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Saudi's Falih Says Oil Market at End of Downturn
Saudi Arabia >> 10/19/2016 - Saudi Arabia's energy minister gave an upbeat message to an audience of industry executives, saying the oil market was at the end of a downturn and producer action to limit supply would help it improv...
MX Oil Updates on Nigerian Investment for OML 113
Nigeria >> 10/19/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that PR Oil and Gas Limited, the holder of its investment in OML 113, has now received US$1.2 million from the sale of the ...
Oman Crude Oil Financial Contract Closes at US$49.75
Oman >> 10/18/2016 - The price of Oman Crude Oil Financial Contract, DME Oman, for December delivery, closed at US$49.75 a barrel at Dubai Mercantile Exchange at 12:30 p.m., Dubai time. ...
Gazprom Board of Directors Approves Adjusted Investment Program & Budget for 2016
Russia >> 10/18/2016 - The Gazprom Board of Directors approved the adjusted Investment Program, budget (financial plan), and cost optimization (reduction) program for 2016. ...
WesternZagros to Receive Insurance Claim for Hasira 1 Well in Iraqi Kurdistan
Iraq >> 10/18/2016 - WesternZagros Resources Ltd. announces two news items. The first is that the Company has entered into a letter agreement with its major shareholder, Crest Energy International, LLC, to further extend ...
Nakilat Concludes Third Quarter with Positive Results
Qatar >> 10/17/2016 - Nakilat has announced its financial results for the third quarter ended 30 September 2016, where the Company’s net profit reached QR 749 million compared to QR 757 million for the same period last yea...
Omanoil Inks deal with Al Raffd Fund to Support SMEs
Oman >> 10/16/2016 - Reaffirming its dedication to support the growth of the Sultanate’s entrepreneurial community, Oman Oil Marketing Company (omanoil) signed an agreement with the Al Raffd Fund to finance the creation o...
Kuwait’s KNPC Aims to Finalize $5 billion-plus Loan by First Quarter
Kuwait >> 10/16/2016 - Kuwait National Petroleum Co (KNPC) expects to finalize a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, sources involved in the project ...
Connor, Clark & Lunn Infrastructure & Samsung Announce $633 million Solar Bond Financing
Canada >> 10/14/2016 - Connor, Clark & Lunn Infrastructure and Samsung Renewable Energy Inc. (Samsung) announced the closing of an approximately $633 million bond financing for the 100 megawatt (MW) Kingston Sola...
Egypt's Debts to International Oil Companies Rise to $3.58b
Egypt's Debts to International Oil Companies Rise to $3.58b Egypt >> 10/12/2016 - Egypt's debts to international oil and gas companies rose to $3.58 billion by the end of September, the oil minister said, from about $3.2 billion six months ago. The oil ministry said last year that ...
Abu Dhabi's TAQA Plans to Tap Bond to Raise up to $500m
United Arab Emirates >> 10/12/2016 - Abu Dhabi National Energy Company (TAQA) plans to tap the bond issue it completed in June to raise additional funds worth upwards of $500 million, according to a document from arranging banks. The fir...
EMGS to Reduce the Global Employee Expenses
Norway >> 10/12/2016 - Electromagnetic Geoservices ASA (EMGS) announces a reduction in the Company's cost base in line with a reduced level of activity. The Company will seek a global reduction in employee expenses of appro...
Stock Movements - October 2016
Austria >> 10/12/2016 - OECD commercial oil stocks fell in August to stand at 3,094 mb, which is around 322 mb above the latest five-year average. Crude and products indicated surpluses of around 191 mb and 131 mb above th...
Saudi Aramco CEO Says 2018 Will be Right Time for Listing
Saudi Arabia >> 10/11/2016 - Saudi Aramco feels "comfortable" that by 2018 oil prices will have recovered and the market conditions will be right for what could be the world's largest public listing, its chief executive Amin Nass...
Saudi Optimistic of Crude Recovering to $60
Saudi Arabia >> 10/10/2016 - It’s “not unthinkable” that oil prices will rise to $60 a barrel by the end of 2016, the world’s top crude exporter said after agreeing to cut supply for the first time in eight years. ...
Oman Oil Upstream Unit Looks to Borrow at Least $1 bln
Oman >> 10/7/2016 - Oman Oil Company Exploration & Production (OOCEP) has appointed Sumitomo Mitsui Banking Corp as financial advisor to arrange a loan which is likely to be in excess of $1 billion, banking sources said....
Repsol Provides $1.2 billion Credit Line for Venezuela Oil JV
Venezuela >> 10/7/2016 - Spain's Repsol is providing a credit line of up to $1.2 billion to boost oil output at a joint venture it runs with Venezuelan state oil company PDVSA, the companies announced. ...
Exxon Disagrees with Court's $75b Fine for its Chad Consortium
Chad >> 10/6/2016 - ExxonMobil said it disagreed with a court decision in Chad that fined a consortium led by the U.S. oil major over 44 trillion CFA francs ($75 billion) - nearly four times BP's record Deepwater Horizon...
Apicorp Arranges $100m Funding for EGPC
Apicorp Arranges $100m Funding for EGPC Egypt >> 10/5/2016 - Arab Petroleum Investments Corporation (Apicorp) said it has arranged a three-year $100 million Murabaha financing facility for Egyptian General Petroleum Corporation (EGPC). ...
GNPC Secures $500 Million Funds for Sankofa Gas
Ghana >> 10/5/2016 - The banks said that the facility will guarantee GNPC’s payment obligations to energy companies Vitol and ENI related to the sale of gas to be extracted from the Sankofa field, off the coast of Ghana, ...

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