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Aramco, Petronas to Finalize RAPID Deal after Resolving Technical Issues
Malaysia >> 11/3/2017 - Malaysian state energy company Petronas and Aramco are facing “technical issues” in finalising the Saudi oil major’s $7 billion investment in a refinery project, but the deal will be completed soon, s...
Saudi Seeks $500B Business Zone with Jordan, Egypt
Saudi Arabia >> 10/31/2017 - The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into Jordan and Egypt, saying the project could benefit the ...
UAE’s Dana Gas Leaves Maturing Sukuk Unpaid but No Default Declared
United Arab Emirates >> 10/31/2017 - United Arab Emirates energy producer Dana Gas will not redeem some $700 million of its Islamic bonds when they mature as a dispute on the validity of the sukuk drags on in British and UAE courts, sour...
Oil Extends Two-Year High as Saudis, Russia Back Prolonged Cuts
Russia >> 10/30/2017 - Brent crude extended its rally to a two-year high as OPEC and Russia signaled they'll prolong supply cuts, while instability in Iraq's Kurdish region persisted. The global benchmark rose 0.8 percent, ...
Sinopec's Oil Refining Overcomes Continued Upstream Losses
China >> 10/30/2017 - China Petroleum & Chemical Corp., the world’s biggest refiner, said third-quarter profit advanced 13 percent as earnings from refining offset upstream and impairment losses. ...
Victoria Oil & Gas Raises Gross Proceeds of US$23.5mln
Cameroon >> 10/25/2017 - The proceeds are earmarked for a new growth campaign which will include a new well, an upgrade to gas processing facilities, and expanded pipeline infrastructure in and around the city of Douala in Ca...
Otto Raises A$8.5 Million in Heavily Oversubscribed Placement
Australia >> 10/25/2017 - Otto Energy Limited (Otto) has successfully raised A$8.5 million through a placement, attracting strong interest from new and existing institutional and sophisticated investors. ...
Gazprom Makes First Direct Transactions on MOEX FX Market
Russia >> 10/24/2017 - Gazprom obtained direct access to trading and made its first transactions on the FX Market of Moscow Exchange (MOEX). Foreign exchange transactions via MOEX allow Gazprom to increase the economic effi...
Saudi and Iraq Satisfied with Oil Market Recovery
Saudi Arabia >> 10/22/2017 - Saudi Arabia and Iraq expressed satisfaction with the orientation of the global oil market towards recovery as a result of a deal to boost prices by limiting production, Saudi state media reported. ...
Wentworth Updates Tanzanian Payments
Tanzania >> 10/20/2017 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders. The Company is pleased to confirm that it is continuing to...
Baker Hughes: Projects in Kuwait will Boost Value Added Oil
Kuwait >> 10/19/2017 - Oil projects currently carried out in Kuwait would promote value added to oil industry in the country, Sufyan Knoon, Regional Manager of Baker Hughes in Gulf and Turkey, said. Speaking to KUNA on the ...
Norwest Energy Announces Placement to Raise A$1 Million
Australia >> 10/18/2017 - Norwest Energy NL has received irrevocable commitments from sophisticated and professional investors for a placement of up to approx. 250 million shares at an issue price of $0.004 per share to raise ...
Statoil’s Share Saving Plan Allocates Shares
Norway >> 10/18/2017 - The shares purchased by DNB on behalf of Statoil ASA on 13 October 2017 for use in the group's Share Saving Plan have on 18 October 2017 been distributed to the employees in accordance with their savi...
SOCAR’s Budget Payments for September 2017
Azerbaijan >> 10/17/2017 - SOCAR paid AZN 117 million 330 thousand to the State Budget for September of the current year. In general, for January-September 2017, SOCAR transferred AZN 1 billion 165 million 678 thousand (AZN 140...
Balance of Supply and Demand in 2018 - October 2017
Balance of Supply and Demand in 2018 - October 2017 Austria >> 10/16/2017 - OPEC crude for 2018 was revived up by more than 0.2 mb/d from the previous month to 33.1 mb/d representing an increase of 0.3 mb/d over 2017. ...
NU-Oil and Gas Wins Best Performing Stock at AIM Awards 2017
United Kingdom >> 10/16/2017 - NU-Oil and Gas plc was awarded Best Performing Share at the recent AIM Awards 2017. Best Performing Share is a factual award based on share price performance over the period of assessment, being 1 Aug...
BP Midstream Partners LP Launches Initial Public Offering
United Kingdom >> 10/16/2017 - BP Midstream Partners LP (“BP Midstream Partners” or the “Partnership”), a limited partnership formed by an indirect, wholly-owned subsidiary of BP p.l.c., has commenced the initial public offering of...
Costs Rise for Norway's Martin Linge Oilfield Development
Norway >> 10/12/2017 - The cost of developing Total’s Martin Linge oil and gas field off the coast of Norway has risen by a further 1.4 billion Norwegian crowns ($177 million) in the last year to 41.3 billion, the governmen...
Chevron Announces $500,000 for California Fire Relief Efforts
United States >> 10/11/2017 - Chevron announced a contribution of $500,000 from the Chevron Global Community Fund to the American Red Cross in support of immediate relief efforts for the wildfires in Northern and Southern Californ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 10/11/2017 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 39.50 million from the Kurdistan Regional Government as payment towards July 2017 crude oil deliveries to the export market from th...

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