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Financials and Investment News

67,600 South Carolina Jobs Supported by Natural Gas & Oil
United States >> 8/1/2017 - API South Carolina released a new study showing that the U.S. natural gas and oil industry supported 67,600 jobs in the state and contributed $5.23 billion to the state’s economy in 2015. The study fo...
Saudi's SWCC Gets Bids to Advise on Desalination Scheme Privatisation
Saudi Arabia >> 8/1/2017 - Several banks have submitted bids to Saudi Arabia's Saline Water Conversion Corporation (SWCC) to advise on the privatisation of its $7.2 billion Ras Al Khair desalination and power plant, banking sou...
SeaBird Obtains All Consents Required for the Restructuring
Cyprus >> 8/1/2017 - SeaBird Exploration Plc (SeaBird) is pleased to announce that all consents required for the comprehensive restructuring announced 26 May 2017 have now been obtained. ...
Gulf Petrochem Group Closes US$150m Financing Deal
United Arab Emirates >> 7/31/2017 - Gulf Petrochem Group (GP), has successfully raised US$ 150 million from a group of international and local financial institutions based in the GCC. In an environment of continued low global oil prices...
Cancellation of 46.6 Million Shares Completed
Switzerland >> 7/31/2017 - Based on the capital reduction approved at the Annual General Meeting on April 13, 2017 and following the required waiting period, 46,595,000 shares of ABB Ltd repurchased under a share buyback progra...
Tidewater Successfully Completes Financial Restructuring & Emerges From Chapter 11 Bankruptcy
United States >> 7/31/2017 - Tidewater Inc. (TDW) announced that effective today the Company and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Seco...
TE Connectivity Prices Offering of $500m Senior Notes
Switzerland >> 7/31/2017 - TE Connectivity Ltd. (TE Connectivity) announced that its wholly-owned subsidiary, Tyco Electronics Group S.A. (TEGSA), has priced an offering of: ...
Senate Tax Hike is an Assault on Pennsylvania Families
United States >> 7/27/2017 - API Pennsylvania responded to the Senate’s proposal to raise taxes on Pennsylvania’s natural gas industry. ...
UAE’s ADNOC Starts Picking Banks for Planned Loan
United Arab Emirates >> 7/27/2017 - Abu Dhabi National Oil Company (ADNOC) has picked an initial group of banks to arrange a planned syndicated loan of up to $5 billion, banking sources familiar with the matter said. Bank of Tokyo-Mitsu...
Statoil Provides 2017 Second Quarter & First Half Results
Norway >> 7/27/2017 - Statoil reports adjusted earnings of USD 3.0 billion and adjusted earnings after tax of USD 1.3 billion in the second quarter of 2017. IFRS net operating income was USD 3.2 billion and the IFRS net in...
PSI Software with Continued Increase in Profits in First 6 Months
Germany >> 7/27/2017 - PSI Group increased new orders by 11 % to 111 million euros in the first six months of 2017 (30 June 2016: 100 million euros), the order backlog was, with 148 million euros on 30 June 2017, 3 % above ...
Halliburton Resolves Investigations Regarding Angola & Iraq Operations
Angola >> 7/27/2017 - Halliburton Company announced the resolution of the previously disclosed investigations regarding the Company's operations in Angola and Iraq. These investigations began after the Company received an ...
Seadrill Warns Again of Chapter 11 as Extends $14b Debt Talks
Norway >> 7/26/2017 - Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and liabilities and reiterated that Chapter 11 bankruptcy was likely. Once the biggest offshore rig firm by ma...
Canadian Environmental Assessment Agency Makes Funds for Nexen
Canada >> 7/26/2017 - The Canadian Environmental Assessment Agency (the Agency) is making funding available through its Participant Funding Program to assist the participation of the public and Indigenous groups in the fed...
Kuwait Seeks Energy Venture With Traders From Glencore to Vitol
Kuwait >> 7/25/2017 - OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn ...
IMF Sees Oil Making Up as Much as 4% of Battered Uganda Economy
Uganda >> 7/25/2017 - Uganda's new-found oil reserves may account for as much as 4 percent of its economy annually in coming years if managed well, the International Monetary Fund's country chief says. IMF Mission Chief fo...
Falcon Seaboard Launches $145 Million Permian Investment Fund
United States >> 7/24/2017 - Falcon Seaboard Resources, LLC announced the launch of the $145 million Falcon Seaboard Permian Fund I, LP. The fund is the first time David Dewhurst, the CEO and Chairman of Falcon Seaboard Diversifi...
UAE Oil Giant in Talks to Obtain Loan of up to $5 billion
United Arab Emirates >> 7/24/2017 - Abu Dhabi oil giant Adnoc is in talks to obtain a syndicated loan worth up to $5 billion, the latest sign that the region's giant oil companies are increasingly turning to the debt markets to fund exp...
Total & Worldline with InTouch to Support Deployment of Guichet Unique
Cameroon >> 7/24/2017 - Total and Worldline [Euronext: WLN] signed binding technological, commercial and financing agreements with African fintech InTouch on July 13, 2017. Under the agreements, Total and Worldline will supp...
Orpic Wins Project Finance Deal of the Year Award for LPIC Deal
Oman >> 7/24/2017 - As one of its values to aim for leading performance, Orpic has been awarded the perfect Project Finance Deal of the year (2016) from Trade and Export Finance Agency (TXF) for the LPIC project finance ...

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