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Important Progress in the Recovery of Oil Prices
Important Progress in the Recovery of Oil Prices Venezuela >> 1/22/2017 - The Minister of Popular Oil, Nelson Martinez, offered statements following his first meeting of the OPEC Joint Monitoring Ministerial Committee and not OPEC, noting that it was very positive and that ...
OPEC, Non-OPEC Monitoring Committee to Meet Next after March 17
Kuwait >> 1/22/2017 - A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will meet next after March 17 in Kuwait, Kuwaiti Oil Minister Essam Al-Marzouq told reporters following the committee's fir...
Schlumberger Expects Markets Recovery in Late 2017
United States >> 1/20/2017 - Schlumberger NV said that it does not expect a "dramatic" short-term recovery in international markets, compared with North America where shale producers are already ramping up drilling activity. ...
Saudi's SABIC Q4 Net Profit Jumps 48 percent, First Rise in 10 Quarters
Saudi Arabia >> 1/19/2017 - Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported that its quarterly profit rose from a year earlier for the first time in ten quarters. ...
Rig Contractor to Fund Drilling Costs for Multi-Well Program
Gabon >> 1/19/2017 - Pura Vida Energy has entered into a conditional term sheet with a rig contractor to fund the costs of a three well, back to back drilling program on the Nkembe block, which will include an appraisal o...
Leniency Agreement Provides for Reimbursement of Over $ 81 M
Brazil >> 1/19/2017 - Petrobras will receive approximately R $ 81 million from the British company Rolls-Royce, which entered into a leniency agreement with the Federal Public Prosecutor's Office (MPF) under Operation Lava...
Balance of Supply and Demand - January 2017
Austria >> 1/18/2017 - Demand for OPEC crude in 2016 stands at 31.2 mb/d, which is 1.8 mb/d higher than 2015 level. In 2017, the demand for OPEC crude is projected at 32.1 mb/d, around 0.9 mb/d more than this year.

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Petrobras Says Raises $4B in Bond Issue
Brazil >> 1/17/2017 - Brazil's state-controlled oil company Petrobras said that it had raised $4 billion in an international issue of bonds maturing in 2022 and 2017. ...
Rolls-Royce to Pay More Than $800m to Settle Bribery Charges
Angola >> 1/17/2017 - Rolls-Royce Plc agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and UK ...
Duqm Authority Signs $265M Finance Agreement with China-based Bank
Oman >> 1/16/2017 - Omanís Special Economic Zone Authority in Duqm (Sezad) and China-based Asian Infrastructure Investment Bank (AIIB) have signed a $265 million loan agreement for funding the second phase of Duqm Port. ...
UKEF Supports GE Oil & Gas Contract with $400 Million
Ghana >> 1/16/2017 - UK Export Finance (UKEF) has announced that it will provide US$400 million in support for a GE Oil & Gas contract with Ghana's Offshore Cape Three Points Project. ...
Saudi's SAFCO Reports 25% Drop in Profits
Saudi Arabia >> 1/15/2017 - Saudi Arabia Fertilizers Co (SAFCO) beat analyst forecasts but extended its earnings slump, reporting a 25 percent decline in fourth-quarter net profit. ...
TechnipFMC Secures Prospectus Approval
TechnipFMC Secures Prospectus Approval France >> 1/13/2017 - Technip S.A. (Technip) and FMC Technologies, Inc. (FTI) announce that TechnipFMC plc (TechnipFMC) secured visa no. 2017-015 from the French stock market regulator (Autorite des Marches Financiers, ďAM...
ROC to Receive $250m Afreximbank Support for Oil Fields Strategic Plan
Congo >> 1/11/2017 - The African Export-Import Bank (Afreximbank) and the Government of the Republic of Congo yesterday in Cairo signed a facility agreement under which the Bank will provide $250 million in future flow pr...
SOCARís Budget Payments for December 2016
Azerbaijan >> 1/11/2017 - SOCAR paid AZN 129 million 56 thousand to the State Budget in December 2016 which is AZN 53 million 736 thousand (171,3%) more than the same period of 2015. For January-December 2016, SOCAR transferre...
Petrobras to Buy Back Up to $2 Billion of Debt in Cash
Brazil >> 1/9/2017 - Petroleo Brasileiro SA has launched a program to buy back up to $2 billion of existing bonds in cash and the offering of new debt, as the world's most indebted oil company seeks to refinance debt matu...
Peru Would Retain Money from Odebrecht Deal
Peru >> 1/9/2017 - Peru would withhold any money Brazil's Odebrecht SA might make by selling its 55 percent stake in a natural gas pipeline project while prosecutors probe bribes the company has admitted to distributing...
InfraStrata Announces New Loan Facility
United Kingdom >> 1/6/2017 - The Board of InfraStrata plc, the independent gas storage company, has signed a secured loan facility agreement (Loan Agreement) dated 5 January 2017 with Baron Oil plc (Baron) an AIM-quoted resources...
CGG Provides Trading and Financial Strategy Update
France >> 1/5/2017 - In a market that remains difficult, multi-client sales are estimated at circa $135 million in the fourth quarter of 2016, with a level of prefunding in line with target (a prefunding rate above 80% on...
Petrobras Revises the Price of Fuels
Brazil >> 1/5/2017 - According to our pricing policy announced in October 2016 , the Executive Group Markets and Prices (GEMP) decided to raise the price of diesel at the refinery by 6.1% on average. The new values start ...

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