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FAR to Undertake Placement for Kenya Cash
Kenya >> 6/2/2014 - FAR Ltd (FAR) is pleased to announce an equity raising placement which is expected to raise $8 million before expenses. The placement was arranged by Bell Potter Securities Limited (Bell Potter) as L...
Bengal Announces Term Sheet for $20m Secured Credit Facility
Australia >> 5/27/2014 - Bengal Energy Ltd is pleased to announce that it has signed an indicative term sheet for a US $20.0 million secured credit facility with a leading Australian commercial bank (the “Lender”), and provid...
Canacol Closes $125m Bought Deal Equity Financing
Canada >> 5/27/2014 - Canacol Energy Ltd has closed a bought deal equity financing announced on May 6, 2014. The Corporation issued 15,823,000 common shares of Canacol at a price of $7.90 per Common Share for gross proceed...
WHL Energy Receives $3.2m in Funding Support
Australia >> 5/27/2014 - WHL Energy Limited has completed a financing agreement to raise A$3.2 million. The capital raised via the cash advance term loan facility will be utilised to fund WHL Energy’s ongoing activities inclu...
KRG Will Deposit Revenues of Oil Sale in Halkbank
Iraq >> 5/23/2014 - Revenues from the first sale of oil piped from Iraqi Kurdistan will be deposited in Turkey's Halkbank, the autonomous region's government said in a statement. ...
Completed Placing of New Ordinary Shares to Raise $37.7m
Nigeria >> 5/21/2014 - Lekoil has conditionally raised gross proceeds of approximately US$37.7 million (approximately £22.4 million) through the placing of 33,000,000 new Ordinary Shares at a placing price of 67.75 pence pe...
Aramco Downstream Investments Over $100 bln
Aramco Downstream Investments Over $100 bln Saudi Arabia >> 5/18/2014 - Saudi Aramco, the state-owned firm of the world's largest oil exporter, said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in t...
Hyperdynamics Settles Litigation with AGR
Guinea >> 5/16/2014 - Hyperdynamics Corporation announced the settlement of litigation in London involving AGR Well Management Ltd. AGR provided project management services for Hyperdynamics' subsidiary, SCS Corporation L...
Aramco, Sumitomo Face Higher Costs for Plant Expansion
Saudi Arabia >> 5/14/2014 - The expansion of a petrochemicals complex in Saudi Arabia owned by Saudi Aramco and Sumitomo Chemical is now expected to cost 32 billion riyals ($8.5 billion), higher than previously estimated, the jo...
Keystone Flags Revenue Uncertainty Due to KRG Delay
Iraq >> 5/14/2014 - Oil explorer Gulf Keystone Petroleum warned a lag in payments for crude from its Shaikan oil field in Iraqi Kurdistan meant its revenue outlook was uncertain as it is still owed $24 million for oil sa...
Oil Market Highlights - May 14
Austria >> 5/13/2014 - Crude Oil Price Movements
The OPEC Reference Basket in April increased 12¢ to $104.27/b, amid marginal improvements in most component values. Crude prices were supported by firmer refin...
Balance of Supply and Demand - May 14
Austria >> 5/13/2014 - Demand for OPEC crude in 2013 was revised up by 0.1 mb/d from the previous report to stand at 30.1 mb/d — 0.4 mb/d lower than the 2012 level. In 2014, demand for OPEC crude also saw an upward revisi...
Gasol Provides Update on Energie de Côte D'Ivoire Acquisition
Ivory Coast (Cote D'Ivoire) >> 5/12/2014 - Gasol announced on 19 February 2014 that GDF SUEZ E&P International S.A. (the "Seller") had received exercising notices in relation to the existing CI-27 Block partners' pre-emption rights. ...
Delek, Avner Raise $2 billion for Leviathan Field
Israel >> 5/11/2014 - Israel's Delek Drilling and Avner Oil have raised $2 billion in an international bond offering to help fund the development of the huge Leviathan natural gas field off the coast of Israel. ...
Uganda to Borrow $145 Million for Oil Region Infrastructure
Uganda >> 5/8/2014 - Uganda said it wanted to borrow $145 million from the World Bank to revamp infrastructure in the Albertine region where it discovered commercial oil reserves. East Africa's third-largest economy is ey...
Egypt's Debts to Foreign Oil Companies up by US$800 ml in 3-Months
Egypt >> 4/30/2014 - The government's debt to foreign oil companies increased by US$800 million in the first quarter of 2014 to reach $5.7 billion versus $4.9 billion last December, said Egyptian General Petroleum Corpora...
Abu Dhabi's Taqa Issues $750m 10-yr Bond
United Arab Emirates >> 4/29/2014 - Abu Dhabi National Energy Co is due to price a $750 million bond with a ten-year lifespan, arranging banks said, with interest from investors covering the size of the transaction more than three times...
Delek, Avner Oil Raise Up to $2 Bln in Bonds
Israel >> 4/28/2014 - Israel's Delek Drilling and Avner Oil said they plan to raise up to $2 billion in bonds locally and abroad to help fund the development of the huge Leviathan natural gas field off the coast of Israel....
Tap Oil Provides Manora Update & Refinancing
Thailand >> 4/28/2014 - Tap Oil Limited has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million. The BNP facility will replace the US$50 million Manora field development facility and the A$...
Canacol Closes on Long-Term Secured Loan for $220m
Colombia >> 4/24/2014 - Canacol Energy Ltd has closed its previously announced upsizing of its existing senior secured term loan with a syndicate of banks led by Credit Suisse as Lead Arranger, Sole Bookrunner and Administra...

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