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Peru to Cut Oil & Gas Royalties to 5% to Counter Price Slump
Peru >> 11/11/2015 - Peru is reducing royalties on oil and gas production to about 5 percent on average from the current 20 percent in order to encourage exploration amid slumping prices, the government said. ...
Nigeria Aims to Pass Amended PIB
Nigeria >> 11/11/2015 - Nigeria will amend its long-awaited petroleum industry bill (PIB) and may remove the taxation element to speed its passage, the country's new petroleum minister said. ...
Trinity Agreed a Further Extension to the Moratorium on Principal Repayments
Trinidad and Tobago >> 11/11/2015 - Trinity has agreed a further extension to the moratorium on principal repayments, relating to Trinity’s outstanding debt balance of US$13.0 million with its lender, until the 20th of November 2015. Di...
Mart Resources Amends Agreement with Delta Oil
Canada >> 11/11/2015 - Mart Resources, Inc announces that further to its press release of October 16, 2015, Mart and Delta Oil Nigeria B.V. have jointly agreed, pursuant to the terms of an amending agreement to amend the te...
Far East Energy Ceases all Operations & Files Voluntary Chapter 7 Petition
China >> 11/10/2015 - Far East Energy Corporation (FEEC), the U.S. listed company that operates the Shouyang Coalbed Methane Production Sharing Contract in Shanxi Province, People’s Republic of China, announced it has ceas...
SOCAR Cuts Cost of Trans Anatolian Pipeline by 25%
Azerbaijan >> 11/10/2015 - Azeri state energy firm SOCAR reduced cost of the Trans Anatolian Pipeline (TANAP), which will carry Azeri gas to European markets, by almost a quarter to around $8.3 billion. ...
Colombia to Cut Oil Taxes to Boost Offshore Exploration
Colombia >> 11/9/2015 - Colombia will lower tax rates for oil companies drilling in some offshore blocks in the Caribbean, the Mines and Energy Minister said on Monday, in an effort to encourage exploration amid a global slu...
Reduced Equity Share at Agbami following Redetermination
Nigeria >> 11/6/2015 - Statoil has received an Expert calculation of revised tract participations for the Agbami field in Nigeria. Assuming implementation, this calculation will result in a reduction of 5.17% in Statoil’s e...
Wison Secures $631.2M Credit Line by China Minsheng Bank
China >> 11/2/2015 - WISON Offshore & Marine Ltd. (WISON Offshore & Marine) announced today that it has been granted over 4-billion-RMB line of credit by China Minsheng Bank (CMBC) to support its new order financing. This...
Occidental Arbitration Award Reduced to $1 bln
Ecuador >> 11/2/2015 - A World Bank tribunal reduced to about $1 billion the amount Ecuador must pay Occidental Petroleum Corp in compensation for seizing the U.S.-based company's assets, in a decision made public. ...
IFC Provides a $60m Loan to PanAfrican Energy Tanzania
Tanzania >> 11/2/2015 - IFC, a member of the World Bank Group, is providing a $60 million loan to PanAfrican Energy Tanzania Limited to help develop Tanzania’s offshore natural gas reserves as a means to provide reliable, lo...
Yokogawa Wins International Standard Encouragement Award
Japan >> 10/30/2015 - Yokogawa Electric Corporation announces that Yokogawa employees have received the International Standard Encouragement Award from the Japanese Ministry of Economy, Trade and Industry (METI) and the 20...
Successful Completion of FAR Limited's $25m Placement
Senegal >> 10/30/2015 - FAR Limited announces the successful completion of the placement of fully paid ordinary shares (Shares) to institutional and sophisticated investors to raise $25 million, as announced on 23 October 20...
Pemex Loses Nearly $10 bln in 3rd Quarter
Mexico >> 10/28/2015 - Mexico's state-run oil company Pemex reported a steep third-quarter loss of 167.5 billion pesos ($9.9 billion), well over double the 60 billion pesos loss in the same period last year, hurt by low oil...
KPC Signs MoU worth USD 5 bln with Korea's Eximbank
Kuwait >> 10/27/2015 - The Kuwait Petroleum Corporation (KPC) and the Export-Import Bank of Korea, also known as Korea Eximbank, have signed in Seoul, a Memorandum of Understanding (MoU) worth USD 5 billion. ...
Trinity Agreed a Further Extension to the Moratorium on Principal Repayments
Trinidad and Tobago >> 10/27/2015 - Trinity has agreed a further extension to the moratorium on principal repayments, relating to Trinity’s outstanding debt balance of US$13.0 million with its lender, until the 6th of November 2015. Dis...
AfDB to Mobilize $55b a year to Bring Electricity for Poorest Parts of Africa
South Sudan >> 10/26/2015 - The African Development Bank’s new president wants to bring electricity to the poorest parts of the continent within a decade and says he can mobilize $55 billion a year to make it happen. ...
Venezuela Defends Equilibrium Price in Oil Market
Venezuela >> 10/26/2015 - People’s Minister of Petroleum and Mining and President of Petroleos de Venezuela, SA (PDVSA), Eulogio Del Pino, participated along with the president of the Permanent Commission on Energy and Petrole...
AfDB Approves $90m Loan to Promote Science & Technology in Angola
Angola >> 10/24/2015 - The Board of Directors of the African Development Bank (AfDB) approved on October 21, 2015, a loan of US $90 million for the Republic of Angola to finance a Science and Technology Development project ...
Postponement of the IPO of Petrobras Distribuidora
Brazil >> 10/23/2015 - Petrobras hereby announces that, given the adverse conditions in the capital market, its Board of Directors approved, in a meeting held, the postponement, for an undetermined period, of the registrati...

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