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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 ...
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...
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...
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...
Petrobras Approves 2020-2024 Strategic Plan
Brazil >> 11/28/2019 - Petrobras informs that its Board of Directors approved, in a meeting held yesterday, the Strategic Plan for the 2020-2024 five-year period, in line with the company's strategic positioning, released o...
Union Jack Oil Announces Placing & Subscription to Raise GBP 5m
United Kingdom >> 11/27/2019 - Union Jack Oil plc, a UK-focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has raised £5 million by way of a placing and subscription of 3,333...
Okea Announces Successful Completion of $120m Bond Issue
Norway >> 11/27/2019 - Reference is made to the announcement on 19 November 2019 regarding a contemplated bond issue by OKEA ASA (the “Company”). The Company is pleased to announce the successful completion of a USD 120 mil...
AFDB Approves $400m to Support Mozambique LNG Area 1 Project
Mozambique >> 11/26/2019 - The Board of Directors of the African Development Bank Group (AfDB) approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, includi...
Samsung Heavy Reaches Resolution with U.S Department of Justice
South Korea >> 11/22/2019 - Samsung Heavy Industries Co. Ltd. (SHI) has reached an agreement with the U.S. Department of Justice (DOJ) to settle an investigation into commission payments related to the company’s 2007 contract to...
YINSON Raises $800M Through Refinancing Deal for FPSO John Agyekum Kufuor
Ghana >> 11/19/2019 - YINSON HOLDINGS BERHAD recently sealed a USD800 million refinancing agreement with 13 local and global banks to refinance FPSO John Agyekum Kufuor, Yinson’s vessel which is currently operating in OCTP...
ADX Energy Receives Final Government Approvals for the Transfer of RAG Production Assets
Austria >> 11/18/2019 - The transfer of the production licence for the Zisterdorf and Gaiselberg fields from RAG to ADX has been received from the relevant Austrian authority. ...
Subsea 7 S.A. Treasury Shares
United Kingdom >> 11/15/2019 - Subsea 7 S.A. transferred 7,346 shares from treasury to satisfy employee share awards under the Company’s Long-term Incentive Plan. Following the above transfer, the number of common shares held in tr...

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