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Solo Receives 1st Payment for Gas Produced from Kiliwani North
Tanzania >> 8/18/2016 - Solo has been informed by Aminex PLC, operator of the Kiliwani North Field, that payment has now been received for its first invoice in relation to gas produced from the Kiliwani North-1 well in Tanza...
MEO to Raise $1.69m in Oversubscribed Share Placement
Australia >> 8/18/2016 - MEO Australia Limited has accepted commitments to raise approximately $1.69 million through a placement of approximately 46.9 million shares at $0.036 per share to qualified institutional and sophisti...
Brent over $50/bbl on OPEC Freeze Talk, Weaker Dollar
Austria >> 8/18/2016 - Oil prices rose for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks as the world's biggest producers prepared to discuss a possible freeze in production levels....
Trinity Issues Statement Regarding Subsidiaries' Proposal to Creditors
Trinidad and Tobago >> 8/17/2016 - Trinity, an independent E&P company focused on Trinidad and Tobago, announces that its Trinidad and Tobago incorporated wholly-owned subsidiaries Trinity Exploration and Production (Trinidad and Tobag...
Trinity Exploration & Production Announces Loan Update
Trinidad and Tobago >> 8/16/2016 - On 27 July, 2016, Trinity announced that it had agreed a new moratorium on principal repayments (the "Moratorium"), relating to Trinity's outstanding debt with its senior secured lender, Citibank, unt...
Santos Reports US$1 Billion Gladstone LNG Impairment Charge
Australia >> 8/15/2016 - Santos reported that, following a review of key production assets, it expects to recognise an impairment charge against the carrying value for GLNG of approx. US$1,050 million after tax (approx. US$1,...
Forecast for 2016 Balance of Supply and Demand - August 2016
Forecast for 2016 Balance of Supply and Demand - August 2016 Austria >> 8/15/2016 - Demand for OPEC crude for 2016 remains unchanged from the previous month to stand at 31.9 mb/d, representing an increase of 1.9 mb/d from last year’s level. Within the quarters, 2Q16 and 4Q16 remained...
Orpic’s Plastics Complex to Offer $1.5b in Business to Omani Firms
Oman >> 8/14/2016 - As part of a major initiative to strengthen in-country value (ICV) while building mega projects, contractors handling $6.5 billion worth of Liwa Plastics Industries Complex project have agreed to purc...
Swiss Court Backs Iran in Decades-Old Oil Row with Israel
Israel >> 8/11/2016 - Switzerland's highest court has ordered Israel to pay Iran around $1.1 billion plus interest in a decades-old dispute over a secretive oil pipeline company predating the 1979 Islamic revolution which ...
Venezuela and China Consolidates a Perfect Integration
Venezuela >> 8/10/2016 - People’s Minister of Petroleum and President of Petroleos de Venezuela, S.A., (PDVSA), Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee the growth and e...
Balance of Supply and Demand - August 2016
Austria >> 8/10/2016 - Demand for OPEC crude in 2016 remains unchanged from the previous report to stand at 31.9 mb/d, which is 1.9 mb/d higher than the 2015 level. In 2017, the demand for OPEC crude is projected at 33.0 ...
Tanzania to Connect 1 mln Households to Power for $3 bln
Tanzania >> 8/8/2016 - Tanzania plans to spend 7 trillion shillings ($3.21 billion) over the next five years to connect about 1 million rural households to electricity, a senior government official said. East Africa's secon...
DNO Reports Payment for Tawke Deliveries
Iraq >> 8/8/2016 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 30 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy plc for June crude oil deliver...
Nigeria, Spain Pledge to Strengthen Trade Ties
Nigeria >> 8/4/2016 - Nigeria and Spain have expressed their readiness to strengthen their bilateral trade relationship in every spectrum of the Oil and Gas Industry for the benefit of the two countries. ...
Egypt Studies 8 State-Owned Oil Companies for IPO or Share-Issuance
Egypt Studies 8 State-Owned Oil Companies for IPO or Share-Issuance Egypt >> 8/2/2016 - Egypt's Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange or share issuances, Petroleum Minister Tare...
China Eyes Gas Distribution Price Cut to Boost Consumption
China >> 8/1/2016 - China, the world's third-largest natural gas consumer, is planning to lower distribution prices for gas, part of anticipated sector reforms to boost use of the cleaner-burning fuel, state media report...
Karoon Hits Pacific with Another Default Notice
Brazil >> 7/29/2016 - Karoon Gas Australia Ltd would like to update stakeholders on further developments relating to Karoon’s 65% owned Santos Basin Brazil blocks S-M-1037, 1101, 1102, 1165 & 1166. ...
Receipt of Payment for KRI oil Exports from Taq Taq Field
Iraq >> 7/27/2016 - Genel Energy plc (‘Genel’) announces that the Taq Taq field partners have received a gross payment of $24.91 million from the Kurdistan Regional Government (‘KRG’) for oil sales during June 2016. Gene...
Rosneft has Paid off Eurobonds to the Amount of $ 1 bln
Russia >> 7/27/2016 - Rosneft Finance S.A. (Rosneft subsidiary) has paid off series 2 eurobonds amounting to $1 bln of total nominal value. Those eurobonds were issued by the former TNK-BP Group in 2006, maturing 10 years ...
Latin America Oil Demand - July 2016
Latin America Oil Demand - July 2016 Argentina >> 7/26/2016 - Oil demand in Latin America is projected to decline in the current year by an estimated 30 tb/d for the second year in a row. In April 2016, product demand fell in Brazil compared to a year earlier, l...

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