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PA Resources Signs Credit Facility of USD 125 m
Congo >> 9/28/2009 - The oil and gas company PA Resources AB has entered into a USD 125 million corporate finance facility agreement with Standard Bank. The new credit facility replaces an existing facility of USD 30 mill...
Iran Needs $19 Billion for Gas Projects
Iran >> 9/26/2009 - Iran’s Oil Ministry said the country needs $19 billion toward “unfinished” natural gas projects and aims to curb consumption amid insufficient funding. “The maximum funding at hand for the gas sector ...
Frontera Resources Completes US$7.6 m Placement
Georgia >> 9/18/2009 - Frontera Resources Corporation, an independent oil and gas exploration and production company, announced that it has completed the placement of shares of common stock (a “Common Share”) and warrants r...
Ecobank to Advise on Tema Financial Restructuring
Ghana >> 9/16/2009 - Ecobank Development Corporation (EDC), the investment banking arm of the Ecobank group and Ecobank Ghana, its Ghanaian subsidiary have been retained by the Government of Ghana to advise on the financi...
Oil Market Highlights - Sep 09
Austria >> 9/15/2009 - The OPEC Reference Basket surged by a significant $6.76/b or 10% compared to the previous month to reach $71.35/b in August. A combination of improving economic signals along with crude stockdraws in ...
Ongoing Support for the Global Recovery - Sep 09
Austria >> 9/15/2009 - Evidence of an impending upturn in the world economy appears to be gathering. Credit markets have stabilised and equity markets across the globe have rallied strongly. Real economy indicators such as...
Crude Oil Price Movements - Sep 09
Austria >> 9/15/2009 - OPEC Reference Basket
A combination of bullish reports on the US manufacturing sector and European banking industry as well as a relatively strong performance of the Chinese economy booste...
Commodity Markets - Sep 09
Austria >> 9/15/2009 - Trends in selected commodity markets
The IMF commodity price index jumped 7.6% in August, but was still 33.4% lower than a year earlier. Both energy and non-fuel commodity prices saw posit...
Highlights of the World Economy - Sep 09
Austria >> 9/15/2009 - Industrialised countries
United States of America
The US economy has demonstrated some positive momentum. GDP growth in the second quarter was confirmed at a seasonally adjuste...
World Oil Demand - Sep 09
Austria >> 9/15/2009 - World oil demand in 2009
The US is playing a significant role in world oil demand, showing a comeback and reducing the contraction from 0.7 mb/d in July to almost flat in August. This is d...
World Oil Supply - Sep 09
Austria >> 9/15/2009 - Non-OPEC
Forecast for 2009
Non-OPEC supply is expected to average 50.81 mb/d in 2009, representing growth of 0.34 mb/d over the previous year and an upward revision of 70 tb/d ...
Product Markets and Refinery Operations - Sep 09
Austria >> 9/15/2009 - Ample distillate stocks dampened product market sentiment and overshadowed positive developments in other components of the barrel complex in August. With the end of driving season and slowing gasolin...
The Tanker Market - Sep 09
Austria >> 9/15/2009 - According to preliminary data, OPEC spot fixtures increased in August by 4%, after a sharp decline last month, averaging about 11.04 mb/d, up from 10.65 mb/d in the previous month. Most of the increas...
Stock Movements - Sep 09
Austria >> 9/15/2009 - USA
US commercial oil inventories fell more than 22 mb in August to stand at 1,098 mb but remained almost 80 mb above the five-year average. It is worth noting that the overhang has been s...
Balance of Supply and Demand - Sep 09
Austria >> 9/15/2009 - Estimate for 2009
The demand for OPEC crude remained unchanged from the previous assessment, although 4Q09 saw an upward revision. The demand for OPEC crude in 2009 is now estimated at 28....
Exercise of Convertible Bonds in PA Resources AB
Sweden >> 9/11/2009 - On 10 September 2009, 2,930,697 new shares in PA Resources AB (publ) were registered with the Swedish Companies Registration Office as a result of completed conversions of PA Resources' convertible 20...
CNPC Gets $30 bln Loan for Overseas Oil Takeovers
China >> 9/9/2009 - China National Petroleum Corp., parent of the world’s biggest company by market value, received a $30 billion loan to fund overseas expansion as the country’s government stepped up its hunt for energy...
Gazprom Neft to Release IIQ2009 Financial Results
Russia >> 9/9/2009 - JSC Gazprom Neft published consolidated financial statements for the second quarter and for the first six months of 2009 drawn up in compliance with US GAAP standards at the official site of the Compa...
Lukoil 2Q 2009 Net Income Increased by 160% Q-O-Q
Russia >> 8/28/2009 - LUKOIL publishes consolidated US GAAP financial accounts for the second quarter and first half of 2009. The Company’s net income was $3,229 million in the first half of 2009, including $2,324 million ...
PetroChina 2009 Interim Results
China >> 8/28/2009 - PetroChina Company Limited announced that the profit attributable to the owners of the Company under IFRS was approximately RMB50.5 billion for the six months ended 30 June 2009 and basic and diluted ...

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