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Lukoil to Finance Restoration of the Alexandrov Company
Russia >> 12/27/2016 - LUKOIL will provide financial support to restore the A.V. Alexandrov Song and Dance Company of the Russian Armed Forces. ...
Halliburton Reaches Settlement in Securities Class Action Lawsuit
United States >> 12/23/2016 - Halliburton has reached an agreement in principle to settle, without any admission of liability, the Erica P. John Fund class action lawsuit that has been pending in the United States District Court f...
Savanna Board Unanimously Recommends Rejection of Total Offer
Canada >> 12/23/2016 - The Board of Directors of Savanna Energy Services Corp. (Savanna), on the recommendation of the Special Committee, has unanimously determined that the offer from Total Energy Services Inc. (Total) to ...
Egypt Signs Second $1b Loan Tranche Agreement with World Bank
Egypt Signs Second $1b Loan Tranche Agreement with World Bank Egypt >> 12/22/2016 - Egypt's Minister of International Cooperation Sahar Nasr signed a second $1 billion tranche loan agreement with the director of the World Bank in Cairo. ...
Claren Energy Closes Final Tranche of Private Placement
Canada >> 12/22/2016 - Claren Energy Corp. (Claren) has closed the final tranche of its previously announced non-brokered private placement financing (see news release November 30, 2016) by issuing a total of 2,512,500 unit...
Scotland Prepares for Significant Decommissioning Opportunities
Scotland >> 12/21/2016 - A new decommissioning action plan launched by the Scottish Government’s economic development agencies aims to support Scotland’s oil and gas sector to take advantage of the estimated £17.6 billion for...
KMG EP Approves 2017 Budget & 2017-2021 Business Plan
Kazakhstan >> 12/21/2016 - JSC KazMunaiGas Exploration Production (KMG EP) announces that its Board of Directors (“the Board”) has approved the Company’s 2017 budget and 2017-2021 business plan. The budget for 2017 assumes a Br...
Faroe Petroleum Secures New Banking Facilities
United Kingdom >> 12/20/2016 - Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the signing of two banking facilities,...
Forecast for 2017 Balance of Supply and Demand - December 2016
Forecast for 2017 Balance of Supply and Demand - December 2016 Austria >> 12/20/2016 - For 2017, demand for OPEC crude was revised down by 0.1 mb/d from the previous MOMR and is projected to increase by 0.7 mb/d, to average 32.6 mb/d. Within the quarters, 2Q17 was revised down by 0.1 mb...
San Leon Issues Announcement Regarding Takeover Speculation
Ireland >> 12/19/2016 - The Board of San Leon notes the takeover speculation regarding San Leon in the weekend press.The Board of San Leon confirms that it has received an approach from a possible offeror, which may or may n...
Mongolia Pegs $1 Billion From India for Oil Refinery & Pipelines
Mongolia >> 12/19/2016 - Mongolia will seek approval from the Import-Export Bank of India to build an oil refinery and pipelines with $1 billion in infrastructure funding negotiated last year, a project that could boost the n...
Khartoum & Juba Discuss Oil Agreement, Joint Cooperation
South Sudan >> 12/19/2016 - South Sudanese Petroleum Minister Ezekiel Lol Gatkouth Sunday arrived in Khartoum for talks with his Sudanese counterpart on the oil transit fees, as result of the collapse of oil prices. ...
Petrobras & China Development Bank Signed Contract
Brazil >> 12/16/2016 - Petrobras signed a $ 5 billion ten-year financing agreement with the China Development Bank (CDB). The funding is the result of commitment agreement entered into between the parties, as announced on 2...
Yamal LNG Signed Loan Agreement with JBIC
Russia >> 12/16/2016 - Today, taking the opportunity of the meeting between the President of Russian Federation Vladimir Putin and the Prime Minister of Japan Shinzo Abe, OAO Yamal LNG (“Yamal LNG”) signed a credit line fac...
IFC Commits $517m to Support Ghana’s Sankofa Gas Project
Ghana >> 12/15/2016 - IFC and MIGA, members of the World Bank Group, today announced the commitment of $517 million in debt and guarantees to support Ghana’s Sankofa Gas Project, an integrated offshore oil and natural gas ...
Cooper Signs Fourth Gas Sales Agreement for Sole Gas Project
Australia >> 12/14/2016 - Cooper Energy announces the signing of a binding gas sales agreement with EnergyAustralia for the supply of 5 PJ per annum from the Sole gas field for a minimum of 5 years, with provision for a 3 year...
Savannah Petroleum Signs New Revolving Loan Facility
United Kingdom >> 12/14/2016 - Savannah Petroleum PLC (Savannah) is pleased to announce the signature of a new €11.4 million revolving loan facility (the Facility) with Oragroup SA, the West and Central Africa focused banking grou...
Balance of Supply and Demand - December 2016
Austria >> 12/14/2016 - Demand for OPEC crude in 2016 was unchanged from the previous month to stand at 31.9 mb/d, which is 1.9 mb/d higher than 2015. In 2017, the demand for OPEC crude is projected at 32.6 mb/d, around 0.1 ...
LGO Energy Announces Placing to Raise £1.18 Million
United Kingdom >> 12/13/2016 - LGO has raised £1.18 million, before expenses, by way of a placing of 984,600,000 new ordinary shares of 0.05p each (the Placing Shares) at a placing price of 0.12p per share (Placing Price) through a...
Gazprom Signs EUR 800 million Credit Facility Agreement
Russia >> 12/13/2016 - Gazprom, Japan's Mizuho Bank and Sumitomo Mitsui Banking Corp (SMBC), and U.S.-based J.P. Morgan have signed a four-year EUR 800 million Facility Agreement. It was noted that the signing of the Agreem...

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