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Abu Dhabi's IPIC to Raise $2.9 Bln in Bond
Abu Dhabi's IPIC to Raise $2.9 Bln in Bond United Arab Emirates >> 11/27/2012 - International Petroleum Investment Co (IPIC), the investment vehicle owned by the Abu Dhabi government, will price a $2.9 billion dual-currency bond, at tighter guidance than earlier indicated, due to...
Canada and Mexico Oil Supply – November 2012
Canada and Mexico Oil Supply – November 2012 Canada >> 11/26/2012 - Canadian oil supply is forecast to increase by 0.23 mb/d in 2012 to average 3.79 mb/d, indicating a minor downward revision of 15 tb/d compared with the previous MOMR. This revision occurred in the se...
Japan Stock Movements
Japan Stock Movements Japan >> 11/26/2012 - In September, commercial oil stocks in Japan reversed the draw incurred over the last month, increasing by 4.9 mb to end the month at 181.3 mb, the highest level since February 2009. With this build, ...
Forecast for Balance of Supply and Demand for 2012 –November 2012
Forecast for Balance of Supply and Demand for 2012 –November 2012 Austria >> 11/25/2012 - The estimated demand for OPEC crude for 2012 remains broadly unchanged from the previous report, as demand and non-OPEC supply saw only minor adjustments. Within the quarters, the first, second and fo...
Dana Gas Offers Bondholders Sweetened Debt Deal
Dana Gas Offers Bondholders Sweetened Debt Deal United Arab Emirates >> 11/25/2012 - Dana Gas, in talks to restructure a $920 million Islamic bond, is offering bondholders cash and an average 8 per cent coupon on two new sukuks to replace the existing one, two sources said. ...
US Oil Supply – November 2012
US Oil Supply – November 2012 Austria >> 11/21/2012 - US oil supply is forecast to increase by 0.71 mb/d in 2012 to average 9.74 mb/d, which is unchanged compared with the previous MOMR. Despite this steady state, there were downward and upward revisions...
Asia Oil Supply – November 2012
Asia Oil Supply – November 2012 Indonesia >> 11/20/2012 - Other Asia’s oil production is estimated to decrease by 20 tb/d in 2012 to average 3.61 mb/d, representing a minor downward revision of less than 10 tb/d from the previous MOMR. The revisions occurred...
Lamprell Predicts Bigger than Expected Losses in 2012
Lamprell Predicts Bigger than Expected Losses in 2012 United Arab Emirates >> 11/19/2012 - Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, issues its latest Interim Management Statement i...
Middle East Oil Demand in October 2012
Middle East Oil Demand in October 2012 Saudi Arabia >> 11/18/2012 - The partially removed gasoline subsidies on domestic consumption in Iran in the last quarter led to a reduction in gasoline demand by an average of 50 tb/d. Hence, the country’s oil demand has been fl...
Forecast for Balance of Supply and Demand for 2013– November 2012
Forecast for Balance of Supply and Demand for 2013– November 2012 Austria >> 11/18/2012 - The estimated demand for OPEC crude for 2013 has seen a downward adjustment of 0.1 mb/d from the previous report to stand at 29.7 mb/d, showing negative growth of 0.4 mb/d, compared with the previous ...
Kenya Seeks 25% Stake in Oil Production Ventures
Kenya >> 11/14/2012 - Kenya aims to take a bigger slice of the profits from its natural resources exploration boom by seeking a 25 percent stake in the production activities of oil and gas companies operating in the east A...
Abu Dhabi's TAQA Picks Five Banks for Dollar Bond
United Arab Emirates >> 11/12/2012 - Abu Dhabi National Energy Co (TAQA) has mandated five banks for a dollar-denominated bond, which could be issued before the end of the year, a spokesman for the company told Reuters. ...
Rosneft Announces Strategic Advisory Group
Rosneft Announces Strategic Advisory Group Russia >> 11/12/2012 - Rosneft announced the creation of a strategic advisory group that will consolidate the financial assets of Rosneft and launch a full service financial institution. The group composed of Rair Simonyan,...
Saudi Arabia Happy with Current Oil Price
Saudi Arabia Happy with Current Oil Price Saudi Arabia >> 11/11/2012 - The global oil market is in a good shape and Saudi Arabia is happy with the current oil price, Saudi Oil Minister Ali Al Naimi said, expressing satisfaction over a Gulf Arab effort, which kept prices ...
Oil Market Highlights - Nov 12
Austria >> 11/10/2012 - The OPEC Reference Basket dropped in October for the first time since the record 13% plunge in June, falling $2.31 to stand at $108.36/b. Higher supply growth and concerns regarding the health of the ...
Balance of Supply and Demand - Nov 12
Austria >> 11/10/2012 - Forecast for 2012
The estimated demand for OPEC crude for 2012 remains broadly unchanged from the previous report, as demand and non-OPEC supply saw only minor adjustments. Within the quar...
Tullow Secures US$3.5 Billion Debt Refinancing
Ghana >> 11/7/2012 - Tullow Oil plc (Tullow) is pleased to announce that it has closed the refinance of US$3.5 billion of Reserves Based Lend (RBL) credit facilities. The arrangements are fully committed, secured and revo...
Asia Oil Supply – October 2012
Asia Oil Supply – October 2012 Indonesia >> 11/6/2012 - Oil supply from Other Asia is expected to average 3.62 mb/d in 2012, a minor decline of 10 tb/d from the previous year. Updated production data indicated lower-than-expected output from Brunei, India,...
Saudi Mojil Group Says Shareholders Reject Liquidation
Saudi Arabia >> 11/6/2012 - Shareholders in Mohammed al-Mojil Group (MMG) have rejected the idea of liquidating the construction company, which is burdened by heavy losses and debt. The company's recovery plan include asset sale...
China Oil Demand in September 2012
China Oil Demand in September 2012 China >> 11/4/2012 - Chinese oil demand weakened this summer to almost a stand-still level. This was caused mainly by the slowdown in the industrial sector, which fell heavily as a result of slower exports. Diesel, fuel o...

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