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Petrobras Signed Term Sheet with CDB
Brazil >> 2/26/2016 - Petrobras has signed a Term Sheet with the China Development Bank (CDB), for financing of US$10 billion. The document contains the main terms and conditions of the operation and was signed by the Pre...
Ecopetrol Continues Financing of Its 2016 Investment Plan
Colombia >> 2/24/2016 - Ecopetrol S.A. reports that on February 23, 2016, it signed a bilateral commercial loan agreement with Bancolombia S.A. for COP$990 billion (Approximately USD$300 million). ...
Update on Domestic Pricing for 2015 & 2016
Kazakhstan >> 2/24/2016 - JSC KazMunaiGas Exploration Production (KMG EP) updates on domestic pricing for 2015 and 2016. ...
Emerson to Get the Most from Capital Investments
United States >> 2/23/2016 - With volatile, low energy prices widely believed to be the “new normal,” companies must look for new ways to stay competitive and profitable. In most cases, those opportunities are found within their ...
Egypt's Midor Signs $1.2 Billion Loan Agreement
Egypt's Midor Signs $1.2 Billion Loan Agreement Egypt >> 2/23/2016 - Egypt's state-owned Middle East Oil Refinery Company ( Midor ) has signed an initial loan agreement with three banks for $1.2 billion, the state news agency said. ...
Trinity Exploration & Production Provides Loan Update
Trinidad and Tobago >> 2/22/2016 - Trinity has agreed a further extension to the moratorium on principal repayments, relating to Trinity's outstanding debt balance of US$13.0 million with its lender, until the 26th of February 2016. Di...
Shell Starts Process to Pay Iran $2bn in Oil Debt
Iran >> 2/20/2016 - Global oil giant Shell has announced plans to repay its $2-billion oil debt to Iran, which it says it had been so far barred from paying due to western sanctions imposed against the country. ...
Iraqi Kurdistan Authorises $12m Gulf Keystone Payment
Iraq >> 2/19/2016 - Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, announces that the Kurdistan Regional Government has authorised a gross payment of US$15 million (...
Statoil Met Police over Angola Payments
Angola >> 2/19/2016 - Oil major Statoil met Norway's white-collar crimes police unit this week to explain payments made to Angola's state energy firm Sonangol, the Norwegian company and public officials said. Statoil denie...
Bashneft Purchases Bonds Worth 9.9 billion Roubles Under a Put Option
Russia >> 2/18/2016 - Bashneft has completed the purchase of series 04 bonds worth a total of 9 858 534 thousand roubles under a put option. ...
Manufacturing a First for IKTVA Program in Saudi Arabia
Saudi Arabia >> 2/17/2016 - Six high-efficiency gas compression trains for the first phase of Saudi Aramco’s Master Gas System Expansion Project have been assembled locally in Dammam, Saudi Arabia, for the first time, marking a ...
Gazprom Approves List of Measures Aimed at Increasing Company’s Global Market Share
Russia >> 2/16/2016 - The Gazprom Board of Directors approved an updated list of measures aimed at increasing the Company's share in the global gas market. It was noted that amidst the industry-wide changes the updating of...
Operational Excellence During Oil Price Downturn
United States >> 2/15/2016 - The oil industry is going through a rough patch right now. It may seem dire with wells going offline and new exploration being reduced, but this is not the first time this has happened and it won't be...
Bank Nizwa Signs $50m Financing Agreement with Hydrocarbon Finder
Oman >> 2/15/2016 - Bank Nizwa SAOG has signed an agreement to provide a structured financing facility of USD 50 million to Hydrocarbon Finder E&P LLC (HCF), an independent Oil & Gas exploration & production company prom...
Petroleum Development Oman to Borrow Abroad to Finance Projects
Oman >> 2/15/2016 - State-owned Petroleum Development Oman (PDO) will in future borrow abroad if it needs to finance projects rather than ask for more funds from its shareholders, Minister of Oil and Gas Mohammad bin Ham...
Balance of Supply and Demand - February 2016
Austria >> 2/11/2016 - Demand for OPEC crude in 2015 was revised down by 0.1 mb/d from the previous report to stand at 29.8 mb/d, which is 0.1 mb/d lower than a year earlier. The global oversupply for 2015 is estimated at...
IEA Expects Contraction of Oil Supply Glut
United States >> 2/9/2016 - Crude oil price slumped again yesterday, but weaker dollar is holding prices above recent multi-year lows. The global oil inventories will continue to grow in most of 2016 because the decline in US pr...
KPC to Sell Loss-making Units
Kuwait >> 2/9/2016 - State-run Kuwait Petroleum Corp (KPC) plans to sell loss-making assets to cut costs as low oil prices pressure its finances, state news agency KUNA reported. ...
Saudi, Venezuela Hold 'Productive' Talks on Stabilising Oil Market
Saudi Arabia >> 2/8/2016 - Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart, state news agency SPA re...
Receipt of Payment for KRI Oil Exports from Tawke Field
Iraq >> 2/8/2016 - Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a gross payment of $17.99 million towards the monthly entitlement for ...

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