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TTNGL Dividend Announcement
Trinidad and Tobago >> 8/26/2016 - Trinidad and Tobago NGL Limited is pleased to advise that based on the financial results for the half-year ended 30 June, 2016, the Directors have declared an interim dividend of $0.50 per share to Sh...
OPEC Members' Export Revenue Drops to Lowest Level since 2004
OPEC Members' Export Revenue Drops to Lowest Level since 2004 Iran >> 8/26/2016 - Members of the Organization of the Petroleum Exporting Countries (OPEC) earned $404 billion in net oil export revenue in 2015, according to U.S. Energy Information Administration (EIA) estimates. Thes...
Forecast for 2017 Balance of Supply and Demand - August 2016
Forecast for 2017 Balance of Supply and Demand - August 2016 Austria >> 8/24/2016 - Demand for OPEC crude for 2017 remained unchanged from the previous report and is projected to increase by 1.2 mb/d to average 33.0 mb/d. Within the quarters, both the 2Q17 and 3Q17 were revised up by...
Nigeria Banks Banned from Foreign Currency Deals
Nigeria >> 8/24/2016 - Nine Nigerian banks have been suspended from foreign currency trading for not paying money owed to the government, a central bank source has told the BBC. The banks are said to be withholding a total ...
Gazprom Neft Successfully Completes Placement of RUB15 billion Exchange Traded Bonds
Russia >> 8/24/2016 - Gazprom Neft has successfully completed the book-building of series BO-01 and BO-04 exchange-traded bonds with a total nominal value of RUB15 billion, a maturity of 30 years, and a semi-annual coupon ...
Egypt Plans to End Fuel Subsidies within Three Years
Egypt Plans to End Fuel Subsidies within Three Years Egypt >> 8/23/2016 - Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters. ...
Iraq's New Oil Minister Sticks by Demand to Review Foreign Contracts
Iraq >> 8/22/2016 - Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister said, standing by a demand made by his predecesso...
Brent over $50/bbl on OPEC Freeze Talk, Weaker Dollar
Austria >> 8/18/2016 - Oil prices rose for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks as the world's biggest producers prepared to discuss a possible freeze in production levels....
Solo Receives 1st Payment for Gas Produced from Kiliwani North
Tanzania >> 8/18/2016 - Solo has been informed by Aminex PLC, operator of the Kiliwani North Field, that payment has now been received for its first invoice in relation to gas produced from the Kiliwani North-1 well in Tanza...
MEO to Raise $1.69m in Oversubscribed Share Placement
Australia >> 8/18/2016 - MEO Australia Limited has accepted commitments to raise approximately $1.69 million through a placement of approximately 46.9 million shares at $0.036 per share to qualified institutional and sophisti...
Trinity Issues Statement Regarding Subsidiaries' Proposal to Creditors
Trinidad and Tobago >> 8/17/2016 - Trinity, an independent E&P company focused on Trinidad and Tobago, announces that its Trinidad and Tobago incorporated wholly-owned subsidiaries Trinity Exploration and Production (Trinidad and Tobag...
Trinity Exploration & Production Announces Loan Update
Trinidad and Tobago >> 8/16/2016 - On 27 July, 2016, Trinity announced that it had agreed a new moratorium on principal repayments (the "Moratorium"), relating to Trinity's outstanding debt with its senior secured lender, Citibank, unt...
Santos Reports US$1 Billion Gladstone LNG Impairment Charge
Australia >> 8/15/2016 - Santos reported that, following a review of key production assets, it expects to recognise an impairment charge against the carrying value for GLNG of approx. US$1,050 million after tax (approx. US$1,...
Forecast for 2016 Balance of Supply and Demand - August 2016
Forecast for 2016 Balance of Supply and Demand - August 2016 Austria >> 8/15/2016 - Demand for OPEC crude for 2016 remains unchanged from the previous month to stand at 31.9 mb/d, representing an increase of 1.9 mb/d from last year’s level. Within the quarters, 2Q16 and 4Q16 remained...
Orpic’s Plastics Complex to Offer $1.5b in Business to Omani Firms
Oman >> 8/14/2016 - As part of a major initiative to strengthen in-country value (ICV) while building mega projects, contractors handling $6.5 billion worth of Liwa Plastics Industries Complex project have agreed to purc...
Swiss Court Backs Iran in Decades-Old Oil Row with Israel
Israel >> 8/11/2016 - Switzerland's highest court has ordered Israel to pay Iran around $1.1 billion plus interest in a decades-old dispute over a secretive oil pipeline company predating the 1979 Islamic revolution which ...
Balance of Supply and Demand - August 2016
Austria >> 8/10/2016 - Demand for OPEC crude in 2016 remains unchanged from the previous report to stand at 31.9 mb/d, which is 1.9 mb/d higher than the 2015 level. In 2017, the demand for OPEC crude is projected at 33.0 ...
Venezuela and China Consolidates a Perfect Integration
Venezuela >> 8/10/2016 - People’s Minister of Petroleum and President of Petroleos de Venezuela, S.A., (PDVSA), Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee the growth and e...
DNO Reports Payment for Tawke Deliveries
Iraq >> 8/8/2016 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 30 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy plc for June crude oil deliver...
Tanzania to Connect 1 mln Households to Power for $3 bln
Tanzania >> 8/8/2016 - Tanzania plans to spend 7 trillion shillings ($3.21 billion) over the next five years to connect about 1 million rural households to electricity, a senior government official said. East Africa's secon...

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