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Gulf Keystone Receives Payment for Shaikan Crude
Iraq >> 10/26/2016 - Gulf Keystone confirms that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in August 2016. ...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 10/26/2016 - Genel Energy plc is pleased to announce that the Taq Taq field partners have received a gross payment of $22.18 million from the Kurdistan Regional Government ('KRG') for oil sales during August 2016....
Nigeria's State Oil Firm Plans No Pump Price Increase
Nigeria >> 10/25/2016 - Nigeria will not increase pump prices for motorists, the state oil firm NNPC said. NNPC asked "Nigerians not to engage in panic buying as there is no cause for alarm in respect of pump price increase ...
88 Energy Announces Placement to Raise A$11 Million
United States >> 10/25/2016 - 88 Energy Limited (88 Energy) has reached agreement (subject to settlement) regarding a placement to raise gross proceeds of A$11m (before fees and expenses) to two US-based institutional investors (t...
IFC Backs Sierra Leone Power Plant
Sierra Leone >> 10/24/2016 - IFC, a member of the World Bank Group, announced a commitment of $27 million in senior debt to support the Western Area Power Generation Project in Sierra Leone—the first of its kind in the country. T...
Saudi Aramco Denies $1bn Bid for Lyondell's Houston Refinery
United States >> 10/23/2016 - Saudi Arabian state oil giant Saudi Aramco [IPO-ARMO.SE] denied it had bid for the purchase of LynodellBasell Industries NV's [LYB.N] refinery in Houston. ...
Oil Prices Drop as Iraq Says doesn't Want to Join OPEC Cut
Iraq >> 10/23/2016 - Oil prices fell as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work. Brent crude futures LCOc1 were ...
Doriemus Raises £865,200 to Fund Drilling at Brockham & Horse Hill
United Kingdom >> 10/21/2016 - Doriemus PLC, the London traded UK focused oil and gas exploration and production investment company, is pleased to report the results of the Open Offer that was announced on 6 September 2016.
Tidewater Receives Limited Waiver Extensions from its Lenders & Noteholders
United States >> 10/21/2016 - Tidewater Inc. (TDW) has been in discussions with its principal lenders and noteholders to amend the company's various debt arrangements to obtain relief from certain covenants. Pending the resolution...
Oil Price could be $55 or $90 in Five Years
Austria >> 10/21/2016 - While most experts agree Opec will cut production, their views on how that will affect the market differ widely. Analysts generally assume the cartel, which once held the oil market in its thrall, wil...
Tower Resources Raises £0.56 Million through Open Offer
United Kingdom >> 10/20/2016 - Tower Resources plc (Tower), the AIM listed Africa focussed oil and gas exploration company, announced on 8 September 2016 the results of a placing of £1.03 million (US$1.35 million) and an intended O...
£70 Million Placing And Up To £4.4 Million Open Offer
United Kingdom >> 10/20/2016 - Hurricane is pleased to announce that it has conditionally raised gross proceeds of £70 million through a proposed issue of 205,882,353 Placing Shares at a price of 34 pence per share. ...
UAE's ENOC to Self-fund $1B Jebel Ali Refinery Expansion
United Arab Emirates >> 10/20/2016 - Emirates National Oil Co (ENOC) has decided it will self-finance the $1 billion expansion of its Jebel Ali oil refinery, having talked with regional and international banks about a potential loan, its...
Saudi's PetroRabigh Posts Narrower Q3 net Loss on Crude Spreads
Saudi Arabia >> 10/20/2016 - Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) reported a narrower net loss in the third quarter as favourable spreads on crude oil offset a modest fall in sales. ...
Saudi's SABIC Expects Challenging 2017 Sales Environment
Saudi Arabia >> 10/19/2016 - The chief executive of Saudi Basic Industries Corp (SABIC) said that he expected the sales environment for its products to be challenging in 2017. ...
Saudi's Falih Says Oil Market at End of Downturn
Saudi Arabia >> 10/19/2016 - Saudi Arabia's energy minister gave an upbeat message to an audience of industry executives, saying the oil market was at the end of a downturn and producer action to limit supply would help it improv...
MX Oil Updates on Nigerian Investment for OML 113
Nigeria >> 10/19/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that PR Oil and Gas Limited, the holder of its investment in OML 113, has now received US$1.2 million from the sale of the ...
WesternZagros to Receive Insurance Claim for Hasira 1 Well in Iraqi Kurdistan
Iraq >> 10/18/2016 - WesternZagros Resources Ltd. announces two news items. The first is that the Company has entered into a letter agreement with its major shareholder, Crest Energy International, LLC, to further extend ...
Oman Crude Oil Financial Contract Closes at US$49.75
Oman >> 10/18/2016 - The price of Oman Crude Oil Financial Contract, DME Oman, for December delivery, closed at US$49.75 a barrel at Dubai Mercantile Exchange at 12:30 p.m., Dubai time. ...
Gazprom Board of Directors Approves Adjusted Investment Program & Budget for 2016
Russia >> 10/18/2016 - The Gazprom Board of Directors approved the adjusted Investment Program, budget (financial plan), and cost optimization (reduction) program for 2016. ...

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