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Financials and Investment News

Completion of Fully Subscribed Private Placement
United Kingdom >> 4/8/2020 - Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has received conditional approval for th...
Kosmos Successfully Completes Reserve Based Lending Facility Re-determination
Mauritania >> 4/8/2020 - Kosmos Energy has successfully completed the re-determination of its reserve based lending credit facility (“RBL”). In addition, the company has identified a further $75 million in cost reductions acr...
Seadrill Receives Notice from NYSE regarding Continued Listing Standard
Norway >> 4/8/2020 - Seadrill Limited announced that on March 26, 2020, the Company has received written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the NYSE continued l...
Financing of up to CAD$921,000 by Private Placement
Canada >> 4/6/2020 - Zenith Energy Ltd., is seeking approval to issue up to 75,000,000 new common shares ("Private Placement") to a selection of high net-worth private investors to raise gross proceeds of up to approximat...
OGUK Launches Survey to Understand Issues Facing Supply Chain
United Kingdom >> 4/3/2020 - The leading representative body for the UK offshore oil and gas industry has launched a survey in a bid to help find solutions to the problems faced by the supply chain as it deals with the impact of ...
Receipt of Payment for KRI Oil Exports
Iraq >> 4/2/2020 - Genel Energy plc announces that full payment has been received from the Kurdistan Regional Government ('KRG') for oil sales during October 2019. The Taq Taq partners have received a gross payment of $...
Receipt of Payment for KRI Oil Exports
Iraq >> 4/1/2020 - Genel Energy plc notes the announcement by the operator of the Tawke licence, DNO ASA, that the Tawke field partners have received $77.2 million from the Kurdistan Regional Government as payment for O...
Execution of Debt Capital Market Transactions
Norway >> 4/1/2020 - On Wednesday April 1, 2020 Equinor ASA, guaranteed by Equinor Energy AS, executed a total of USD 5 billion in the debt capital market. The debt capital market transaction consists of the following tra...
Echo Energy Provides Update on Proposed debt Restructuring
Argentina >> 4/1/2020 - Echo Energy, the Latin American focused upstream oil and gas company, provides a further update on the proposed restructuring of the Company's existing debt to defer all cash interest payments during ...
Update on Financial Situation and Process with Lenders
Norway >> 4/1/2020 - Prosafe refers to the information on its financial status and process with lenders that was provided in the Q4 2019 report published on 6 February 2020, as well as previous update on lender discussion...
TC Energy Keystone XL Pipeline Moves Forward after Alberta Commits $1.1B
United States >> 3/31/2020 - TC Energy Corp would proceed with its $8 billion Keystone XL pipeline with financial backing from the oil-rich province of Alberta, pushing the long-delayed project forward amid a global oil market co...
Equinor Launches $3B Action Plan to Strengthen Financial Resilience in 2020
Norway >> 3/25/2020 - Equinor presents updated outlook for 2020 and an around USD 3 billion action plan to strengthen the financial resilience in a market impacted by the COVID-19 and low commodity prices. Equinor can be o...
Eni, COVID-19 Update: 2020-2021 Business Plan Revision
Italy >> 3/25/2020 - With respect to the information disclosed to the market on 18 March 2020, Eni has concluded in advance a revision to its planned activities as a result of the sharp decrease in commodities prices and ...
Talos Energy Announces Additional Budget Reductions & Provides Updated 2020 Guidance
Mexico >> 3/23/2020 - Talos Energy Inc. announced updated full year 2020 financial guidance, inclusive of $170.0 million of reductions in capital, operating and G&A expenses. The Company will continue to evaluate additiona...
COVID-19 & Oil Price War could Derail 2/3 of the World’s Oil & Gas Project Sanctioning in 2020
Guyana >> 3/23/2020 - The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project ...
Total Announces Immediate Action Plan in Context of Sharp Decrease in Oil Prices
France >> 3/23/2020 - Patrick Pouyanne, Chairman & CEO of Total, addressed the Group’s employees on March 19 to mobilize them in the face of the challenges ahead. He recalled the resilience that the Group’s teams demonstra...
Suspending Buy Back under the Share Buy Back Program until Further Notice
Norway >> 3/22/2020 - Equinor is under the current market conditions suspending buy-back under the share buy-back programme until further notice. Additionally, Equinor has started to implement measures to reduce operating ...
Coronavirus, Gas Slump Put Brakes on Exxon's Giant Mozambique LNG Plan
Mozambique >> 3/21/2020 - Exxon Mobil is likely to delay the greenlighting of its $30 billion liquefied natural gas (LNG) project in Mozambique as the coronavirus disrupts early works and a depressed gas market makes investors...
OKEA Provides Operational and Financial Update
Norway >> 3/20/2020 - The industry is in the midst of an unprecedented combination of a global pandemic coupled with a dramatic fall in oil prices. The Board of Directors and the Management team of OKEA have been working c...
Revised 2020 Capex Guidance and Update on the Southwest Vietnam Gas Development
Vietnam >> 3/19/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, provides an update on its 2020 capital expenditure guidance.

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