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New USA $6 Million Loan Financing
Ireland >> 1/16/2015 - Tethys Petroleum Limited is pleased to announce that it has signed an agreement for a US$6 million loan facility.Key terms. ...
Harvest Takes Case Against Venezuela
Venezuela >> 1/16/2015 - Harvest Natural Resources, Inc. announced that its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), have submitted a Request for Arbitration against the Government of the...
Oil Market Highlights - January 15
Austria >> 1/15/2015 -  Crude Oil Price Movements
The OPEC Reference Basket averaged $59.46/b in December, following a decline of $16.11 or 21%. In annual terms, the Basket averaged $96.29/b in 2014, represe...
Balance of Supply and Demand
Austria >> 1/15/2015 - Demand for OPEC crude in 2014 was revised down by 0.2 mb/d from the previous report to stand at 29.1 mb/d, which is 1.2 mb/d lower than the 2013 level. In 2015, demand for OPEC crude was also revised ...
LGO Raises £1.575m for Goudron Investment
Trinidad and Tobago >> 1/15/2015 - LGO has raised £1.575 million before expenses, by way of a Company arranged placing of 52.5 million new ordinary shares ("the Placing Shares") at a placing price of 3 p per share. ...
Brazilian Police Arrested Cervero in Brazil Scandal
Brazil >> 1/14/2015 - Brazilian police early on Wednesday arrested another former executive at state-run oil company Petroleo Brasileiro SA after prosecutors accused him of continued involvement in corruption and money lau...
Price War Has No Winner
Iran >> 1/9/2015 - OPEC members are not the only countries that the falling oil prices will inflict damage on their economies but the U.S and European countries are expected to have hard days ahead as well. ...
Petrobras Completes Negotiations with Creditors
Brazil >> 1/6/2015 - Petrobras has successfully completed negotiations with creditors who had demanded the third quarter 2014 (3Q14) financial statement reviewed by the External Auditor by the end of January 2015. ...
Willbros Completes Payoff of the Wapco Settlement Agreement
Nigeria >> 1/6/2015 - Willbros Group, Inc. announced that it made a payment of $32.75 million to West African Gas Pipeline Company Limited (WAPCO) on December 30, 2014. The Company has now paid in full all sums due under t...
Instability Originates from Dependency on Oil Revenue
Iran >> 1/5/2015 - Iranís economy has remained unstable mainly due to its dependency on oil revenues, so the country should find a way to ride out the volatility, former Minister of Economic Affairs and Finance and the ...
Dana Gas Receives $60m from Egypt
Egypt >> 1/4/2015 - Dana Gas announced that it has received from the Egyptian Government a payment of US$ 60 million (AED 220 million). This represents 28% of the total overdue receivables of US$ 212 million (AED 778 mil...
Afren Settles of Claims against Former CEO and COO
United Kingdom >> 12/31/2014 - Afren plc (Afren) announces that it has successfully secured, from its former CEO, Osman Shahenshah, and former COO, Shahid Ullah, a cash payment of US$17.1mn in relation to payments made to them that...
Namibia Cost Dispute Resolved
Namibia >> 12/19/2014 - Tower Resources plc has reached agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited, relating to the disputed costs associated with the drilling of the Welwitschia prospect, offsho...
Nord Stream Wins Platts Global Energy Award for Midstream Industry Leadership
Switzerland >> 12/12/2014 - Nord Stream AG was honoured with the 2014 Platts Global Energy Award in the Midstream Industry Leadership category last night. The Platts Energy Awards recognise companies in the energy industry that ...
Cheniere Engages to Arrange the Debt Financing for the Corpus Christi Liquefaction Project
United States >> 12/12/2014 - Cheniere Energy, Inc. has engaged 18 financial institutions to act as Joint Lead Arrangers ("Arrangers") to assist in the structuring and arranging of up to $11.5 billion of debt facilities. The proc...
Balance of Supply and Demand - December 14
Austria >> 12/11/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report to stand at 29.4 mb/d, which is 1.0 mb/d lower than the 2013 level. In 2015, demand for OPEC crude was revised dow...
Forecast for 2015 Balance of Demand
Austria >> 12/11/2014 - Demand for OPEC crude in 2015 was also revised down by 0.3 mb/d to stand at 28.9 mb/d, which is 0.4 mb/d less than the estimated level for 2014. All the quarters were revised down. This downward revis...
Oil Market Highlights - December 14
Austria >> 12/11/2014 - Crude Oil Price Movements
The OPEC Reference Basket finished down $9.49 at $75.57/b in November, a mid increasing supplies and sluggish global growth. ICE Brent fell $8.42 to $79.63/b, ...
SOCARís Payments for November 2014
Azerbaijan >> 12/9/2014 - SOCAR paid AZN 142 million 373 thousand to the State Budget for November of the current year. ...
Sberbank CIB Opens Rub 42b Credit Line for SIBUR
Russia >> 12/9/2014 - SIBUR and Sberbank CIB have signed a five-year non-revolving credit facility agreement for RUB 42 bn. The funds are to be used for general corporate purposes. ...

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