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Financials and Investment News

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...
Roxi & CL Agreement for Cancellation of Royalty
Kazakhstan >> 7/24/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce it has entered into an agreement with Canamens Limited ("CL") and Sector Spesit IV, a sub-fund of Sector ...
Air Products Receives Government Grant to Enhance the User Experience at Hydrogen Fuelling Stations
United States >> 7/21/2015 - Air Products is pleased to announce that two of its projects have successfully been awarded funding from the Hydrogen Refuelling Stations (HRS) Infrastructure Grants Scheme, run by the Office for Low ...
Seven Energy Secures $495m to Boost Gas Supply
Nigeria >> 7/15/2015 - Oil and gas firm Seven Energy has secured a $495 million loan from a consortium of Nigerian and international lenders to help fund its spending to supply gas to the domestic market, an adviser on the ...
Oil Market Highlights - July 2015
Austria >> 7/14/2015 - Crude Oil Price Movements
The OPEC Reference Basket averaged $60.21/b in June, representing a decline of $1.95.Crude oil futures prices saw mixed movement with ICE Brent falling by $1.86 ...
Balance of Supply and Demand - July 15
Austria >> 7/14/2015 - Demand for OPEC crude in 2015 was revised down by 0.1 mb/d from the previous report to stand at 29.2 mb/d, which is 0.2 mb/d higher than the 2014 level. In 2016, the demand for OPEC crude is project...
Argentina Ends some Financial Incentives for Energy Firms
Argentina >> 7/13/2015 - Argentina ended some financial incentives that were intended to boost energy investment in its huge shale oil and gas deposits even as it seeks to narrow an energy trade gap. ...
RigNet Announces Cost Restructuring Plan
United States >> 7/13/2015 - RigNet, Inc., a leading global provider of digital technology solutions to the oil and gas industry, announced a cost restructuring plan that reduces costs in line with activity levels in the upstream...
Pocess, Procedure & Work Instructions for Preventive Maintenance
United States >> 7/11/2015 - In the largest corporate settlement in U.S. history, British Petroleum has agreed to pay up to $18.7 billion to the federal government and five states. When added to the $43.8 billion BP had already s...
SOCAR’s Budget Payments for June 2015
Azerbaijan >> 7/8/2015 - SOCAR paid AZN 123 million 688 thousand to the State Budget for June of the current year. For January-June 2015, SOCAR transferred AZN 728 million 730 thousand to the State Budget. Besides, the Compan...
Max Petroleum Financial & Operational Update in Kazakhstan
Kazakhstan >> 7/3/2015 - Max Petroleum announces that Sberbank has unconditionally granted a six month standstill on all principal and interest payments due under the Company’s c.US$80 million loan through to 14 December 2015...
Otto Marine Limited Secures USD26 Million Loan
United States >> 7/3/2015 - Otto Marine Limited wishes to announce that Surf Subsea Inc. (the Borrower), a Delaware corporation in, which the Company indirectly has a 19.2% stake through its wholly-owned subsidiary, Surf Subsea ...

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