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R$ 157 million Recovered by Lava Jato Operation
Brazil >> 5/12/2015 - Petrobras announces that today R$ 157 million in funds repatriated by Brazil’s Federal Prosecutor as a result of Operation Lava Jato were made available for the Company. This is the first reimbursemen...
Chad to Reschedule $1.5b of Glencore-Led Oil Loans
Chad >> 5/11/2015 - Chad’s government is seeking to delay repayment of about $1.5 billion of Glencore Plc-led bank loans to conserve cash after a collapse in crude prices and its intervention in the war against Boko Hara...
Tethys Petroleum Limited: Update on Strategic Review and Discussions with SinoHan
Ireland >> 5/11/2015 - Tethys Petroleum Limited provides an update on the Strategic Review process and on-going discussions with SinoHan Oil and Gas Investment Number 6 B.V. (SinoHan). ...
Oil Price to Vary from $60 to $70
Iran >> 5/9/2015 - A senior Iranian petroleum ministry official has predicted that oil prices would vary from $60 to $70 this year. ...
Petrobras Plans Lawsuits to Recoup $440m in Graft
Brazil >> 5/8/2015 - Brazil's state-run oil company Petroleo Brasileiro SA plans to sue five construction and engineering firms and their senior executives to recover about 1.3 billion reais ($440 million) lost in a corru...
Iran & Algeria to Broaden Economic Ties
Iran >> 5/6/2015 - Iran and Algeria have agreed to expand economic cooperation, the head of Iran Chamber of Commerce said. ...
Chevron Reached Settlement Agreement with Woodsford Litigation
Ecuador >> 5/4/2015 - Chevron Corporation has reached a settlement agreement with Woodsford Litigation Funding Limited, a U.K.-based litigation funder that provided $2.5 million in funding to the fraudulent lawsuit against...
Sanctions Reduced Reliance on Oil Dollars
Iran >> 5/3/2015 - The Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has said without the sanctions the country would have developed more rapidly in certain areas, however “this was also probable that w...
Convertible Loan Facility Agreed with InfraStrata
Ireland >> 5/1/2015 - The Board of Baron Oil plc, the independent oil and gas exploration and production company, is pleased to announce that it has signed a Convertible Loan Agreement with InfraStrata plc with respect to ...
Freeport LNG Closes Financing & Commences Construction of 3rd LNG
United States >> 4/28/2015 - Freeport LNG Expansion, L.P. announced that its subsidiary, FLNG Liquefaction 3, LLC (FLIQ3), successfully closed on senior and mezzanine debt financing commitments of approximately $4.56 billion in c...
$7 billion of Iran Oil Money Not Paid
Iran >> 4/25/2015 - Sanctions have left $7 billion of Iran’s money from crude oil sales stranded abroad, Minister of Economic Affairs and Finance Ali Tayyebnia said. ...
Sino G&E Raises $62M in Share Placement, to Fund China Gas Assets
China >> 4/23/2015 - Sino Gas & Energy Holdings Limited (Sino Gas or the Company) announced the completion of a capital raising with commitments received for a placement of 500 million shares at $0.1242 (AUD 0.16) per sha...
Chevron's Kazakh JV Slows Expansion Plans Due to Weak Oil Price
Kazakhstan >> 4/22/2015 - Kazakhstan's leading oil producer has slowed its expansion plans further and cut planned spending this year in response to lower oil prices, a senior executive at Chevron's joint venture Tengizchevroi...
Petrobras Presented R$21.6 billion Loss in 2014
Brazil >> 4/22/2015 - We presented a loss of R$21.6 billion in 2014, mainly due to an asset impairment charge of R$44.6 billion and a R$6.2 billion write-down arising from improper payments identified within the scope of t...
Gazprom Saves RUB 7 billion on Lower Gas, Heat & Power Consumption
Russia >> 4/20/2015 - A meeting of the Gazprom Coordinating Committee for Environmental Protection and Energy Efficiency took place at the Gazprom headquarters under the chairmanship of Vitaly Markelov, Deputy Chairman of ...
Loan Contracts and Divestment Plan
Brazil >> 4/17/2015 - Petrobras announces that concluded negotiations on the following loan contracts:

· R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year perio...
SOCAR President Meets with Georgian Prime Minister
Azerbaijan >> 4/17/2015 - SOCAR President Rovnag Abdullayev met with the Prime Minister of Georgia Irakli Garibashvili within his visit to Georgia. The parties discussed bilateral economic relations, strategic issues of the re...
Oil Market Highlights in April 2015
Austria >> 4/16/2015 -  Crude Oil Price Movements
The OPEC Reference Basket retreated in March by $1.60 to $52.46/b as the market refocused on the oversupply situation as demand remained subdued. ICE Brent a...
Balance of Supply and Demand
Austria >> 4/16/2015 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report to stand at 29.0 mb/d, which is 1.4 mb/d lower than the 2013 level. In 2015, demand for OPEC crude was revised up b...
OGPAR and OGX Enter into a Standstill Support Agreement
Brazil >> 4/10/2015 - OGPar, OGX have entered into Standstill and Settlement Support Agreement, Assumption of Affirmative and Negative Covenants and Other Arrangements with certain consenting creditors who , directly or t...

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