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Oil Market Highlights - July 2015
Austria >> 7/14/2015 - Crude Oil Price Movements
The OPEC Reference Basket averaged $60.21/b in June, representing a decline of $1.95.Crude oil futures prices saw mixed movement with ICE Brent falling by $1.86 ...
Balance of Supply and Demand - July 15
Austria >> 7/14/2015 - Demand for OPEC crude in 2015 was revised down by 0.1 mb/d from the previous report to stand at 29.2 mb/d, which is 0.2 mb/d higher than the 2014 level. In 2016, the demand for OPEC crude is project...
Argentina Ends some Financial Incentives for Energy Firms
Argentina >> 7/13/2015 - Argentina ended some financial incentives that were intended to boost energy investment in its huge shale oil and gas deposits even as it seeks to narrow an energy trade gap. ...
RigNet Announces Cost Restructuring Plan
United States >> 7/13/2015 - RigNet, Inc., a leading global provider of digital technology solutions to the oil and gas industry, announced a cost restructuring plan that reduces costs in line with activity levels in the upstream...
Pocess, Procedure & Work Instructions for Preventive Maintenance
United States >> 7/11/2015 - In the largest corporate settlement in U.S. history, British Petroleum has agreed to pay up to $18.7 billion to the federal government and five states. When added to the $43.8 billion BP had already s...
SOCAR’s Budget Payments for June 2015
Azerbaijan >> 7/8/2015 - SOCAR paid AZN 123 million 688 thousand to the State Budget for June of the current year. For January-June 2015, SOCAR transferred AZN 728 million 730 thousand to the State Budget. Besides, the Compan...
Otto Marine Limited Secures USD26 Million Loan
United States >> 7/3/2015 - Otto Marine Limited wishes to announce that Surf Subsea Inc. (the Borrower), a Delaware corporation in, which the Company indirectly has a 19.2% stake through its wholly-owned subsidiary, Surf Subsea ...
Max Petroleum Financial & Operational Update in Kazakhstan
Kazakhstan >> 7/3/2015 - Max Petroleum announces that Sberbank has unconditionally granted a six month standstill on all principal and interest payments due under the Company’s c.US$80 million loan through to 14 December 2015...
Jupiter Energy Announces Funding Update
Kazakhstan >> 7/2/2015 - The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM ("JPRL"), ASX ("JPR") and KASE ("AU_JPRL"), is pleased to advise that it has now rece...
Golar & Perenco Agree Material Commercial Terms for Cameroon FLNG
Cameroon >> 7/1/2015 - Golar LNG Limited is pleased to announce that, further to the announcement on 24 December 2014 regarding the signing of a Heads of Agreement with Societe Nationale de Hydrocarbures ("SNH") and Perenco...
Update on Funding and Assignment of Loan Facility
United Kingdom >> 6/30/2015 - Gulfsands Petroleum Plc, the AIM listed oil and gas company with activities in Syria, Morocco, Tunisia and Colombia, is pleased to provide the following update with regard to a proposed financing and ...
Madagascar Oil Agrees $5m Working Capital Facility
Madagascar >> 6/30/2015 - Madagascar Oil is pleased to announce that, as a continuation of the process in which the Company has appointed Jefferies International Limited as a strategic advisor to identify and secure a strategi...
Cheniere Partners Announces Debt Financing for Train 5 at the Sabine Pass Liquefaction Project
United States >> 6/29/2015 - Cheniere Energy Partners, L.P. announced that Sabine Pass Liquefaction, LLC ("Sabine Pass Liquefaction") has engaged 18 financial institutions to act as Joint Lead Arrangers to assist in the structuri...
Nigeria's Oil Company Kept Nearly Half of Oil Revenue
Nigeria >> 6/29/2015 - Nigeria's state oil company earned 8.1 trillion naira ($41 billion) from 2012 until the end of May, but only paid 4.3 trillion to the federal government, the country's National Economic Council (NEC) ...
Vallourec Shareholders to Receive Dividend Payment in Cash or in New Shares
France >> 6/26/2015 - In accordance with the resolution approved by the Shareholders' Meeting on 28 May 2015, shareholders were invited to choose to receive the dividend payment in cash or in new shares. The dividend in re...
BMT’s Charity Event Raises Over £5k for Help for Heroes
United Kingdom >> 6/25/2015 - BMT Isis (BMT), with support from sister companies, BMT Defence Services, BMT Hi-Q Sigma and BMT Reliability Consultants, has raised over £5,000 for the UK military charity, Help for Heroes (H4H) at i...
Cemtrex Announces Uplisting to NASDAQ & New Symbol "CETX"
United States >> 6/25/2015 - Cemtrex Inc., a diversified industrial and manufacturing technology company, announced today that its common shares will commence trading on the NASDAQ Capital Markets. The company's common stock will...
Gran Tierra Increased 2015 Capital Program with Focus on Colombia
Colombia >> 6/24/2015 - Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced an increased 2015 capital program. The increased capital is intended to provide accelerated deve...
ICBC Provides Financing for China’s Biggest Export Project to Belgium
Belgium >> 6/24/2015 - EXMAR is pleased to announce that under the witness of King Philippe of Belgium President Xi Jinping, Mr. Jiang Jianqing, Chairman of Board of ICBC and Mr. Nicolas Saverys, CEO of EXMAR, signed the fi...
EU Extends Economic Sanctions on Russia
Russia >> 6/23/2015 - European Union foreign ministers extended broad economic sanctions on Russia until the end of January 2016, a move designed to give the bloc time to gauge if the Kremlin will fully implement its side ...

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