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Balance of Supply and Demand - October 2017
Austria >> 10/11/2017 - OPEC crude in 2017 is estimated to be 32.8 mb/d, or 0.6 mb/d higher than in 2016. In 2018, OPEC crude is projected to reach 33.1 mb/d, about 0.3 mb/d higher than in 2017. ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 10/11/2017 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 39.50 million from the Kurdistan Regional Government as payment towards July 2017 crude oil deliveries to the export market from th...
ONGC Videsh Expects $400m Debt Repayment from Sudan
Sudan >> 10/9/2017 - ONGC Videsh expects Sudan to clear about $400 million owed to the state-run energy company after the lifting of the U.S. sanctions, its managing director N.K. Verma said. The past dues were relating t...
Australia's WorleyParsons to Buy AFW's Former Oil & Gas Assets for $298 million
Australia >> 10/9/2017 - Australian engineering firm WorleyParsons said on Monday it would buy the former upstream oil and gas assets of Britain’s Amec Foster Wheeler for 228 million pounds ($298.22 million), marking its entr...
Erin Energy Obtains Funding for Miocene Exploration Well
Nigeria >> 10/4/2017 - Erin Energy Corporation (Erin Energy), announced that funding commitment has been obtained to drill our high-impact Miocene exploration well. Site survey of drilling location has been completed and th...
Sterling Resources in Discussions Regarding Potential Transaction
Canada >> 10/2/2017 - Sterling Resources Ltd. (Sterling) is engaged in preliminary discussions regarding a potential transaction with a third party involving a potential reverse take-over of the Company. No agreement has b...
Overwhelming Acceptance by Creditors Entitled to Vote on Chapter 11 Plan
France >> 10/2/2017 - CGG SA announces that all creditor classes entitled to vote on the chapter 11 plan proposed in the chapter 11 cases commenced on 14 June 2017 in the US Bankruptcy Court for the Southern District of Ne...
Crude Oil Prices in September 2017
Azerbaijan >> 10/2/2017 - In September 2017, price for Brent crude oil in the world market was $56,05 per barrel, Urals oil - $54,17, and BTC FOB Ceyhan crude oil - $57,05.
Iraqi PM Presses Case for Baghdad to Receive Kurdistan Oil Revenue
Iraq >> 9/30/2017 - Iraqi Prime Minister Haider al-Abadi pressed the case for the central government in Baghdad to receive the income from Kurdistan’s oilfields, saying the money would be used to pay Kurdish civil servan...
ShaMaran Announces Atrush Oil Sales Agreement Signed
Iraq >> 9/29/2017 - ShaMaran Petroleum Corp. announces that an agreement for the sale of Atrush oil has been signed between Taqa Atrush BV. (on behalf of the Atrush co-venturers) and the Kurdistan Regional Government ("K...
Cenovus Energy Files for $7.5 Billion Mixed Shelf Offering
Canada >> 9/29/2017 - Canadian oil and gas producer Cenovus Energy filed a mixed shelf offering for $7.5 billion with Canada and U.S. regulators, although the company said it currently has no plans to issue more debt or eq...
Doriemus plc Admitted to Trading on ASX
United Kingdom >> 9/29/2017 - Doriemus plc, the quoted company focused on UK based oil and gas exploration and production, has commenced trading on the Australian Securities Exchange (ASX). The Company successfully raised approxim...
Questerre Energy Announces Successful Private Placement
Canada >> 9/29/2017 - Questerre Energy Corporation (Questerre) is pleased to announce that its private placement of up to 34.9 million Common Shares (the "Private Placement") has been over-subscribed at a price of 5.70 NOK...
COPL on Track to Secure Funds for OPL 226 Offshore Nigeria
Nigeria >> 9/27/2017 - Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company focused on offshore West Africa, provides an operational update on its licences in offshore...
Pro-Growth Tax Policies to Strengthen US Energy Renaissance
United States >> 9/27/2017 - API President and CEO Jack Gerard issued the following statement in response to the tax reform proposal released today by Congressional leaders and White House officials. ...
Former Bertling Unit & Six Men Convicted in Angola Bribery Case
Angola >> 9/26/2017 - A former UK division of German logistics and freight company Bertling and six former employees have been convicted by a London court of bribing an agent of Sonangol, the Angolan state oil group. The s...
Iraq Minister of Oil Meets with the Consortium of CPEEC & EPG
Iraq Minister of Oil Meets with the Consortium of CPEEC & EPG Iraq >> 9/26/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil met with the delegation of the consortium of CPEEC & EPG companies headed by Mr. Lu Hogin. ...
Egypt Should Get Third Tranche after Second Review, End-2017
Egypt Should Get Third Tranche after Second Review, End-2017 Egypt >> 9/26/2017 - Egypt is expected to receive a third installment of around $2 billion of its $12 billion IMF credit programme after a second review at the end of this year, the IMF said on Tuesday. ...
Egypt Expects IPO of State-Owned ENPPI in Q1 2018
Egypt Expects IPO of State-Owned ENPPI in Q1 2018 Egypt >> 9/25/2017 - Egypt expects an initial public offering of state-owned oil company ENPPI during the first quarter of 2018, Investment Minister Sahar Nasr told Reuters on Monday, later than initially anticipated. ...
Petroleum Minister Meeting with the French Chamber of Commerce and Industry
Petroleum Minister Meeting with the French Chamber of Commerce and Industry Egypt >> 9/25/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that 2018 will witness revealing the Petroleum Ministry’s new strategy for developing Mineral Resources, in the framework of ...

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