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African Petroleum Shares De-Listed from the NSX
United Kingdom >> 1/5/2016 - African Petroleum, an independent oil and gas exploration company operating ten licences in five countries offshore West Africa, advises that further to its announcement on 22 December 2015 the Compan...
Genel Receives Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 1/5/2016 - Genel Energy plc (Genel) is pleased to announce that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government (KRG) for oil exported through the K...
Oil Prices Jump Over 2% on Saudi Arabia, Iran Tensions
Saudi Arabia >> 1/4/2016 - Oil prices jumped over 2 percent in the first trading hours of 2016 as relations between Middle Eastern rivals Saudi Arabia and Iran deteriorated following Riyadh's execution of a prominent Shi'ite Mu...
2015 Exit Production Rate Exceeds 12.0 BCFPY Target
China >> 1/4/2016 - Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce that it has exceeded its 2015 year end exit r...
Saudi Arabia 2016 Budget Assumes $45 Average Crude Price
Saudi Arabia >> 1/1/2016 - Saudi Arabia Disclosed its 2016 budget and it shows just how much the global crude oil glut is affecting the finances of the OPEC kingpin. The new budget calls for $224 billion in spending on $137 bil...
Angolan Fuel Prices Increase as Government Cuts Subsidy
Angola >> 1/1/2016 - Angola's Ministry of Finance said in a declaration fuel prices were increased to ease the burden of subsidies, Angolan news agency Angop reported. ...
Forecast for 2015 Balance of Supply and Demand - December 2015
Forecast for 2015 Balance of Supply and Demand - December 2015 Austria >> 12/29/2015 - Demand for OPEC crude in 2015 was revised down by 0.2 mb/d from the previous month’s report to stand at 29.4 mb/d. This represents an increase of 0.4 mb/d over the previous year. The last two quarters...
Gazprom Approves Investment Program & Budget and Cost Reduction Program for 2016
Russia >> 12/28/2015 - The Gazprom Board of Directors took notice of the information about the Company's preliminary operating results for 2015, projected Investment Program, Budget (Financial Plan) and Cost Optimization (R...
Asia Pacific Oil Demand in December 2015
Asia Pacific Oil Demand in December 2015 Japan >> 12/22/2015 - Preliminary October 2015 data recorded a contraction in Japanese oil demand following increases in August, September and the overall third quarter of 2015. Oil demand growth declined by around 63 tb/d...
Crown Point Comments on Lifting of Currency Controls in Argentina
Argentina >> 12/21/2015 - Crown Point Energy Inc. commented on the removal of currency controls in Argentina, which had imposed foreign exchange restrictions on the Argentine peso (“AR$”). Crown Point advises that it does no...
GeoPark Executes Offtake & $100m Funding Agreement with Trafigura
Colombia >> 12/21/2015 - GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, announced th...
Repayment’s Extension for Aminex’s Corporate Loan Facility
Tanzania >> 12/21/2015 - Aminex is pleased to announce a six month extension to the repayment of its corporate loan facility to 31 July 2016 has been agreed in principle. The extension will provide the Company with valuable f...
TAP Holds Bank Presentation
Azerbaijan >> 12/18/2015 - The representatives of over 20 leading project finance banks attended an introductory meeting organised by the Trans Adriatic Pipeline AG (TAP) in London. TAP is planning to raise limited recourse fin...
Nexans Renews a Revolving Credit Facility Worth € 600m
France >> 12/17/2015 - On December 14th 2015, Nexans signed a € 600 million Revolving Credit Facility with 11 of its core banks for a period of five years, thereby extending the tenor of the Group’s access to liquidity unti...
SBM Offshore Completes $800m Financing of Turritella
United States >> 12/16/2015 - The Company is pleased to announce that the Turritella joint venture led by SBM Offshore has completed the project financing of FPSO Turritella for a total of US$800 million. Project financing was sec...
Azeri SOCAR to Reduce Spending in 2016 Due to Low Oil Prices
Azerbaijan >> 12/15/2015 - Azeri state energy company SOCAR plans to cut spending next year due to lower oil prices and introduce changes in the way its overseas offices operate, it said. ...
First $20m Drawdown from $60m IFC facility for Tanzania Project
Tanzania >> 12/14/2015 - Orca Exploration Group Inc. (Orca) announces that its wholly owned subsidiary, Pan African Energy Tanzania Limited (PAET) has made an initial drawdown of US$20 million from the available US$60 million...
Genel Receives Payment from Taq Taq Field
Iraq >> 12/14/2015 - Genel Energy has announced that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Tur...
Balance of Supply and Demand - December 2015
Austria >> 12/13/2015 - Demand for OPEC crude in 2015 was revised down by 0.2 mb/d from the previous month’s report to stand at 29.4 mb/d, which is 0.4 mb/d higher than the 2014 level. In 2016, demand for OPEC crude is pro...
Nigeria to Boost 2016 Budget Even as Crude Revenue Declines
Nigeria >> 12/8/2015 - Nigeria’s government said it will boost spending by a fifth in next year’s budget without overstepping borrowing targets, even as oil revenue in Africa’s largest economy is set to fall. ...

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