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Otto Energy Repays Galoc Field $35.9m Financing Facility
Philippines >> 7/1/2014 - Otto Energy Ltd has fully repaid the BNP Paribas financing facility, which was put in place in December 2012 to fund Otto’s share of the Galoc Phase II development. ...
Songa Offshore Secures $1.1b Credit Facility for Cat D 3 and 4
Norway >> 6/27/2014 - Songa Offshore SE has received a firm commitment from banks and an Export Credit Agency for the financing of the Cat D 3 and 4 newbuilds with a pre-delivery financing of USD 90 million per rig and a p...
WB Helps Build Strong Public Oversight of Production in Jubilee Field
Ghana >> 6/27/2014 - The World Bank Board of Executive Directors has approved additional financing of US$19.80 million to support the development of Ghana’s rich oil and gas reserves. This brings the total support to US$ ...
Egypt to Pay $1.5b Owed to Oil Companies by Year End
Egypt >> 6/26/2014 - Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government aims to lure back wary investors to tap its reserv...
Libya Central Bank Proposes Islamic Bonds to Offset Loss of Oil Revenues
Libya >> 6/25/2014 - Libya's central bank is proposing issuing Islamic bonds to help fund the budget and offset a loss of oil revenues which could create a deficit of $25 billion this year, the bank's spokesman said. ...
Increased Exploration Programme & Issue of Equity
New Zealand >> 6/20/2014 - Mosman Oil and Gas Limited has raised circa £3,000,000 by way of the placing of 13,043,474 new ordinary shares in the capital of the Company ("New Ordinary Shares") at 23p per share (AUD 0.41 per shar...
AfDB Approves $300m Loan to Boost Fuel Supply and Fertilizer Production in Nigeria
Nigeria >> 6/17/2014 - The Board of Directors of the African Development Bank (AfDB) approved on 13 June 2014 a loan of USD 300 million to Dangote Industries Limited for the construction and operation of a greenfield crude ...
Orange/BNP Paribas Open New Retail Mobile Banking Services in Africa
Ivory Coast (Cote D'Ivoire) >> 6/16/2014 - Orange and the BNP Paribas group offer retail banking customers in Africa direct access between their BNP Paribas account and their Orange Money account through their mobile phones. This new service i...
India Panel Seeks Tax to Fund Vehicle Emission Reductions
India >> 6/13/2014 - India should impose a tax on fuel sales to fund refinery upgrades for cleaner fuels so that vehicles can eliminate cancer-causing particle emissions, a government panel said. ...
Libyan Cabinet Urges Central Bank to Release Reserve Fund for Budget
Libya >> 6/12/2014 - Libya's government urged the central bank to release a special multi-billion-dollar reserve fund accumulated from past oil sales to help offset a precipitous loss of crude revenues that has crippled s...
Oil Market Highlights - June 14
Austria >> 6/12/2014 - Crude Oil Price Movements
The OPEC Reference Basket increased by $1.17 to stand at $105.44/b in May amid firming sentiment in the crude oil market. ICE Brent rose $1.15 to $109.24/b, whil...
Balance of Supply and Demand - June 14
Austria >> 6/12/2014 - Demand for OPEC crude in 2013 remained unchanged from the previous report to stand at 30.1 mb/d, which is 0.4 mb/d lower than the 2012 level. Demand for OPEC crude in 2014 also experienced a downwar...
Unit of Swala Energy Says Launches Tanzania IPO
Tanzania >> 6/9/2014 - A Tanzanian unit of Australia's Swala Energy Ltd is selling an almost 10 percent stake worth 4.8 billion shillings ($3.52 million) in an initial public offering on the east African nation's newly laun...
FAR to Undertake Placement for Kenya Cash
Kenya >> 6/2/2014 - FAR Ltd (FAR) is pleased to announce an equity raising placement which is expected to raise $8 million before expenses. The placement was arranged by Bell Potter Securities Limited (Bell Potter) as L...
Canacol Closes $125m Bought Deal Equity Financing
Canada >> 5/27/2014 - Canacol Energy Ltd has closed a bought deal equity financing announced on May 6, 2014. The Corporation issued 15,823,000 common shares of Canacol at a price of $7.90 per Common Share for gross proceed...
WHL Energy Receives $3.2m in Funding Support
Australia >> 5/27/2014 - WHL Energy Limited has completed a financing agreement to raise A$3.2 million. The capital raised via the cash advance term loan facility will be utilised to fund WHL Energy’s ongoing activities inclu...
Bengal Announces Term Sheet for $20m Secured Credit Facility
Australia >> 5/27/2014 - Bengal Energy Ltd is pleased to announce that it has signed an indicative term sheet for a US $20.0 million secured credit facility with a leading Australian commercial bank (the “Lender”), and provid...
KRG Will Deposit Revenues of Oil Sale in Halkbank
Iraq >> 5/23/2014 - Revenues from the first sale of oil piped from Iraqi Kurdistan will be deposited in Turkey's Halkbank, the autonomous region's government said in a statement. ...
Completed Placing of New Ordinary Shares to Raise $37.7m
Nigeria >> 5/21/2014 - Lekoil has conditionally raised gross proceeds of approximately US$37.7 million (approximately £22.4 million) through the placing of 33,000,000 new Ordinary Shares at a placing price of 67.75 pence pe...
Aramco Downstream Investments Over $100 bln
Aramco Downstream Investments Over $100 bln Saudi Arabia >> 5/18/2014 - Saudi Aramco, the state-owned firm of the world's largest oil exporter, said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in t...

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