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Bahamas Petroleum Announces Placing to Raise US$3.25 Million
Bahamas >> 6/14/2017 - Bahamas Petroleum Company plc, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas, has raised US$3.25 million (£2.6 million) bef...
Oil Prices Continued to Fall
Austria >> 6/14/2017 - The crude price of OPEC basket stood at $46.01 a barrel on Tuesday, compared with $45.93 the previous day. In May 2017, OPEC said it would extend an 1.8 million barrel per day cut to oil output by ni...
Saudi Arabia, Bahrain, UAE and Egypt Cut Diplomatic Ties with Qatar
Qatar >> 6/14/2017 - Since Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on Monday 5 June 2017, and moved to close off access to the Gulf country, there have been a few developme...
Balance of Supply and Demand - June 2017
Austria >> 6/13/2017 - Demand for OPEC crude in 2016 stood at 31.8 mb/d, which is 2.0 mb/d higher than the 2015 level. In 2017, the demand for OPEC crude is projected at 32.0 mb/d, around 0.3 mb/d higher than last year.
Oil and Gas Confidence Rises from Historic Lows
United Kingdom >> 6/13/2017 - Improvements in oil and gas contractor confidence both in the UK Continental Shelf (UKCS) and internationally suggests some businesses are seeing signs of recovery and are focused on the future, accor...
Yamal LNG Raised Financing with Insurance Coverage by the Swedish & German Export Credit Agencies
Russia >> 6/13/2017 - OAO Yamal LNG (“Yamal LNG”) announced the signing of agreements with several European banks, inter alia Raiffeisen Bank International AG and Intesa Sanpaolo on 14-year credit line facilities for the t...
Sirius Petroleum in Talks with BP Regarding Ororo Field Financing
Nigeria >> 6/12/2017 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, notes the recent press speculation and can confirm it is currently in discussions w...
Abu Dhabi Hosts The Maritime Standard Ship Finance & Trade Conference 2017
United Arab Emirates >> 6/11/2017 - The third annual The Maritime Standard Ship Finance and Trade Conference will take place on November 8th 2017 at the Sheraton Abu Dhabi Hotel and Resort. The event is expected to attract more than 150...
SOCAR’s Budget Payments for May 2017
Azerbaijan >> 6/9/2017 - SOCAR paid AZN 139 million 586 thousand to the State Budget for May of the current year that is AZN 21 million 780 thousand (118,5%) more than the same period of 2016. In general, for January-May 2017...
Oil's Price Fall Stalls despite Supply Glut
United States >> 6/9/2017 - Oil prices steadied after steep falls earlier in the week under pressure from widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market. Brent crude oil was up 10 cents at $...
Petroleum Minister Paid $2.2 Billion to Foreign Partners
Petroleum Minister Paid $2.2 Billion to Foreign Partners Egypt >> 6/8/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that the Petroleum sector paid $2.2 Billion of arrears to IOCs working in Egypt by instalments during the past three weeks, r...
Maynilad Water Services Signs Credit Agreements with JICA and Japanese Banks
Philippines >> 6/7/2017 - Maynilad Water Services, Inc. (hereinafter "Maynilad"), a water and sewerage company in the Philippines, in which Marubeni Corporation (hereinafter "Marubeni") owns a 20% stake, signed credit agreem...
Hyperdynamics Raises $6.33m to Fund its Share of Fatala Well
Guinea >> 6/7/2017 - Hyperdynamics Corporation (Hyperdynamics), announced the closing of a private placement offering (the "Offering") of Units of the Company's securities each consisting of (i) one share of the Company's...
Egypt Paid $1.5b in Arrears to IOCs in May, June
Egypt Paid $1.5b in Arrears to IOCs in May, June Egypt >> 6/6/2017 - Egypt has paid $1.5 billion in arrears to international oil companies in May and June, the Central Bank of Egypt’s (CBE) Assistant Deputy Governor Rami Aboul Naga told state-owned news agency MENA on ...
400,000 Euro for Projects in Lecce
Italy >> 6/6/2017 - TAP Italy officially launched the second edition of TAP Start, the small grants programme for non-profit organizations. ...
Alizz Islamic, Orpic Sign an Agreement for Petcoke Storage Facility
Oman >> 6/5/2017 - Alizz Islamic Bank signed an agreement with Oman Oil Refineries and Petroleum Industries Company - Orpic to provide Islamic financing facilities for the construction of a Petroleum Coke (petcoke) stor...
Dana Gas Appoints Advisers for $700 mln Sukuk Restructuring
United Arab Emirates >> 6/4/2017 - United Arab Emirates energy firm Dana Gas appointed Houlihan Lokey as financial adviser and Squire Patton Boggs as legal adviser for the restructuring of its $700 million sukuk maturing in October, so...
Gazprom & JBIC Discuss Cooperation Prospects
Russia >> 6/3/2017 - A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Tadashi Maeda, CEO and Executive Managing Director of Japan Bank for International Cooperation (JBIC), too...
CGG Reaches an Agreement in Principle on Financial Restructuring Plan
France >> 6/2/2017 - CGG has reached an agreement in principle on a financial restructuring plan (the “Agreement in Principle”) which meets the Company’s objectives of (i) full equitization of the existing unsecured debt,...
NOVATEK Signed an Additional Agreement with the Yamalo-Nenets Autonomous District
Russia >> 6/2/2017 - As part of today’s 21st Saint Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK”) signed an additional agreement to the Agreement on Cooperation with the Government of the Yamalo-Nenets A...

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