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Board of Directors Reviews Cost Optimization Options for 2017
Russia >> 3/1/2017 - The Gazprom Board of Directors took note of the information about Gazprom Group’s cost optimization (reduction) options for 2017. It was underscored that throughout the current year the Company would ...
Expensive Oil not to Benefit OPEC Members in Mid-Term
Iran >> 2/28/2017 - Too expensive crude oil does increase revenues of the Organization of the Petroleum Exporting Countries (OPEC) but would ultimately damage their economies because the rivals will increase output at hi...
The Swedish Energy Agency is Investing Heavily in a Carbon-Dioxide-Free Steel Industry
Sweden >> 2/27/2017 - SSAB's, LKAB's and Vattenfall's initiative for a carbon-dioxide-free steel industry has gained additional support from The Swedish Energy Agency. Today the agency passed a resolution to finance a 4-ye...
InfraStrata plc Raises £810,000 via Placing
United Kingdom >> 2/27/2017 - Further to the announcement made earlier today, InfraStrata plc, the independent gas storage company, is pleased to announce the completion of a placing of 162,000,000 new ordinary shares of 0.01p eac...
Pemex Improves Its Annual Net Results by 400 Billion Pesos
Mexico >> 2/27/2017 - Petroleos Mexicanos improved its annual net results for 2016 by over 400 billion pesos, a reduction of losses equal to 58 per cent, as compared to 2015. The above was a result of a greater operating e...
Ethiopia Mulls Road to Import Oil from War-Torn South Sudan
South Sudan >> 2/23/2017 - Ethiopia may finance a road linking it with South Sudan’s largest oilfields, allowing the war-ravaged country to sell its neighbor fuel produced at a planned new refinery, a South Sudanese official sa...
Talks with the Industrial and Commercial Bank of China in the Petrochemical Field
Talks with the Industrial and Commercial Bank of China in the Petrochemical Field Egypt >> 2/23/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received the Africa Region Manager of the Industrial and Commercial Bank of China (ICBC) , Evie Tsai, and the accompanying delegation. ...
Lundin's IPC Files Preliminary Prospectus in Alberta
Canada >> 2/23/2017 - In connection with the previously announced proposed reorganisation and spin-off by Lundin Petroleum AB (Lundin Petroleum) of its assets in Malaysia, France and the Netherlands into International Petr...
Lukoil & World Wildlife Fund Sign Roadmap For 2017
Russia >> 2/22/2017 - LUKOIL and the World Wildlife Fund (WWF) have approved a joint plan of actions for 2017, as part of a cooperation agreement. The roadmap was signed by Gleb Ovsyannikov, Head of Public Relations at LUK...
Chevron & Angola Government in Tax & Investment Talks
Angola >> 2/22/2017 - U.S. energy company Chevron is in talks with the Angolan government and state oil firm Sonangol to revise tax terms and any future investment will hinge on those talks, a senior company official was q...
Iran Will Finalize Contract with Total within Two Months
Iran >> 2/21/2017 - Iran's oil minister said that the first of its new contracts would be finalized with Total within two months, according to the Mehr News agency. ...
Delek Signs Agreement for Leviathan Financing
Israel >> 2/21/2017 - Delek Group announces that further to immediate report dated November 27, 2016 (Ref No. 2016-01-132058), with regard to a signature of a Commitment Letter for the signing of a financing agreement, the...
Questerre Closes $24 Million Private Placement
Canada >> 2/17/2017 - Questerre Energy Corporation (Questerre) has closed its previously reported private placement of 30.8 million Common Shares at NOK 5.00 or C$0.79 per Common Share for gross proceeds of NOK 154 million...
Solo Oil Announces Placing to Raise £2 Million
Tanzania >> 2/16/2017 - The Directors of Solo Oil plc has raised £2,000,000 (before expenses) through a Company sponsored placing (the "Placing") of 400,000,000 new ordinary shares of 0.01p (the "Placing Shares") at a price ...
Oman Considers Taking Early Payments for Oil to Avoid New Debt
Oman >> 2/16/2017 - The government of Oman is considering financing structures that let it get advance payments from oil traders, reducing the government's need to borrow more money from banks, sources familiar with the ...
Abu Dhabi's New $125 bln Fund to Start Operating in May 2017
United Arab Emirates >> 2/16/2017 - A $125 billion Abu Dhabi state investment firm, formed by merging two of the emirate's biggest funds, is expected to start operating in May, its chief executive said. ...
Secured Term Financing Facility of up to £4 million
United Kingdom >> 2/16/2017 - Gulfsands Petroleum plc, the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, is pleased to announce that it has finalised a Secured Term Facility of up to £4 million (the ...
The7thAnnual Zambia International Mining and Energy Conference & Exhibition (ZIMEC)
Zambia >> 2/16/2017 - The7thAnnual Zambia International Mining and Energy Conference & Exhibition (ZIMEC) supported and endorsed by the Government andthe Chamber of Mines, Zambia,will take place once again in Lusaka, from ...
Angus Applies for Admission of up to £3,500,000 of Secured Bonds
United Kingdom >> 2/16/2017 - Angus Energy has published an Information Memorandum (the “IM”) in connection with an application for admission of up to £3,500,000 sterling denominated secured bonds of denomination £1, with a maturi...
MX Oil Intends to Undertake a Placing to Raise £5,000,000
Nigeria >> 2/15/2017 - MX Oil, the AIM quoted oil and gas investing company, announces its intention to undertake a placing to raise approximately £5,000,000 (before expenses) through the issue of new ordinary shares in the...

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