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San Leon Provides Update on Discussions with Potential Offerors
Ireland >> 1/5/2018 - The Directors of San Leon confirm that discussions with both China Great United Petroleum (Holding) Limited ("CGUP"), originally announced on 28 June 2017, and Geron Energy Investment ("Geron"), origi...
Petrobras Signs Agreement to Settle Class Action in the US
Brazil >> 1/3/2018 - Petrobras announces that it has signed an agreement in principle to settle the securities class action lawsuit filed in the United States District Court for the Southern District of New York (SDNY). ...
Oil Markets Start 2018 With A Bang
Austria >> 1/3/2018 - Oil prices opened the year above $60 a barrel — the strongest start to a calendar year since 2014. Both crude oil benchmarks — the U.S. West Texas Intermediate (WTI) and globally traded Brent — rose a...
IOOC Saves $237m in Contract Costs
Iran >> 1/2/2018 - The Iranian Offshore Oil Company (IOOC) says it has saved a total of 237 million dollars in cost of the contracts it has signed with contractors in the fiscal year of 2017-2018. ...
Oil Prices Reach Near Mid-2015 Highs
Austria >> 12/28/2017 - Oil prices rose on Thursday, lifted by strong data from top importer China amid thin trading activity ahead of the New Year weekend. ...
KIPCO Completes KD 100 million Seven-year Bond Issue
Kuwait >> 12/28/2017 - KIPCO – the Kuwait Projects Company (Holding) – has announced that it has successfully completed the issuance of a KD 100 million (US$ 331 million) bond issue. This the first ever seven-year corporate...
Messoyakhaneftegas Secures Syndicated Loan to Develop Northern most Onshore Field
Russia >> 12/28/2017 - Gazprombank and Sberbank have released credit facilities under the first tranche of a syndicated loan facility for the Messoyakha project, agreed on 22 December 2017. The terms stipulated under the si...
Keppel Reaches Global Resolution with Authorities in US, Brazil & Singapore
Brazil >> 12/23/2017 - Keppel Corporation Limited (Keppel Corporation or Keppel) confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt...
Eland Announce Syndication of RBL
Nigeria >> 12/22/2017 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce the syndication of its Reserve Based Lending ("RB...
Sonangol and Cobalt Announce $500M Settlement
Angola >> 12/19/2017 - The Angolan National Concessionaire Sociedade Nacional de Combust?veis de Angola — Empresa P?blica (“Sonangol”) and Cobalt International Energy, Inc. (“Cobalt”) announced the signing of an agreement t...
Fortuna FLNG Project Update
Equatorial Guinea >> 12/18/2017 - Further to the release on 23 November, Ophir, together with its partners in the Project, have decided to prioritise one of the alternative funding solutions that would see a leading Asian bank provide...
Melbana Energy Announces Placement to Raise $2.1M
Australia >> 12/15/2017 - Melbana Energy Limited has accepted commitments to raise up to $2.1 million (before costs) through a placement of 150 million fully paid ordinary shares at $0.014 per share to qualified institutional ...
Iran welcomes Chinese Private Investors in Oil Projects
Iran >> 12/13/2017 - Iranian Minister of Petroleum Bijan Zangeneh said Iran and China enjoy extended relations in energy sector, calling on Chinese private investors to finance petroleum projects in Iran. ...
World Bank to Cease Financing Upstream Oil & Gas after 2019
World Bank to Cease Financing Upstream Oil & Gas after 2019 France >> 12/12/2017 - At the One Planet Summit convened by President Emmanuel Macron of France, United Nations Secretary General Antonio Guterres, and World Bank Group President Jim Yong Kim, the World Bank Group made a nu...
Tlou Receives Approval for Listing on Botswana Stock Exchange
Botswana >> 12/12/2017 - Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ("CBM"), announces that formal approval has ...
Eni Achieves Financial Close for Coral South FLNG
Mozambique >> 12/6/2017 - Eni, together with its Area 4 Partners, announces that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of US$ 4,675,500,000 split in the following fac...
Petrobras Signs $5B Financing Agreement with CDB
Brazil >> 12/5/2017 - Petrobras has signed with China Development Bank (CDB) a financing agreement of US$5 billion with maturity in 2027. Petrobras has also signed a commercial agreement with Unipec Asia Company, establish...
Mizuho Bank, SMBC, and J.P. Morgan to Provide EUR 1 Billion Credit Facility to Gazprom
Russia >> 11/28/2017 - Gazprom, Japan's Mizuho Bank, Ltd. (Mizuho) and Sumitomo Mitsui Banking Corporation (SMBC), and U.S.-based JPMorgan Chase Bank, N.A. (J.P. Morgan) signed a five-year EUR 1 billion Facility Agreement i...
Lukoil & Perm Region Continue Cooperation
Russia >> 11/23/2017 - President of LUKOIL Vagit Alekperov and the Governor of Perm Region, Maxim Reshetnikov, signed the 2018 Memorandum of Cooperation, in Perm today. The memorandum provides for the company's support of v...
Ophir Provides Fortuna FLNG Project Update
Equatorial Guinea >> 11/23/2017 - Ophir has agreed a twelve-month extension to the Block R licence, in which the Project is situated, to the end of December 2018. ...

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