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Financials and Investment News

Hoegh LNG Prices Upsized Public Offering of 6,000,000 Common Units
United States >> 12/1/2016 - Hoegh LNG Partners LP (HMLP) has priced a public offering of 6,000,000 common units, representing limited partner interests in the Partnership, at a public offering price of $17.60 per unit. The offer...
KRG Signs Oil Audit Agreement with Ernst & Young
Iraq >> 11/30/2016 - The Kurdistan Regional Government signed an agreement with the multinational professional services firm, Ernst and Young, to audit oil and gas processes in the Kurdistan Region. ...
OPEC Agrees First Output Cut Since 2008, Details Unclear
Austria >> 11/30/2016 - OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept "a big hit" on production and agree to arch-rival Iran freezing ...
Claren Energy Announces Proposed Private Placement
United States >> 11/30/2016 - Claren Energy Corp. (Claren) proposes to complete a non-brokered private placement financing of 25,000,000 units (each a "Unit") at a price of $0.08 per Unit for gross proceeds of $2,000,000 (the "Off...
Mexico To Benefit From Oil Output Cut
Mexico >> 11/30/2016 - Mexican Finance Minister Jose Antonio Meade said that any crude production cut by OPEC would be positive for Mexico's finances and the health of state oil company Pemex after an agreement by producers...
Lukoil President Meets with Iraqi Minister of Oil
Iraq >> 11/30/2016 - Minister of Oil of Iraq Jabbar Ali Hussain Allibi and President of LUKOIL Vagit Alekperov have had a meeting as part of the OPEC summit. ...
Hyperdynamics to Increase Number of Shares
United States >> 11/29/2016 - Hyperdynamics Corporation announced that at the Special Meeting of Stockholders held today, stockholders approved an increase in the number of authorized shares of HDYN common stock from 43,750,000 to...
Shell Studies Green Energy Deals to Prepare for Future after Oil
Netherlands Antilles >> 11/29/2016 - Royal Dutch Shell, the world's second-biggest publicly listed oil company, is studying acquisitions in the green energy sector, its CEO told Reuters, as it bows to shareholder demands for a strategy b...
North West Shelf Gas JV Underpaying Royalties
Australia >> 11/28/2016 - The North West Shelf joint venture, Australia's biggest oil and gas operation, cut royalties it owed by claiming more than A$5 billion ($3.7 billion) in deductions, some of which weren't valid, over t...
Petrobras to Reduce Its Indebtedness
Brazil >> 11/28/2016 - Petroleo Brasileiro S.A. - Petrobras, further to the Material Fact disclosed on November 22, 2016, informs that the amount of US$ 1.25 billion received upon the closing of the sale of the stake in the...
Israeli Leviathan Partners Get up to $1.75b HSBC, JPMorgan Financing
Israel >> 11/27/2016 - The main Israeli partners developing the large Leviathan natural gas site said they signed commitment letters with HSBC and J.P. Morgan for up to $1.75 billion of financing. ...
NOVATEK Negotiating Over 1 billion Euros in Yamal LNG Financing
Russia >> 11/26/2016 - Russian gas producer NOVATEK is negotiating borrowing more than 1 billion euros ($1.06 billion) for its Yamal project from European and Japanese lenders, NOVATEK's chief executive said in an interview...
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...

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