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Financials and Investment News

DNO Reports Record Revenues, Production; Steps Up Returns to Shareholders
Norway >> 2/6/2020 - DNO ASA, the Norwegian oil and gas operator, reported interim 2019 revenues of USD 971 million, the highest in the Company's 48-year history, on the back of acquisitions and a record drilling campaign...
Wood Reaches Agreement to Sell Industrial Services Business
United Kingdom >> 2/5/2020 - John Wood Group PLC announces the sale of its industrial services business to technical services provider, Kaefer, for an initial cash consideration of circa $104 million and a further potential payme...
Solo Oil Provides Update on Proposed Transaction with ONE Dyas
Netherlands Antilles >> 2/4/2020 - Solo, the AIM investing company, targeting attractive production and development opportunities within the European gas market, announces that, further to the update provided by the Company on 20 Decem...
NASCO Completes Investment Grade Refinance
United States >> 2/4/2020 - NASCO Energie & Rohstoff AG (NASCO), has completed a securitization transaction to refinance the debt secured by its helium assets at DBK Field in Arizona. The $83 million securitization transaction f...
Genel Energy PLC Receives Payment for KRI Oil Exports
Iraq >> 1/8/2020 - Genel Energy plc has announced that the Taq Taq partners have received a gross payment of $6.7 million from the Kurdistan Regional Government ('KRG') for oil sales during August 2019. Genel's net shar...
Occidental Announces Successful Strategic and Financial Initiatives
United States >> 1/6/2020 - Occidental Petroleum Corporation provided an update on its execution against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of An...
Loan to Anglo African Oil & Gas plc
Congo >> 1/6/2020 - Zenith Energy Ltd., has reached an agreement to provide a secured loan facility ( the “Facility”) to Anglo African Oil & Gas plc (“AAOG”) for a total amount of £250,000. ...
Project Finance Documentation Signed for Amur Gas Processing Plant
Russia >> 12/24/2019 - Gazprom Pererabotka Blagoveshchensk and Gazprom completed the signing of project finance documentation for the construction of the Amur Gas Processing Plant (GPP). ...
APICORP Agrees $250M in Loans with Sonatrach Subsidiary
Algeria >> 12/23/2019 - The Arab Petroleum Investments Corporation (APICORP) said it has agreed to two loans worth a combined $250 million with Sonatrach Petroleum Investment Corporation, a subsidiary of Algerian state-owned...
INPEX Achieves Financial Completion for Ichthys LNG Project
Australia >> 12/20/2019 - INPEX CORPORATION (INPEX) announced that the INPEX-operated Ichthys LNG Project has successfully achieved financial completion under its project financing framework, thereby releasing INPEX and its jo...
Shell Signs Innovative $10b Revolving Credit Facility
Netherlands/Holland >> 12/13/2019 - Royal Dutch Shell plc (“Shell”) has signed a $10 billion revolving credit facility. The new facility replaces Shell’s existing $8.84 billion revolving credit facility and is provided by a syndicate of...
FAR Announces Equity Raising to Fund Sangomar Oil Field Development
Senegal >> 12/12/2019 - FAR Limited announces a conditional placement to raise A$146 million at A$0.0425 per share (Placement). In addition, FAR will conduct a share purchase plan to existing eligible shareholders to raise u...
Crescent Petroleum has Invested over $3b in Iraq
Iraq >> 12/10/2019 - United Arab Emirates-based energy firm Crescent Petroleum has invested over $3 billion in Iraq over the last 10 years. ...
Saudi Aramco IPO Proceeds Rise to $29.4bln
Saudi Arabia >> 12/9/2019 - The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock. Aramco's main IPO raised $25.6 billion on ...
Egypt's Fuel Subsidy Bill Drops By 69% Year on Year July-Sept
Egypt's Fuel Subsidy Bill Drops By 69% Year on Year July-Sept Egypt >> 12/8/2019 - Egypt’s spending on fuel subsidies dropped by about 69% year on year to EGP 7.25 billion ($451 million) in July-September, Petroleum Minister Tarek El-Molla said. ...
Saudi Aramco Announces World's Biggest Ever IPO
Saudi Arabia >> 12/8/2019 - Saudi oil behemoth Aramco has set a share price that will value the company's initial public offering (IPO) at $25.6 billion (€23 billion), making it the largest ever seen. ...
Byron Acquires Funds for Construction of Production Platform at SM58
United States >> 12/4/2019 - Byron Energy has signed a binding Secured Promissory Note with Crimson Midstream Operating, a portfolio company of The Carlyle Group, to borrow an initial amount of US$15.0 million. The first tranche ...
McDermott to Access $350M Tranche B Financing Under Superpriority Senior Secured Credit Facility
United States >> 12/2/2019 - McDermott International, Inc. has been granted access to the second tranche ("Tranche B") of the $1.7 billion superpriority senior secured credit facility (the "Agreement") announced on October 21, 20...
UKOG Raises GBP 2m to Help Achieve Stable Oil Production at Horse Hill
United Kingdom >> 12/2/2019 - UK Oil & Gas PLC has raised £2 million ("Proceeds") from a single institutional investor through a placing ("Placing") of 235,294,117 new ordinary shares ("Placing Shares") in the capital of the Compa...
Gulfsands to Secure GBP 4 million Financing
United Kingdom >> 11/29/2019 - Gulfsands Petroleum plc, the oil and gas company focused on the Middle East region, is pleased to announce that at its General Meeting (“AGM”) held yesterday at the offices of Pinsent Masons LLP at 30...

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