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Balance of Supply and Demand - October 2015
Austria >> 10/13/2015 - Demand for OPEC crude in 2015 was revised up by 0.3 mb/d from the previous report to stand at 29.6 mb/d, which is 0.6 mb/d higher than a year earlier. In 2016, the demand for OPEC crude is projected...
Financing Agreement with ICBC Leasing
Brazil >> 10/13/2015 - Petrobras concluded the negotiations with the Industrial and Commercial Bank of China Leasing - ICBC Leasing related to a financing transaction amounting to US$2 billion for a period of 10 years, thro...
Emerson Launched Project Certainty for Improved Capital Efficiency
United States >> 10/12/2015 - Addressing a growing industry demand for transformational improvements in capital project execution, Emerson launched Project Certainty, an innovative technology and engineering-based approach for imp...
Vitol Signs $8 Billion Syndicated Revolving Credit Facilities
Switzerland >> 10/6/2015 - Vitol S.A. (Vitol) is pleased to announce the successful signing of its syndicated revolving credit facilities (the “Facilities”) totaling USD 8 billion. The new Facilities include a USD 7.076 billion...
Roxi Provides Exercise of Options
Kazakhstan >> 10/6/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announces that following the exercise of options 550,000 new shares ("Option Shares") have been issued. ...
Crude Oil Prices in World Market for September 2015
Azerbaijan >> 10/1/2015 - In September 2015, price for Brent crude oil in the world market was $47,61 per barrel, Urals oil - $47,19 and BTC FOB Ceyhan crude oil - $49,04.
Russia’s Big Hitters Looking to Drive Gas Sales in Emerging South East Asian Markets
Russia >> 10/1/2015 - Gazprom’s Deputy Chairman, Alexander Medvedev, and Chief Executive of Gazprom Export, Elena Burmistrova, will seek to promote the competitive value of Russian gas to the key emerging energy markets of...
Petrobras Increase Prices at the Refinery Gate
Brazil >> 9/30/2015 - Petrobras informs the following increase in prices at the refinery gate, which will be in effect beginning midnight, September 30, 2015: ...
Trinity Agreed a Further Extension to the Moratorium on Principal Repayments
Trinidad and Tobago >> 9/29/2015 - 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 9th of October 2015. The ...
Consumer Debt & Non-Fulfillment of Liabilities by Regions Hampering Gasification in Russia
Russia >> 9/28/2015 - The Gazprom Board of Directors considered the information about the progress with the Russian Regions Gasification Program. ...
United Nations Taps African Oil, Mineral Wealth to Fight Hunger
Mali >> 9/28/2015 - Four African countries have agreed to divert a portion of revenue from oil, gold and other resources to an innovative financing scheme that will tackle childhood hunger, the United Nations official be...
Statoil Estimates Reduced Capex for Johan Sverdrup Development
Norway >> 9/25/2015 - Statoil, the operator for the Johan Sverdrup development, has presented a preliminary capex estimate for the first phase of the development to the partnership. The updated estimate is showing reduced ...
Russia Says No Decision Taken on Changing Oil Tax System
Russia >> 9/23/2015 - Russia has not decided whether to change taxes on oil firms in the world's top crude producer, Finance Minister Anton Siluanov said on Tuesday, with energy companies warning that higher taxes would hi...
Sirius Raises Funds for Ororo Field
Nigeria >> 9/22/2015 - Sirius Petroleum the investing company focused on oil and gas exploration and development opportunities is pleased to announce that it has raised a total of Ł1,035,000 (net of fees) through a Placing ...
ShaMaran Petroleum Provides Update on Atrush Block
Iraq >> 9/21/2015 - ShaMaran Petroleum Corp. announces that its wholly owned subsidiary, General Exploration Partners, Inc. (GEP), has received a Default Notice from the Operator of the Atrush Block, TAQA Atrush B.V. ("T...
Russian Finance Ministry Proposes Move to Raise Tax on Oil Extraction
Russia >> 9/19/2015 - Russia's finance ministry has proposed changing the calculation method for Mineral Extraction Tax for oil companies by including a so-called "rouble deduction" that would significantly boost revenues,...
AfDB Approves US$ 121m for Electricity Expansion in Uganda
Uganda >> 9/16/2015 - The African Development Bank (AfDB) Group Board approved on 16 September 2015 a US$ 121 million loan and grant to help Uganda’s government improve access to electricity for rural households, businesse...
Balance of Supply and Demand - September 2015
Austria >> 9/15/2015 - Demand for OPEC crude in 2015 was revised up by 0.1 mb/d from the previous report to stand at 29.3 mb/d, which is 0.4 mb/d higher than the 2014 level. In 2016, the demand for OPEC crude is projected...
Oil Market Highlights - September 2015
Austria >> 9/14/2015 - Crude Oil Price Movements
The OPEC Reference Basket fell below $50/b in August to average $45.46/b, mostly attributed to sell-offs amid enduring oversupply and Chinese economic turbulenc...
Trinity Agreed a Further Extension to the Moratorium on Principal Repayments
Trinidad and Tobago >> 9/14/2015 - 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 25th of September 2015. T...

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