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Iran Reports Surprise Rise in Oil Output
Iran >> 8/23/2015 - Iran has reported a surprise surge in its oil output capacity after a multiple year plunge that was prompted as a result of sanctions against investments in its key energy industries. ...
Brazil's Petrobras Agrees to Refinance 6 bln Reais Tax Bill
Brazil >> 8/14/2015 - State-controlled Petroleo Brasileiro SA agreed to refinance an outstanding 6 billion reais ($1.7 billion) tax debt with the Brazilian government, allowing the debt-laden oil producer to restructure an...
PGNiG Upstream International Secures Financing
Norway >> 8/13/2015 - PGNiG Upstream International AS, a subsidiary of PGNiG SA, executed a USD 400m credit facility agreement with eight banks (Societe Generale, BNP Paribas, ING, HSBC, Citibank, CACIB, SEB and Natixis). ...
Hercules Files for Court Approval of Prepackaged Reorganization Plan
United States >> 8/13/2015 - Hercules Offshore, Inc that it has filed a pre-packaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code to continue its financial restructuring of the Company. The Company anticip...
JOGMEC Provides Equity Financing to Idemitsu & Sumitomo’s Project
Vietnam >> 8/12/2015 - JOGMEC will provide equity financing to Special Purpose Companies, will be established by Idemitsu Kosan Co., Ltd. (“Idemitsu”) and Sumitomo Corporation (“Sumitomo”) respectively, which acquired parti...
IOG Capital Announces $185m in Development Commitments in Key Resource Plays
United States >> 8/12/2015 - IOG Capital, L.P. has closed three separate development capital commitments that total $185 million in the last 60 days. ...
SOCAR’s Budget Payments for July 2015
Azerbaijan >> 8/12/2015 - SOCAR paid AZN 145 million 525 thousand to the State Budget for July of the current year. For January-July 2015, SOCAR transferred AZN 874 million 255 thousand to the State Budget. Besides, the Compan...
Balance of Supply and Demand – August 2015
Austria >> 8/12/2015 - Demand for OPEC crude in 2015 was unchanged at 29.2 mb/d, which is 0.2 mb/d higher than the 2014 level. In 2016, demand for OPEC crude is projected at 30.1 mb/d, 0.9 mb/d higher than this year.
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Oil Market Highlights - Augst 2015
Austria >> 8/11/2015 - Crude Oil Price Movements
The OPEC Reference Basket averaged $54.19/b in July, representing a decline of more than 10% from the previous month. Crude oil futures were also driven lower ...
Lukoil Obtains Long-Term Financing for Shah Deniz Project Stage 2
Lukoil Obtains Long-Term Financing for Shah Deniz Project Stage 2 Azerbaijan >> 8/7/2015 - Under the second stage of the Production Sharing Agreement of the Shah Deniz Project in Azerbaijan, LUKOIL Overseas Shah Deniz Ltd. (a fully-owned PJSC LUKOIL subsidiary) has signed in Baku a 12 year ...
PEMEX Dismisses Official Involved in Million-Dollar Contract Conflict of Interest
Mexico >> 8/6/2015 - An investigation carried out by the Unit of Responsibilities of Petroleos Mexicanos’ Internal Control Unit, led to the identification and acknowledgement of the participation in unlawful acts of Pemex...
Trinity Agreed a Further Extension to the Moratorium on Principal Repayments
Trinidad and Tobago >> 8/3/2015 - 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 21st of August 2015. The ...
Singapore and ARA Stock Movements - July 2015
Singapore and ARA Stock Movements - July 2015 Singapore >> 8/1/2015 - At the end of May, product stocks in Singapore rose by 3.0 mb for the second consecutive month to stand at 47.8 mb, which was 1.1 mb or 2.3% above the same period a year ago. Within products, light di...
Gulfsands Petroleum Provides Funding Update
United Kingdom >> 7/31/2015 - Gulfsands Petroleum Plc, the AIM listed oil and gas company with activities in Syria, Morocco, Tunisia and Colombia, provides the following update with regard to its proposed financing. ...
Financing Update and Assignment of Arawak Loan Facility
United Kingdom >> 7/30/2015 - 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 ...
China Stock Movements - July 2015
China Stock Movements - July 2015 China >> 7/30/2015 - The latest information for China showed an increase in total commercial oil inventories of 2.0 mb in May to stand at 411.4 mb, which is around 10.8 mb above the previous year at the same time. Within ...
Gazprom Earmarks Record-Breaking RUB 10.8 billion to R&D
Russia >> 7/28/2015 - The Gazprom Board of Directors approved the report on the progress in 2014 with Gazprom’s Innovative Development Program until 2020. ...
SBM Offshore Completes $1.55 Billion FPSO Financing Deal
SBM Offshore Completes $1.55 Billion FPSO Financing Deal Netherlands/Holland >> 7/27/2015 - SBM Offshore completed the project financing of FPSO Cidade de Saquarema for a total of US$1.55 billion, which is the largest project financing in the Company’s history. Project financing was secured ...
Forecast for 2015 Balance of Supply and Demand - July 15
Forecast for 2015 Balance of Supply and Demand - July 15 Austria >> 7/26/2015 - Demand for OPEC crude for 2015 was revised down by 0.1 mb/d from the previous report. Within the year’s quarters, the 1Q was revised down by 0.1 mb/d, while the 2Q remained unchanged. The 3Q and 4Q we...
Forecast for 2016 Balance of Supply & Demand - July 2015
Forecast for 2016 Balance of Supply & Demand - July 2015 Austria >> 7/25/2015 - Based on the first forecast for demand and non-OPEC supply (including OPEC NGLs and non-conventional oil) for the year 2016, the demand for OPEC for next year is projected to increase by 0.9 mb/d to a...

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