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Financials and Investment News

Genel Energy Receives Payment for KRI Oil Exports
Iraq >> 2/15/2018 - Genel Energy plc has announces that the Taq Taq partners have received a gross payment of US$11.05 million from the Kurdistan Regional Government ('KRG') for oil sales during November 2017. Genel's ne...
Angus Completes £2 million Private Placement
United Kingdom >> 2/9/2018 - Angus Energy , a conventional oil and gas production and development company, has successfully raised £2.0 million (gross) by means of a private placement with institutional and private investors.
Kosmos Refinances Its $1.5 Billion Reserve Based Lending Facility
Ghana >> 2/6/2018 - Kosmos Energy has refinanced its reserve based lending (RBL) facility. The RBL facility, which previously incorporated only the company’s Ghana assets, now includes the recently acquired producing ass...
International Islamic Trade Opens $400M Credit Line for Egypt
Egypt >> 2/1/2018 - International Islamic Trade Finance Corporation this week opened a credit line worth $400 million for Egypt to buy petroleum products in a last tranche of a $3 billion finance deal signed in 2015, Chi...
Kuwait’s $508 Billion Oil Spending Plan Gets Attention of Banks
Kuwait >> 2/1/2018 - Kuwait’s $508 billion energy spending plan and the prospect for juicy profits from financing it is grabbing the attention of some of the nation’s banks. ...
Wentworth Provides Payment Update
Tanzania >> 2/1/2018 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders regarding recent payments received for gas sales. ...
EnQuest Announces Agreement with BP on Thistle Decommissioning
United Kingdom >> 1/31/2018 - Following the completion of the acquisition of an initial 25% interest in the Magnus oil field on 1 December 2017, EnQuest has announced it has agreed with BP to undertake the management of the physic...
Hess Announces 2018 E&P Capital and Exploratory Budget
United States >> 1/31/2018 - Hess Corporation (HES) announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and developm...
AWE Receives Acquisition Proposal from Mitsui
Australia >> 1/29/2018 - AWE Limited advises that it has received an unsolicited, non-binding and conditional proposal from Mitsui & Co Ltd (Mitsui) to acquire 100% of the shares in AWE for cash consideration of $0.95 per sha...
Sterling Terminates Chinguetti Oil Field Funding Agreement
Mauritania >> 1/26/2018 - Sterling Energy Plc, the AIM listed oil and gas exploration and production company, provides the following update with respect to its interest in the Chinguetti oil field, offshore Mauritania. ...
SOCAR Increases 2017 Budget Payments by 8.3%
Azerbaijan >> 1/19/2018 - SOCAR paid AZN 1.5 billion to the State Budget for 2017. Compared with the previous year’s figures, the company’s budget payments increased by AZN 115.6 million or 8.3%. In addition, SOCAR’s payment t...
PetroNeft Provides Financing Update
Russia >> 1/17/2018 - PetroNeft (PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to provide a financing ...
Receipt of Payment for KRI Oil Exports from Taq Taq PSC
Iraq >> 1/17/2018 - Genel Energy plc announces that the Taq Taq partners have received a gross payment of $10.10 million from the Kurdistan Regional Government for oil sales during October 2017. ...
Multi-Client Revenues Related to APA 2017 Awards
Norway >> 1/17/2018 - On 16 January 2018, the Norwegian Ministry of Petroleum and Energy (the "MPE") announced the awards of new production licenses through the Awards in Pre-defined Areas (APA 2017) licensing round. ...
Gulf Keystone Signs Oil Sales Agreement with Kurdistan Government
Iraq >> 1/16/2018 - Gulf Keystone announces that a crude oil sales agreement has been signed between Gulf Keystone Petroleum International Ltd ("GKPI"), on behalf of the Shaikan contractors, and the Kurdistan Regional Go...
Can The Oil Price Rally Continue?
Can The Oil Price Rally Continue? Austria >> 1/16/2018 - Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday (16 Jan 2018), a level not seen since 2014’s dramatic oil market slump. ...
ADFD Approves US$25m for Solar Projects in Mauritius & Rwanda
Rwanda >> 1/15/2018 - Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the International Renewable Energy Agency (IRENA), the global platform for international cooperation on rene...
Aker Solutions Successfully Completes Bond Issue
Norway >> 1/11/2018 - Reference is made to the announcement on December 15, 2017. Aker Solutions has successfully completed a NOK 1,500 million senior unsecured bond issue with maturity in July 2022. ...
TransGlobe Announces 2018 Capital Program of $29.1M for Egypt
Egypt >> 1/10/2018 - TransGlobe Energy Corporation (TGL) (TGA) (“TransGlobe”) announces the 2018 capital budget and promotions. All dollar values are expressed in US dollars unless otherwise stated. ...
Nostra Terra Announces New $5m Senior Lending Facility
United Kingdom >> 1/8/2018 - Nostra Terra, the oil and gas exploration company with a portfolio of assets in the USA and Egypt, is pleased to announce that it has received approval for a new US$5 million Senior Lending Facility (...

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