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Balance of Supply and Demand - October 14
Austria >> 10/10/2014 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.5 mb/d, which is 0.8 mb/d lower than the 2013 level. Demand for OPEC crude in 2015 was also unchanged to aver...
Mexico’s Alemans to Invest in Oceanografia to Get Control
United States >> 10/9/2014 - Mexico’s Aleman family, owner of the airline Interjet, said it reached agreement to make a capital injection into bankrupt oil-services provider Oceanografia SA to obtain a controlling stake. ...
Venezuela Ordered to Pay Exxon $1.6b for Nationalization
Venezuela >> 10/9/2014 - A World Bank arbitration tribunal ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. ...
Taipan Grants Stock Option Grant, Issuance of Shares
Canada >> 10/9/2014 - Taipan Resources Inc. (Taipan) announces that it has granted an aggregate of 2,150,000 incentive stock options, including 1,500,000 stock options to be issued to directors and officers of the Company....
Sunbird Completes $5m Stage 1 Capital Raising
South Africa >> 10/7/2014 - Sunbird Energy Ltd is pleased to announce the completion of the Stage 1, USD$5,000,000, Vandasia Transaction, previously announced on 9 September 2014. ...
Egypt Aims to Pay $2b to $3b of Debt to Oil Firms
Egypt >> 9/30/2014 - Egypt aims to pay back $2 billion to $3 billion it owes to oil and gas companies by the end of the year, the oil minister said, as the government tries to spur new investment to boost supplies. ...
Forecast for 2015 Balance Supply & Demand in September 2014
Forecast for 2015 Balance Supply & Demand in September 2014 Austria >> 9/30/2014 - Demand for OPEC crude for 2015 was revised down by 0.2 mb/d from the previous month. Within the quarters, the 1Q15 was revised down by 0.3 mb/d. Both 2Q15 and 3Q15 were revised down by 0.2 mb/d, while...
Kenya Finance Bill 2014 Passed by Kenyan Parliament
Kenya >> 9/25/2014 - Africa Oil Corp. (Africa Oil) confirms that the Kenya Finance Bill 2014 has been passed by the Kenyan Parliament and assented to by President Kenyatta. Publication of the bill is expected imminently. ...
Egypt’s Revenues $1b Monthly from Oil Companies
Egypt >> 9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partner’s oil and gas revenues of US$1 billion per month and is repaying around $700...
SINOPEC Wins "2014 Global Competitiveness Brands - Top 10 from China"
China >> 9/18/2014 - The 2014 Global Competitiveness and Sustaining Company Growth Event and the "2014 Global Competitiveness Brands – Top 10 from China" were held on September 17, Eastern Standard Time. Since 2009, this ...
Egypt Expects $425 Mln from Islamic Development Bank
Egypt >> 9/14/2014 - Egypt said it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm el-Sheikh. ...
Egypt Signs $500m World Bank Gas Loan
Egypt >> 9/11/2014 - Egypt has signed a $500 million loan with the World Bank to provide natural gas to Egyptian households, the government said in a statement on Thursday. ...
Sea Trucks Signs $130m Financing Facility
Netherlands Antilles >> 9/10/2014 - Sea Trucks Group Limited, an international oil and gas marine contractor with a strong track record in the key oil and gas producing regions, particularly West Africa, is pleased to announce a US$ 130...
Oil Market Highlights - September 14
Austria >> 9/10/2014 -  Crude Oil Price Movements
The OPEC Reference Basket fell by $4.86 in August to stand at $100.75/b. Nymex WTI declined by $6.32 to $96.08/b and ICE Brent dropped $4.79 to $103.40/b. Specu...
Balance of Supply and Demand - September 2014
Austria >> 9/10/2014 - Demand for OPEC crude in 2014 was revised down by 0.2 mb/d from the previous report to stand at 29.5 mb/d, which is 0.8 mb/d lower than the 2013 level. Demand for OPEC crude in 2015 was also revised...
Petrorabigh Invite Banks to Back JV Plant Expansion
Saudi Arabia >> 9/10/2014 - Saudi Arabia's PetroRabigh said its founding shareholders had formally invited banks to provide financing for the 32 billion riyal ($8.5 billion) expansion of its petrochemicals complex in the kingdom...
Dana Secures $100m Financing for UAE Offshore Field
Dana Secures $100m Financing for UAE Offshore Field United Arab Emirates >> 9/9/2014 - Dana Gas, the Middle East’s leading regional private sector natural gas Company, is pleased to announce that it has secured, through its wholly owned subsidiary Dana Gas Explorations FZE, a US$ 100 mi...
CAMAC Enters 5Y Credit Facility with Zenith Bank
Nigeria >> 9/8/2014 - CAMAC Energy Inc announced that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing initial...
Tanzania Tax Authority Plans to Review Mining & Gas Contracts
Tanzania >> 9/8/2014 - Tanzania's tax authority has scrapped plans to review mining and gas contracts, after its announcement of the move last week rattled investors in the east African country's rich gold and natural gas r...
Sasol Eyes Angola, Ghana and Tanzania Opportunities
Angola >> 9/8/2014 - Sasol is eyeing potential expansion into Angola, Ghana and Tanzania but Mozambique remains its immediate focus in Africa, the South African petrochemicals company's chief executive said. ...

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