Gulf Oil and Gas accountACCOUNT

Financials and Investment News

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...
Aramco Raises Pricing for October Crude to Asia on Demand
Saudi Arabia >> 9/4/2016 - Saudi Arabia, the world’s largest crude exporter, raised pricing for October oil sales to Asia and the US in a sign of strengthening demand. ...
BP's Dudley Sees Oil Price at $50 per Barrel for Rest of 2016
United Kingdom >> 9/2/2016 - BP Chief Executive Robert Dudley said he expected global oil prices to remain at around $50 per barrel till the end of this year and at the same level or even "little above" in 2017, he told reporters...
Tlou Completes Oversubscribed Equity Placement to Raise A$3m
Botswana >> 8/31/2016 - Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane (CBM) projects, is pleased to announce the s...
Japanese Banks Loan $630M to ADOC to Develop Hail Oilfield
Japanese Banks Loan $630M to ADOC to Develop Hail Oilfield United Arab Emirates >> 8/29/2016 - The Japan Bank for International Cooperation (JBIC) signed on August 26 a loan agreement amounting up to USD378 million with Abu Dhabi Oil Co., Ltd. (ADOC). This loan is cofinanced with Mizuho Bank, L...
Statoil Cuts Johan Sverdrup Costs
Norway >> 8/29/2016 - Quality in planning, project execution and improvement work increases the value of Johan Sverdrup. Since the plan for development and operation (PDO) of the Johan Sverdrup field was approved by Norweg...
Egypt's Debts to Foreign Oil Companies Reach $3.4b in June
Egypt's Debts to Foreign Oil Companies Reach $3.4b in June Egypt >> 8/28/2016 - Egypt's debts to foreign oil companies reached $3.4 billion by the end of June, a Sunday petroleum ministry statement read. This figure is up from $3.2 billion at the end of March. ...
Dana Gas May Seek to Roll Over Part of $700m Islamic Bond
Dana Gas May Seek to Roll Over Part of $700m Islamic Bond Egypt >> 8/28/2016 - Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year, the chief executive officer said....
OPEC Members' Export Revenue Drops to Lowest Level since 2004
OPEC Members' Export Revenue Drops to Lowest Level since 2004 Iran >> 8/26/2016 - Members of the Organization of the Petroleum Exporting Countries (OPEC) earned $404 billion in net oil export revenue in 2015, according to U.S. Energy Information Administration (EIA) estimates. Thes...
TTNGL Dividend Announcement
Trinidad and Tobago >> 8/26/2016 - Trinidad and Tobago NGL Limited is pleased to advise that based on the financial results for the half-year ended 30 June, 2016, the Directors have declared an interim dividend of $0.50 per share to Sh...
Forecast for 2017 Balance of Supply and Demand - August 2016
Forecast for 2017 Balance of Supply and Demand - August 2016 Austria >> 8/24/2016 - Demand for OPEC crude for 2017 remained unchanged from the previous report and is projected to increase by 1.2 mb/d to average 33.0 mb/d. Within the quarters, both the 2Q17 and 3Q17 were revised up by...
Nigeria Banks Banned from Foreign Currency Deals
Nigeria >> 8/24/2016 - Nine Nigerian banks have been suspended from foreign currency trading for not paying money owed to the government, a central bank source has told the BBC. The banks are said to be withholding a total ...
Gazprom Neft Successfully Completes Placement of RUB15 billion Exchange Traded Bonds
Russia >> 8/24/2016 - Gazprom Neft has successfully completed the book-building of series BO-01 and BO-04 exchange-traded bonds with a total nominal value of RUB15 billion, a maturity of 30 years, and a semi-annual coupon ...
Egypt Plans to End Fuel Subsidies within Three Years
Egypt Plans to End Fuel Subsidies within Three Years Egypt >> 8/23/2016 - Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters. ...
Iraq's New Oil Minister Sticks by Demand to Review Foreign Contracts
Iraq >> 8/22/2016 - Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister said, standing by a demand made by his predecesso...
Brent over $50/bbl on OPEC Freeze Talk, Weaker Dollar
Austria >> 8/18/2016 - Oil prices rose for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks as the world's biggest producers prepared to discuss a possible freeze in production levels....
Solo Receives 1st Payment for Gas Produced from Kiliwani North
Tanzania >> 8/18/2016 - Solo has been informed by Aminex PLC, operator of the Kiliwani North Field, that payment has now been received for its first invoice in relation to gas produced from the Kiliwani North-1 well in Tanza...
MEO to Raise $1.69m in Oversubscribed Share Placement
Australia >> 8/18/2016 - MEO Australia Limited has accepted commitments to raise approximately $1.69 million through a placement of approximately 46.9 million shares at $0.036 per share to qualified institutional and sophisti...
Trinity Issues Statement Regarding Subsidiaries' Proposal to Creditors
Trinidad and Tobago >> 8/17/2016 - Trinity, an independent E&P company focused on Trinidad and Tobago, announces that its Trinidad and Tobago incorporated wholly-owned subsidiaries Trinity Exploration and Production (Trinidad and Tobag...

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.