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InterOil Secures US$470 Million Credit Facility
United States >> 2/7/2017 - InterOil Corporation has entered into a new US$470 million senior secured credit facility. Once the conditions precedent are satisfied, the new facility will refinance and replace the existing US$400 ...
NU-Oil and Gas Announces Placing & Subscription to Raise 2.05m
United Kingdom >> 2/6/2017 - NU-Oil is pleased to announce that on 3 February 2016 it completed a placing and a subscription of new ordinary shares of 0.1 pence each in the Company (Ordinary Shares) to raise 2.05 million in tota...
Saudi Arabia Raises March Crude Oil Pricing for All Buyers
Saudi Arabia >> 2/3/2017 - Saudi Arabia, the worlds largest crude exporter, raised pricing for March sales to buyers from the U.S. to Asia as output cuts by OPEC and other producers shore up oil prices. ...
Russia Spare Asia Oil Supply Cuts in Fight to Hold Market Share
Russia >> 2/2/2017 - OPEC and non-OPEC producer Russia are shielding Asia from supply cuts agreed in a landmark deal last year as they fight to protect their share of the world's biggest and fastest growing oil market. ...
Prospex Oil & Gas Conditionally Raises 850,000 Gross
United Kingdom >> 2/2/2017 - Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that, subject to shareholder approval, including in respect of a share capital reorganisation, it has conditionally r...
Kuwait Plans Power Company IPO as Part of Economic Overhaul
Kuwait >> 1/30/2017 - Kuwait plans to list a power and water company this year, as part of plan to overhaul its economy following the slump in oil prices. ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 1/30/2017 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 8.41 million from the Kurdistan Regional Government as payment towards June 2016 crude oil deliveries to the export market from the...
InfraStrata Receives Advance Assurance for for VCT & EIS Status
United Kingdom >> 1/26/2017 - The Board of InfraStrata plc, the independent gas storage company, has received advance assurance from HM Revenue and Customs that it would qualify for Venture Capital Trust Scheme (VCT) and Enterpris...
Kazakhstan & Shell-Eni Group Continue Talks Over Tax Dispute
Kazakhstan >> 1/26/2017 - Kazakhstan has agreed to continue talks about a tax dispute with the Karachaganak consortium of oil majors led by Shell and Eni despite beginning arbitration proceedings, the Kazakh Energy Ministry sa...
Vivo Energy Teams Up with Orange Money at Shell Stations
Mali >> 1/24/2017 - Vivo Energy, the Shell licensee in Africa and Orange announce a collaborative Pan-African partnership agreement. Under this agreement, Orange Money (OM) customers will be allowed to cash in and cash o...
Saudi Aramco Asks Banks to Pitch for world's Largest Share Sale
Saudi Arabia >> 1/24/2017 - Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world's biggest initial public offering, sources familiar with the matter told Reuter...
Africa Finance Corp Issues $150 Million Debut Sukuk
Nigeria >> 1/24/2017 - Africa Finance Corp (AFC) said it issued a three-year $150 million sukuk, becoming the first African government-backed entity to sell an Islamic bond. The announcement confirmed a Reuters report this ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 1/23/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 38.89 million from the Kurdistan Regional Government as payment towards October 2016 crude oil deliveries to the export marke...
CGG Reduces Cash Costs & Related Issuance of Senior Notes
Norway >> 1/23/2017 - Reflecting CGGs commitment to focus on strict cost and cash management, CGG and CGGs Norwegian subsidiary Exploration Investment Resources II have entered into agreements to substantially reduce the...
Teekay LNG Contemplates Norwegian Bond Issuance
Bermuda >> 1/23/2017 - Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) announces that it intends to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bo...
Important Progress in the Recovery of Oil Prices
Important Progress in the Recovery of Oil Prices Venezuela >> 1/22/2017 - The Minister of Popular Oil, Nelson Martinez, offered statements following his first meeting of the OPEC Joint Monitoring Ministerial Committee and not OPEC, noting that it was very positive and that ...
OPEC, Non-OPEC Monitoring Committee to Meet Next after March 17
Kuwait >> 1/22/2017 - A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will meet next after March 17 in Kuwait, Kuwaiti Oil Minister Essam Al-Marzouq told reporters following the committee's fir...
Schlumberger Expects Markets Recovery in Late 2017
United States >> 1/20/2017 - Schlumberger NV said that it does not expect a "dramatic" short-term recovery in international markets, compared with North America where shale producers are already ramping up drilling activity. ...
Saudi's SABIC Q4 Net Profit Jumps 48 percent, First Rise in 10 Quarters
Saudi Arabia >> 1/19/2017 - Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported that its quarterly profit rose from a year earlier for the first time in ten quarters. ...
Rig Contractor to Fund Drilling Costs for Multi-Well Program
Gabon >> 1/19/2017 - Pura Vida Energy has entered into a conditional term sheet with a rig contractor to fund the costs of a three well, back to back drilling program on the Nkembe block, which will include an appraisal o...

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