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Oil & Gas UK Calling on Government for a Recommitment to the Industry
United Kingdom >> 11/7/2016 - Trade body Oil & Gas UK has written to the Chancellor asking him to use his Autumn Statement later this month to help boost investor confidence in North Sea exploration and production. The North Sea o...
Bank Allots 40% of Resources to Oil, Energy Projects
Iran >> 11/6/2016 - Managing Director of Export Development Bank of Iran Ali Saleh Abadi says 30 to 40% of the bank's portfolio is used for funding oil, gas and petrochemical projects in Iran. ...
Woodfibre LNG to Proceed with Project
Canada >> 11/4/2016 - Woodfibre LNG Limited announced that its parent company Pacific Oil & Gas Limited, part of the Singapore-based RGE group of companies, has authorized the funds necessary for the Woodfibre LNG Project ...
Senegal at Crossroads as Oil Boom Looms
Senegal >> 11/4/2016 - In a report last week detailing sub-Saharan Africa's dire economic outlook, the International Monetary Fund singled out Senegal as a rare bright spot. One key reason: it does not produce oil. While lo...
Kuwait Petroleum Corp to Sell 2017 Gasoil, Jet Fuel at Lower Prices
Kuwait >> 11/3/2016 - Kuwait Petroleum Corp (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at nearly half the premiums of what it sold in 2016, traders said. ...
EMGS Reports Third Quarter 2016 Results
Norway >> 11/3/2016 - Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 4.5 million in the third quarter 2016, down from USD 16.3 million in the third quarter 2015 and from USD 15.1 million in the second quar...
The Issuance of US $1,000,000,000 of Eurobonds Completed
Russia >> 11/2/2016 - PJSC "LUKOIL" announces the completion of the issuance of US$1,000,000,000 of Rule 144A/Regulation S notes. The offering consists of 10-year notes with a coupon of 4.750% per annum. The notes have bee...
Mitra Energy Announces US$68 Million New Funding
Malaysia >> 11/2/2016 - Mitra Energy Inc. (Mitra) is pleased to announce that, as a result of existing shareholders wishing to upsize their financing commitment to Mitra, the Company has decided that it will now be proceedin...
DNO Reports Payment for Tawke Deliveries
Iraq >> 11/2/2016 - DNO ASA, the Norwegian oil and gas operator, received USD 31.33 million from the Kurdistan Regional Government as payment towards August crude oil deliveries to the export market from the Tawke field....
Iraq Asks Oil Majors to Downsize Costly Dubai Offices
Iraq >> 11/1/2016 - Iraq has asked international oil companies (IOCs) to shut down prestige offices among the glittering towers of Dubai, through? which they used to run their oil operations in Iraq, as a way to rein in ...
Petrobras Likely to Get Credit for Oil
Brazil >> 11/1/2016 - The revision of a massive exploration contract between Brazil's government and Petrobras will be based on the price of oil at the end of 2014, likely leaving the state-run oil company with a credit, t...
Subscription to Raise £3m & Proposed Open Offer of up to £2.06m
United Kingdom >> 11/1/2016 - Egdon is pleased to announce the following developments:
...
US Stock Movements - October 2016
US Stock Movements - October 2016 United States >> 11/1/2016 - Preliminary data for September shows that total commercial oil stocks in the US fell by 11.2 mb, reversing the build of the last two months, to settle at 1,379.7 mb, which is around 74 mb, or 5.6%, ab...
No Partners for Ophir’s Floating LNG Project in EG
Equatorial Guinea >> 11/1/2016 - Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have halved to around $450 million, a se...
Africa Energy Announces C$15 Million Private Placement
South Africa >> 10/31/2016 - Africa Energy Corp. (Africa Energy) intends to raise CDN$15 million in new equity through a non-brokered private placement of new shares (the "Offering"). The private placement will be effected on a r...
New Mining Law to Speed up Processing of Licences
Oman >> 10/30/2016 - The new mining law, which will be announced soon, is expected to speed up processing of mining licences and bring more clarity to help mining firms to avoid project delays, according to a top-level of...
Egypt Moves Closer to IMF Loan With China Currency Swap Deal
Egypt Moves Closer to IMF Loan With China Currency Swap Deal Egypt >> 10/30/2016 - Egypt has reached a currency swap agreement with China valued at $2.7 billion, moving closer to meet the terms required to clinch a $12 billion loan accord with the International Monetary Fund. ...
Aramco Confirms it Unveiled a Corruption Case Associated with Embraer
Saudi Arabia >> 10/28/2016 - Saudi Aramco confirmed, as a follow-up to recently published reports by the media about a corruption case involving Embraer S.A., a Brazilian company, that its internal auditing activities that took p...
Chevron Reports Third Quarter Net Income of $1.3 Billion
United States >> 10/28/2016 - Chevron Corporation reported earnings of $1.3 billion ($0.68 per share – diluted) for third quarter 2016, compared with earnings of $2.0 billion ($1.09 per share – diluted) in the third quarter of 201...
ENAP Assets Continued to Improve & Increased to $769M
Chile >> 10/28/2016 - ENAP net income of US $ 105 million for the third quarter of 2016, EBITDA of US $ 531 million and increased its assets to US $ 769 million. This, thanks to greater efficiency and better management in ...

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