Financials and Investment News
| United States >> 5/26/2016 - API Executive Vice President Louis Finkel said the industry is glad to see energy become a part of the national discussion because it’s important to consumers, the economy, and our national security. ... |
| United States >> 5/26/2016 - Oil prices hit $50 a barrel for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add t... |
| Iraq >> 5/26/2016 - Genel Energy plc announces that the Taq Taq field partners have received a payment of $11 million from the Kurdistan Regional Government (‘KRG’) for oil sales during April 2016. ... |
| Saudi Arabia >> 5/25/2016 - Saudi Aramco, the world’s largest oil exporter, is working with JPMorgan Chase & Co., HSBC Holdings Plc and Riyad Bank on the company’s first sale of Islamic bonds, people with knowledge of the matter... |
| United States >> 5/25/2016 - Baker Hughes Incorporated has commenced a tender offer to purchase for cash up to $1 billion combined aggregate principal amount (the “Maximum Tender Amount”) of its or its subsidiary’s 6.000% Senior ... |
| Djibouti >> 5/19/2016 - The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed two Murabaha Agreements with the total amount of USD 55 million. The first agre... |
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India >> 5/19/2016 - The improvement in India's February industrial growth was largely limited to solid growth in electricity output that accelerated to 9.6% y-o-y, the highest since September 2015. However, the remaining... |
| China >> 5/18/2016 - The US has raised its import duties on Chinese steel makers by more than fivefold after accusing them of selling their products below market prices. ... |
| Bahrain >> 5/17/2016 - Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA) hosted a dinner last evening to commemorate the successful signing of the US$ 570 million Mu... |
| United States >> 5/16/2016 - McDermott International, Inc. (MDR) has satisfied all conditions to the amendment to the Company’s Senior Secured Credit Agreement (“Amendment No. 3”) which in part extends the maturity date of the le... |
| Mexico >> 5/16/2016 - ?As part of the of the compromise to meet its obligations to suppliers and contractors, Petroleos Mexicanos, has paid approximately 92 billion pesos and counts with the sufficient solvency to cover th... |
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Austria >> 5/15/2016 - Demand for OPEC crude for 2016 remained unchanged from the previous report and is projected to increase by 1.8 mb/d, to average 31.5 mb/d. Within the quarters, both the 2Q16 and 4Q16 remained unchange... |
| Austria >> 5/13/2016 - Demand for OPEC crude in 2015 remained unchanged from the previous report
to stand at 29.7 mb/d, which is 0.1 mb/d less than the level a year earlier. In 2016,
the demand for OPEC crude is projected... |
| Saudi Arabia >> 5/13/2016 - Saudi Arabia’s state-owned oil giant Aramco is finalising proposals for its partial privatisation and will present them to its Supreme Council soon, its chief executive said about the centrepiece of t... |
| Trinidad and Tobago >> 5/9/2016 - Range has signed an agreement with the Petroleum Company of Trinidad and Tobago Limited (Petrotrin) to reduce the overriding royalty rates (ORRs) on the Company's producing Morne Diablo, Beach Marcell... |
| Brazil >> 5/9/2016 - Petrobras has signed with the China Exim Bank a term sheet containing the main terms and conditions for a financing contract of US$1 billion and that the final agreement is already under negotiation. ... |
| United Kingdom >> 5/6/2016 - Petrofac has reached final commercial settlement with its client in respect of the Laggan-Tormore gas plant in the Shetland Isles. As part of the agreement, our client has informed us that there will ... |
| United States >> 5/6/2016 - Halliburton Company announced that, in connection with the previously announced termination of the merger agreement between Halliburton and Baker Hughes Incorporated, it will redeem the entire outstan... |
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Austria >> 5/5/2016 - 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 2014 level. ... |
| Trinidad and Tobago >> 5/5/2016 - LGO has raised £3.25 million, before expenses, by way of a Company arranged placing of 1,625,000,000 new ordinary shares of 0.05p each ("the Placing Shares") at a placing price of 0.2p per share ("Pla... |
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