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UAE's ADNOC to Sell at Least 10% of Fuel Distribution Business in IPO
United Arab Emirates >> 11/13/2017 - Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10 percent of its fuel distribution unit in an initial public offering in Abu Dhabi, as Gulf states step up plans to privatize energy asset...
Oman’s Duqm Refinery to Seek $6 bln Bank Funding Soon
Oman >> 11/13/2017 - Oman’s Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks for the debt financing it needs to back a $6 billion refinery project, banking sources familiar with the mat...
Balance of Supply and Demand - November 2017
Austria >> 11/13/2017 - OPEC crude in 2017 is estimated at 33.0 mb/d, which is 0.7 mb/d higher than the 2016 level. In 2018, demand for OPEC crude is projected at 33.4 mb/d, about 0.5 mb/d higher than the 2017 level. The se...
Kenya Offers Bigger Share of Oil Revenue to Local Communities
Kenya >> 11/10/2017 - Kenya’s government has proposed in a draft bill to give 30 percent of prospective oil revenue to the community where the resource was discovered, climbing down from its earlier proposal to cap the amo...
SOCAR’s Budget Payments for October 2017
Azerbaijan >> 11/10/2017 - SOCAR paid AZN 136 million 952 thousand to the State Budget for October of the current year (AZN 11 million 607 thousand or 9,3% more than the same period of 2016). In general, for January-October 201...
Gazprom & Unicredit S.p.A. Sign EUR 700 million Loan Agreement
Russia >> 11/9/2017 - In November, Gazprom and the Unicredit S.p.A. bank signed a five-year loan agreement worth EUR 700 million. The loan will be used by Gazprom for corporate purposes.
Noble Energy To Divest Non-Core DJ Basin Acreage For $608 Mln
United States >> 11/8/2017 - Noble Energy, Inc. has signed a definitive agreement with SRC Energy Inc. to divest approximately 30,200 net acres from the Company's non-core DJ Basin position in Weld County, Colorado. Included wit...
Genel Energy Received Payment under Receivable Settlement Agreement
Iraq >> 11/8/2017 - Genel Energy plc has received an override payment of $6.41 million from the Kurdistan Regional Government. The payment represents 4.5% of Tawke gross field revenues for the month of September 2017, as...
Cuadrilla Makes Compensation Payments to Residents Close to Fracking Site
United Kingdom >> 11/6/2017 - Cuadrilla has confirmed to local residents near its shale gas exploration site at Preston New Road, Lancashire, that the £100,000 community benefit payment for the second exploration well will be spli...
ADNOC Group company successfully issues a US$3 billion bond
United Arab Emirates >> 11/6/2017 - The Abu Dhabi National Oil Company (ADNOC) announced the successful issuance and closing of a US$3 billion bond, one of the largest non-sovereign bond offerings in the history of the Middle East. The ...
ADNOC Expected to Sign $6 billion Loan with 13 Banks
United Arab Emirates >> 11/5/2017 - Abu Dhabi National Oil Co (ADNOC), the United Arab Emirates oil giant, is expected to sign by the end of this week a $6 billion loan which has received commitments from a group of 13 banks, sources cl...
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...
Hyperdynamics Signs Agreement to Sell 40M Shares of Common Stock to CLNG for $6M
United States >> 11/3/2017 - Hyperdynamics Corporation has entered into a $6 million definitive agreement to issue and sell 40 million common shares at a price of $0.15 per share to CLNG Limited (Hong Kong) ("CLNG") or its affili...
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...
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. ...
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, ...
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. ...
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...
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...

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