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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. ...
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...
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...
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 ...
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, ...
Bowleven Receives $15 Million Etinde Farmout Payment
Cameroon >> 10/3/2016 - Bowleven, the Africa focused oil and gas exploration group traded on AIM, has received the $15 million cash proceeds payable under the Etinde farm-out transaction with LUKOIL and NewAge. ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 10/3/2016 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 37.40 million from the Kurdistan Regional Government as payment towards July crude oil deliveries to the export market from the Taw...
Islamic State Loses Control of Last Oil Wells in Iraq
Iraq >> 9/28/2016 - Islamic State militants no longer control any oil wells in Iraq after being ousted by government forces last week from an area near Kirkuk, the oil ministry said. ...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 9/28/2016 - Genel Energy plc announces that the Taq Taq field partners have received a gross payment of $23.37 million from the Kurdistan Regional Government (‘KRG’) for oil sales during July 2016. Genel’s net sh...

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