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Financials and Investment News

Encana Completes US$1 Billion Offering of Common Shares
Canada >> 9/23/2016 - Encana Corporation (Encana) announced the completion of its public offering (Offering) of 107,000,000 common shares (Shares) of Encana at a price of US$9.35 per Share, for gross proceeds to Encana of ...
Unite Members Vote to Accept Wood Group Proposal
United Kingdom >> 9/22/2016 - Members of Scotland’s biggest offshore union have voted to end an industrial dispute that led to the first North Sea strike in a generation. In July, members of the Unite union working on Shell platfo...
Clontarf Energy Announces Placing to Raise £250,000
Ireland >> 9/22/2016 - The Directors of Clontarf are pleased to announce that, in response to exceptional institutional demand, the Company has raised £250,000 (before expenses) via the placing of 47,619,048 ordinary shares...
Indonesia Ends Oil Exploration Taxes in Bid to Revive Investment
Indonesia >> 9/22/2016 - Indonesia will eliminate taxes on oil and gas exploration this week in an effort to bolster investment in the country's flagging oil and gas sector. ...
Nigeria Owed $12.7 Bln in Undeclared Oil Exports
Nigeria >> 9/21/2016 - Nigeria has said it is owed a total of $12.7 billion by more than a dozen companies for allegedly not declaring exports of crude oil to the United States between 2011 and 2014, according to court docu...
Clontarf Energy Announces Placing to Raise £400,000
Ireland >> 9/20/2016 - The Directors of Clontarf has raised £400,000 (before expenses) via the placing of 80,000,000 ordinary shares (the "Placing Shares") with new and existing investors at a price of 0.5p per Placing Shar...
Strategic Plan and Business and Management Plan 2017-2021
Brazil >> 9/20/2016 - Petrobras announces that its Board of Directors approved, at a meeting held yesterday, the new Strategic Plan and the Business and Management Plan 2017-2021. ...
Aegean Renews its $1 Billion Secured Global Borrowing Base
United States >> 9/20/2016 - Aegean Marine Petroleum Network Inc. (Aegean) has successfully renewed its $1 Billion Secured Global Borrowing Base Multicurrency Revolving Credit Facility (the "Global Borrowing Base"). The vast majo...
Funding Nigerian Oil Cash Calls from Debt Key for Economy
Nigeria >> 9/16/2016 - Nigeria must get out of paying so-called cash calls to joint ventures with oil and gas companies to stand a chance of pulling its ailing economy out of recession, Finance Minister Kemi Adeosun said. T...
Solo Raises £2m via Placement to Fund Tanzania Operations
Tanzania >> 9/16/2016 - Solo Oil plc has raised £2,000,000 gross proceeds through the issue of 1,111,111,111 new ordinary shares of 0.01 pence each in the Company (Placing Shares) at a price of 0.18 pence per share (the "Pla...
PDVSA Announces Swap Offer for 2017 Bonds
Venezuela >> 9/16/2016 - Petroleos de Venezuela, S.A. (PDVSA) announces that as of September 16th is offering a voluntary swap of PDVSA bonds in circulation maturing April 2017 with a coupon of 5.25%, and maturing November 2...
Touchstone Provides Credit Facility Update
Trinidad and Tobago >> 9/15/2016 - Touchstone Exploration Inc. announces an update regarding its credit facility. ...
UK Visas & Immigration Launches a New VAC in Mombasa
Kenya >> 9/15/2016 - On Monday 19 September 2016, UK Visas and Immigration’s global commercial partner for UK visa services, TLScontact, will open a Visa Application Centre (VAC) in Mombasa. This is a new centre, in addit...
Foreign Flights to Nigeria Forced to Refuel Elsewhere
Nigeria >> 9/13/2016 - Foreign airlines flying to Nigeria have started to refuel abroad to bypass pricey, and increasingly scarce, jet fuel as the oil producer battles a hard currency shortage that has made fuel available o...
Balance of Supply and Demand - September 2016
Austria >> 9/12/2016 - Demand for OPEC crude in 2016 was revised down by 0.2 mb/d to stand at 31.7 mb/d, which is 1.7 mb/d higher than the previous year. In 2017, the demand for OPEC crude is projected at 32.5 mb/d, aroun...
Victoria Oil & Gas Settles Reserve Bonus & Contingent Payment Agreements
Cameroon >> 9/8/2016 - Victoria Oil & Gas is pleased to announce that its wholly owned subsidiary Gaz du Cameroun S.A, a BVI company (GDC) has entered into a confidential settlement that resolves all outstanding issues con...
EOG Resources Acquires Yates in Transaction Valued at $2.5b
United States >> 9/6/2016 - EOG Resources, Inc. (EOG) and Yates Petroleum Corporation announced definitive agreements under which EOG has agreed to combine with Yates Petroleum Corporation, Abo Petroleum Corporation, MYCO Indust...
Doriemus Launches Open Offer to Raise up to £865,200
United Kingdom >> 9/6/2016 - Doriemus PLC, the London traded UK focused oil and gas exploration and production investment company, is pleased to announce the launch of a 3 for 10 Open Offer to raise up to £865,200 (before expense...
Nigeria's Oil Bill on Hold due to Delta Unrest
Nigeria >> 9/6/2016 - A long-awaited bill reforming Nigeria's petroleum industry is effectively on hold until tensions ease in the restive Niger Delta region, the country's oil hub, an influential senator said. The delay i...
Mexico Sets Minimum Royalty Value for Deepwater Gulf Auction
Mexico >> 9/6/2016 - Mexico's Finance Ministry announced the minimum value of additional royalties for companies participating in a deep-water oil tender, one of the most highly anticipated auctions since the opening of t...

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