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BHGE and TREXM Partner in Nigeria
Nigeria >> 6/1/2018 - Baker Hughes, a GE company, has unveiled plans to partner with local firm, TREXM Oil and Gas Services to bring about its latest innovating metering solution into the Nigerian market. this, it said, wo...
Proposed Acquisition of Sino Gas by Lone Star
China >> 5/31/2018 - Sino Gas & Energy Holdings Limited has entered into a Scheme Implementation Agreement with a wholly owned subsidiary of Lone Star Fund X Acquisitions, LLC (together with its affiliates, “Lone Star”) u...
Ophir Provides Fortuna Update
Equatorial Guinea >> 5/31/2018 - We note the announcement by Golar LNG Partners’ regarding the dissolution of its OneLNG joint venture with Schlumberger. Whilst it is disappointing that Schlumberger will no longer be part of the part...
Siemens Gamesa Secures €2.5B Revolving Credit Facility
Spain >> 5/30/2018 - Siemens Gamesa Renewable Energy has signed a €2.5 billion multi-currency term and revolving credit facility, enhancing its long-term financial structure. ...
Dana Gas Receives $40M from Egypt
Dana Gas Receives $40M from Egypt Egypt >> 5/28/2018 - Dana Gas PJSC, the Middle East's largest regional natural gas company, has received $40 million (AED 146.8m) from the Egyptian Government towards paying down its receivables. With this payment Dana G...
Gazprom Neft & Sberbank Sign Memorandum of Intent
Russia >> 5/25/2018 - Gazprom Neft and Sberbank have signed a Memorandum of Intent at this year’s St Petersburg International Economic Forum, the signatories to the document being Vadim Yakovlev, First Deputy CEO, Gazprom ...
ANP Approves Neon (Echidna) & Goia (Kangaroo) Declaration of Commerciality
Brazil >> 5/25/2018 - Karoon has received approval from the ANP for the Neon (Echidna) and Goia (Kangaroo) Declaration of Commerciality. ...
ADES Secures $140 million Standby Credit Facility
Saudi Arabia >> 5/24/2018 - ADES International Holding Ltd., the London-listed Company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has secur...
DNO Reports Payment for Tawke Deliveries
Iraq >> 5/24/2018 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 47.23 million from the Kurdistan Regional Government as payment for February 2018 crude oil deliveries to the export market from th...
Gazprom & JBIC Address Cooperation Prospects
Russia >> 5/24/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, CEO and Executive Managing Director of Japan Bank for International Cooperation (JBIC), took p...
Efforts Continue to Save Iran Oil Market Share
Iran >> 5/21/2018 - Climate Action and Energy Commissioner Miguel Arias Ca?ete met Iranian Minister of Petroleum Bijan Zangeneh in his Tehran office on Saturday in a bid to protect Iran"s oil trade following US withdrawa...
All New Decision in OPEC Needs Unity
Iran >> 5/20/2018 - Iranian Oil Minister Bijan Zanganeh says Tehran’s oil exports to remain unchanged if the Iran nuclear deal is salvaged by the EU following the US withdrawal from the multinational accord. ...
DNO Completes USD 400 Million Bond Placement
Norway >> 5/18/2018 - DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new, five-year senior unsecured bonds to be issued at 100 percent of par with a coupon rate of 8....
Egypt to Pay off $850M in Debt to Foreign Oil Companies
Egypt to Pay off $850M in Debt to Foreign Oil Companies Egypt >> 5/14/2018 - Governor of Egypt's Central Bank Tarek Amer said that the country is expected to make an $850 million payment on its debts to foreign oil companies. ...
Bahrain Launches $1 bln Energy Fund
Bahrain >> 5/10/2018 - Bahrain’s government has launched an energy fund that aims to raise $1 billion from local, regional and international investors to develop the kingdom’s energy assets, Oil Minister Sheikh Mohammed bin...
Serica Evaluating Impact of Iran Sanctions on British Gas Field
United Kingdom >> 5/9/2018 - Britain’s Serica Energy said it is looking into how renewed sanctions on Iran would impact a British gas field which it operates in partnership with the Iranian Oil Company (UK) Limited. ...
Crude Oil Prices Could Increase After Trump’s Decision
Crude Oil Prices Could Increase After Trump’s Decision Iran >> 5/9/2018 - The U.S. President Trump abandoned a nuclear deal with Iran that was agreed in late 2015, raising the risk of conflict in the Middle East and casting uncertainty over global oil supplies at a time whe...
Wentworth Provides Payment and Corporate update
Tanzania >> 5/1/2018 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, provides an update to shareholders. ...
Additional Provisions to Rosneft-2022 Strategy
Russia >> 5/1/2018 - Rosneft Board of Directors approved additional initiatives to “Rosneft-2022” Strategy taking into account the message of the President of the Russian Federation Vladimir Putin to the Federal Assembly....
Angus Energy Completes Financing For Balcombe Acquisition
United Kingdom >> 4/23/2018 - Angus Energy Plc, a conventional oil and gas production and development company, is pleased to announce it has issued a £3 million unsecured convertible security at an interest rate of 0%. This will c...

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