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Gazprom Creates Commission on Strengthening Financial Discipline for Domestic Gas Supplies
Russia >> 7/14/2017 - The Gazprom Board of Directors held a meeting in absentia. The decision was taken to create a Commission under the Board of Directors to strengthen financial discipline for domestic gas supplies in th...
DoJ Seeks Forfeiture of Assets in Nigerian Corruption Complaint
Nigeria >> 7/14/2017 - The Department of Justice announced the filing of a civil complaint seeking the forfeiture and recovery of approximately $144 million in assets that are allegedly the proceeds of foreign corruption of...
Saudi Aramco Drilling Co Seen Starting Commercial Operations in Q3
Saudi Arabia >> 7/13/2017 - The Saudi Aramco Nabors Drilling Co (SANAD) joint venture is expected to start commercial operations in the third quarter of this year, Saudi Aramco said in its weekly magazine, the Arabian Sun. *Saud...
Minister of Petroleum Celebrating Final Installment Payment of EDCO Liquefaction Plant
Minister of Petroleum Celebrating Final Installment Payment of EDCO Liquefaction Plant Egypt >> 7/12/2017 - During a meeting organized by Shell on the occasion of final installment payment of EDCO liquefaction plant project, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources clarified that EDC...
Balance of Supply and Demand - July 2017
Austria >> 7/12/2017 - Demand for OPEC crude in 2017 is estimated at 32.3 mb/d, which is 0.3 mb/d higher than the 2016 level. In 2018, the demand for OPEC crude is projected at 32.2 mb/d, which is around 0.1mb/d less than ...
$750m Salalah Ammonia Project Nearing Financial Closure in Oman
Oman >> 7/12/2017 - Having nailed down contracts for its $826 million Salalah LPG Extraction Project, Oman Oil Company (OOC) — the wholly government-owned energy investment arm — is now gearing up to deliver its next pet...
Silverback Exploration II Forms with $500m Equity Commitment
United States >> 7/10/2017 - Silverback Exploration II, LLC (Silverback II), an independent oil and gas exploration company based in San Antonio, has secured an initial equity commitment of $500 million from EnCap Investments L.P...
SOCAR Says Returned To Profit Last Year
Azerbaijan >> 7/7/2017 - Azeri state energy company SOCAR made a net profit of 350 million manats ($206 million) last year, which compared with a net loss of 1.584 billion manats in 2015, the company said on Friday. ...
Altona Energy Raises £150,000 from Placing Shares
United Kingdom >> 7/7/2017 - Altona Energy Plc has raised £150,000 from a placing of 100,000,000 new ordinary shares of 0.1p each in the Company (the “Placing Shares”) at an issue price of 0.15p per share through a placing with n...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 7/6/2017 - Genel Energy plc announces that the Taq Taq field partners have received a gross payment of $13.38 million from the Kurdistan Regional Government (‘KRG’) for oil sales during April 2017. Genel’s net s...
DNO Reports Payment for Tawke Deliveries
Iraq >> 7/6/2017 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 40.66 million from the Kurdistan Regional Government as payment towards April 2017 crude oil deliveries to the export market from t...
BOEM Completes Analysis of Royalty Rates for Offshore Oil & Gas Leases
United States >> 7/6/2017 - BOEM has completed an analysis of our royalty rates and have decided to set the royalty rate at 12.5 percent for leases located in water depths less than 200 meters in the proposed Gulf of Mexico (GOM...
80$ Billion in Revenues from the SP Phase 11 Development Plan
Iran >> 7/4/2017 - Iran will be benefited from the deal signed with energy giant Total for developing the 11th phase of the South Pars gas field, literally earn 80 billion dollars of revenue, the managing director of Na...
Ecopetrol Announces $1,925m Early Repayment of Syndicated Bank Loan
Colombia >> 6/30/2017 - Ecopetrol S.A (EC) reports that it will repay in advance its entire syndicated bank loan contracted with the international banking. The credit has a nominal value of USD$ 1,925 million which original ...
OGA Provides New Estimates on the Cost of UK Oil & Gas Decommissioning
United Kingdom >> 6/29/2017 - The Oil and Gas Authority (OGA) has published a report which provides a new cost estimate for offshore oil and gas decommissioning in the UK Continental Shelf (UKCS). ...
Lansdowne in GBP 350,000 Loan Agreement with Brandon Hill Capital
Ireland >> 6/29/2017 - Lansdowne Oil & Gas plc (Lansdowne) is pleased to confirm that on 28 June 2017 the Company entered into a Loan Agreement (Loan) for GBP 350,000 with its major shareholder Brandon Hill Capital Limited....
Cook Inlet Federal Lease Sale Yields more than $3m in High Bids
United States >> 6/21/2017 - Cook Inlet Lease Sale 244 -- the first lease sale held in Alaska’s federal waters since 2008 -- today garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off So...
Cenovus Plans to Grow Free Funds Flow 14% a Year through 2021
Canada >> 6/20/2017 - Cenovus Energy Inc. put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel ...
Vladimir Putin Received Igor Sechin in Kremlin
Russia >> 6/20/2017 - Vladimir Putin received Chief Executive Officer of Rosneft Igor Sechin in the Kremlin. The Company's development, results of its privatization, as well as changes in dividend policy were discussed at ...
Total Exercises Option to Farm-in to Providence's FEL 2/14
Ireland >> 6/20/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a commercial update on the Exclusive Option (the “Option”) entered into with TOTAL E&P IRELAND B.V. (TOTAL) and a...

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