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Singapore Readies Up To $1.1B In Loans For Oil, Gas-Linked Firms
Singapore >> 11/25/2016 - Singapore plans to offer financial assistance to its liquidity-hit marine and offshore engineering companies that could help them raise as much as S$1.6 billion ($1.1 billion) in loans. ...
Rosneft Approves $17 Billion Domestic Bond Programme
Russia >> 11/24/2016 - Russia's largest oil producer Rosneft is to return to the country's domestic bond market after a two-year absence with a programme worth 1.071 trillion roubles ($16.6 billion), the company said. ...
Petsec Energy Announces Rights Issue to Raise US$11 million
Yemen >> 11/24/2016 - Petsec Energy will undertake a non-renounceable entitlement offer or 'rights issue' to raise approx. $11 million. The offer is fully underwritten by Paradigm Securities, trading as Martin Place Securi...
Sonangol Delays Payments as it Battles to Reform
Angola >> 11/23/2016 - Angola's state oil company Sonangol has amassed hundreds of millions of dollars in debts and deferred payments to oil majors and contractors while its new chief, Isabel dos Santos, attempts to reform ...
Petrel Energy Secures Funding for Drilling 4 wells
Uruguay >> 11/22/2016 - The Directors of Petrel Energy Limited (PRL) are pleased to announce that the Schuepbach Energy International LLC (SEI) funding arrangements have been finalised with Petrel agreeing to fund its 51% in...
Nigeria's Economic Slump Deepens as Oil Output Continues to Drop
Nigeria >> 11/21/2016 - Nigeria’s economic slump deepened in the third quarter as oil production continued to fall and factory output was hit by a shortage of dollars. Gross domestic product in Africa’s most populous country...
China Stock Movements - November 2016
China Stock Movements - November 2016 China >> 11/20/2016 - The latest information for China showed a drop of 3.3 mb in total commercial oil inventories in September to stand at 372.6 mb, which is 29.2 mb lower than the previous year at the same time. Within t...
ION Announces Order in WesternGeco Patent Infringement Lawsuit
United States >> 11/18/2016 - ION Geophysical Corporation announced that on November 14, 2016, the trial court issued an order in the previously-reported lawsuit of WesternGeco L.L.C. v. ION Geophysical Corporation that reduced th...
Nigeria Reaches Deal to Pay $5.1b in Unpaid Bills to Oil Majors
Nigeria >> 11/17/2016 - Nigeria has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said. The Nigerian National Petroleum Corporatio...
SOCAR Budgetary Transfers for October 2016
Azerbaijan >> 11/16/2016 - SOCAR transferred AZN 125,345,000 to the state budget in October 2016. In general, overall budgetary transfers of the company totaled AZN 1,150,172,000 in January-October 2016. Moreover, SOCAR transfe...
Lukoil Raises $ 500m for Gissar Project in Uzbekistan
Uzbekistan >> 11/15/2016 - LUKOIL has raised USD 500 million in a 5-year unsecured loan at 3 month LIBOR+3.0% to finance the development of the Gissar group’s gas condensate fields in Uzbekistan. Soyuzneftegaz Vostok Limited, a...
Weatherford Announces Private Offering of $500 Million
United States >> 11/15/2016 - Weatherford International plc (Weatherford) announced the launch of a private offering (the "Offering") of $500 million aggregate principal amount of senior notes due 2024 (the "Notes") to qualified i...
North Sea Decommissioning to Grow Steadily in UK and Norway
United Kingdom >> 11/15/2016 - A new report forecasts a gradual but steady rise in offshore oil and gas decommissioning in the UK and Norway over the next ten years, with activity growing from a market worth over £2 billion in 2015...
Exxon in Negotiations with Chad over Record $74b Fine
Chad >> 11/15/2016 - Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tues...
Rosneft Has Cash for Deals Despite Profit Fall
Russia >> 11/13/2016 - Russia's top oil producer Rosneft reported strong cashflow on Friday, strengthening its position for a continuing acquisition drive despite a worse than expected 77 percent decline in third-quarter ne...
Balance of Supply and Demand - November 2016
Austria >> 11/11/2016 - Demand for OPEC crude in 2016 was revised up by 0.1 mb/d to stand at 31.9 mb/d, which is 1.9 mb/d higher than the 2015 level. In 2017, demand for OPEC crude is projected to be 32.7 mb/d, around 0.1 mb...
IMF Approves Biggest-Ever Mideast Loan to Revive Egypt’s Economy
IMF Approves Biggest-Ever Mideast Loan to Revive Egypt’s Economy Egypt >> 11/11/2016 - The International Monetary Fund approved a $12 billion loan program for Egypt to restore investor confidence and help revive an economy battered by years of political turmoil. ...
ADX Energy Announces Placements to Raise $802,000
Australia >> 11/9/2016 - ADX Energy Ltd is pleased to announce the completion of a two tranche placement to raise $802,000. Investors participating in the first tranche (Tranche 1) will participate proportionately in the seco...
San Leon Energy Announces Settlement with Avobone
Ireland >> 11/8/2016 - On 7 November 2016, Avobone N.V. and Avobone Poland B.V. (Avobone) (together, “Avobone”) and San Leon Energy Plc (San Leon) settled a number of ongoing disputes between them and between Avobone and ce...
OPEC & Non-OPEC Producers Agreement to Control Oil Market
OPEC & Non-OPEC Producers Agreement to Control Oil Market Venezuela >> 11/8/2016 - The Bolivarian Republic of Venezuela is committed to OPEC’s principles and fundamental objectives and continues to endeavor to achieve a much needed agreement among producers to restore the equilibriu...

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