Gulf Oil and Gas accountACCOUNT

Financials and Investment News

Balance of Supply and Demand - March 15
Austria >> 3/16/2015 - Demand for OPEC crude in 2014 was unchanged from the previous report to stand at 29.1 mb/d, which is 1.3 mb/d less than the previous year. Demand for OPEC crude in 2015 remained unchanged to average...
Saudi Aramco Nears $10b Loan Deal at Tight Pricing
Saudi Arabia >> 3/12/2015 - Saudi Aramco, the kingdom's state oil giant, is close to completing a $10 billion tightly-priced loan, banking sources said on Thursday, part of which could be used to back the purchase of a stake in ...
Top Brazilian Politicians Investigated in Petrobras Scandal
Brazil >> 3/7/2015 - Brazil's Supreme Court will investigate the speakers of both houses of Congress and 32 other sitting politicians in connection with a multibillion-dollar kickback scheme at state-controlled oil compan...
Honeywell Joins Oklahoma in Contributions to Local Economy
United States >> 3/6/2015 - Honeywell showcased the benefits of the U.S. Export-Import Bank at a roundtable attended by Congressmen and local leaders at a Honeywell natural gas equipment manufacturing site near Tulsa, Okla. Okla...
Russia Gets $15 Mln Gas Payment from Ukraine
Russia >> 3/5/2015 - Russian gas exporter Gazprom said it had received a $15 million prepayment from Ukrainian state energy firm Naftogaz, averting a possible cut in supply, at least for a few days. ...
PetroSA Ghana Secures $150 Million Credit Facility
Ghana >> 3/5/2015 - PetroSA Ghana, a subsidiary of PetroSA, South Africa’s National Oil Company, has secured a seven year US$150 million reserve based lending credit facility, which will be used to refinance existing loa...
Wentworth Resources Provides Funding Update
Tanzania >> 3/4/2015 - Wentworth Resources Limited, the Oslo Stock Exchange and London Stock Exchange listed independent, East Africa-focused oil & gas company, announces an update on its financial position. ...
Oil Hedge Helps Oando Prepay Debt after ConocoPhillips' Deal
Nigeria >> 3/3/2015 - Oando Plc has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of ConocoPhillips' Nigerian oil and gas business, the company said. ...
Petrobras Approved Two-Year Divestment Plan
Brazil >> 3/2/2015 - Petrobras announces that its Executive Board, convened on February 26, 2015, has approved the company’s two-year (2015/2016) divestment plan. ...
Contract with Independent Audit Firm for the Periods of 2015 & 2016
Brazil >> 3/2/2015 - Petrobras announces that its Board of Directors, convened on February 27, has approved to contract PricewaterhouseCoopers Auditores Independentes for the rendering of accounting audit services for the...
Moody’s Reviews Petrobras’ Global Ratings
Brazil >> 2/24/2015 - Petrobras informs that Moody’s Investors Service reviewed Petrobras' global foreign currency debt ratings from Baa3 to Ba2. This rating is still on review. With this grade Petrobras is no longer an In...
ERHC Energy Issues Convertible Note to the Chrome Group
United States >> 2/23/2015 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has issued a convertible note for the principal amount of $250,000 to The Chrome Group. The note wil...
Mart Initiates Review of Strategic Alternatives
Nigeria >> 2/20/2015 - Mart Resources, Inc announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view...
Cherepovets Steel Mill Reduces Operational Costs By 6.5 billion Rubles
Russia >> 2/19/2015 - The Cherepovets Steel Mill, part of the Russian Steel division of PAO Severstal, one of the world’s leading steel and steel-related mining companies, and one of the world’s largest integrated steel m...
World Oil Supply & Oil Market Highlights in February 2015
World Oil Supply & Oil Market Highlights in February 2015 Austria >> 2/18/2015 - Non-OPEC oil supply growth in 2014 has been revised up slightly to 1.99 mb/d. This revision was mostly driven by higher output in OECD, Brazil, Kazakhstan and China in 4Q14, partially offset by downwa...
National Petroleum Services Signs $200m Financing Deal
United Arab Emirates >> 2/15/2015 - Dubai-based oilfield services firm National Petroleum Services (NPS) has secured a $200 million refinancing deal from a group of banks and financial institutions, Arab Petroleum Investments Corp (APIC...
Sirius Gains Extension on Funding & Prepares for Drilling Project Ororo-2
Nigeria >> 2/12/2015 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, updates its shareholders on progress towards completion of the £9.6 million Convert...
Rosneft Early Repays Part of a Loan Arranged for TNK-BP Acquisition
Russia >> 2/12/2015 - Rosneft announces it regularly repaid part of a loan obtained to finance the acquisition of TNK-BP. On February, 11 the Company paid to lenders USD 7.154 bln. ...
Gabon Unions Declare General Strike over Minimum Wage
Gabon >> 2/11/2015 - Trade unions in oil producer Gabon declared an indefinite general strike this week, with state workers seeking a huge pay rise just as the government prepares austerity measures. ...
Cameroon Plans to Raise $1.5b for Refinery
Cameroon >> 2/9/2015 - Cameroon's finance ministry will seek to raise $1.5 billion from banks to refinance the state refinery and fund other development projects, according to two presidential decrees seen by Reuters. ...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.