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DNO Reports Payment for Tawke Deliveries
Iraq >> 11/2/2016 - DNO ASA, the Norwegian oil and gas operator, received USD 31.33 million from the Kurdistan Regional Government as payment towards August crude oil deliveries to the export market from the Tawke field....
Iraq Asks Oil Majors to Downsize Costly Dubai Offices
Iraq >> 11/1/2016 - Iraq has asked international oil companies (IOCs) to shut down prestige offices among the glittering towers of Dubai, through? which they used to run their oil operations in Iraq, as a way to rein in ...
Petrobras Likely to Get Credit for Oil
Brazil >> 11/1/2016 - The revision of a massive exploration contract between Brazil's government and Petrobras will be based on the price of oil at the end of 2014, likely leaving the state-run oil company with a credit, t...
Subscription to Raise £3m & Proposed Open Offer of up to £2.06m
United Kingdom >> 11/1/2016 - Egdon is pleased to announce the following developments:
...
No Partners for Ophir’s Floating LNG Project in EG
Equatorial Guinea >> 11/1/2016 - Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have halved to around $450 million, a se...
US Stock Movements - October 2016
US Stock Movements - October 2016 United States >> 11/1/2016 - Preliminary data for September shows that total commercial oil stocks in the US fell by 11.2 mb, reversing the build of the last two months, to settle at 1,379.7 mb, which is around 74 mb, or 5.6%, ab...
Africa Energy Announces C$15 Million Private Placement
South Africa >> 10/31/2016 - Africa Energy Corp. (Africa Energy) intends to raise CDN$15 million in new equity through a non-brokered private placement of new shares (the "Offering"). The private placement will be effected on a r...
New Mining Law to Speed up Processing of Licences
Oman >> 10/30/2016 - The new mining law, which will be announced soon, is expected to speed up processing of mining licences and bring more clarity to help mining firms to avoid project delays, according to a top-level of...
Egypt Moves Closer to IMF Loan With China Currency Swap Deal
Egypt Moves Closer to IMF Loan With China Currency Swap Deal Egypt >> 10/30/2016 - Egypt has reached a currency swap agreement with China valued at $2.7 billion, moving closer to meet the terms required to clinch a $12 billion loan accord with the International Monetary Fund. ...
Aramco Confirms it Unveiled a Corruption Case Associated with Embraer
Saudi Arabia >> 10/28/2016 - Saudi Aramco confirmed, as a follow-up to recently published reports by the media about a corruption case involving Embraer S.A., a Brazilian company, that its internal auditing activities that took p...
Chevron Reports Third Quarter Net Income of $1.3 Billion
United States >> 10/28/2016 - Chevron Corporation reported earnings of $1.3 billion ($0.68 per share – diluted) for third quarter 2016, compared with earnings of $2.0 billion ($1.09 per share – diluted) in the third quarter of 201...
ENAP Assets Continued to Improve & Increased to $769M
Chile >> 10/28/2016 - ENAP net income of US $ 105 million for the third quarter of 2016, EBITDA of US $ 531 million and increased its assets to US $ 769 million. This, thanks to greater efficiency and better management in ...
Tullow Oil Announces RBL Redetermination & Financing Update
Ghana >> 10/28/2016 - Tullow Oil plc (Tullow) is pleased to announce the successful completion of the six-monthly redetermination of its Reserve Based Lend (RBL) facility. The debt capacity generated by the asset base rema...
Nigeria Launches $10 Billion Infrastructure Programme
Nigeria >> 10/27/2016 - Nigeria launched a $10 billion infrastructure programme in its restive Delta region as part of a plan to end an insurgency that has hobbled oil production. President Muhammadu Buhari will meet represe...
Gulf Keystone Receives Payment for Shaikan Crude
Iraq >> 10/26/2016 - Gulf Keystone confirms that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in August 2016. ...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 10/26/2016 - Genel Energy plc is pleased to announce that the Taq Taq field partners have received a gross payment of $22.18 million from the Kurdistan Regional Government ('KRG') for oil sales during August 2016....
Nigeria's State Oil Firm Plans No Pump Price Increase
Nigeria >> 10/25/2016 - Nigeria will not increase pump prices for motorists, the state oil firm NNPC said. NNPC asked "Nigerians not to engage in panic buying as there is no cause for alarm in respect of pump price increase ...
88 Energy Announces Placement to Raise A$11 Million
United States >> 10/25/2016 - 88 Energy Limited (88 Energy) has reached agreement (subject to settlement) regarding a placement to raise gross proceeds of A$11m (before fees and expenses) to two US-based institutional investors (t...
IFC Backs Sierra Leone Power Plant
Sierra Leone >> 10/24/2016 - IFC, a member of the World Bank Group, announced a commitment of $27 million in senior debt to support the Western Area Power Generation Project in Sierra Leone—the first of its kind in the country. T...
Oil Prices Drop as Iraq Says doesn't Want to Join OPEC Cut
Iraq >> 10/23/2016 - Oil prices fell as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work. Brent crude futures LCOc1 were ...

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