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Westport Fuel Systems Secures €7 Million Loan from Deutsche Bank
Canada >> 8/11/2020 - Westport Fuel Systems Inc. have secured a €7 million loan from Deutsche Bank to improve liquidity during the COVID-19 pandemic and finance capital investments for long-term growth. ...
Hermitage Offshore & 28 Subsidiaries File Voluntary Chapter 11
Bermuda >> 8/11/2020 - Hermitage Offshore Services Ltd. and 28 of its subsidiaries including all its vessel-owning subsidiaries (collectively, the “Company”) announced that they have filed voluntary petitions for reorganiza...
Petrofac Limited Results for the Six Months Ended 30 June 2020
United Kingdom >> 8/11/2020 - - Continuing to safely execute our projects and operations worldwide

- On track to deliver US$125 million of cost savings in 2020 and up to US$200 million in 2021

- Trading and a...
Commodity Hedge Program
Australia >> 8/10/2020 - Tap Oil Limited has entered into commodity hedge contracts with BP Singapore Pte Limited (BPS)

Details regarding the 45,000 barrels of contracted hedges with BPS are as follows:
• 27...
Aramco Announces Second Quarter and Half-year 2020 Results
Saudi Arabia >> 8/9/2020 - The Saudi Arabian Oil Company has announced its results for the second quarter and first half of 2020, highlighting the Company’s financial and operational resilience, and commitment to shareholders d...
NNPC Signs Pact with Partners to Resolve OML 130 Dispute
Nigeria >> 8/8/2020 - In its bid to meet the target of revving up production to 3million barrels per day and unlock gas revenues to the tune of about $225 million in the short term and $510million in the long run for the...
MOL Group Releases 2020 Half Year Report
Hungary >> 8/7/2020 - Highlights of the period:
- Clean CCS EBITDA declined by 44% in Q2 2020 to USD 353mn, bringing H1 Clean CCS EBITDA to USD 975mn, 15% lower YoY

...
TransAtlantic Enters into Agreement & Plan of Merger and Loan and Security Agreement
Bermuda >> 8/7/2020 - TransAtlantic Petroleum Ltd. has entered into an Agreement and Plan of Merger and a Loan and Security Agreement. ...
Afreximbank Commits $400m to Mozambique’s LNG Project
Mozambique >> 8/6/2020 - The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US...
$2.25B Bonds for Leviathan Project
Israel >> 8/5/2020 - 1- On August 4, 2020, the pricing process of the Issue was completed, in which offers were received for the purchase of the Bonds in an amount significantly exceeding the amount offered in the Issue...
Canacol Energy Announces Closing of New Credit Agreements
Colombia >> 8/4/2020 - Canacol Energy Ltd. is pleased to provide the following update on certain new and existing credit facilities. All amounts are in USD. ...
Interim Results for the Six Months Ended 30 June 2020
United Arab Emirates >> 8/4/2020 - Financial Highlights

· Adjusted EBITDA increased by 34% to US$ 31.4 million (H1 2019: US$ 23.4 million) with an adjusted EBITDA margin of 63% (H1 2019: 43%). This reflects the ben...
Devon Energy Provides Update on Barnett Shale Asset Sale
United States >> 8/4/2020 - KEY HIGHLIGHTS

- Accelerating Barnett Shale closing to Oct. 1, 2020, from previously scheduled date of Dec. 31, 2020

- Board of directors declares a $100 million special d...
OGUK Launches New SME Forum to Support Smaller Businesses Under Pressure
United Kingdom >> 8/4/2020 - new forum dedicated to helping small and medium-sized businesses navigate the downturn has been launched by OGUK as it continues to help the sector stimulate a recovery.

The leading represe...
Fieldwood Energy LLV Commences Voluntary Chapter 11 Process
United States >> 8/4/2020 - Fieldwood Energy LLC and certain affiliates announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern...
Axxis Geo Solutions Announces Smart-Stack Cost Reduction Plans
Norway >> 8/3/2020 - Due to COVID-19, their exists significant uncertainty around the OBN market in H2-2020. In line with the company’s asset-light and cost-flexible business model, Axxis Geo Solutions (AGS) will transiti...
Apache Prices $1.25B Notes Offering
United States >> 8/3/2020 - Apache Corporation has priced $500 million in aggregate principal amount of 4.625% notes due 2025 and $750 million in aggregate principal amount of 4.875% notes due 2027 in an underwritten public offe...
SBM Offshore Completes $600M Bridge Loan for FPSO Sepetiba
Netherlands/Holland >> 8/1/2020 - SBM Offshore is pleased to announce the closure of a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba.
<...
Reliance & JERA Sign Loan Agreement
Bangladesh >> 7/31/2020 - Reliance Power Limited and JERA Co., Inc. through their project company, are developing a new gas-fired power generation project in Bangladesh (the “Project”). The project company has now signed a loa...
Noble Announces Comprehensive Financial Restructuring & Deleveraging Transaction
United States >> 7/31/2020 - Noble Corporation plc has entered into a restructuring support agreement (the "Agreement") with two ad hoc groups of the largest holders of the Company's outstanding bond debt regarding a consensual f...

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