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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...
SIBUR Board of Directors Approves the 2015 CAPEX Plan
Russia >> 3/26/2015 - SIBUR Board of Directors approved the Company's 2015 CAPEX plan of RUB 64.7 bn. ...
Northern Gulf Petroleum in Default on Manora Oil Project
Thailand >> 3/23/2015 - Tap Oil Limited advises that on 20 March 2015 the Operator of the G1/48 Concession and the Manora Oil Development (Mubadala Petroleum) gave notice to Northern Gulf Petroleum Pte. Ltd. (NGP) that it is...
Bureau Veritas Wins CBCA Contract in Zimbabwe
Zimbabwe >> 3/20/2015 - Bureau Veritas has been awarded by the Ministry of Industry and Commerce of the Republic of Zimbabwe with the Consignment Based Conformity Assessment (CBCA) contract. ...
Max Petroleum's Kazakh Bank Accounts Suspended & Exports Halted
Kazakhstan >> 3/20/2015 - Max Petroleum Plc's bank accounts in Kazakhstan will be suspended due to non-payment of taxes and its export sales had been halted as the debt-laden oil and gas company continues its attempts to secur...
Tullow Secures $450m of Capital Under its Existing Credit Facilities
United Kingdom >> 3/20/2015 - Tullow Oil plc (Tullow) is pleased to announce the following update on its financing and banking arrangements. Tullow and its lending banks have: ...
Malaysia's Petronas Says $5B Bond Issue for Capex
Malaysia >> 3/19/2015 - Malaysia's Petroliam Nasional Bhd (Petronas) plans to use the $5 billion it raised in Asia's largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company...
ExxonMobil Asks Russia to Repay Taxes
Russia >> 3/18/2015 - U.S. oil and gas major ExxonMobil has asked the Russian government to reimburse taxes worth 'several billion roubles' it says it overpaid on a project in the far east of Russia, the Kommersant daily r...
Swiss Prosecutor Finds 300 Bank Accounts Linked to Petrobras Scandal
Brazil >> 3/18/2015 - Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Pet...
PetroRabigh Signs $5.2 Bln Loan for Expansion
PetroRabigh Signs $5.2 Bln Loan for Expansion Saudi Arabia >> 3/17/2015 - Rabigh Refining and Petrochemical Company (Petro Rabigh), whose major shareholders are Sumitomo Chemical and Saudi Aramco, has signed project financing agreements with a syndicate of banks for the Rab...
Dow Jones Sustainability Index
Brazil >> 3/16/2015 - Petrobras announces that the Dow Jones Sustainability Index Committee has notified that the company is no longer a member of the Dow Jones Sustainability Index World (DJSI World) as of March 23, 2015....
Oil Market Highlights - March 15
Austria >> 3/16/2015 -  Crude Oil Price Movements
The OPEC Reference Basket averaged $54.06/b in February, representing a gain of $9.68 or nearly 22% amid a pickup in prompt demand from Europe and Asia and opti...

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