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Historic Energy Overhaul Advances in Mexican Congress
Mexico >> 8/2/2014 - Mexico's lower house of Congress passed early the last package of bills needed to implement a landmark energy reform, moving the reform one step closer to final approval. ...
Loan Insurance for Petrobras to the FPSO Hulls Project
Brazil >> 8/2/2014 - Nippon Export and Investment Insurance (NEXI) has decided to provide insurance for loans in relation to engineering, procurement and construction (EPC) contracts for the construction and conversion of...
ANP Fines Petrobras Again over Output Measures
Brazil >> 8/1/2014 - Brazil's oil regulator, ANP fined Petroleo Brasileiro SA 7 million reais ($3.10 million) for not regulating the system to measure gas output at the Cherne-1 platform. ...
Novatek Says Sanctions Strain Funding for Yamal LNG
Russia >> 7/31/2014 - Western sanctions will force foreign shareholders to dig deeper in their pockets to fund Russia's Yamal LNG project, key for Moscow's plans to carve out a greater share of the frozen sea-borne gas mar...
Simba Energy Closes the Private Placement
Canada >> 7/31/2014 - Simba Energy Inc. has increased the size of its non-brokered private placement to up to 54,118,009 units offered at a price of Cdn$0.06 per Unit to raise gross proceeds of Cdn $3,247,080. Each Unit co...
Tangiers Petroleum Requests Trading Halt
Morocco >> 7/31/2014 - Tangiers Petroleum Limited advises that it has requested a trading halt of the Company's securities on both ASX and AIM due to pending results from the TAO-1 exploration well. The Company expects the...
New Sanctions on Russia over Ukraine by EU & U.S.
Russia >> 7/29/2014 - The European Union and the United States on Tuesday announced further sanctions against Russia, targeting its energy, banking and defense sectors in the strongest international action yet over Moscow'...
BP Warns of Possible Sanctions Impact
Russia >> 7/29/2014 - Oil and gas producer BP reported a sharp rise in second quarter profits but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil co...
BP Reports Second Quarter 2014 Results
Azerbaijan >> 7/29/2014 - BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same p...
Brazil's ANP Fines Petrobras over Output Measures
Brazil >> 7/28/2014 - Brazil's petroleum regulator, the ANP, fined state-run oil company Petroleo Brasileiro SA 5.55 million reais ($2.49 million) after problems were discovered with gauges used to measure oil and gas outp...
Court Orders Russia to Pay $50b for Seizing Yukos Assets
Russia >> 7/28/2014 - An international arbitration court ruled on Monday that Russia must pay $50 billion (29.44 billion) for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fel...
Regarding Rulings of Arbitrations in Hague
Russia >> 7/28/2014 - Rosneft takes note of the rulings in related arbitrations brought by the former majority shareholders of Yukos Oil Company against the Russian Federation pursuant to the Energy Charter Treaty. ...
EU's Planned Sanctions Against Russia to Hit South Stream, Yamal LNG
Russia >> 7/24/2014 - The European Union's proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom's huge South Stream gas pipeline project to Europe and Novatek's Arctic Yamal liquefied natu...
Octanex Secures Project Finance for Ophir Development
Malaysia >> 7/24/2014 - Octanex has announced that limited recourse project finance has been secured for the development of the Ophir field, offshore Malaysia. Octanex is a 50% shareholder in Ophir Production Sdn Bhd ('OPSB'...
Conditional Placing and Subscription to Raise up to $20.0m
Nigeria >> 7/23/2014 - Sirius Petroleum has conditionally raised gross proceeds of up to US$20,000,000 by way of a placing and a subscription (the "Placing and Subscription"). ...
China Provides $4b to Venezuela in Exchange for Oil
Venezuela >> 7/21/2014 - China will provide Venezuela with a new $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela. ...
Loan Insurance for an Ultra-Deepwater FPSO Project
Brazil >> 7/18/2014 - Nippon Export and Investment Insurance (NEXI) has decided to provide the loan insurance for the FPSO Project in Carioca area of a pre-salt oil field in Brazil for Carioca MV 27 B.V. (CMV27), a company...
Africa Oilfield Logistics Limited Conditionally Raises 7.0m
Kenya >> 7/17/2014 - Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, is pleased to announce that it has conditionally raised approximately 7.0 million (approximately...
Swala Energy Announces Trading Halt Regarding Block 12B JV
Kenya >> 7/17/2014 - In accordance with ASX Listing Rule 17.1, Swala Energy Limited (Swala Energy) requests that a trading halt be implemented in respect of all Swala Energy securities quoted on the ASX, pending an announ...
British Government to Help Fund New Oil Regulator until 2022
United Kingdom >> 7/16/2014 - The British government announced another 3 million pounds ($5.14 million) a year in funding for the country's new oil regulator until 2022, after which it will be fully financed by the industry. ...

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