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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...
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. ...
SOCAR’s 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. ...
Iran-Venezuela Oil Ministers Meet
Iran >> 12/8/2014 - Iran’s Petroleum Minister Bijan Namdar Zanganeh met with Venezuela’s Oil Minister Asdrubal Chavez in Tehran to discuss expansion of economic and financial ties. ...
Gov’t to Set Budget on $70 Oil
Iran >> 12/5/2014 - The Iranian government is to draft its annual budget bill for next fiscal year (starting in March) based on $70 oil price, the head of Tehran Chamber of Commerce said. ...
Eland Access to $22m Loan Facility
Nigeria >> 12/5/2014 - Eland, an oil & gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, is pleased to announce that it has satisfied all the conditions preceden...
Touchstone Enters into Credit Facility
Trinidad and Tobago >> 12/4/2014 - Touchstone Exploration Inc. announces that two of its indirect wholly-owned Trinidad subsidiaries, Touchstone Exploration (Trinidad) Ltd. and Primera Oil and Gas Limited (the “Borrowers”), have entere...
Petrobras CFO Fined for Stifling Shareholders
Brazil >> 12/3/2014 - The chief financial officer of Brazil's Petroleo Brasileiro SA has agreed to a fine for stifling the influence of minority shareholders, the country's securities regulator said, as corruption allegati...
CGX Settle the Claims Brought Against Repsol
Guyana >> 12/1/2014 - CGX Energy Inc. announced the settlement of the claims brought against Repsol Exploracion, S.A. relating to the joint operating agreement governing the Georgetown Block (the "Georgetown JOA"), offshor...
BG Group Revises Chief Executive Remuneration Package
United Kingdom >> 12/1/2014 - Following extensive shareholder consultation, the BG Group Board and Helge Lund wish to respond to BG Group shareholder concerns. The Company announces revisions to the remuneration package for its ne...
KNPC to Invest $40 Bln to 2022
Kuwait >> 11/24/2014 - Kuwait National Petroleum Co ( KNPC ) plans to spend $40 billion in the period to 2022 on projects including a new refinery and a clean fuels project, its chief executive said. ...
Petrobras Received a Subpoena from SEC
Brazil >> 11/24/2014 - Petrobras received a subpoena from the U.S. Securities and Exchange Commission (“SEC”) requesting certain documents relating to the SEC’s investigation of the Company. ...
CYGAM Receives Tax Assessments from the Tunisian Authorities
Tunisia >> 11/24/2014 - CYGAM Energy Inc through its wholly owned subsidiary, Rigo Oil Company Limited, which operates in Tunisia, has received tax assessments from the Tunisian tax authorities relating to taxation years 201...
Oil, Global Equities Support Markets
Egypt >> 11/23/2014 - A slight rebound in oil prices and a rally in global equities supported most stock markets in the Middle East on Sunday, but profit-taking continued in Qatar. ...
Global LNG-Prices Slide as Australia, Nigeria Offer Fresh Supply
Nigeria >> 11/21/2014 - Asian spot liquefied natural gas (LNG) prices extended losses this week as demand in December and January flat-lined, which is likely to have reduced interest for two sell tenders by Australia and Nig...
Kayan Signs Two Financing Deals Totalling $700m
Saudi Arabia >> 11/20/2014 - Saudi Kayan Petrochemical Company (Saudi Kayan) announces the signing of an Islamic Murabaha facility agreement with the National Commercial Bank and Samba Financial Group on November 19. Guaranteed a...
KUFPEC Secures $1 Billion
Kuwait >> 11/19/2014 - KUFPEC ,a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), signed a new $1 billion (c. KD288 Million) five-year term loan facility. The Bank of Tokyo-Mitsubishi UFJ, Ltd., HSBC Bank Mid...
PF Informs an Error to Director Jose Carlos Cosenza
Brazil >> 11/19/2014 - Petrobras has learned that the officer Marcio Adriano Anselmo, the Regional Superintendent of the Parana Federal Police Department, sent an official letter to the judge Sergio Moro, the 13th Criminal ...
Primeline Signs Project Finance Contract
China >> 11/18/2014 - Primeline Energy Holdings Inc. announces that the binding documentation for the project finance facility for the financing of its share of the costs to complete the LS36-1 gas field development ("Deve...

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