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Fortuna FLNG Project Update
Equatorial Guinea >> 12/18/2017 - Further to the release on 23 November, Ophir, together with its partners in the Project, have decided to prioritise one of the alternative funding solutions that would see a leading Asian bank provide...
Melbana Energy Announces Placement to Raise $2.1 million
Australia >> 12/15/2017 - Melbana Energy Limited has accepted commitments to raise up to $2.1 million (before costs) through a placement of 150 million fully paid ordinary shares at $0.014 per share to qualified institutional ...
Iran welcomes Chinese Private Investors in Oil Projects
Iran >> 12/13/2017 - Iranian Minister of Petroleum Bijan Zangeneh said Iran and China enjoy extended relations in energy sector, calling on Chinese private investors to finance petroleum projects in Iran. ...
Tlou Receives Approval for Listing on Botswana Stock Exchange
Botswana >> 12/12/2017 - Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ("CBM"), announces that formal approval has ...
Eni Achieves Financial Close for Coral South FLNG
Mozambique >> 12/6/2017 - Eni, together with its Area 4 Partners, announces that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of US$ 4,675,500,000 split in the following fac...
Petrobras Signs $5B Financing Agreement with CDB
Brazil >> 12/5/2017 - Petrobras has signed with China Development Bank (CDB) a financing agreement of US$5 billion with maturity in 2027. Petrobras has also signed a commercial agreement with Unipec Asia Company, establish...
Mizuho Bank, SMBC, and J.P. Morgan to Provide EUR 1 Billion Credit Facility to Gazprom
Russia >> 11/28/2017 - Gazprom, Japan's Mizuho Bank, Ltd. (Mizuho) and Sumitomo Mitsui Banking Corporation (SMBC), and U.S.-based JPMorgan Chase Bank, N.A. (J.P. Morgan) signed a five-year EUR 1 billion Facility Agreement i...
Ophir Provides Fortuna FLNG Project Update
Equatorial Guinea >> 11/23/2017 - Ophir has agreed a twelve-month extension to the Block R licence, in which the Project is situated, to the end of December 2018. ...
Lukoil & Perm Region Continue Cooperation
Russia >> 11/23/2017 - President of LUKOIL Vagit Alekperov and the Governor of Perm Region, Maxim Reshetnikov, signed the 2018 Memorandum of Cooperation, in Perm today. The memorandum provides for the company's support of v...
i3 Energy Secures $25 million Credit Facility for 2018 Liberator Field Development Programme
United Kingdom >> 11/20/2017 - i3 Energy has received an indicative proposal and confirmed support from two UK-based lenders for a $25 million senior secured credit facility. ...
Venezuela & Russia Sign Financing Renegotiation Agreement
Venezuela >> 11/15/2017 - The Bolivarian Republic of Venezuela signed an agreement with the Russian Federation stipulating the terms of the financing renegotiation, in compliance with the instructions of the President of the R...
Oil Prices Rise on Supply Cuts & Political Tensions in Saudi Arabia
Oil Prices Rise on Supply Cuts & Political Tensions in Saudi Arabia Saudi Arabia >> 11/14/2017 - Last week, the WTI benchmark rose $2 to more than US$57 per barrel — its highest level since mid-2015. While OPEC and other contributing non-OPEC members plan to extend oil production cuts through 201...
Balance of Supply and Demand in 2018 - November 2017
Balance of Supply and Demand in 2018 - November 2017 Austria >> 11/14/2017 - OPEC crude for 2018 was also revised up by 0.4 mb/d from the previous report to stand at 33.4 mb/d, around 0.5 mb/d higher than the 2017 level.

All the quarters were revised up by nearly 0...
Oman’s Duqm Refinery to Seek $6 bln Bank Funding Soon
Oman >> 11/13/2017 - Oman’s Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks for the debt financing it needs to back a $6 billion refinery project, banking sources familiar with the mat...
Balance of Supply and Demand - November 2017
Austria >> 11/13/2017 - OPEC crude in 2017 is estimated at 33.0 mb/d, which is 0.7 mb/d higher than the 2016 level. In 2018, demand for OPEC crude is projected at 33.4 mb/d, about 0.5 mb/d higher than the 2017 level. The se...
UAE's ADNOC to Sell at Least 10% of Fuel Distribution Business in IPO
United Arab Emirates >> 11/13/2017 - Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10 percent of its fuel distribution unit in an initial public offering in Abu Dhabi, as Gulf states step up plans to privatize energy asset...
Kenya Offers Bigger Share of Oil Revenue to Local Communities
Kenya >> 11/10/2017 - Kenya’s government has proposed in a draft bill to give 30 percent of prospective oil revenue to the community where the resource was discovered, climbing down from its earlier proposal to cap the amo...
SOCAR’s Budget Payments for October 2017
Azerbaijan >> 11/10/2017 - SOCAR paid AZN 136 million 952 thousand to the State Budget for October of the current year (AZN 11 million 607 thousand or 9,3% more than the same period of 2016). In general, for January-October 201...
Gazprom & Unicredit S.p.A. Sign EUR 700 million Loan Agreement
Russia >> 11/9/2017 - In November, Gazprom and the Unicredit S.p.A. bank signed a five-year loan agreement worth EUR 700 million. The loan will be used by Gazprom for corporate purposes.
Noble Energy To Divest Non-Core DJ Basin Acreage For $608 Mln
United States >> 11/8/2017 - Noble Energy, Inc. has signed a definitive agreement with SRC Energy Inc. to divest approximately 30,200 net acres from the Company's non-core DJ Basin position in Weld County, Colorado. Included wit...

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