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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, ...
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...
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. ...
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...
Dow Chemical’s Kuwait Venture Said to Plan Up to $3 Billion Bond
Kuwait >> 9/27/2016 - Kuwait’s Equate Petrochemical Co. has hired banks for a potential bond issue of as much as $3 billion, according to two people with knowledge of the deal. ...
Encana Completes US$1 Billion Offering of Common Shares
Canada >> 9/23/2016 - Encana Corporation (Encana) announced the completion of its public offering (Offering) of 107,000,000 common shares (Shares) of Encana at a price of US$9.35 per Share, for gross proceeds to Encana of ...
Unite Members Vote to Accept Wood Group Proposal
United Kingdom >> 9/22/2016 - Members of Scotland’s biggest offshore union have voted to end an industrial dispute that led to the first North Sea strike in a generation. In July, members of the Unite union working on Shell platfo...
Indonesia Ends Oil Exploration Taxes in Bid to Revive Investment
Indonesia >> 9/22/2016 - Indonesia will eliminate taxes on oil and gas exploration this week in an effort to bolster investment in the country's flagging oil and gas sector. ...
Clontarf Energy Announces Placing to Raise £250,000
Ireland >> 9/22/2016 - The Directors of Clontarf are pleased to announce that, in response to exceptional institutional demand, the Company has raised £250,000 (before expenses) via the placing of 47,619,048 ordinary shares...
Nigeria Owed $12.7 Bln in Undeclared Oil Exports
Nigeria >> 9/21/2016 - Nigeria has said it is owed a total of $12.7 billion by more than a dozen companies for allegedly not declaring exports of crude oil to the United States between 2011 and 2014, according to court docu...
Aegean Renews its $1 Billion Secured Global Borrowing Base
United States >> 9/20/2016 - Aegean Marine Petroleum Network Inc. (Aegean) has successfully renewed its $1 Billion Secured Global Borrowing Base Multicurrency Revolving Credit Facility (the "Global Borrowing Base"). The vast majo...
Clontarf Energy Announces Placing to Raise £400,000
Ireland >> 9/20/2016 - The Directors of Clontarf has raised £400,000 (before expenses) via the placing of 80,000,000 ordinary shares (the "Placing Shares") with new and existing investors at a price of 0.5p per Placing Shar...
Strategic Plan and Business and Management Plan 2017-2021
Brazil >> 9/20/2016 - Petrobras announces that its Board of Directors approved, at a meeting held yesterday, the new Strategic Plan and the Business and Management Plan 2017-2021. ...
Solo Raises £2m via Placement to Fund Tanzania Operations
Tanzania >> 9/16/2016 - Solo Oil plc has raised £2,000,000 gross proceeds through the issue of 1,111,111,111 new ordinary shares of 0.01 pence each in the Company (Placing Shares) at a price of 0.18 pence per share (the "Pla...
Funding Nigerian Oil Cash Calls from Debt Key for Economy
Nigeria >> 9/16/2016 - Nigeria must get out of paying so-called cash calls to joint ventures with oil and gas companies to stand a chance of pulling its ailing economy out of recession, Finance Minister Kemi Adeosun said. T...

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