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BG Group Revises Chief Executive Remuneration Package
United Kingdom >> 12/1/2014 - Following extensive shareholder consultation, the BG Group Board and Helge Lund wish to respond to BG Group shareholder concerns. The Company announces revisions to the remuneration package for its ne...
KNPC to Invest $40 Bln to 2022
Kuwait >> 11/24/2014 - Kuwait National Petroleum Co ( KNPC ) plans to spend $40 billion in the period to 2022 on projects including a new refinery and a clean fuels project, its chief executive said. ...
Petrobras Received a Subpoena from SEC
Brazil >> 11/24/2014 - Petrobras received a subpoena from the U.S. Securities and Exchange Commission (“SEC”) requesting certain documents relating to the SEC’s investigation of the Company. ...
CYGAM Receives Tax Assessments from the Tunisian Authorities
Tunisia >> 11/24/2014 - CYGAM Energy Inc through its wholly owned subsidiary, Rigo Oil Company Limited, which operates in Tunisia, has received tax assessments from the Tunisian tax authorities relating to taxation years 201...
Oil, Global Equities Support Markets
Egypt >> 11/23/2014 - A slight rebound in oil prices and a rally in global equities supported most stock markets in the Middle East on Sunday, but profit-taking continued in Qatar. ...
Global LNG-Prices Slide as Australia, Nigeria Offer Fresh Supply
Nigeria >> 11/21/2014 - Asian spot liquefied natural gas (LNG) prices extended losses this week as demand in December and January flat-lined, which is likely to have reduced interest for two sell tenders by Australia and Nig...
Kayan Signs Two Financing Deals Totalling $700m
Saudi Arabia >> 11/20/2014 - Saudi Kayan Petrochemical Company (Saudi Kayan) announces the signing of an Islamic Murabaha facility agreement with the National Commercial Bank and Samba Financial Group on November 19. Guaranteed a...
PF Informs an Error to Director Jose Carlos Cosenza
Brazil >> 11/19/2014 - Petrobras has learned that the officer Marcio Adriano Anselmo, the Regional Superintendent of the Parana Federal Police Department, sent an official letter to the judge Sergio Moro, the 13th Criminal ...
KUFPEC Secures $1 Billion
Kuwait >> 11/19/2014 - KUFPEC ,a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), signed a new $1 billion (c. KD288 Million) five-year term loan facility. The Bank of Tokyo-Mitsubishi UFJ, Ltd., HSBC Bank Mid...
Primeline Signs Project Finance Contract
China >> 11/18/2014 - Primeline Energy Holdings Inc. announces that the binding documentation for the project finance facility for the financing of its share of the costs to complete the LS36-1 gas field development ("Deve...
Rousseff Comments on Petrobras Scandal
Brazil >> 11/16/2014 - A widening corruption scandal at state-run oil company Petroleo Brasileiro SA may change the country forever, Brazilian President Dilma Rousseff said in her first public remarks since a sweeping polic...
Solo Oil Secures$5m Convertible Loan Facility
United Kingdom >> 11/14/2014 - Solo Oil plc has entered into a Convertible Loan Agreement with institutional investors arranged by RiverFort Global Capital Limited ("RiverFort Investors") for a total maximum commitment of US$5 mill...
Sound Oil Signed Nervesa Reserve Based Lending
Italy >> 11/13/2014 - Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce signature of the Reserve Based Lending facility for the Nervesa discovery which was previously anno...
Egypt to Repay Debts to Foreign Oil Companies within Six Months
Egypt >> 11/13/2014 - Egypt plans to repay all of its $4.9 billion debt to foreign oil and gas companies within six months, the oil ministry said, a move it hopes will prompt them to boost exploration and ease the worst en...
Kuwait to Spend $40b to Boost Oil Output to 4 Mln Bpd
Kuwait >> 11/13/2014 - Kuwait plans to invest around $40 billion to boost its oil production capacity to 4 million barrels per day (bpd) by 2020, an executive from Kuwait's state oil company ( KOC ) said. ...
SOCAR’s Payments for October 2014
Azerbaijan >> 11/13/2014 - SOCAR paid AZN 151 million 691 thousand to the State Budget for October of the current year that is AZN 12 million 715 thousand (109.1 %) more than the payments for the same period of 2013. ...
Mike Harding Retires from the Board of Roc Oil
Australia >> 11/13/2014 - ROC advises that Mike Harding has resigned from the Board of the Company with immediate effect from today. An Independent Non-executive Director since June 2012, Mr Harding was elected Chairman of ROC...
Balance of Supply and Demand
Balance of Supply and Demand Austria >> 11/13/2014 - Forecast for 2015

Demand...
Oil Market Highlights - November 14
Austria >> 11/12/2014 -  Crude Oil Price Movements
The OPEC Reference Basket averaged $85.06/b in October, representing a decline of $10.92 from the previous month. Nymex WTI dropped $8.83 to average $84.34/b a...
Balance of Supply and Demand
Austria >> 11/12/2014 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.5 mb/d, which is 0.8 mb/d lower than the 2013 level. Demand for OPEC crude in 2015 was also unchanged to aver...

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