Financials and Investment News

Polarcus Provides Q4 and Full-Year 2016 Update
United Arab Emirates >> 12/7/2016 - Polarcus Limited (Polarcus) updates its guidance relative to multi-client prefunding estimated for the full year 2016. Based on preliminary numbers, the Company expects to report a prefunding level o...
The 2017 Edition of Abu Dhabi Sustainability Week (ADSW)
The 2017 Edition of Abu Dhabi Sustainability Week (ADSW) United Arab Emirates >> 12/7/2016 - The 2017 edition of Abu Dhabi Sustainability Week (ADSW) is on track to be the most important in the event’s history for driving commercially focused action, said industry leaders at a press event tod...
LGO Signs Funding Deal to Restart Goudron Field Drilling
Trinidad and Tobago >> 12/7/2016 - LGO is pleased to announce that agreements have been signed which will pay off the Company's entire remaining debt to BNP Paribas (BNPP), and put in place a new US$8.6 million Convertible Security Fun...
NBAD and FGB to Create Middle East’s Biggest Bank
United Arab Emirates >> 12/7/2016 - National Bank of Abu Dhabi (NBAD) secured shareholders' assent to merge with First Gulf Bank (FGB) at a meeting, a spokesman for NBAD said. ...
SOCAR’s Budget Payments for November 2016
Azerbaijan >> 12/7/2016 - SOCAR paid AZN 116 million 193 thousand to the State Budget for November of the current year. For January-November 2016, SOCAR transferred AZN 1 billion 266 million 365 thousand to the State Budget. ...
Egypt, China Sign $2.6B Currency Swap Boosting Pound Flotation
Egypt, China Sign $2.6B Currency Swap Boosting Pound Flotation Egypt >> 12/6/2016 - Egypt and China signed a currency-swap deal for about $2.6 billion, allowing the North African nation to shore up foreign reserves after floating its currency last month. ...
EGPC to Receive $200m Afreximbank Support
EGPC to Receive $200m Afreximbank Support Egypt >> 12/6/2016 - The African Export-Import Bank (Afreximbank) in Cairo signed a $200-million loan facility agreement with the Egyptian General Petroleum Company (EGPC) to support the expansion of electricity generatio...
Russia's Rosneft Offers $9.4 Billion in Local Bonds & Eyes Egyptian Investment
Egypt >> 12/5/2016 - Russian oil firm Rosneft opened the books for a 600 billion rouble ($9.4 billion) bond sale to raise money for foreign projects, and said it was interested in an offshore concession in Egypt. ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 12/5/2016 - DNO ASA, the Norwegian oil and gas operator, received USD 36.20 million from the Kurdistan Regional Government as payment towards September crude oil deliveries to the export market from the Tawke fie...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 12/5/2016 - Genel Energy plc announces that the Taq Taq field partners have received a gross payment of $21.33 million from the Kurdistan Regional Government (‘KRG’) for oil sales during September 2016. Genel’s n...
Gazprom in Talks with Japanese Banks about Raising 800 million Euros
Russia >> 12/4/2016 - Russian gas giant Gazprom is working on a deal under which Japanese banks would provide it with financing worth 800 million euros ($851.28 million), two sources familiar with the discussions told Reut...
Kuwait Energy Aiming to Close RBL Loan of up to $100M by Year-end
Kuwait >> 12/4/2016 - Kuwait Energy plans to close by the end of this year a reserve-based lending (RBL) loan facility of up to $100 million, sources familiar with the situation said. ...
Vietnam Seeks $1.2 Billion in Overseas Loans to Expand Refinery
Vietnam >> 12/2/2016 - Vietnam is seeking about $1.2 billion in overseas loans for its only oil refinery before a share sale in 2017, to increase output and meet demand in one of Southeast Asia’s fastest growing economies. ...
Hoegh LNG Prices Upsized Public Offering of 6,000,000 Common Units
United States >> 12/1/2016 - Hoegh LNG Partners LP (HMLP) has priced a public offering of 6,000,000 common units, representing limited partner interests in the Partnership, at a public offering price of $17.60 per unit. The offer...
KRG Signs Oil Audit Agreement with Ernst & Young
Iraq >> 11/30/2016 - The Kurdistan Regional Government signed an agreement with the multinational professional services firm, Ernst and Young, to audit oil and gas processes in the Kurdistan Region. ...
Claren Energy Announces Proposed Private Placement
United States >> 11/30/2016 - Claren Energy Corp. (Claren) proposes to complete a non-brokered private placement financing of 25,000,000 units (each a "Unit") at a price of $0.08 per Unit for gross proceeds of $2,000,000 (the "Off...
Mexico To Benefit From Oil Output Cut
Mexico >> 11/30/2016 - Mexican Finance Minister Jose Antonio Meade said that any crude production cut by OPEC would be positive for Mexico's finances and the health of state oil company Pemex after an agreement by producers...
OPEC Agrees First Output Cut Since 2008, Details Unclear
Austria >> 11/30/2016 - OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept "a big hit" on production and agree to arch-rival Iran freezing ...
Lukoil President Meets with Iraqi Minister of Oil
Iraq >> 11/30/2016 - Minister of Oil of Iraq Jabbar Ali Hussain Allibi and President of LUKOIL Vagit Alekperov have had a meeting as part of the OPEC summit. ...
Shell Studies Green Energy Deals to Prepare for Future after Oil
Netherlands Antilles >> 11/29/2016 - Royal Dutch Shell, the world's second-biggest publicly listed oil company, is studying acquisitions in the green energy sector, its CEO told Reuters, as it bows to shareholder demands for a strategy b...

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