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Chevron Reached Settlement Agreement with Woodsford Litigation
Ecuador >> 5/4/2015 - Chevron Corporation has reached a settlement agreement with Woodsford Litigation Funding Limited, a U.K.-based litigation funder that provided $2.5 million in funding to the fraudulent lawsuit against...
Sanctions Reduced Reliance on Oil Dollars
Iran >> 5/3/2015 - The Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has said without the sanctions the country would have developed more rapidly in certain areas, however “this was also probable that w...
Convertible Loan Facility Agreed with InfraStrata
Ireland >> 5/1/2015 - The Board of Baron Oil plc, the independent oil and gas exploration and production company, is pleased to announce that it has signed a Convertible Loan Agreement with InfraStrata plc with respect to ...
Freeport LNG Closes Financing & Commences Construction of 3rd LNG
United States >> 4/28/2015 - Freeport LNG Expansion, L.P. announced that its subsidiary, FLNG Liquefaction 3, LLC (FLIQ3), successfully closed on senior and mezzanine debt financing commitments of approximately $4.56 billion in c...
$7 billion of Iran Oil Money Not Paid
Iran >> 4/25/2015 - Sanctions have left $7 billion of Iran’s money from crude oil sales stranded abroad, Minister of Economic Affairs and Finance Ali Tayyebnia said. ...
Sino G&E Raises $62M in Share Placement, to Fund China Gas Assets
China >> 4/23/2015 - Sino Gas & Energy Holdings Limited (Sino Gas or the Company) announced the completion of a capital raising with commitments received for a placement of 500 million shares at $0.1242 (AUD 0.16) per sha...
Petrobras Presented R$21.6 billion Loss in 2014
Brazil >> 4/22/2015 - We presented a loss of R$21.6 billion in 2014, mainly due to an asset impairment charge of R$44.6 billion and a R$6.2 billion write-down arising from improper payments identified within the scope of t...
Chevron's Kazakh JV Slows Expansion Plans Due to Weak Oil Price
Kazakhstan >> 4/22/2015 - Kazakhstan's leading oil producer has slowed its expansion plans further and cut planned spending this year in response to lower oil prices, a senior executive at Chevron's joint venture Tengizchevroi...
Gazprom Saves RUB 7 billion on Lower Gas, Heat & Power Consumption
Russia >> 4/20/2015 - A meeting of the Gazprom Coordinating Committee for Environmental Protection and Energy Efficiency took place at the Gazprom headquarters under the chairmanship of Vitaly Markelov, Deputy Chairman of ...
SOCAR President Meets with Georgian Prime Minister
Azerbaijan >> 4/17/2015 - SOCAR President Rovnag Abdullayev met with the Prime Minister of Georgia Irakli Garibashvili within his visit to Georgia. The parties discussed bilateral economic relations, strategic issues of the re...
Loan Contracts and Divestment Plan
Brazil >> 4/17/2015 - Petrobras announces that concluded negotiations on the following loan contracts:

· R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year perio...
Oil Market Highlights in April 2015
Austria >> 4/16/2015 -  Crude Oil Price Movements
The OPEC Reference Basket retreated in March by $1.60 to $52.46/b as the market refocused on the oversupply situation as demand remained subdued. ICE Brent a...
Balance of Supply and Demand
Austria >> 4/16/2015 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report to stand at 29.0 mb/d, which is 1.4 mb/d lower than the 2013 level. In 2015, demand for OPEC crude was revised up b...
OGPAR and OGX Enter into a Standstill Support Agreement
Brazil >> 4/10/2015 - OGPar, OGX have entered into Standstill and Settlement Support Agreement, Assumption of Affirmative and Negative Covenants and Other Arrangements with certain consenting creditors who , directly or t...
ENOC Marketing $1.5 Bln Long-Term Underwritten Loan
United Arab Emirates >> 4/9/2015 - A $1.5 billion nine-year loan for Dubai's Emirates National Oil Company (ENOC) is being marketed to banks after receiving commitments from seven lenders to fully back the financing, three sources awar...
Roxi’s CEO Acquired 39,242,317 Shares
Kazakhstan >> 4/1/2015 - In January 2014, Roxi agreed a $40 million equity facility with Kairat Satylganov with the shares to be issued at an agreed price of 7.41p per share. To date some $29.2 million has been called under t...
Kosmos Energy Announces Redetermination of Borrowing Base
Ghana >> 3/31/2015 - Kosmos Energy Ltd. (Kosmos) announced that the borrowing base under its reserves-based lending facility has remained unchanged at $1.5 billion following its lenders’ semi-annual redetermination proces...
Saudi Aramco Signs $10 Billion Loan
Saudi Arabia >> 3/30/2015 - As part of the Company’s strategy of maintaining financial flexibility, Saudi Aramco has signed a new standby revolving credit facilities agreement. The USD 10 billion standby revolving credit facilit...
SOCAR Placed 15-Year Eurobonds with Volume of USD 750 million
Azerbaijan >> 3/29/2015 - The State Oil Company of Azerbaijan Republic (SOCAR) for the first time after two years has issued 15-year Eurobonds in the amount of USD 750 million in the European financial market. Taking into acco...
Rosneft & the Federal Anti-Monopoly Service Agreed on Price Formation Principles
Russia >> 3/27/2015 - Rosneft and the Federal Anti-Monopoly Service of Russia have agreed the Standard regulating price formation principles and procedures for motor fuel sales on the local market of the Russian Federation...

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