Gulf Oil and Gas accountACCOUNT

Financials and Investment News

Gazprom & JBIC Discuss Cooperation Prospects
Russia >> 6/3/2017 - A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Tadashi Maeda, CEO and Executive Managing Director of Japan Bank for International Cooperation (JBIC), too...
CGG Reaches an Agreement in Principle on Financial Restructuring Plan
France >> 6/2/2017 - CGG has reached an agreement in principle on a financial restructuring plan (the “Agreement in Principle”) which meets the Company’s objectives of (i) full equitization of the existing unsecured debt,...
NOVATEK Signed an Additional Agreement with the Yamalo-Nenets Autonomous District
Russia >> 6/2/2017 - As part of today’s 21st Saint Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK”) signed an additional agreement to the Agreement on Cooperation with the Government of the Yamalo-Nenets A...
LUKOIL & Samara Region Government Sign Additional Cooperation Agreement
Russia >> 6/1/2017 - President of LUKOIL Vagit Alekperov and Governor of Samara Region Nikolay Merkushkin signed an additional agreement on social and economic cooperation. The signing ceremony took place during the Saint...
Oil & Gas UK Launches Industry Blueprint for Next UK Government
United Kingdom >> 5/31/2017 - A blueprint outlining four key priorities the next UK Government should focus on to help secure the future of the North Sea oil and gas industry is launched today (31 May) by Oil & Gas UK. Presented a...
Otto to Raise $8.2 Million for SM-71 Development in GoM
United States >> 5/29/2017 - Otto Energy Limited (Otto) has entered into binding agreements to raise US$8.2 million via an issue of secured convertible notes (Issue). Terms have been agreed with Molton Holdings Limited, a major O...
Marubeni Signs PPA for 1.18GW Sweihan Solar Plant in UAE
United Arab Emirates >> 5/29/2017 - Marubeni Corporation announces that Sweihan PV Power Company, owned by Marubeni (20%), JinkoSolar Holding Co., Ltd (20%) and Abu Dhabi Water and Electricity Authority (60%), signed a limited-recourse ...
172nd OPEC Meeting Smoothest Since 2013
Iran >> 5/28/2017 - Iranian Minister of Petroleum Bijan Zangeneh says the 172nd meeting of member states of the Organization of the Petroleum Exporting Countries (OPEC) was the “simplest” one since 2013. ...
Iran Not Expecting OPEC Call to Cut Output
Iran >> 5/27/2017 - Iran’s Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets...
InfraStrata Announces Placing to Raise £130,000
United Kingdom >> 5/26/2017 - InfraStrata plc, the independent gas storage company, provided an update on its Islandmagee project and financial position in an announcement on 22 May 2017. The announcement stated, inter alia, that ...
OPEC Extends Oil Output Cut by Nine Months to Fight Glut
Austria >> 5/25/2017 - OPEC decided to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in...
Kuwait National Petroleum Signs $6.25 bln Loan for Clean Fuels Project
Kuwait >> 5/24/2017 - Kuwait National Petroleum Co (KNPC) has signed a $6.25 billion loan with international lenders to back its planned Clean Fuels project, the company announced. The financing was backed by seven export ...
OPEC Set to Prolong Oil Cuts as Delegates Predict Smooth Meeting
Austria >> 5/23/2017 - OPEC will likely agree to extend production cuts for another nine months, delegates said as the oil producer group meets this week to debate how to tackle a global glut of crude. ...
Odebrecht Oil & Gas Signs Reorganization Plans
Brazil >> 5/23/2017 - Odebrecht Oleo e Gas S.A. (OOG) and certain subsidiaries have entered into an agreement with a group of creditors to restructure their financial debt. This process will occur by means of an extrajudic...
Andalas Energy & Power Provides Placing, Lifting of Suspension
United Kingdom >> 5/23/2017 - Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company, has conditionally raised £600,000 via a placing (the Placing) of 600,000,000 ordinary shares of nil par value (the ‘Plac...
Balance of Supply and Demand in 2017 - May 2017
Balance of Supply and Demand in 2017 - May 2017 Austria >> 5/22/2017 - Demand for OPEC crude in 2017 was revised down by 0.3 mb/d from the previous month, mainly due to the upward revision in non-OPEC supply as world oil demand remained almost unchanged. Within the quart...
Review Strategic Options for Islandmagee Gas Storage Project
United Kingdom >> 5/22/2017 - InfraStrata (INFA) is launching a review of the strategic options open to the Company to maximise value for shareholders. Accordingly, the Company is undertaking a careful evaluation of its business p...
UKOG Placing Triggers Important Next Phase of Weald Basin Activities
United Kingdom >> 5/19/2017 - UK Oil & Gas Investments PLC (UKOG) has raised gross proceeds of £6.5 million through the placing of 12,500,000 new ordinary shares in the Company (New Shares) at 0.8 pence per New Share largely with ...
Dana Gas Receives Partial Payment of $50M from the Egyptian Government
United Arab Emirates >> 5/18/2017 - Dana Gas has received an initial payment of US$ 50 million (AED 184 million) from the Egyptian Government as partial payment of its outstanding receivables. ...
Riverstone Holdings & JOG Capital Lead C$305 Million Financing Round
Canada >> 5/17/2017 - Vesta Energy Corp. (Vesta) has entered into definitive agreements with respect to a C$295 million equity financing round (the "Transaction") priced at C$4.50/share, co-led by energy private equity fir...

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.