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Rosneft & the Federal Anti-Monopoly Service Agreed on Price Formation Principles
Russia >> 3/27/2015 - Rosneft and the Federal Anti-Monopoly Service of Russia have agreed the Standard regulating price formation principles and procedures for motor fuel sales on the local market of the Russian Federation...
SIBUR Board of Directors Approves the 2015 CAPEX Plan
Russia >> 3/26/2015 - SIBUR Board of Directors approved the Company's 2015 CAPEX plan of RUB 64.7 bn. ...
Northern Gulf Petroleum in Default on Manora Oil Project
Thailand >> 3/23/2015 - Tap Oil Limited advises that on 20 March 2015 the Operator of the G1/48 Concession and the Manora Oil Development (Mubadala Petroleum) gave notice to Northern Gulf Petroleum Pte. Ltd. (NGP) that it is...
Bureau Veritas Wins CBCA Contract in Zimbabwe
Zimbabwe >> 3/20/2015 - Bureau Veritas has been awarded by the Ministry of Industry and Commerce of the Republic of Zimbabwe with the Consignment Based Conformity Assessment (CBCA) contract. ...
Tullow Secures $450m of Capital Under its Existing Credit Facilities
United Kingdom >> 3/20/2015 - Tullow Oil plc (Tullow) is pleased to announce the following update on its financing and banking arrangements. Tullow and its lending banks have: ...
Max Petroleum's Kazakh Bank Accounts Suspended & Exports Halted
Kazakhstan >> 3/20/2015 - Max Petroleum Plc's bank accounts in Kazakhstan will be suspended due to non-payment of taxes and its export sales had been halted as the debt-laden oil and gas company continues its attempts to secur...
Malaysia's Petronas Says $5B Bond Issue for Capex
Malaysia >> 3/19/2015 - Malaysia's Petroliam Nasional Bhd (Petronas) plans to use the $5 billion it raised in Asia's largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company...
ExxonMobil Asks Russia to Repay Taxes
Russia >> 3/18/2015 - U.S. oil and gas major ExxonMobil has asked the Russian government to reimburse taxes worth 'several billion roubles' it says it overpaid on a project in the far east of Russia, the Kommersant daily r...
Swiss Prosecutor Finds 300 Bank Accounts Linked to Petrobras Scandal
Brazil >> 3/18/2015 - Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Pet...
PetroRabigh Signs $5.2 Bln Loan for Expansion
PetroRabigh Signs $5.2 Bln Loan for Expansion Saudi Arabia >> 3/17/2015 - Rabigh Refining and Petrochemical Company (Petro Rabigh), whose major shareholders are Sumitomo Chemical and Saudi Aramco, has signed project financing agreements with a syndicate of banks for the Rab...
Oil Market Highlights - March 15
Austria >> 3/16/2015 -  Crude Oil Price Movements
The OPEC Reference Basket averaged $54.06/b in February, representing a gain of $9.68 or nearly 22% amid a pickup in prompt demand from Europe and Asia and opti...
Balance of Supply and Demand - March 15
Austria >> 3/16/2015 - Demand for OPEC crude in 2014 was unchanged from the previous report to stand at 29.1 mb/d, which is 1.3 mb/d less than the previous year. Demand for OPEC crude in 2015 remained unchanged to average...
Dow Jones Sustainability Index
Brazil >> 3/16/2015 - Petrobras announces that the Dow Jones Sustainability Index Committee has notified that the company is no longer a member of the Dow Jones Sustainability Index World (DJSI World) as of March 23, 2015....
Saudi Aramco Nears $10b Loan Deal at Tight Pricing
Saudi Arabia >> 3/12/2015 - Saudi Aramco, the kingdom's state oil giant, is close to completing a $10 billion tightly-priced loan, banking sources said on Thursday, part of which could be used to back the purchase of a stake in ...
Top Brazilian Politicians Investigated in Petrobras Scandal
Brazil >> 3/7/2015 - Brazil's Supreme Court will investigate the speakers of both houses of Congress and 32 other sitting politicians in connection with a multibillion-dollar kickback scheme at state-controlled oil compan...
Honeywell Joins Oklahoma in Contributions to Local Economy
United States >> 3/6/2015 - Honeywell showcased the benefits of the U.S. Export-Import Bank at a roundtable attended by Congressmen and local leaders at a Honeywell natural gas equipment manufacturing site near Tulsa, Okla. Okla...
Russia Gets $15 Mln Gas Payment from Ukraine
Russia >> 3/5/2015 - Russian gas exporter Gazprom said it had received a $15 million prepayment from Ukrainian state energy firm Naftogaz, averting a possible cut in supply, at least for a few days. ...
PetroSA Ghana Secures $150 Million Credit Facility
Ghana >> 3/5/2015 - PetroSA Ghana, a subsidiary of PetroSA, South Africa’s National Oil Company, has secured a seven year US$150 million reserve based lending credit facility, which will be used to refinance existing loa...
Wentworth Resources Provides Funding Update
Tanzania >> 3/4/2015 - Wentworth Resources Limited, the Oslo Stock Exchange and London Stock Exchange listed independent, East Africa-focused oil & gas company, announces an update on its financial position. ...
Oil Hedge Helps Oando Prepay Debt after ConocoPhillips' Deal
Nigeria >> 3/3/2015 - Oando Plc has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of ConocoPhillips' Nigerian oil and gas business, the company said. ...

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