Gulf Oil and Gas accountACCOUNT

Financials and Investment News

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. ...
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...
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...
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...
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...
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...
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...
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 ...
Petroleum Demand Last Month Highest for February since 2008
United States >> 3/23/2017 - Total petroleum deliveries in February moved up 0.1 percent from February 2016 to average 19.7 million barrels per day. These were the highest February deliveries in nine years, since 2008. Compared w...
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...
Aramco Plans $2B Bond Debut
Saudi Arabia >> 3/22/2017 - Saudi Arabian Oil Co. (Saudi Aramco ) is seeking to raise about $2 billion in its debut bond sale, the first step of a plan by the energy giant to tap markets for $10 billion, according to people fami...
Uganda Seeking $500m Loan from China for Roads in Oil Area
Uganda >> 3/22/2017 - Uganda has asked China for a $500 million loan to help build almost 600 km (360 miles) of roads in the country’s oil-rich west, amid criticism over heavy borrowing that has ballooned the country’s deb...
Mozambique to Get $350 Million in Tax from Eni-Exxon Deal
Mozambique >> 3/21/2017 - Mozambique will get $350 million in capital gains tax from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to Exxon Mobil Corp, senior tax official Anibal Mbalango said...
Hyperdynamics Corp. Closes Private Placement
Guinea >> 3/21/2017 - Hyperdynamics Corporation (Hyperdynamics), announced the closing of a private placement offering (the "Offering") in which it sold 680 units of securities for aggregate proceeds of $680,000, before de...
Egypt Aims to Raise 6b Pounds from Sale of Stakes in State Firms
Egypt Aims to Raise 6b Pounds from Sale of Stakes in State Firms Egypt >> 3/21/2017 - Egypt aims to raise 6 billion pounds ($329 million) from the sale of stakes in state companies in the 2017/18 financial year, Finance Minister Amr El Garhy told Reuters, part of government efforts to ...
Gazprom & Vnesheconombank Discuss Cooperation Issues
Russia >> 3/21/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Gorkov, Chairman of Vnesheconombank, took place at the Gazprom headquarters today. The parties discuss...
Touchstone Announces Reduction in East Brighton Letter of Credit
Trinidad and Tobago >> 3/21/2017 - Touchstone Exploration Inc. (TXP) announces that the Trinidad and Tobago Minister of Energy and Energy Industries (MEEI) approved a reduction of the Company’s letter of credit supporting required work...
Saudi Oil Minister Says Output Cuts May be Extended if Necessary
Saudi Arabia >> 3/17/2017 - A deal to cut oil output by the Organization of the Petroleum Exporting Countries could be extended if inventories remain above average, Saudi Energy Minister Khalid al-Falih said in an interview with...

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 © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.