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Financials and Investment News

Petrus Resources Announces Extension to Credit Agreement
Canada >> 7/6/2020 - Petrus Resources Ltd. announces its syndicate of lenders has extended the borrowing base termination date on its revolving credit facility agreement from July 6, 2020, 2020 to July 13, 2020. The Compa...
Eni Affirms Decarbonization Strategy; Revises Long Term Price Projections
Italy >> 7/6/2020 - - Strategy and implementation actions to reduce the Company’s carbon footprint confirmed, and possibly speeded up;

- Long-term prices assumptions for Brent crude oil set at $60 /barrel (from ...
Kvaerner Improves Financial Results and Outlook
Norway >> 7/6/2020 - The second quarter has developed positively for key ongoing contracts and frame conditions, compared to the situation in the first quarter when the corona pandemic started. In sum, the effect is signi...
Borr Drilling Regains Compliance with NYSE Continued Listing Standard
United States >> 7/3/2020 - Borr Drilling Limited (“Borr”) (BDRILL), refers to its announcement on May 12, 2020 regarding the written notice received from the New York Stock Exchange (the “NYSE”) that the Company was not in comp...
Siem Offshore Reaches Agreement with the Canadian Lenders
Canada >> 7/2/2020 - Secunda Canada LP, a 100% owned company of Siem Offshore Inc., has entered into a settlement agreement with all 3 of its Canadian lenders, where all debt is eliminated by a 61% payment. The requiremen...
Lekoil Provides Prepayment Facility
Nigeria >> 7/2/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that LEKOIL Oil and Gas Investments Limited ("LOGL"), in which the Company ha...
ShaMaran Announces Interest Payment
Iraq >> 7/2/2020 - ShaMaran Petroleum Corp. provides the following announcement to stakeholders in connection with the Company’s news release dated July 1, 2020 and regarding the Bondholders of the Company’s 12% senio...
Abengoa Mexico Restructures its Debt after the Successful Amendment of its Bankruptcy Agreement
Mexico >> 6/30/2020 - Abengoa, the international company that applies innovative technology solutions for sustainability in the infrastructure, energy and water sectors, has received court approval, issued by the Sixth Dis...
Paramount Resources Announces Amended Credit Facility
Canada >> 6/30/2020 - Paramount Resources Ltd. has successfully completed amendments to its senior secured revolving bank credit facility (the “Facility”) with the unanimous support of its nine-bank syndicate. ...
Shell Announces Second Quarter 2020 Update
Netherlands/Holland >> 6/30/2020 - This is an update to the second quarter 2020 outlook provided in the first quarter results announcement on April 30, 2020. The impacts presented here may vary from the actual results and are subject t...
Trinity Exploration Announces Sale of USD 2.8M in VAT Bonds
Trinidad and Tobago >> 6/30/2020 -  Trinity, the independent E&P company focused on Trinidad & Tobago ("T&T"), today announces the successful sale the VAT Bonds received from the T&T Government on 29 May 2020 ("VAT Bonds") for US$ 2.8 ...
Chesapeake Receives Notice from NYSE Regarding Continued Listing Standard
United States >> 6/30/2020 - Chesapeake Energy Corporation was notified by the New York Stock Exchange ("NYSE") of its determination to commence proceedings to delist the Company's common stock and to suspend trading of the Compa...
Gulf Keystone Provides Report on Payments to Governments for 2019
Iraq >> 6/30/2020 - Gulf Keystone Petroleum Ltd. Provides Report on Payments to Governments for 2019. This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary und...
DOF ASA & DOF Subsea AS Enters Standstill Agreements with Lenders
Brazil >> 6/30/2020 - DOF ASA and DOF Subsea AS are pleased to announce that each of the companies have entered into suspension agreements ("stand-still agreements") with, or received similar concessions from, secured lend...
Diversified Gas & Oil Announces Reaffirmed Borrowing Base
United States >> 6/29/2020 - Diversified Gas & Oil PLC, the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, is pleased to announce that the Company's bank lending grou...
COPL Announces GBP500,000 Share Placing
Nigeria >> 6/29/2020 - Canadian Overseas Petroleum Limited (COPL) has entered into an agreement for a £500,000 common share placing (the "Placing") with one (1) investor at 0.3 Pence per common share ("Placing Price"). The ...
Kosmos Energy Signs Production Prepayment Agreement for up to $200M
United States >> 6/29/2020 - Kosmos Energy has entered into a crude oil prepayment agreement ("Prepayment Agreement") with Trafigura Trading LLC ("Trafigura"). The Prepayment Agreement provides up to $200 million of crude oil sal...
Martin Midstream Enters into Restructuring Support Agreement
United States >> 6/26/2020 - Martin Midstream Partners L.P. announced that it, its general partner, Martin Midstream GP LLC, and its subsidiaries Martin Midstream Finance Corp. (“FinanceCo”), Martin Operating GP LLC, Martin Opera...
Registration for the R $ 10M Bid by Petrobras & Sebrae Has Been Extended
Brazil >> 6/26/2020 - Petrobras and Sebrae have extended the registration deadline for the Petrobras Conexoes para Inovacao program notice. The new deadline for representatives of startups and small technology-based compan...
Petrobras on Leniency Agreement
Brazil >> 6/26/2020 - Petrobras announces that, following up to the release disclosed on July 25, 2019, it has received R$ 265 million related to the second installment of the leniency agreement executed by Technip Brasil ...

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