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Oil at Two Month High on China Demand Hopes
China >> 3/1/2016 - Oil prices rose on Tuesday 1st March 2016 after China's surprise monetary policy easing stoked expectations for higher oil demand from the world's largest commodities consumer and signs emerged that a...
Pemex Defers Projects Amid Oil Rout, Downbeat on Prices
Mexico >> 2/29/2016 - Pemex would put billions of dollars worth of projects on hold, citing a financial squeeze caused by the prolonged rout in global oil prices, which it expects will intensify in the near term. ...
Mexico's Pemex Posts Wider 4th-qtr Loss at $9.8b
Mexico >> 2/29/2016 - Mexico's national oil company Pemex reported a wider quarterly loss for the fourth quarter of last year at $9.8 billion, a nearly 44 percent deeper loss compared to the year-earlier period. ...
MEO Secures Funds for Cuba Exploration
Cuba >> 2/29/2016 - MEO Australia Limited has executed a Private Placement Agreement with London listed Leni Gas Cuba Limited to raise $1.4 million, with funds to be used to advance MEO’s exploration program on the Compa...
Petrobras Signed Term Sheet with CDB
Brazil >> 2/26/2016 - Petrobras has signed a Term Sheet with the China Development Bank (CDB), for financing of US$10 billion. The document contains the main terms and conditions of the operation and was signed by the Pre...
Ecopetrol Continues Financing of Its 2016 Investment Plan
Colombia >> 2/24/2016 - Ecopetrol S.A. reports that on February 23, 2016, it signed a bilateral commercial loan agreement with Bancolombia S.A. for COP$990 billion (Approximately USD$300 million). ...
Update on Domestic Pricing for 2015 & 2016
Kazakhstan >> 2/24/2016 - JSC KazMunaiGas Exploration Production (KMG EP) updates on domestic pricing for 2015 and 2016. ...
Egypt's Midor Signs $1.2 Billion Loan Agreement
Egypt's Midor Signs $1.2 Billion Loan Agreement Egypt >> 2/23/2016 - Egypt's state-owned Middle East Oil Refinery Company ( Midor ) has signed an initial loan agreement with three banks for $1.2 billion, the state news agency said. ...
Emerson to Get the Most from Capital Investments
United States >> 2/23/2016 - With volatile, low energy prices widely believed to be the “new normal,” companies must look for new ways to stay competitive and profitable. In most cases, those opportunities are found within their ...
Trinity Exploration & Production Provides Loan Update
Trinidad and Tobago >> 2/22/2016 - Trinity has agreed a further extension to the moratorium on principal repayments, relating to Trinity's outstanding debt balance of US$13.0 million with its lender, until the 26th of February 2016. Di...
Shell Starts Process to Pay Iran $2bn in Oil Debt
Iran >> 2/20/2016 - Global oil giant Shell has announced plans to repay its $2-billion oil debt to Iran, which it says it had been so far barred from paying due to western sanctions imposed against the country. ...
Iraqi Kurdistan Authorises $12m Gulf Keystone Payment
Iraq >> 2/19/2016 - Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, announces that the Kurdistan Regional Government has authorised a gross payment of US$15 million (...
Statoil Met Police over Angola Payments
Angola >> 2/19/2016 - Oil major Statoil met Norway's white-collar crimes police unit this week to explain payments made to Angola's state energy firm Sonangol, the Norwegian company and public officials said. Statoil denie...
Bashneft Purchases Bonds Worth 9.9 billion Roubles Under a Put Option
Russia >> 2/18/2016 - Bashneft has completed the purchase of series 04 bonds worth a total of 9 858 534 thousand roubles under a put option. ...
Manufacturing a First for IKTVA Program in Saudi Arabia
Saudi Arabia >> 2/17/2016 - Six high-efficiency gas compression trains for the first phase of Saudi Aramco’s Master Gas System Expansion Project have been assembled locally in Dammam, Saudi Arabia, for the first time, marking a ...
Gazprom Approves List of Measures Aimed at Increasing Company’s Global Market Share
Russia >> 2/16/2016 - The Gazprom Board of Directors approved an updated list of measures aimed at increasing the Company's share in the global gas market. It was noted that amidst the industry-wide changes the updating of...
Petroleum Development Oman to Borrow Abroad to Finance Projects
Oman >> 2/15/2016 - State-owned Petroleum Development Oman (PDO) will in future borrow abroad if it needs to finance projects rather than ask for more funds from its shareholders, Minister of Oil and Gas Mohammad bin Ham...
Bank Nizwa Signs $50m Financing Agreement with Hydrocarbon Finder
Oman >> 2/15/2016 - Bank Nizwa SAOG has signed an agreement to provide a structured financing facility of USD 50 million to Hydrocarbon Finder E&P LLC (HCF), an independent Oil & Gas exploration & production company prom...
Operational Excellence During Oil Price Downturn
United States >> 2/15/2016 - The oil industry is going through a rough patch right now. It may seem dire with wells going offline and new exploration being reduced, but this is not the first time this has happened and it won't be...
Balance of Supply and Demand - February 2016
Austria >> 2/11/2016 - Demand for OPEC crude in 2015 was revised down by 0.1 mb/d from the previous report to stand at 29.8 mb/d, which is 0.1 mb/d lower than a year earlier. The global oversupply for 2015 is estimated at...

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