Gulf Oil and Gas accountACCOUNT

Investment News

Algeria Expects 2014 Energy Earnings Dip to $60b
Algeria >> 10/13/2014 - Algerian state-run energy group Sonatrach expects earnings from oil and gas sales to dip by 5.2 percent to $60 billion in 2014 from a year earlier if crude prices stabilise for the rest of the year, i...
Stock Movements - October 14
Austria >> 10/10/2014 - OECD commercial oil stocks rose in August by around 9.0 mb to stand at 2,679 mb. At this level, they were still 57.0 mb less than the latest five-year average. Crude indicated a surplus of 12.0 mb, ...
RAK Petroleum Applies for Oslo Bors Listing
Ivory Coast (Cote D'Ivoire) >> 10/7/2014 - RAK Petroleum Public Company Limited (RAK Petroleum) announced its intention to launch an initial public offering and to apply for a listing on Norway’s Oslo Bors. ...
Gazprom & Argentina Address Potential of Joint Gas Projects
Argentina >> 10/7/2014 - A working meeting took place between Alexey Miller, Chairman of the Gazprom Management Committee and Debora Giorgi, Industry Minister of the Argentine Republic as part of the 4th St. Petersburg Intern...
Ivory Coast to Seek Investors for Deepwater Oil Blocks
Ivory Coast (Cote D'Ivoire) >> 10/7/2014 - Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea, at a promotional event in Texas next week, a senior oil minist...
Jupiter Energy & Waterford Enter into a Unsecured Loan Agreement
Kazakhstan >> 10/7/2014 - The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM and KASE, announces that it has entered into a unsecured loan agreement with Waterfor...
Egyptian Government Pays $350 million to BG Group
Egyptian Government Pays $350 million to BG Group Egypt >> 10/6/2014 - Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc, a world leader in exploration and LNG, has received a $350 million payment. This ...
Colombia's Oil Sector Rejects Proposed Tax Reform
Colombia >> 10/4/2014 - Colombia's oil sector hit out at a proposed tax reform that the government has presented to Congress, arguing that higher duties on corporate earnings would damage the already troubled driver of the e...
Shawcor Ltd. Completes $30m Over-Allotment Option Associated
Canada >> 10/3/2014 - ShawCor Ltd. has successfully closed the $30,030,375 over-allotment option from its previously announced $200 million bought deal prospectus offering, which closed September 19, 2014. ...
Authority Signs LE10b Loan to Repay Foreign Companies
Egypt >> 10/2/2014 - Five banks granted the Petroleum Authority the biggest loan in the history of the Egyptian banking system worth LE10 billion to repay its debts to foreign companies and meet consumer needs. ...
US Stock Movements in September 2014
US Stock Movements in September 2014 United States >> 10/1/2014 - Preliminary data for August shows that total commercial oil stocks rose by 3.7 mb, reversing the drop of last month, to stand at 1,124.4 mb, the highest level since September 2013. At this level, they...
Range Secures up to US$15m Loan Financing
Trinidad and Tobago >> 9/30/2014 - Range has signed a loan agreement for up to US$15 million in medium-term financing with Lind Asset Management, LLC, a New York-based institutional investor managed by the Lind Partners, LLC (together,...
Oman Oil Inks $1.85b Corporate Revolving Credit Facility
Oman Oil Inks $1.85b Corporate Revolving Credit Facility Oman >> 9/28/2014 - Oman Oil Company S.A.O.C. (OOC), the Sultanate’s energy investment arm, signed a $1.85 billion Revolving Credit Facility (RCF) with 16 local, regional and international banks. The transaction was well...
Mexico to Merge Tenders and Joint Venture for Oil Opening
Mexico >> 9/26/2014 - Mexico will seek joint ventures for state oil company Pemex at the same time it invites bidding from companies on oil fields during a historic opening of the industry to private investment, the govern...
Plummeting Oil Prices not a Matter of Concern
Algeria >> 9/18/2014 - Minister of Energy Youcef Yousfi said Tuesday that oil prices, which have been sharply falling since June, "are not a matter of special concern" to producing countries. ...
Argentina Agrees Draft Energy Law for Foreign Investment
Argentina >> 9/17/2014 - Argentina's federal government had reached a preliminary agreement with provinces to reform energy regulations and improve incentives to lure the foreign investors needed to develop its vast shale oil...
PTTEP to Spend $1b for Mozambique Project in Next 5-6Y
Mozambique >> 9/15/2014 - Thailand's top oil and gas explorer, PTT Exploration an Production Pcl, said it planned to spend up to $1 billion for a Mozambique project over the next five to six years starting from 2015. ...
China Stock Movements in September 2014
China Stock Movements in September 2014 China >> 9/15/2014 - The latest information for July showed that Chinese total oil commercial inventories rose by 11.7 mb, reversing the drop of last month. At 407.3 mb, Chinese inventories were 35 mb above last year at t...
Kuwait's KNPC Names NBK Finance Advisor for $12 bln Refinery Upgrade
Kuwait >> 9/14/2014 - Kuwait National Petroleum Co (KNPC) has chosen National Bank of Kuwait's investment banking arm to advise it on financing options for its multi-billion-dollar Clean Fuels Project, the bank said. ...
SIBUR Wins the Downstream Company of the Year
Russia >> 9/11/2014 - SIBUR was named Downstream Company of the Year in the annual Petroleum Economist Awards (United Kingdom). ...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.