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Seadrill Limited Reaches Agreement with Archer
Norway >> 4/26/2017 - Seadrill Limited (Seadrill), as part of its restructuring plans, has signed and closed an agreement with Archer and its lenders to extinguish approximately $253 million in financial guarantees provide...
Seadrill Extends Interim Funding to North Atlantic Drilling
Norway >> 4/26/2017 - Seadrill Limited (Seadrill) has amended the revolving credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary, to mature on June 30, 2017 and increased it to $50 million....
Tlou Energy Raises £4 Million for Botswana CBM Project
Botswana >> 4/26/2017 - Tlou Energy has raised a total of £4 million for its Botswana CBM project. Funds will be used to undertake additional field appraisal to expand Tlouís independent gas Reserves and to finalise licencin...
Talks with GM of China Development Bank
Talks with GM of China Development Bank Egypt >> 4/25/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received the General Manager of China Development Bank (CDB) and the accompanying delegation, where they discussed cooperation and part...
Gas Commitment to Determine $2.3b Duqm Methanol Project
Oman >> 4/22/2017 -  A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanateís commitment to supply natural gas as feedstock. ...
Italyís Refiner Saras Clears All Oil Debt with Iran
Italy >> 4/22/2017 - Key Italian oil refiner Saras says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 2012. ...
New Oil Contracts Will Rouse Iranís Job Market
Iran >> 4/20/2017 - New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and trade restrictions, says Bijan Namdar Zanganeh, the o...
Iran South Pars Revenues Hit $191 Billion
Iran >> 4/19/2017 - Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the re...
UAE'S TAQA might Sell Some North American Oil & Gas Assets
United Arab Emirates >> 4/19/2017 - Abu Dhabi National Energy Company (TAQA) might sell some of its oil and gas interests in North America to raise capital for its core business, its chief operating officer told Reuters. The loss-making...
Peru to Issue up to $3b in Bonds to Finance State
Peru >> 4/18/2017 - Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017 to finance Petroperu, Energy and Mining Minister Gonzalo Tamayo. The funds would be used to h...
Bahrain National Gas Expansion Co Raises $515 mln Loan
Bahrain >> 4/17/2017 - Bahrain National Gas Expansion Co, a subsidiary of the country's National Oil and Gas Authority, signed a $515 million syndicated loan that will back part of the expansion of its gas processing facili...
U.S Judge Approves $2.6 Billion Fine for Odebrecht
Brazil >> 4/17/2017 - A U.S. judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay $2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S.,...
Balance of Supply and Demand - April 2017
Austria >> 4/12/2017 - Demand for OPEC crude in 2016 stood at 31.7 mb/d, which is 1.9 mb/d higher than 2015 levels. In 2017, the demand for OPEC crude is projected to reach 32.2 mb/d, around 0.6 mb/d higher than the previ...
Santos Repays US$250 Million of 2019 ECA Loan Facility
Australia >> 4/11/2017 - Santos has announced the early repayment of US$250 million of its US$12 billion Export Credit Agency (ECA) supported Uncovered Syndicated Facility, scheduled to mature in 2019. The repayment will be m...
U.S. Shale Drilling Expenditures up in 2015
United States >> 4/10/2017 - The domestic oil and natural gas industry spent an estimated $122.8 billion in drilling approximately 28,809 oil and natural gas wells in 2015, according to APIís 2015 Joint Association Survey on Dril...
Oman to Seek $5b Bank Finance for $7b Duqm Refinery Project
Oman >> 4/10/2017 - Duqm Refinery, a 50:50 joint venture between the Sultanateís state-owned Oman Oil Company and Kuwait Petroleum International, is seeking 65 per cent of its $7 billion capital expenditure for building ...
Marubeni and GRIDís Capital/Business Alliance
Japan >> 4/10/2017 - Marubeni Corporation (Marubeni) and GRID, Inc. (GRID) agreed to conduct a capital and business alliance to develop and implement solutions using Artificial Intelligence (Al) technology for the Maruben...
SOCARís Budget Payments for March 2017
Azerbaijan >> 4/7/2017 - SOCAR paid AZN 133 million 985 thousand to the State Budget for March of the current year that is AZN 24 million 737 thousand (122,6%) more than the same period of 2016. In general, for January-March ...
Gazprom Neft Successfully Completes Rub15 Billion Placement
Russia >> 4/6/2017 - Gazprom Neft has successfully closed the book-building of its series 001P-01R exchanged-traded bonds, with a nominal value of RUB15 billion, a maturity of five years, and a semi-annual coupon period. ...
AfDB Funds Tanzaniaís NG Market with 29.8 Million Loan
Tanzania >> 4/5/2017 - The African Development Bank (AfDB) has approved a USD 29.8 Million loan to Tanzania to help the country mobilize domestic resources and unlock the potential of its natural gas resources through lever...

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