Gulf Oil and Gas accountACCOUNT

Financials and Investment News

ION Announces Order in WesternGeco Patent Infringement Lawsuit
United States >> 11/18/2016 - ION Geophysical Corporation announced that on November 14, 2016, the trial court issued an order in the previously-reported lawsuit of WesternGeco L.L.C. v. ION Geophysical Corporation that reduced th...
Nigeria Reaches Deal to Pay $5.1b in Unpaid Bills to Oil Majors
Nigeria >> 11/17/2016 - Nigeria has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said. The Nigerian National Petroleum Corporatio...
SOCAR Budgetary Transfers for October 2016
Azerbaijan >> 11/16/2016 - SOCAR transferred AZN 125,345,000 to the state budget in October 2016. In general, overall budgetary transfers of the company totaled AZN 1,150,172,000 in January-October 2016. Moreover, SOCAR transfe...
Exxon in Negotiations with Chad over Record $74b Fine
Chad >> 11/15/2016 - Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tues...
Lukoil Raises $ 500m for Gissar Project in Uzbekistan
Uzbekistan >> 11/15/2016 - LUKOIL has raised USD 500 million in a 5-year unsecured loan at 3 month LIBOR+3.0% to finance the development of the Gissar group’s gas condensate fields in Uzbekistan. Soyuzneftegaz Vostok Limited, a...
Weatherford Announces Private Offering of $500 Million
United States >> 11/15/2016 - Weatherford International plc (Weatherford) announced the launch of a private offering (the "Offering") of $500 million aggregate principal amount of senior notes due 2024 (the "Notes") to qualified i...
North Sea Decommissioning to Grow Steadily in UK and Norway
United Kingdom >> 11/15/2016 - A new report forecasts a gradual but steady rise in offshore oil and gas decommissioning in the UK and Norway over the next ten years, with activity growing from a market worth over £2 billion in 2015...
Rosneft Has Cash for Deals Despite Profit Fall
Russia >> 11/13/2016 - Russia's top oil producer Rosneft reported strong cashflow on Friday, strengthening its position for a continuing acquisition drive despite a worse than expected 77 percent decline in third-quarter ne...
IMF Approves Biggest-Ever Mideast Loan to Revive Egypt’s Economy
IMF Approves Biggest-Ever Mideast Loan to Revive Egypt’s Economy Egypt >> 11/11/2016 - The International Monetary Fund approved a $12 billion loan program for Egypt to restore investor confidence and help revive an economy battered by years of political turmoil. ...
Balance of Supply and Demand - November 2016
Austria >> 11/11/2016 - Demand for OPEC crude in 2016 was revised up by 0.1 mb/d to stand at 31.9 mb/d, which is 1.9 mb/d higher than the 2015 level. In 2017, demand for OPEC crude is projected to be 32.7 mb/d, around 0.1 mb...
ADX Energy Announces Placements to Raise $802,000
Australia >> 11/9/2016 - ADX Energy Ltd is pleased to announce the completion of a two tranche placement to raise $802,000. Investors participating in the first tranche (Tranche 1) will participate proportionately in the seco...
San Leon Energy Announces Settlement with Avobone
Ireland >> 11/8/2016 - On 7 November 2016, Avobone N.V. and Avobone Poland B.V. (Avobone) (together, “Avobone”) and San Leon Energy Plc (San Leon) settled a number of ongoing disputes between them and between Avobone and ce...
OPEC & Non-OPEC Producers Agreement to Control Oil Market
OPEC & Non-OPEC Producers Agreement to Control Oil Market Venezuela >> 11/8/2016 - The Bolivarian Republic of Venezuela is committed to OPEC’s principles and fundamental objectives and continues to endeavor to achieve a much needed agreement among producers to restore the equilibriu...
Oil & Gas UK Calling on Government for a Recommitment to the Industry
United Kingdom >> 11/7/2016 - Trade body Oil & Gas UK has written to the Chancellor asking him to use his Autumn Statement later this month to help boost investor confidence in North Sea exploration and production. The North Sea o...
Bank Allots 40% of Resources to Oil, Energy Projects
Iran >> 11/6/2016 - Managing Director of Export Development Bank of Iran Ali Saleh Abadi says 30 to 40% of the bank's portfolio is used for funding oil, gas and petrochemical projects in Iran. ...
Woodfibre LNG to Proceed with Project
Canada >> 11/4/2016 - Woodfibre LNG Limited announced that its parent company Pacific Oil & Gas Limited, part of the Singapore-based RGE group of companies, has authorized the funds necessary for the Woodfibre LNG Project ...
Senegal at Crossroads as Oil Boom Looms
Senegal >> 11/4/2016 - In a report last week detailing sub-Saharan Africa's dire economic outlook, the International Monetary Fund singled out Senegal as a rare bright spot. One key reason: it does not produce oil. While lo...
Kuwait Petroleum Corp to Sell 2017 Gasoil, Jet Fuel at Lower Prices
Kuwait >> 11/3/2016 - Kuwait Petroleum Corp (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at nearly half the premiums of what it sold in 2016, traders said. ...
EMGS Reports Third Quarter 2016 Results
Norway >> 11/3/2016 - Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 4.5 million in the third quarter 2016, down from USD 16.3 million in the third quarter 2015 and from USD 15.1 million in the second quar...
Mitra Energy Announces US$68 Million New Funding
Malaysia >> 11/2/2016 - Mitra Energy Inc. (Mitra) is pleased to announce that, as a result of existing shareholders wishing to upsize their financing commitment to Mitra, the Company has decided that it will now be proceedin...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.