Venezuela, SA (PDVSA), Eulogio Del Pino, participated along with the president of the Permanent Commission on Energy and Petrole...
AfDB Approves $90m Loan to Promote Science & Technology in Angola
Angola >> 10/24/2015 - The Board of Directors of the African Development Bank (AfDB) approved on October 21, 2015, a loan of US $90 million for the Republic of Angola to finance a Science and Technology Development project ...
Postponement of the IPO of Petrobras Distribuidora
Brazil >> 10/23/2015 - Petrobras hereby announces that, given the adverse conditions in the capital market, its Board of Directors approved, in a meeting held, the postponement, for an undetermined period, of the registrati...
Minister Del Pino: "Equilibrium Prices Guarantee the Stability of the International Oil Market"
Venezuela >> 10/22/2015 - People’s Minister of Petroleum and Mining and President of Petroleos de Venezuela, SA (PDVSA) Eulogio Del Pino, ended his visit to Vienna by announcing that Venezuela is proposing a new concept based ...
Brazil Gives SBM Ultimatum in $250m Bribery Settlement
Brazil >> 10/22/2015 - Brazil has told Dutch SBM Offshore NV to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source told Reuter...
Venezuela Calls for Stability of the Oil Market
Venezuela >> 10/21/2015 - On Tuesday, President of the Bolivarian Republic of Venezuela Nicolas Maduro, during his TV program In Contact with Maduro No. 43, from Santa Ines Agroindustrial Complex in the state of Barinas, anno...
Trinity Agreed a Further Extension to the Moratorium on Principal Repayments
Trinidad and Tobago >> 10/21/2015 - Trinity has agreed a further extension to the moratorium on principal repayments, relating to Trinity’s outstanding debt balance of US$13.0 million with its lender, until the 23rd October 2015. Discus...
Total Ready to Tech Transfer, Finance Iran Post-Sanction Oil Projects
Iran >> 10/20/2015 - The President Middle East and North Africa of Total Exploration and Production said France’s energy giant is ready for financing Iran’s oil projects as well as for transferring of technology following...
Ghana Resolves Dispute with Nigeria over Unpaid Gas Bill
Ghana >> 10/20/2015 - Ghana's government said it will pay a Nigerian gas consortium $170 million it owes by February, apparently resolving a dispute that led the consortium to threaten to cut its supply. Ghana's state powe...
Brazil's Subsalt Oil Profitable at $55
Brazil >> 10/20/2015 - Brazil's giant offshore subsalt oil and gas areas will only break even with oil worth $55 a barrel or more, Oswaldo Pedrosa, chief executive of state-owned oil-asset management company Pre-Sal Petrole...
Oil Market Highlights - October 2015
Austria >> 10/17/2015 - Crude Oil Price Movements
The OPEC Reference Basket averaged $44.83/b in September, representing a decline from the previous month of 63˘. Fundamentals factors that have weighed on the ma...
Total CEO Says Financing for Yamal LNG on Track
Russia >> 10/16/2015 - Total Chief Executive Patrick Pouyanne said that financing for the $27 billion Yamal LNG project it is developing in Russia with Novatek was on track. 'Various banks are responding to bids and all is ...
Gulf Keystone Receives another Payment for Shaikan
Iraq >> 10/15/2015 - Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, is pleased to confirm that a gross payment of US$15 million (US$12 million net to Gulf Keystone) for Shaik...
Trinity Agreed a Further Extension to the Moratorium on Principal Repayments
Trinidad and Tobago >> 10/14/2015 - Trinity has agreed a further extension to the moratorium on principal repayments, relating to Trinity’s outstanding debt balance of US$13.0 million with its lender, until the 16th of October 2015. The...
Financing Agreement with ICBC Leasing
Brazil >> 10/13/2015 - Petrobras concluded the negotiations with the Industrial and Commercial Bank of China Leasing - ICBC Leasing related to a financing transaction amounting to US$2 billion for a period of 10 years, thro...
Balance of Supply and Demand - October 2015
Austria >> 10/13/2015 - Demand for OPEC crude in 2015 was revised up by 0.3 mb/d from the previous report to stand at 29.6 mb/d, which is 0.6 mb/d higher than a year earlier. In 2016, the demand for OPEC crude is projected...
Emerson Launched Project Certainty for Improved Capital Efficiency
United States >> 10/12/2015 - Addressing a growing industry demand for transformational improvements in capital project execution, Emerson launched Project Certainty, an innovative technology and engineering-based approach for imp...
Vitol Signs $8 Billion Syndicated Revolving Credit Facilities
Switzerland >> 10/6/2015 - Vitol S.A. (Vitol) is pleased to announce the successful signing of its syndicated revolving credit facilities (the “Facilities”) totaling USD 8 billion. The new Facilities include a USD 7.076 billion...
Roxi Provides Exercise of Options
Kazakhstan >> 10/6/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announces that following the exercise of options 550,000 new shares ("Option Shares") have been issued. ...

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