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Saudi Arabia's Bahri Signs 700 Mln Riyal Loan for Oil Tankers Purchase
Saudi Arabia >> 5/5/2016 - The National Shipping Company of Saudi Arabia has signed a 700 million riyal ($186.7 million) loan to partly-finance the purchase of three very large crude carriers (VLCCs), the company known as Bahri...
Estimate for 2015 Balance of Supply and Demand - April 2016
Estimate for 2015 Balance of Supply and Demand - April 2016 Austria >> 5/5/2016 - Demand for OPEC crude for 2015 remained unchanged from the previous month to stand at 29.7 mb/d, representing a decline of 0.1 mb/d from the 2014 level. ...
Shell Makes Further Spending Cuts after BG Deal
Netherlands/Holland >> 5/4/2016 - Royal Dutch Shell said it plans to reduce 2016 spending by around 10 percent to $30 billion due to low oil prices, after reporting better than expected first quarter results. ...
Trinity Agreed Further Extension
Trinidad and Tobago >> 5/3/2016 - Trinity, an independent E&P company focused on Trinidad and Tobago, announces that the Company has agreed a further extension to the moratorium on principal repayments, relating to Trinity's outstandi...
Ras Markaz Project to Seek Global Funds
Oman >> 4/30/2016 - The construction of the first phase of Ras Markaz Oil Storage Terminal which involves the project’s infrastructure will cost anything between $300 to 400 million. This was stated by Dr Mohammed bin Ha...
Tullow Cuts Deeper as Banks Agree to Amend Loan Terms
Ghana >> 4/28/2016 - Oil and gas producer Tullow Oil has reduced its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices....
Aramco Value to Top $2 trillion, Less than 5 pct to be Sold
Saudi Arabia >> 4/25/2016 - Saudi Arabia expects state oil company Saudi Aramco to be valued at more than $2 trillion and plans to sell less than 5 percent of it through an initial public offering (IPO), Deputy Crown Prince Moha...
Kazmunaygaz May Borrow to Fund Upstream Subsidiary Buyout
Kazakhstan >> 4/21/2016 - Kazakh state-owned oil producer Kazmunaygaz may raise new debt to finance the buyout of minority shareholders of its upstream subsidiary KMG EP in a deal worth about $1 billion, its managing director ...
Forecast for 2016 Balance of Supply and Demand - April 2016
Forecast for 2016 Balance of Supply and Demand - April 2016 Austria >> 4/19/2016 - Demand for OPEC crude for 2016 remained broadly unchanged from the previous report and is projected to increase by 1.8 mb/d, to average 31.5 mb/d. Within the quarters, 1Q16 and 2Q16 were revised down ...
Omani Oil Majors in Talks on $4.35b Loans
Oman >> 4/17/2016 - Two major Omani state-owned oil companies are in negotiations regarding loan facilities worth a combined $4.35 billion, sources aware of the matter said, as the duo turn to bank markets for finance in...
Gabon Seeks Return to OPEC
Gabon >> 4/15/2016 - The African nation of Gabon wants to rejoin OPEC after more than two decades, two OPEC sources said, becoming the second former member in a year to seek a return to the oil exporters' group just as it...
Mexico Gives $4.2b Liquidity Boost to Pemex Finances
Mexico >> 4/13/2016 - Mexico's finance ministry announced a series of measures to improve national oil company Pemex's ailing finances, giving it a 73.5 billion peso ($4.2 billion) liquidity boost. ...
Balance of Supply and Demand - April 2016
Austria >> 4/13/2016 - Demand for OPEC crude in 2015 remained unchanged from the previous report to stand at 29.7 mb/d, which is 0.1 mb/d less than the 2014 level. In 2016, the demand for OPEC crude is projected at 31.5 m...
Victoria Secures $26m Debt Facility to Support Logbaba Expansion
Cameroon >> 4/13/2016 - Victoria Oil & Gas Plc, the integrated natural gas producing utility, is pleased to announce that its wholly-owned subsidiary Gaz du Cameroun S.A. ("GDC") has agreed a US$26m debt facility to support ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 4/12/2016 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 20.11 million from the Kurdistan Regional Government for March crude oil deliveries to the export and local markets from the Tawke ...
Engie & Gazprom Agree on Long-term Gas Price Revision
Russia >> 4/12/2016 - French gas and power group Engie and Russia's Gazprom Export have agreed to adapt the price of long-term gas supply contracts to fit market conditions, Engie said in a statement on Tuesday. ...
Tap Oil Provides Funding & Thailand Exploration Update
Thailand >> 4/11/2016 - Tap Oil Limited provides the following Funding and Exploration drilling update. ...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 4/11/2016 - Genel Energy plc announced that the Taq Taq field partners have received a gross payment of $19.88 million from the Kurdistan Regional Government (‘KRG’) for oil sales during March 2016. Genel’s share...
Keppel Land Subscribes for VND 500b Convertible Bonds
Singapore >> 4/8/2016 - Keppel Land Limited (Keppel Land), through its indirect subsidiary, Ibeworth Pte. Ltd. (Ibeworth), has entered into a subscription agreement with Nam Long Investment Corporation (NLG), a leading affor...
Forecast for 2016 Balance of Supply and Demand - March 2016
Forecast for 2016 Balance of Supply and Demand - March 2016 Austria >> 4/6/2016 - Demand for OPEC crude for 2016 was revised down by 0.1 mb/d from the previous report and projected to increase by 1.8 mb/d to average 31.5 mb/d. Within the quarters, the first quarter was revised down...

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