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Statoil Adjusted Earnings of USD 3.3 Billion in Q1 of 2017
Norway >> 5/4/2017 - Statoil reports adjusted earnings of USD 3.3 billion and an IFRS net operating income of USD 4.3 billion in the first quarter of 2017. The IFRS net income was USD 1.1 billion. ...
Dana Gas to Start Restructuring Talks on Bond Due in October
United Arab Emirates >> 5/3/2017 - Dana Gas PJSC will ask bondholders to accept changed terms on $700 million of debt coming due in October as the energy producer based in the United Arab Emirates seeks to restructure debt for the seco...
Crude Oil Prices in April 2017
Azerbaijan >> 5/1/2017 - In April 2017, price for Brent crude oil in the world market was $52,54 per barrel, Urals oil - $51,75 and BTC FOB Ceyhan crude oil - $53,83.
ExxonMobil Earns $4 Billion during First Quarter 2017
United States >> 4/28/2017 - Exxon Mobil Corporation announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity p...
Swiss Court Fines Egypt $2 Billion, Muddies Mideast Gas Market
Swiss Court Fines Egypt $2 Billion, Muddies Mideast Gas Market Egypt >> 4/27/2017 - A Swiss court ordered Egyptian natural gas companies to pay Israel’s state-owned electricity provider $2 billion in fines for breach of previous contracts, a step that could complicate chances for the...
Seadrill Limited Reaches Agreement with Archer
Norway >> 4/26/2017 - Seadrill Limited (Seadrill), as part of its restructuring plans, has signed and closed an agreement with Archer and its lenders to extinguish approximately $253 million in financial guarantees provide...
Seadrill Extends Interim Funding to North Atlantic Drilling
Norway >> 4/26/2017 - Seadrill Limited (Seadrill) has amended the revolving credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary, to mature on June 30, 2017 and increased it to $50 million....
Tlou Energy Raises £4 Million for Botswana CBM Project
Botswana >> 4/26/2017 - Tlou Energy has raised a total of £4 million for its Botswana CBM project. Funds will be used to undertake additional field appraisal to expand Tlou’s independent gas Reserves and to finalise licencin...
Venezuela Talks Over Gas Deals to Allow Mixed Currency Payments
Venezuela >> 4/26/2017 - Venezuela is renegotiating licenses for its natural gas projects to incorporate mixed payments in local currency and U.S. dollars for gas sales, said a gas companies' union. ...
Talks with GM of China Development Bank
Talks with GM of China Development Bank Egypt >> 4/25/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received the General Manager of China Development Bank (CDB) and the accompanying delegation, where they discussed cooperation and part...
Italy’s Refiner Saras Clears All Oil Debt with Iran
Italy >> 4/22/2017 - Key Italian oil refiner Saras says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 2012. ...
Gas Commitment to Determine $2.3b Duqm Methanol Project
Oman >> 4/22/2017 -  A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanate’s commitment to supply natural gas as feedstock. ...
New Oil Contracts Will Rouse Iran’s Job Market
Iran >> 4/20/2017 - New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and trade restrictions, says Bijan Namdar Zanganeh, the o...
Iran South Pars Revenues Hit $191 Billion
Iran >> 4/19/2017 - Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the re...
UAE'S TAQA might Sell Some North American Oil & Gas Assets
United Arab Emirates >> 4/19/2017 - Abu Dhabi National Energy Company (TAQA) might sell some of its oil and gas interests in North America to raise capital for its core business, its chief operating officer told Reuters. The loss-making...
Peru to Issue up to $3b in Bonds to Finance State
Peru >> 4/18/2017 - Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017 to finance Petroperu, Energy and Mining Minister Gonzalo Tamayo. The funds would be used to h...
Bahrain National Gas Expansion Co Raises $515 mln Loan
Bahrain >> 4/17/2017 - Bahrain National Gas Expansion Co, a subsidiary of the country's National Oil and Gas Authority, signed a $515 million syndicated loan that will back part of the expansion of its gas processing facili...
U.S Judge Approves $2.6 Billion Fine for Odebrecht
Brazil >> 4/17/2017 - A U.S. judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay $2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S.,...
Balance of Supply and Demand - April 2017
Austria >> 4/12/2017 - Demand for OPEC crude in 2016 stood at 31.7 mb/d, which is 1.9 mb/d higher than 2015 levels. In 2017, the demand for OPEC crude is projected to reach 32.2 mb/d, around 0.6 mb/d higher than the previ...
Santos Repays US$250 Million of 2019 ECA Loan Facility
Australia >> 4/11/2017 - Santos has announced the early repayment of US$250 million of its US$12 billion Export Credit Agency (ECA) supported Uncovered Syndicated Facility, scheduled to mature in 2019. The repayment will be m...

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