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Vitol Clinches $1 Billion Pre-Finance Oil Deal with Iran
Iran >> 1/4/2017 - The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, ac...
Encana Expects 2017 Plan to Exceed Forecasts
Canada >> 1/4/2017 - Encana delivered strong performance in the fourth quarter of 2016, and the company now expects that its 2017 plan will exceed forecasts previously shared at its Investor Day in October 2016. The compa...
InfraStrata Updates Funding for Islandmagee Gas Storage Project
United Kingdom >> 1/4/2017 - The Board of InfraStrata plc, the independent gas storage company, announces an update in respect of the Company's working capital position and its fundraising activities following its announcement on...
Oil Trader Gunvor Suing Cerberus over Failed Chevron Bid
South Africa >> 1/4/2017 - Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid...
Morocco Picks Financial & Legal Advisers for LNG Import Plan
Morocco >> 1/3/2017 - Moroccan state-owned power utility ONEE has picked HSBC Middle East Limited as financial adviser for its plan to boost its imports of liquefied natural gas (LNG), ONEE said in a statement. It has also...
Kuwait Energy Says Signs $100m Financing Facility with Vitol
Iraq >> 12/28/2016 - Kuwait Energy signed a forward sale agreement with Vitol providing it with a financing facility for up to $100 million. ...
Mexico Maximum Prices For Gasoline & Diesel in January 2017
Mexico >> 12/27/2016 - There will be 83 regions in the interior of the country and seven in the northern border. The differences between regions correspond to different transport and logistics costs. The maximum prices will...
France to Provide 175m Euros to Fund Egypt's Energy Sector
France to Provide 175m Euros to Fund Egypt's Energy Sector Egypt >> 12/27/2016 - France plans to provide 175 million euros to finance Egypt's energy sector, French Minister of Development and Francophone Jean-Marie Le Guen said during a meeting in Cairo with International Cooperat...
Lukoil to Finance Restoration of the Alexandrov Company
Russia >> 12/27/2016 - LUKOIL will provide financial support to restore the A.V. Alexandrov Song and Dance Company of the Russian Armed Forces. ...
Halliburton Reaches Settlement in Securities Class Action Lawsuit
United States >> 12/23/2016 - Halliburton has reached an agreement in principle to settle, without any admission of liability, the Erica P. John Fund class action lawsuit that has been pending in the United States District Court f...
Savanna Board Unanimously Recommends Rejection of Total Offer
Canada >> 12/23/2016 - The Board of Directors of Savanna Energy Services Corp. (Savanna), on the recommendation of the Special Committee, has unanimously determined that the offer from Total Energy Services Inc. (Total) to ...
Egypt Signs Second $1b Loan Tranche Agreement with World Bank
Egypt Signs Second $1b Loan Tranche Agreement with World Bank Egypt >> 12/22/2016 - Egypt's Minister of International Cooperation Sahar Nasr signed a second $1 billion tranche loan agreement with the director of the World Bank in Cairo. ...
Claren Energy Closes Final Tranche of Private Placement
Canada >> 12/22/2016 - Claren Energy Corp. (Claren) has closed the final tranche of its previously announced non-brokered private placement financing (see news release November 30, 2016) by issuing a total of 2,512,500 unit...
Scotland Prepares for Significant Decommissioning Opportunities
Scotland >> 12/21/2016 - A new decommissioning action plan launched by the Scottish Government’s economic development agencies aims to support Scotland’s oil and gas sector to take advantage of the estimated £17.6 billion for...
KMG EP Approves 2017 Budget & 2017-2021 Business Plan
Kazakhstan >> 12/21/2016 - JSC KazMunaiGas Exploration Production (KMG EP) announces that its Board of Directors (“the Board”) has approved the Company’s 2017 budget and 2017-2021 business plan. The budget for 2017 assumes a Br...
Faroe Petroleum Secures New Banking Facilities
United Kingdom >> 12/20/2016 - Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the signing of two banking facilities,...
Forecast for 2017 Balance of Supply and Demand - December 2016
Forecast for 2017 Balance of Supply and Demand - December 2016 Austria >> 12/20/2016 - For 2017, demand for OPEC crude was revised down by 0.1 mb/d from the previous MOMR and is projected to increase by 0.7 mb/d, to average 32.6 mb/d. Within the quarters, 2Q17 was revised down by 0.1 mb...
San Leon Issues Announcement Regarding Takeover Speculation
Ireland >> 12/19/2016 - The Board of San Leon notes the takeover speculation regarding San Leon in the weekend press.The Board of San Leon confirms that it has received an approach from a possible offeror, which may or may n...
Mongolia Pegs $1 Billion From India for Oil Refinery & Pipelines
Mongolia >> 12/19/2016 - Mongolia will seek approval from the Import-Export Bank of India to build an oil refinery and pipelines with $1 billion in infrastructure funding negotiated last year, a project that could boost the n...
Khartoum & Juba Discuss Oil Agreement, Joint Cooperation
South Sudan >> 12/19/2016 - South Sudanese Petroleum Minister Ezekiel Lol Gatkouth Sunday arrived in Khartoum for talks with his Sudanese counterpart on the oil transit fees, as result of the collapse of oil prices. ...

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