Financials and Investment News

Africa Finance Corp Issues $150 Million Debut Sukuk
Nigeria >> 1/24/2017 - Africa Finance Corp (AFC) said it issued a three-year $150 million sukuk, becoming the first African government-backed entity to sell an Islamic bond. The announcement confirmed a Reuters report this ...
Vivo Energy Teams Up with Orange Money at Shell Stations
Mali >> 1/24/2017 - Vivo Energy, the Shell licensee in Africa and Orange announce a collaborative Pan-African partnership agreement. Under this agreement, Orange Money (OM) customers will be allowed to cash in and cash o...
DNO Reports Payment for Tawke Deliveries
Iraq >> 1/23/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 38.89 million from the Kurdistan Regional Government as payment towards October 2016 crude oil deliveries to the export marke...
CGG Reduces Cash Costs & Related Issuance of Senior Notes
Norway >> 1/23/2017 - Reflecting CGG’s commitment to focus on strict cost and cash management, CGG and CGG’s Norwegian subsidiary Exploration Investment Resources II have entered into agreements to substantially reduce the...
Teekay LNG Contemplates Norwegian Bond Issuance
Bermuda >> 1/23/2017 - Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) announces that it intends to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bo...
Important Progress in the Recovery of Oil Prices
Important Progress in the Recovery of Oil Prices Venezuela >> 1/22/2017 - The Minister of Popular Oil, Nelson Martinez, offered statements following his first meeting of the OPEC Joint Monitoring Ministerial Committee and not OPEC, noting that it was very positive and that ...
OPEC, Non-OPEC Monitoring Committee to Meet Next after March 17
Kuwait >> 1/22/2017 - A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will meet next after March 17 in Kuwait, Kuwaiti Oil Minister Essam Al-Marzouq told reporters following the committee's fir...
Schlumberger Expects Markets Recovery in Late 2017
United States >> 1/20/2017 - Schlumberger NV said that it does not expect a "dramatic" short-term recovery in international markets, compared with North America where shale producers are already ramping up drilling activity. ...
Saudi's SABIC Q4 Net Profit Jumps 48 percent, First Rise in 10 Quarters
Saudi Arabia >> 1/19/2017 - Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported that its quarterly profit rose from a year earlier for the first time in ten quarters. ...
Rig Contractor to Fund Drilling Costs for Multi-Well Program
Gabon >> 1/19/2017 - Pura Vida Energy has entered into a conditional term sheet with a rig contractor to fund the costs of a three well, back to back drilling program on the Nkembe block, which will include an appraisal o...
Leniency Agreement Provides for Reimbursement of Over $ 81 M
Brazil >> 1/19/2017 - Petrobras will receive approximately R $ 81 million from the British company Rolls-Royce, which entered into a leniency agreement with the Federal Public Prosecutor's Office (MPF) under Operation Lava...
Balance of Supply and Demand - January 2017
Austria >> 1/18/2017 - Demand for OPEC crude in 2016 stands at 31.2 mb/d, which is 1.8 mb/d higher than 2015 level. In 2017, the demand for OPEC crude is projected at 32.1 mb/d, around 0.9 mb/d more than this year.

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Rolls-Royce to Pay More Than $800m to Settle Bribery Charges
Angola >> 1/17/2017 - Rolls-Royce Plc agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and UK ...
Petrobras Says Raises $4B in Bond Issue
Brazil >> 1/17/2017 - Brazil's state-controlled oil company Petrobras said that it had raised $4 billion in an international issue of bonds maturing in 2022 and 2017. ...
Duqm Authority Signs $265M Finance Agreement with China-based Bank
Oman >> 1/16/2017 - Oman’s Special Economic Zone Authority in Duqm (Sezad) and China-based Asian Infrastructure Investment Bank (AIIB) have signed a $265 million loan agreement for funding the second phase of Duqm Port. ...
UKEF Supports GE Oil & Gas Contract with $400 Million
Ghana >> 1/16/2017 - UK Export Finance (UKEF) has announced that it will provide US$400 million in support for a GE Oil & Gas contract with Ghana's Offshore Cape Three Points Project. ...
Saudi's SAFCO Reports 25% Drop in Profits
Saudi Arabia >> 1/15/2017 - Saudi Arabia Fertilizers Co (SAFCO) beat analyst forecasts but extended its earnings slump, reporting a 25 percent decline in fourth-quarter net profit. ...
TechnipFMC Secures Prospectus Approval
TechnipFMC Secures Prospectus Approval France >> 1/13/2017 - Technip S.A. (Technip) and FMC Technologies, Inc. (FTI) announce that TechnipFMC plc (TechnipFMC) secured visa no. 2017-015 from the French stock market regulator (Autorite des Marches Financiers, “AM...
ROC to Receive $250m Afreximbank Support for Oil Fields Strategic Plan
Congo >> 1/11/2017 - The African Export-Import Bank (Afreximbank) and the Government of the Republic of Congo yesterday in Cairo signed a facility agreement under which the Bank will provide $250 million in future flow pr...
SOCAR’s Budget Payments for December 2016
Azerbaijan >> 1/11/2017 - SOCAR paid AZN 129 million 56 thousand to the State Budget in December 2016 which is AZN 53 million 736 thousand (171,3%) more than the same period of 2015. For January-December 2016, SOCAR transferre...

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