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Lukoil & World Wildlife Fund Sign Roadmap For 2017
Russia >> 2/22/2017 - LUKOIL and the World Wildlife Fund (WWF) have approved a joint plan of actions for 2017, as part of a cooperation agreement. The roadmap was signed by Gleb Ovsyannikov, Head of Public Relations at LUK...
Delek Signs Agreement for Leviathan Financing
Israel >> 2/21/2017 - Delek Group announces that further to immediate report dated November 27, 2016 (Ref No. 2016-01-132058), with regard to a signature of a Commitment Letter for the signing of a financing agreement, the...
Iran Will Finalize Contract with Total within Two Months
Iran >> 2/21/2017 - Iran's oil minister said that the first of its new contracts would be finalized with Total within two months, according to the Mehr News agency. ...
Questerre Closes $24 Million Private Placement
Canada >> 2/17/2017 - Questerre Energy Corporation (Questerre) has closed its previously reported private placement of 30.8 million Common Shares at NOK 5.00 or C$0.79 per Common Share for gross proceeds of NOK 154 million...
Angus Applies for Admission of up to £3,500,000 of Secured Bonds
United Kingdom >> 2/16/2017 - Angus Energy has published an Information Memorandum (the “IM”) in connection with an application for admission of up to £3,500,000 sterling denominated secured bonds of denomination £1, with a maturi...
Oman Considers Taking Early Payments for Oil to Avoid New Debt
Oman >> 2/16/2017 - The government of Oman is considering financing structures that let it get advance payments from oil traders, reducing the government's need to borrow more money from banks, sources familiar with the ...
Abu Dhabi's New $125 bln Fund to Start Operating in May 2017
United Arab Emirates >> 2/16/2017 - A $125 billion Abu Dhabi state investment firm, formed by merging two of the emirate's biggest funds, is expected to start operating in May, its chief executive said. ...
The7thAnnual Zambia International Mining and Energy Conference & Exhibition (ZIMEC)
Zambia >> 2/16/2017 - The7thAnnual Zambia International Mining and Energy Conference & Exhibition (ZIMEC) supported and endorsed by the Government andthe Chamber of Mines, Zambia,will take place once again in Lusaka, from ...
Secured Term Financing Facility of up to £4 million
United Kingdom >> 2/16/2017 - Gulfsands Petroleum plc, the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, is pleased to announce that it has finalised a Secured Term Facility of up to £4 million (the ...
Solo Oil Announces Placing to Raise £2 Million
Tanzania >> 2/16/2017 - The Directors of Solo Oil plc has raised £2,000,000 (before expenses) through a Company sponsored placing (the "Placing") of 400,000,000 new ordinary shares of 0.01p (the "Placing Shares") at a price ...
MX Oil Intends to Undertake a Placing to Raise £5,000,000
Nigeria >> 2/15/2017 - MX Oil, the AIM quoted oil and gas investing company, announces its intention to undertake a placing to raise approximately £5,000,000 (before expenses) through the issue of new ordinary shares in the...
Kuwait's KPC to Spend 35B dinars on Oil Projects in 5 Years
Kuwait >> 2/13/2017 - Kuwait Petroleum Corp (KPC) expects to spend 35 billion dinars ($114.8 billion) on oil projects in the next five years, its chief executive officer said, adding 30 percent of the amount would be for l...
Balance of Supply and Demand – February 2017
Austria >> 2/13/2017 - Demand for OPEC crude in 2016 stands at 31.3 mb/d, which is 1.8 mb/d higher than the 2015 level. In 2017, demand for OPEC crude is projected to be 32.1 mb/d, around 0.8 mb/d higher than this year. ...
TransGlobe Executes Prepayment Agreement & Marketing Contract
Switzerland >> 2/10/2017 - TransGlobe Energy Corporation is pleased to announce the signing of a US$75 million crude oil prepayment agreement between its wholly owned subsidiary, TransGlobe Petroleum International Inc. ("TPI") ...
Singapore Banks' Sour Loans In Focus As Oil Service Sector Stresses
Singapore >> 2/10/2017 - Singapore's DBS Group Holdings and smaller rival United Overseas Bank are set to report their lowest quarterly profit in at least two years, hurt by bad loans provisions for a battered oil services se...
Rosneft's Volga Refineries in Limbo Over Tax Reform & Low Oil Prices
Russia >> 2/10/2017 - Some of the domestic refineries of Russia's largest oil producer Rosneft have been hit hard by tax reforms and weaker oil prices, putting a strain on profits, sources and analysts told Reuters on Frid...
Ecuador to Pay ConocoPhillips $380M
Ecuador >> 2/8/2017 - ConocoPhillips’ (COP) wholly owned subsidiary, Burlington Resources Inc., received an arbitration award of $380 million from an international arbitration tribunal, constituted under the International ...
Senex Energy Launches Share Purchase Plan
Australia >> 2/8/2017 - Senex Energy Limited (Senex) announces the launch of a Share Purchase Plan, offering existing shareholders the opportunity to participate in the Senex growth story at a discount to market value. ...
London Stock Exchange Welcomes Eco Atlantic Oil & Gas to AIM
Canada >> 2/8/2017 - London Stock Exchange welcomed the AIM listing of Eco (Atlantic) Oil & Gas Ltd., a Canadian-based natural resources exploration firm. The company, which raised £5.08 million on admission and now has a...
New Scottish Government Decommissioning Fund is Encouraging
United Kingdom >> 2/8/2017 - Deirdre Michie, chief executive, Oil & Gas UK said: “The First Minister’s announcement of a new £5 million fund to support Scottish companies looking to take advantage of decommissioning sector...

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