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Omani Oil Majors in Talks on $4.35b Loans
Oman >> 4/17/2016 - Two major Omani state-owned oil companies are in negotiations regarding loan facilities worth a combined $4.35 billion, sources aware of the matter said, as the duo turn to bank markets for finance in...
Gabon Seeks Return to OPEC
Gabon >> 4/15/2016 - The African nation of Gabon wants to rejoin OPEC after more than two decades, two OPEC sources said, becoming the second former member in a year to seek a return to the oil exporters' group just as it...
Mexico Gives $4.2b Liquidity Boost to Pemex Finances
Mexico >> 4/13/2016 - Mexico's finance ministry announced a series of measures to improve national oil company Pemex's ailing finances, giving it a 73.5 billion peso ($4.2 billion) liquidity boost. ...
Balance of Supply and Demand - April 2016
Austria >> 4/13/2016 - Demand for OPEC crude in 2015 remained unchanged from the previous report to stand at 29.7 mb/d, which is 0.1 mb/d less than the 2014 level. In 2016, the demand for OPEC crude is projected at 31.5 m...
Victoria Secures $26m Debt Facility to Support Logbaba Expansion
Cameroon >> 4/13/2016 - Victoria Oil & Gas Plc, the integrated natural gas producing utility, is pleased to announce that its wholly-owned subsidiary Gaz du Cameroun S.A. ("GDC") has agreed a US$26m debt facility to support ...
Engie & Gazprom Agree on Long-term Gas Price Revision
Russia >> 4/12/2016 - French gas and power group Engie and Russia's Gazprom Export have agreed to adapt the price of long-term gas supply contracts to fit market conditions, Engie said in a statement on Tuesday. ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 4/12/2016 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 20.11 million from the Kurdistan Regional Government for March crude oil deliveries to the export and local markets from the Tawke ...
Tap Oil Provides Funding & Thailand Exploration Update
Thailand >> 4/11/2016 - Tap Oil Limited provides the following Funding and Exploration drilling update. ...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 4/11/2016 - Genel Energy plc announced that the Taq Taq field partners have received a gross payment of $19.88 million from the Kurdistan Regional Government (‘KRG’) for oil sales during March 2016. Genel’s share...
Keppel Land Subscribes for VND 500b Convertible Bonds
Singapore >> 4/8/2016 - Keppel Land Limited (Keppel Land), through its indirect subsidiary, Ibeworth Pte. Ltd. (Ibeworth), has entered into a subscription agreement with Nam Long Investment Corporation (NLG), a leading affor...
Statement by IMF Deputy Managing Director Min Zhu on Angola
Angola >> 4/6/2016 - Mr. Min Zhu, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today: ...
Forecast for 2016 Balance of Supply and Demand - March 2016
Forecast for 2016 Balance of Supply and Demand - March 2016 Austria >> 4/6/2016 - Demand for OPEC crude for 2016 was revised down by 0.1 mb/d from the previous report and projected to increase by 1.8 mb/d to average 31.5 mb/d. Within the quarters, the first quarter was revised down...
Erin Energy Announces Agreement with Zenith Bank on Terms of Loan Facility
Norway >> 4/4/2016 - Erin Energy Corporation has obtained a waiver to the funding requirements of the Debt Service Reserve Account associated with the Zenith Bank Note until December 31, 2016. The Company was also granted...
Saudi Arabia to Sell Stake in Parent of State Oil Giant by 2018
Saudi Arabia >> 4/1/2016 - Saudi Arabia plans to sell a stake “of less than 5 percent” in the parent of its state-owned oil company, the kingdom’s deputy crown prince said, revealing details of a listing that could make it the ...
Nigeria's Forte Oil to Raise up to $503m to Fund Expansion
Nigeria >> 3/31/2016 - Nigeria's Forte Oil said it plans to raise up to 100 billion naira ($503 million) to expand its operations in the country, Africa's biggest economy, and will seek shareholder approval at its annual ge...
Bahrain's Oil and Gas Industry Gets Financial Boost
Bahrain >> 3/30/2016 - Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA) today announced it has signed a five year US$570 million multi-bank Murabaha facility to sup...
Bahrain's Nogaholding Secures $570 million Islamic loan
Bahrain >> 3/30/2016 - Nogaholding, the holding company for oil and gas assets owned by the government of Bahrain, signed to obtain a five-year, $570 million murabaha financing facility, it said. ...
Petrobras to Save $500m a Year with Reorganization Plan
Brazil >> 3/30/2016 - State-controlled Petroleo Brasileiro SA, the Brazilian oil producer at the center of a sweeping corruption probe, plans to save 1.8 billion reais ($500 million) a year through a reorganization plan th...
Gazprom Neft Successfully Completes Placement of RUB25 Billion Exchange Traded Bonds
Russia >> 3/23/2016 - Gazprom Neft has successfully completed the book-building of series BO-02 and BO-07 exchange traded bonds with a total nominal value of RUB25 billion and maturity of 30 years with a semi-annual coupon...
Endeavor Seeks Funds for $900m Ivory Coast Gas Power Project
Ivory Coast (Cote D'Ivoire) >> 3/23/2016 - Endeavor Energy hopes to secure financing by the end of the year for a $900 million gas-fired power project in Ivory Coast to help meet its growing electricity demands. The Africa-focused power produc...

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