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Financials and Investment News

Doriemus Raises £865,200 to Fund Drilling at Brockham & Horse Hill
United Kingdom >> 10/21/2016 - Doriemus PLC, the London traded UK focused oil and gas exploration and production investment company, is pleased to report the results of the Open Offer that was announced on 6 September 2016.
Tidewater Receives Limited Waiver Extensions from its Lenders & Noteholders
United States >> 10/21/2016 - Tidewater Inc. (TDW) has been in discussions with its principal lenders and noteholders to amend the company's various debt arrangements to obtain relief from certain covenants. Pending the resolution...
Oil Price could be $55 or $90 in Five Years
Austria >> 10/21/2016 - While most experts agree Opec will cut production, their views on how that will affect the market differ widely. Analysts generally assume the cartel, which once held the oil market in its thrall, wil...
UAE's ENOC to Self-fund $1B Jebel Ali Refinery Expansion
United Arab Emirates >> 10/20/2016 - Emirates National Oil Co (ENOC) has decided it will self-finance the $1 billion expansion of its Jebel Ali oil refinery, having talked with regional and international banks about a potential loan, its...
£70 Million Placing And Up To £4.4 Million Open Offer
United Kingdom >> 10/20/2016 - Hurricane is pleased to announce that it has conditionally raised gross proceeds of £70 million through a proposed issue of 205,882,353 Placing Shares at a price of 34 pence per share. ...
Tower Resources Raises £0.56 Million through Open Offer
United Kingdom >> 10/20/2016 - Tower Resources plc (Tower), the AIM listed Africa focussed oil and gas exploration company, announced on 8 September 2016 the results of a placing of £1.03 million (US$1.35 million) and an intended O...
Saudi's PetroRabigh Posts Narrower Q3 net Loss on Crude Spreads
Saudi Arabia >> 10/20/2016 - Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) reported a narrower net loss in the third quarter as favourable spreads on crude oil offset a modest fall in sales. ...
MX Oil Updates on Nigerian Investment for OML 113
Nigeria >> 10/19/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that PR Oil and Gas Limited, the holder of its investment in OML 113, has now received US$1.2 million from the sale of the ...
Saudi's SABIC Expects Challenging 2017 Sales Environment
Saudi Arabia >> 10/19/2016 - The chief executive of Saudi Basic Industries Corp (SABIC) said that he expected the sales environment for its products to be challenging in 2017. ...
Saudi's Falih Says Oil Market at End of Downturn
Saudi Arabia >> 10/19/2016 - Saudi Arabia's energy minister gave an upbeat message to an audience of industry executives, saying the oil market was at the end of a downturn and producer action to limit supply would help it improv...
Oman Crude Oil Financial Contract Closes at US$49.75
Oman >> 10/18/2016 - The price of Oman Crude Oil Financial Contract, DME Oman, for December delivery, closed at US$49.75 a barrel at Dubai Mercantile Exchange at 12:30 p.m., Dubai time. ...
Gazprom Board of Directors Approves Adjusted Investment Program & Budget for 2016
Russia >> 10/18/2016 - The Gazprom Board of Directors approved the adjusted Investment Program, budget (financial plan), and cost optimization (reduction) program for 2016. ...
WesternZagros to Receive Insurance Claim for Hasira 1 Well in Iraqi Kurdistan
Iraq >> 10/18/2016 - WesternZagros Resources Ltd. announces two news items. The first is that the Company has entered into a letter agreement with its major shareholder, Crest Energy International, LLC, to further extend ...
Nakilat Concludes Third Quarter with Positive Results
Qatar >> 10/17/2016 - Nakilat has announced its financial results for the third quarter ended 30 September 2016, where the Company’s net profit reached QR 749 million compared to QR 757 million for the same period last yea...
Omanoil Inks deal with Al Raffd Fund to Support SMEs
Oman >> 10/16/2016 - Reaffirming its dedication to support the growth of the Sultanate’s entrepreneurial community, Oman Oil Marketing Company (omanoil) signed an agreement with the Al Raffd Fund to finance the creation o...
Kuwait’s KNPC Aims to Finalize $5 billion-plus Loan by First Quarter
Kuwait >> 10/16/2016 - Kuwait National Petroleum Co (KNPC) expects to finalize a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, sources involved in the project ...
Connor, Clark & Lunn Infrastructure & Samsung Announce $633 million Solar Bond Financing
Canada >> 10/14/2016 - Connor, Clark & Lunn Infrastructure and Samsung Renewable Energy Inc. (Samsung) announced the closing of an approximately $633 million bond financing for the 100 megawatt (MW) Kingston Sola...
Abu Dhabi's TAQA Plans to Tap Bond to Raise up to $500m
United Arab Emirates >> 10/12/2016 - Abu Dhabi National Energy Company (TAQA) plans to tap the bond issue it completed in June to raise additional funds worth upwards of $500 million, according to a document from arranging banks. The fir...
Stock Movements - October 2016
Austria >> 10/12/2016 - OECD commercial oil stocks fell in August to stand at 3,094 mb, which is around 322 mb above the latest five-year average. Crude and products indicated surpluses of around 191 mb and 131 mb above th...
EMGS to Reduce the Global Employee Expenses
Norway >> 10/12/2016 - Electromagnetic Geoservices ASA (EMGS) announces a reduction in the Company's cost base in line with a reduced level of activity. The Company will seek a global reduction in employee expenses of appro...

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