Financials and Investment News

EXIM Board Approves Amended Financing of U.S. Exports to Mozambique LNG Project
Mozambique >> 5/14/2020 - The Board of Directors of the Export-Import Bank of the United States (EXIM) unanimously voted to amend the agency’s previously approved September 2019 direct loan supporting U.S. exports for the deve...
Successful Amendment to EUR 5 million Loan Agreement
Argentina >> 5/14/2020 - Echo Energy, the Latin American focused upstream oil and gas company, provides an update on the continued restructuring of the Company's existing debt to defer all cash interest payments during 2020 w...
Payment of $250,000 Acquisition Deposit Agreed
Nigeria >> 5/14/2020 - ADM Energy PLC has reached agreement with EER (Colobus) Nigeria Limited ("EER") for the immediate payment, in cash and shares, of the USD$250,000 deposit due as part of the sale and purchase agreement...
Wressle Development Update
United Kingdom >> 5/13/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company notes the positive announcement made by the Operator, in respect of the Wressle hydrocarbon develop...
Lamprell Announces 2019 Financial Results
United Arab Emirates >> 5/13/2020 - Financial results negatively impacted by low revenues, impairment charges and one-off events Moray East project progressing well, as planned Robust start to 2020 with award for new build rigs and m...
TGS Announces Q1 2020 Results
United States >> 5/13/2020 - TGS reported net segment revenues of USD 152 million for Q1 2020, a 3% decline compared to Q1 2019. The quarter saw solid pre-funding revenues driven by Latin America and North America onshore, while ...
Magseis Fairfield Reports Results for First Quarter 2020
Norway >> 5/12/2020 - Magseis Fairfield's top priority during the current coronavirus pandemic has been the safety and welfare of its employees, safe and timely execution of ongoing operations, and strengthening of financ...
Noble Energy Announces First Quarter Results
Equatorial Guinea >> 5/8/2020 - Noble Energy, Inc. provided first quarter financial and operating results. First quarter highlights include:

Financial liquidity of $4.4 Bn including $1.4 Bn of cash and $3.0 Bn of availabl...
SNC-Lavalin Reports First Quarter 2020 Results
Canada >> 5/7/2020 - SNC-Lavalin Group Inc. announced its results for the first quarter ended March 31, 2020.

2020 First Quarter Highlights

Continued progress on new strategic direction in Q1...
Aker BP Announces First Quarter 2020 Summary
Norway >> 5/6/2020 - The first quarter of 2020 was an extraordinary quarter. Aker BP delivered strong operational performance and set a new production record. This was however overshadowed by the COVID-19 pandemic and the...
Occidental Announces First Quarter 2020 Results
United States >> 5/5/2020 - Occidental Petroleum Corporation announced a net loss attributable to common stockholders for the first quarter of 2020 of $2.2 billion, or $2.49 per diluted share, and an adjusted loss attributable t...
Gulf Marine Unanimously Rejects Seafox $32 million Takeover Proposal
United Arab Emirates >> 5/4/2020 - Following Seafox's announcement on 30 April 2020 of its unsolicited and non-binding approach to acquire the entire issued and to be issued share capital of Gulf Marine Services PLC ("GMS" or the "Comp...
SABIC Announces Results for First Quarter 2020
Saudi Arabia >> 5/4/2020 - SABIC posted a net loss of SR 0.95 billion in the first quarter of 2020, a decrease of 20% compared to net losses of SR 0.79 billion posted in the previous quarter.

Total sales during the f...
Subsea 7 Announces First Quarter 2020 Results
United States >> 4/30/2020 -  Subsea 7 S.A. announced results for the first quarter which ended 31 March 2020.

First quarter summary

- Prompt action taken to address the challenges posed by Covid-19 i...
Re-structure of Financial Obligations to Optimum
Nigeria >> 4/30/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that, further to the Company's announcements on 21 January 2020, 25 March 202...
APICORP Announces USD 500M to Member Countries in COVID-19
Oman >> 4/29/2020 - The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution has launched a USD 500 million countercyclical support package aimed at supporting its clients in...
SABIC Donates $1.5M to Support COVID-19 Response Efforts
United States >> 4/29/2020 - SABIC, a global leader in diversified chemicals announced that it is donating $1.5 million in monetary and in-kind product donations in the Americas region to assist those most impacted during the COV...
NOC Reports Oil Revenues for March 2020
Libya >> 4/27/2020 - National Oil Corporation (NOC) revenues amounted to $1.093 billion ($1,093,537,953) in March 2020, after collection of revenues from sales made in January. ...
San Leon Energy Announces Proposed Special Dividend
Nigeria >> 4/27/2020 - San Leon, the independent oil and gas production, development and exploration company focussed on Nigeria, is pleased to announce that the Board has approved a special dividend of approximately £27 mi...
Delivering Western Australia'S Gas Supply at Lower Cost
Australia >> 4/24/2020 - Maintaining strong safety, reliability and service performance with lower revenue and costs are the focus of Australian Gas Infrastructure Group’s Final Plan for Western Australia's Dampier to Bunbury...

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