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Financials and Investment News

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...
Egypt Will Make $750m Debt Payment to Oil Companies on June 1
Egypt Will Make $750m Debt Payment to Oil Companies on June 1 Egypt >> 5/16/2017 - Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer said on Tuesday. Egypt has outstanding dues of about $3.5 billion to internati...
EIA Projects Increase in OPEC Net Oil Export Revenues in 2017
United States >> 5/15/2017 - For 2016, the U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues (...
Puerto La Cruz Refinery Conversion to Receive New Financing from Hyundai
Venezuela >> 5/15/2017 - The president of Petroleos de Venezuela, SA (PDVSA), Eulogio Del Pino, received a high-level delegation from Hyundai Engineering & Construction, the main contractor for the Deep Conversion Project at ...
French Co. Positive About Prospects in Iran
Iran >> 5/13/2017 - An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between Iran...
Odebrecht O&G Nears $5B Debt Restructuring Deal
Brazil >> 5/12/2017 - Odebrecht Oleo & Gas SA, the offshore oil drilling firm owned by Brazil's Odebrecht SA, has obtained support from more than 60 percent of its creditors for a restructuring of about $5 billion in debt,...
Turkmenistan Expected to Join OPEC-Led Oil Supply Cut
Turkmenistan >> 5/11/2017 - Turkmenistan is likely to join an OPEC-led cut in oil supply aimed at supporting prices, sources in OPEC and the industry said, potentially enlarging the output reduction slightly. ...
EBRD Finances Environmental Upgrade Of Egypt’s Carbon Holdings Company
EBRD Finances Environmental Upgrade Of Egypt’s Carbon Holdings Company Egypt >> 5/11/2017 - As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the EBRD is providing local petrochemicals producer Carbon Holdings with a US$ 11 million lo...
Shell Calls for Wider Crude Slate to Set Brent Benchmark
Iran >> 5/11/2017 - Shell has urged oil pricing agency S&P Global Platts to consider including other regional grades, such as Russian Urals, to set the key crude benchmark dated Brent, its vice president for crude tradin...
Balance of Supply and Demand - May 2017
Austria >> 5/11/2017 - Demand for OPEC crude in 2016 stood at 31.8 mb/d, which is 2.0 mb/d higher than the 2015 level. In 2017, the demand for OPEC crude is projected at 31.9 mb/d, around 0.2 mb/d higher than last year. <...
DNO Reports Payment for Tawke Deliveries
Iraq >> 5/10/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 41.40 million from the Kurdistan Regional Government as payment towards February 2017 crude oil deliveries to the export mark...
Balance of Supply and Demand in 2017 - April 2017
Balance of Supply and Demand in 2017 - April 2017 Austria >> 5/8/2017 - Demand for OPEC crude in 2017 was revised down by 0.1 mb/d from the previous month. This downward adjustment came mainly from an upward revision in non-OPEC supply, as world oil demand remained unchan...
Ophir to Borrow $1.2 Bln from Chinese Banks for Fortuna FLNG
Equatorial Guinea >> 5/8/2017 - British oil and gas explorer Ophir Energy plans to borrow $1.2 billion from Chinese banks to back the development of its Fortuna floating liquefied natural gas (FLNG) export project in Equatorial Guin...
Gulf Drilling International Signs $925M Financing Facility with QIB
Gulf Drilling International Signs $925M Financing Facility with QIB Qatar >> 5/8/2017 - Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, signs a US$ 925 million (QR 3.4 billion) structured Shari’a compliant financing facility with Gulf Drilling International Limited QSC (GDI). Thi...
Transocean Closes Private Placement of $410m of Secured Notes
United States >> 5/5/2017 - Transocean Ltd. announced that Transocean Conqueror Limited, one of its indirect subsidiaries (the "Issuer"), closed a private offering of U.S. $410 million in senior secured notes with an annual rate...
Statoil Adjusted Earnings of USD 3.3 Billion in Q1 of 2017
Norway >> 5/4/2017 - Statoil reports adjusted earnings of USD 3.3 billion and an IFRS net operating income of USD 4.3 billion in the first quarter of 2017. The IFRS net income was USD 1.1 billion. ...
Dana Gas to Start Restructuring Talks on Bond Due in October
United Arab Emirates >> 5/3/2017 - Dana Gas PJSC will ask bondholders to accept changed terms on $700 million of debt coming due in October as the energy producer based in the United Arab Emirates seeks to restructure debt for the seco...
Crude Oil Prices in April 2017
Azerbaijan >> 5/1/2017 - In April 2017, price for Brent crude oil in the world market was $52,54 per barrel, Urals oil - $51,75 and BTC FOB Ceyhan crude oil - $53,83.
ExxonMobil Earns $4 Billion during First Quarter 2017
United States >> 4/28/2017 - Exxon Mobil Corporation announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity p...
Swiss Court Fines Egypt $2 Billion, Muddies Mideast Gas Market
Swiss Court Fines Egypt $2 Billion, Muddies Mideast Gas Market Egypt >> 4/27/2017 - A Swiss court ordered Egyptian natural gas companies to pay Israel’s state-owned electricity provider $2 billion in fines for breach of previous contracts, a step that could complicate chances for the...

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