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Financials and Investment News

Marathon Oil Reinstates Base Dividend and Reduces Debt
United States >> 10/1/2020 - Marathon Oil Corporation reported an update highlighting the reinstatement of a base dividend, recent debt reduction initiatives, and a transparent framework for future capital allocation and uses of ...
Stable Platform Agreement Extended
United Kingdom >> 10/1/2020 - Premier’s creditors have approved an extension to the previously announced Stable Platform Agreement with the Group’s financial covenants waived through to 5 November 2020. Discussions continue relati...
BPC Raised £9.5 million Placing
Bahamas >> 10/1/2020 - Highlights:
- Successful Placing to institutional investors to raise gross proceeds of £9.5 million ($12 million) through the issue of 475,000,000 new ordinary shares at a price of 2p each
...
Adjustment Information Relating to Potential Subsequent Offering
Bermuda >> 9/30/2020 - Reference is made to Borr Drilling Limited’s stock exchange announcements of 30 September, 2020, relating to the successfully completed equity offering through the subscription and allocation of 51,88...
QEP Resources Completes Redemption of Its 6.875% Senior Notes Due 2021
United States >> 9/30/2020 - QEP Resources, Inc. completed its previously announced redemption of its 6.875% Senior Notes due 2021 (the “2021 Notes”) in the aggregate principal amount of $275.3 million. The 2021 Notes were redeem...
Oasis Petroleum Takes Action with the Support of its Lenders
United States >> 9/30/2020 - Oasis Petroleum Inc. has entered into a restructuring support agreement (the "RSA") with substantially all of its lenders in Oasis Petroleum's revolving credit facility and holders of 52% of the aggre...
Block Energy Announces Interim Results
Georgia >> 9/30/2020 - Block Energy, the exploration and production company focused on Georgia, has announced its interim results for the six months ended 30 June 2020.

Highlights

- Entered into...
Africa Energy Closes Previously Announced Private Placement
South Africa >> 9/30/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces the successful closing of the equity issue (the “Private Placement”) of common shares i...
Solo Oil Announces Unaudited Interim Results 2020
Tanzania >> 9/30/2020 - Solo Oil, the AIM investing company targeting attractive production and development opportunities within the European Energy market, is pleased to announce its Unaudited Interim Results for the six mo...
Adnoc Launches First Trading Unit
United Arab Emirates >> 9/30/2020 - The Abu Dhabi National Oil Company (ADNOC) announced that one of its new trading entities, ADNOC Trading, has started derivatives trading as a direct market participant. This represents a major milest...
Seadrill Announces Extension of Forbearance Agreements
Bermuda >> 9/29/2020 - Seadrill Limited has agreed to extend and/or renew the existing forbearance agreements with certain creditors, announced on 15 September 2020, in respect of the group's senior secured credit facility ...
Tap Oil Announces Voluntary Delisting
Australia >> 9/29/2020 - Tap Oil has announced its intention to delist from the Australian Securities Exchange (ASX) and to undertake both an opt-out non-marketable parcel buy-back facility (Non-marketable Parcels Facility) a...
Further Extension of Application Period for the Equity Offering
Bermuda >> 9/29/2020 - Reference is made to Borr Drilling Limited’s announcement dated 22 September relating to the contemplated equity offering of USD 40-50 million in new depository receipts (the “Equity Offering”) and th...
Rex Appoints ABG Sundal Collier to Review Financing Options
Oman >> 9/29/2020 - Rex International Holding Limited, a technology-driven oil company, has appointed Nordic independent investment bank ABG Sundal Collier ASA (“ABGSC”) as financial adviser and intermediary to review no...
Interim Results Reporting Timeline and Optimum Payment
Nigeria >> 9/28/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, provides the following corporate update: ...
Further Repayment of Riverfort Loan Facility
United Kingdom >> 9/28/2020 - Angus Energy has repaid £58,333 in cash on the above facility, as noted in our RNS of 20 April 2020, as opposed to allowing further conversion of this amount. The revised loan facility balance will t...
Valaris Executes $500M DIP Term Loan Credit Agreement
United Kingdom >> 9/28/2020 - Valaris has announced that, on September 25, 2020, the Company entered into a $500 million Debtor-in-Possession ('DIP') term loan agreement with certain of its noteholders. This agreement was executed...
ShaMaran Atrush August Payment Received
Iraq >> 9/28/2020 - ShaMaran Petroleum Corp. has provided the following update to stakeholders.

The Company confirms that a payment of $20 million ($6.8 million net to the Company) has been received from th...
Petrobras on Agreement with Sete Brasil
Brazil >> 9/28/2020 - Petrobras, following up on the release disclosed on June 24, 2020, informs that its Executive Board approved a second alteration to the deadline for certain precedent conditions set forth in the agre...
Petrobras on Revolving Credit Lines
Brazil >> 9/28/2020 - Petrobras, following up on the releases disclosed on 08/25/2020, 07/27/2020 and 03/20/2020, informs it has made the total prepayment of the remaining balance of its revolving credit lines denominated...

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