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Circle Oil Provides Financial Update
United Kingdom >> 6/24/2016 - Further to the announcement of 27 May 2016, Circle Oil plc the international oil and gas exploration, development and production company, is pleased to announce that International Finance Corporation ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 6/23/2016 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 24.28 million from the Kurdistan Regional Government as a second payment towards May crude oil deliveries to the export market from...
President Warns Oil Fall Leaves Angola Short of Foreign Reserves
Angola >> 6/22/2016 - Angola is running short of foreign reserves to pay for imports because its national oil firm has not contributed to state coffers since January, President Jose Eduardo dos Santos said. Remittances fro...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 6/20/2016 - Genel Energy plc announces that the Taq Taq field partners have received a payment of $10 million from the Kurdistan Regional Government ('KRG') for oil sales during May 2016. Genel's net share of the...
Sinopec Serves $5.5 Billion Arbitration Notice to Repsol
China >> 6/17/2016 - China's Sinopec and its subsidiary Addax Petroleum UK have served an arbitration notice to Talisman Energy Inc and Talisman Colombia, both owned by Spanish oil major Repsol, demanding pay back of its ...
NOVATEK & Sberbank Sign a Strategic Cooperation Agreement
Russia >> 6/16/2016 - OAO NOVATEK (NOVATEK) and PAO Sberbank entered into a Strategic Cooperation Agreement for the period until 2021 at the 20th Saint Petersburg International Economic Forum. Leonid Mikhelson, Chairman of...
Over USD14 Bn in FDI Over 2010-2015, Algeria
Algeria >> 6/16/2016 - Foreign direct investment (FDI) in Algeria's energy sector has reached USD14.01 billion between 2010 and 2015, that is, an annual average of USD2.3 billion, the ministry of Energy has said. ...
Malaysia's Petronas Seeks $7.2-bln Loan for RAPID Project
Malaysia >> 6/15/2016 - Malaysia's Petronas is seeking to raise $7.2 billion for its Refinery and Petrochemical Integrated Development (RAPID) project in one of the largest project financings from Asia in recent years, Thoms...
Oil Falls on U.S. Crude Build and Brexit Risk
United States >> 6/15/2016 - Oil prices fell about 2 percent in extended trading on Tuesday as data showed a surprise build in U.S. crude inventories last week, adding to the market's nervousness around Britain's vote next week o...
LGO Energy Provides Financing & Goudron Field Update
Trinidad and Tobago >> 6/14/2016 - LGO and its lending bank, BNP Paribas (BNPP), have reached a further agreement on the terms of the loan outstanding to LGO's wholly owned Trinidadian subsidiary, Goudron E&P Limited (GEPL), which oper...
Trinity Exploration & Production Provides Update on Formal Sale Process
Trinidad and Tobago >> 6/13/2016 - Trinity provides an update on its formal sale process (FSP) pursuant to the City Code on Takeovers and Mergers. The FSP and Strategic Review were originally announced on 8 April 2015 with the Company ...
Value of Norway's Oil & Gas Stakes down 34% Since 2014
Norway >> 6/13/2016 - The Norwegian state's direct financial interest (SDFI) in oil and gas licenses on the Norwegian continental shelf has decreased by 34 percent since 2014 as low oil prices have taken a toll, an externa...
Balance of Supply and Demand - June 2016
Austria >> 6/12/2016 - Demand for OPEC crude in 2015 remained unchanged from the previous report to stand at 29.7 mb/d, which is 0.1 mb/d less than the 2014 level. In 2016, demand for OPEC crude is projected to be 31.5 mb...
Uncertainty Impacting Developments in Brazil – May 2016
Uncertainty Impacting Developments in Brazil – May 2016 Brazil >> 6/11/2016 - Ratings agency Fitch downgraded Brazil’s long-term foreign and local currency ratings to BB from BB+, with a negative outlook, reflecting the agency’s concerns about the ongoing economic contraction, ...
New President Committed on Enhancing Petropar
Paraguay >> 6/9/2016 - Lic. Eddie Jara Rojas, who took over as President of Petropar on Tuesday 31 May, announced its firm commitment to take measures to strengthen the company financially and commercial. The policy will be...
MEM Presented Draft Budget 2017
Guatemala >> 6/9/2016 - Under the Open Budget promoted by the President of the Republic, Morales Jimy program; coordinated by the Ministry of Public Finance and Planning General Secretariat of the Presidency (SEGEPLAN), the ...
Ascent Announces Share Placing to Raise £500,000
United Kingdom >> 6/9/2016 - Ascent Resources plc has raised £500,000 (net to the Company) via the placing of 83,333,333 new ordinary shares of 0.2p each in the Company at a price of 0.6 p per Placing Share. ...
Sonangol Denies Report about $50 Billion Hole
Angola >> 6/7/2016 - Angolan state-owned oil company Sonangol said a report about a $50 billion shortfall in its accounts is “absolutely false.” ...
Saudi Arabia to Boost Non-oil Revenue to $141B by 2020
Saudi Arabia to Boost Non-oil Revenue to $141B by 2020 Saudi Arabia >> 6/7/2016 - Saudi Arabia plans to more than triple the government’s non-oil revenues and clamp down on public-sector salaries over the next five years, ministers said. ...
Oando Secures N94.6b Facility as Part of Its Strategic Restructuring Plans
Nigeria >> 6/6/2016 - Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, announces conclusion of a N94.6 Billion facility provided by ten leading financial ins...

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