Financials and Investment News
| Nigeria >> 6/6/2016 - Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, announces conclusion of a N94.6 Billion facility provided by ten leading financial ins... |
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Brazil >> 6/5/2016 - In Brazil, the reading of April’s consumer confidence index summarizes the negative sentiment triggered by the country’s economic and political hurdles. The index registered its lowest reading ever at... |
| Oman >> 6/5/2016 - Majority state-owned Petroleum Development Oman (PDO) has confirmed that it is in talks to borrow $3.4 billion from an international finance house. “Our company is in the process of raising a loan to ... |
| Venezuela >> 6/4/2016 - The President of the Bolivarian Republic of Venezuela, Nicolas Maduro, is in Havana, Cuba, where the Seventh Summit of Heads of State of the Association of Caribbean States (ACS) is being held, accomp... |
| Indonesia >> 6/3/2016 - ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that PT. BHIMASENA POWER INDONESIA (headquartered in Jakarta, the Republ... |
| Saudi Arabia >> 6/2/2016 - Saudi Arabia promised not to flood the oil market with extra barrels as OPEC entered a heated debate about production policy, with Iran insisting on the right to raise output steeply. ... |
| United Kingdom >> 6/2/2016 - Coretrax, leading engineered servicing company for wellbore clean and abandonment, has secured cost savings of nearly £10 million in rig time for UK operators. ... |
| Mexico >> 6/2/2016 - BP Plc agreed to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in the Gulf of M... |
| Iraq >> 6/2/2016 - Gulf Keystone confirms that a further gross payment of $7.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil exports in April 2016, bringing the total pay... |
| Venezuela >> 6/1/2016 - People’s Minister of Petroleum and Mining, Eulogio Del Pino, held a bilateral meeting with Minister of State for Petroleum resources of Nigeria, Emmanuel Ibe Kachikwu, the day prior to the 169th Meeti... |
| Venezuela >> 6/1/2016 - People’s Minister of Petroleum and Mining, Eulogio Del Pino, met with his counterpart from Saudi Arabia, Khalid Al Falih, the day before the 169th Meeting of the OPEC Conference. ... |
| Venezuela >> 6/1/2016 - People’s Minister of Petroleum and Mining, Eulogio Del Pino, and his Algerian counterpart, Salah Khebri, exchanged views on the current situation of the oil market, the day before the 169th Meeting of... |
| United Kingdom >> 6/1/2016 - PetroMaroc Corporation plc (PetroMaroc) intends to complete a secured, non-convertible debenture financing (the “Financing“) of Cdn $390,000 (the “2016 Debentures“), the proceeds of which will be used... |
| Iraq >> 5/31/2016 - Genel Energy plc announces that the Taq Taq field partners have received a payment of $11.45 million from the Kurdistan Regional Government for oil sales during April 2016. The payment follows the rec... |
| Mozambique >> 5/30/2016 - Mozambique's debt crisis and lower oil prices will not affect Sasol's $1.4 billion gas project because costs will be covered by the South African energy company and recouped through gas revenues, the ... |
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South Korea >> 5/29/2016 - The economic situation in South Korea is slowing down slightly. The GDP growth rate during the 1Q16 stood at 2.7%, which is in line with expectations. Exports remain weak and in April declined again b... |
| United States >> 5/27/2016 - Hercules Offshore Inc planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection. The company said it had entered into a restruc... |
| Denmark >> 5/26/2016 - Denmark's DONG Energy set an indicative price range for its planned initial public offering (IPO) implying a market value of 83.5 billion to 106.5 billion Danish crowns ($12.6-16.0 billion). ... |
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Austria >> 5/26/2016 - Demand for OPEC crude for 2015 remained unchanged from the previous month to stand at 29.7 mb/d, representing a decline of 0.1 mb/d from the level a year earlier. Within the quarters, both 1Q15 and 3Q... |
| United States >> 5/26/2016 - U.S. consumers continue to take advantage of America’s energy revolution and affordable gas prices as we head into the summer driving season, said API Chief Economist Erica Bowman on a conference call... |
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