Financials and Investment News
| Austria >> 11/11/2016 - Demand for OPEC crude in 2016 was revised up by 0.1 mb/d to stand at 31.9 mb/d, which is 1.9 mb/d higher than the 2015 level. In 2017, demand for OPEC crude is projected to be 32.7 mb/d, around 0.1 mb... |
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Egypt >> 11/11/2016 - The International Monetary Fund approved a $12 billion loan program for Egypt to restore investor confidence and help revive an economy battered by years of political turmoil. ... |
| Australia >> 11/9/2016 - ADX Energy Ltd is pleased to announce the completion of a two tranche placement to raise $802,000. Investors participating in the first tranche (Tranche 1) will participate proportionately in the seco... |
| Ireland >> 11/8/2016 - On 7 November 2016, Avobone N.V. and Avobone Poland B.V. (Avobone) (together, “Avobone”) and San Leon Energy Plc (San Leon) settled a number of ongoing disputes between them and between Avobone and ce... |
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Venezuela >> 11/8/2016 - The Bolivarian Republic of Venezuela is committed to OPEC’s principles and fundamental objectives and continues to endeavor to achieve a much needed agreement among producers to restore the equilibriu... |
| United Kingdom >> 11/7/2016 - Trade body Oil & Gas UK has written to the Chancellor asking him to use his Autumn Statement later this month to help boost investor confidence in North Sea exploration and production. The North Sea o... |
| Iran >> 11/6/2016 - Managing Director of Export Development Bank of Iran Ali Saleh Abadi says 30 to 40% of the bank's portfolio is used for funding oil, gas and petrochemical projects in Iran. ... |
| Canada >> 11/4/2016 - Woodfibre LNG Limited announced that its parent company Pacific Oil & Gas Limited, part of the Singapore-based RGE group of companies, has authorized the funds necessary for the Woodfibre LNG Project ... |
| Senegal >> 11/4/2016 - In a report last week detailing sub-Saharan Africa's dire economic outlook, the International Monetary Fund singled out Senegal as a rare bright spot. One key reason: it does not produce oil. While lo... |
| Kuwait >> 11/3/2016 - Kuwait Petroleum Corp (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at nearly half the premiums of what it sold in 2016, traders said. ... |
| Norway >> 11/3/2016 - Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 4.5 million in the third quarter 2016, down from USD 16.3 million in the third quarter 2015 and from USD 15.1 million in the second quar... |
| Malaysia >> 11/2/2016 - Mitra Energy Inc. (Mitra) is pleased to announce that, as a result of existing shareholders wishing to upsize their financing commitment to Mitra, the Company has decided that it will now be proceedin... |
| Russia >> 11/2/2016 - PJSC "LUKOIL" announces the completion of the issuance of US$1,000,000,000 of Rule 144A/Regulation S notes. The offering consists of 10-year notes with a coupon of 4.750% per annum. The notes have bee... |
| Iraq >> 11/2/2016 - DNO ASA, the Norwegian oil and gas operator, received USD 31.33 million from the Kurdistan Regional Government as payment towards August crude oil deliveries to the export market from the Tawke field.... |
| Brazil >> 11/1/2016 - The revision of a massive exploration contract between Brazil's government and Petrobras will be based on the price of oil at the end of 2014, likely leaving the state-run oil company with a credit, t... |
| Iraq >> 11/1/2016 - Iraq has asked international oil companies (IOCs) to shut down prestige offices among the glittering towers of Dubai, through? which they used to run their oil operations in Iraq, as a way to rein in ... |
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United States >> 11/1/2016 - Preliminary data for September shows that total commercial oil stocks in the US fell by 11.2 mb, reversing the build of the last two months, to settle at 1,379.7 mb, which is around 74 mb, or 5.6%, ab... |
| Equatorial Guinea >> 11/1/2016 - Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have halved to around $450 million, a se... |
| United Kingdom >> 11/1/2016 - Egdon is pleased to announce the following developments: ... |
| South Africa >> 10/31/2016 - Africa Energy Corp. (Africa Energy) intends to raise CDN$15 million in new equity through a non-brokered private placement of new shares (the "Offering"). The private placement will be effected on a r... |
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