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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...
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. ...
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. ...
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. ...
Duqm Authority Signs $265M Finance Agreement with China-based Bank
Oman >> 1/16/2017 - Omanís 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. ...
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, ďAM...
SOCARís 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...
Petrobras to Buy Back Up to $2 Billion of Debt in Cash
Brazil >> 1/9/2017 - Petroleo Brasileiro SA has launched a program to buy back up to $2 billion of existing bonds in cash and the offering of new debt, as the world's most indebted oil company seeks to refinance debt matu...
Peru Would Retain Money from Odebrecht Deal
Peru >> 1/9/2017 - Peru would withhold any money Brazil's Odebrecht SA might make by selling its 55 percent stake in a natural gas pipeline project while prosecutors probe bribes the company has admitted to distributing...
InfraStrata Announces New Loan Facility
United Kingdom >> 1/6/2017 - The Board of InfraStrata plc, the independent gas storage company, has signed a secured loan facility agreement (Loan Agreement) dated 5 January 2017 with Baron Oil plc (Baron) an AIM-quoted resources...
CGG Provides Trading and Financial Strategy Update
France >> 1/5/2017 - In a market that remains difficult, multi-client sales are estimated at circa $135 million in the fourth quarter of 2016, with a level of prefunding in line with target (a prefunding rate above 80% on...
Petrobras Revises the Price of Fuels
Brazil >> 1/5/2017 - According to our pricing policy announced in October 2016 , the Executive Group Markets and Prices (GEMP) decided to raise the price of diesel at the refinery by 6.1% on average. The new values start ...
Vitol Clinches $1 Billion Pre-Finance Oil Deal with Iran
Iran >> 1/4/2017 - The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, ac...
Encana Expects 2017 Plan to Exceed Forecasts
Canada >> 1/4/2017 - Encana delivered strong performance in the fourth quarter of 2016, and the company now expects that its 2017 plan will exceed forecasts previously shared at its Investor Day in October 2016. The compa...
Oil Trader Gunvor Suing Cerberus over Failed Chevron Bid
South Africa >> 1/4/2017 - Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid...
InfraStrata Updates Funding for Islandmagee Gas Storage Project
United Kingdom >> 1/4/2017 - The Board of InfraStrata plc, the independent gas storage company, announces an update in respect of the Company's working capital position and its fundraising activities following its announcement on...
Morocco Picks Financial & Legal Advisers for LNG Import Plan
Morocco >> 1/3/2017 - Moroccan state-owned power utility ONEE has picked HSBC Middle East Limited as financial adviser for its plan to boost its imports of liquefied natural gas (LNG), ONEE said in a statement. It has also...
Kuwait Energy Says Signs $100m Financing Facility with Vitol
Iraq >> 12/28/2016 - Kuwait Energy signed a forward sale agreement with Vitol providing it with a financing facility for up to $100 million. ...
Lukoil to Finance Restoration of the Alexandrov Company
Russia >> 12/27/2016 - LUKOIL will provide financial support to restore the A.V. Alexandrov Song and Dance Company of the Russian Armed Forces. ...

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