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LEKOIL Agrees Advance Payment Facility with Shell
Nigeria >> 3/31/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, announces that its wholly owned subsidiary, LEKOIL Oil and Gas Investments Limited (LOGL), has agreed an...
ANP's Notice on Government Participation in Lula Field
Brazil >> 3/31/2017 - Petroleo Brasileiro S.A. – Petrobras informs that Consortium BM-S-11 received, on March 30th, 2017, a notice issued by the National Petroleum, Natural Gas and Biofuels Agency - ANP, regarding Lula Fie...
2017 Work Programme & Financing Agreed with Oil India
Russia >> 3/31/2017 - PetroNeft (PTR) an oil and gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to announce that it has...
Geoex to Acquire All Outstanding Shares in MultiClient Geophysical ASA
United Kingdom >> 3/30/2017 - Reference is made to Geoex Ltd's (Geoex) voluntary cash offer (the "Offer") for all outstanding shares of MultiClient Geophysical ASA (MCG) made on 19 January 2017, as amended. The acceptance period u...
Petrochina 2016 Profit Sinks 78% On Lower Crude Prices
China >> 3/30/2017 - China's largest oil and gas producer, PetroChina, on Thursday reported a drop of 78 percent in 2016 annual net profit, to its lowest since at least 2011, as it was hit by lower prices for crude oil an...
Saudi Aramco Formally Appoints Banks to Advise on Share Sale
Saudi Arabia >> 3/30/2017 - Saudi Aramco has formally appointed JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N) and HSBC (HSBA.L) as international financial advisers for its initial public offering, sources familiar with the ...
InfraStrata Repaid Loan from Baron Oil
United Kingdom >> 3/29/2017 - InfraStrata plc, the independent gas storage company, announces that following the completion of the placing to raise £810,000 before expenses announced on 27 February 2017, it has now repaid the £200...
Atlantic Petroleum Posts a Net Profit of DKK 12.4MM in 2016
United Kingdom >> 3/29/2017 - P/F Atlantic Petroleum announces its Annual Results for 2016. This company announcement should be read in conjunction with Atlantic Petroleum’s Condensed Consolidated Annual Report attached to this an...
Egypt to Halve Arrears with Oil Companies in Coming Weeks
Egypt to Halve Arrears with Oil Companies in Coming Weeks Egypt >> 3/29/2017 - Egypt expects to cut the $3.5 billion euros it owes to international oil companies by around half in coming weeks, the Egyptian oil minister said on Wednesday. ...
Board Approval for Sole Gas Project - Commences Equity Funding
Australia >> 3/29/2017 - Cooper Energy has announced that the Sole gas project has been approved as ready to proceed by the Company’s Board of Directors and that finalisation of financing has commenced with a fully underwritt...
Saudi Arabia Sweetens Huge Aramco IPO with Tax Cut
Saudi Arabia >> 3/28/2017 - Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest e...
Overdue Gas Debt of Russian Consumers Shows Slower Growth
Russia >> 3/28/2017 - The Gazprom Board of Directors reviewed the information about the strengthening of the financial discipline with regard to domestic gas supplies and about the Company's efforts aimed at addressing gas...
API Welcomes Trump Administration’s Executive Order
United States >> 3/27/2017 - API President and CEO Jack Gerard called President Trump’s “Energy Independence” executive order an important step forward in restoring common sense regulations that are needed to advance the U.S. ene...
Mizuho & Marubeni Agree to Explore Opportunities to Provide New Finance Service in the ASEAN Region
Japan >> 3/27/2017 - Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato, “Mizuho FG”), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi, “Mizuho Bank”), and Marubeni Corporation (President & CEO: Fumiy...
Forecast for 2017 Balance of Supply and Demand - March 2017
Forecast for 2017 Balance of Supply and Demand - March 2017 Austria >> 3/27/2017 - Demand for OPEC crude in 2017 was revised up by 0.2 mb/d from the previous month. Within the quarters, the first and the second quarters were revised up by 0.4 mb/d and 0.2 mb/d, respectively, while b...
Tethys Petroleum Limited to Cancel Listing in United Kingdom
United Kingdom >> 3/24/2017 - Tethys Petroleum Limited (Tethys) has applied to the United Kingdom Listing Authority (UKLA) to cancel the standard listing of the Company’s ordinary shares (the “Shares”) from the Official List of th...
EMGS Reports Approximately USD 3.7 Million in Sales
Norway >> 3/24/2017 - Electromagnetic Geoservices ASA (EMGS) has entered into agreements involving data licensing (prefunding and late sales) related to 3D EM data in the Barents Sea, Norway. The agreements represent reven...
API Welcomes Repeal of Uncertain, Harmful ONRR Valuation Rule
United States >> 3/24/2017 - API Upstream and Industry Operations Group Director Erik Milito welcomed the Interior Department’s Office of Natural Resources Revenue (ONRR) plan to repeal its regulation on valuing royalties from oi...
NNPC to Recover $184 Million Crude SWAP Under-Deliveries from Companies
Nigeria >> 3/24/2017 - The Nigerian National Petroleum Corporation, NNPC, is set to recover over $184 million in product under-deliveries recorded against three oil companies in the course of reconciliation of transactions ...
One Million Euro Funding to Encourage Oil & Gas Innovation
United Kingdom >> 3/23/2017 - The Industry Technology Facilitator (ITF) and the Oil & Gas Innovation Centre (OGIC) have joined forces to fund and support the development of innovations which could reduce costs, raise production ef...

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