Gulf Oil and Gas accountACCOUNT

Financials and Investment News

Cook Inlet Federal Lease Sale Yields more than $3m in High Bids
United States >> 6/21/2017 - Cook Inlet Lease Sale 244 -- the first lease sale held in Alaska’s federal waters since 2008 -- today garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off So...
Cenovus Plans to Grow Free Funds Flow 14% a Year through 2021
Canada >> 6/20/2017 - Cenovus Energy Inc. put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel ...
Total Exercises Option to Farm-in to Providence's FEL 2/14
Ireland >> 6/20/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a commercial update on the Exclusive Option (the “Option”) entered into with TOTAL E&P IRELAND B.V. (TOTAL) and a...
Balance of Supply and Demand in 2017 - June 2017
Balance of Supply and Demand in 2017 - June 2017 Austria >> 6/15/2017 - Demand for OPEC crude in 2017 was revised up by 0.1 mb/d from the previous month. This upward adjustment was mainly due to the downward revision in non-OPEC supply as world oil demand remained unchang...
Shareholders Approve Wood Group’s Recommended All-Share Offer for AFW
United Kingdom >> 6/15/2017 - Today shareholders of Wood Group and Amec Foster Wheeler overwhelmingly approved Wood Group’s recommended all-share offer for Amec Foster Wheeler. The deal remains subject to relevant clearances from ...
Gulf Energy Maritime Signs US$75M Deal with Dubai Islamic Bank
United Arab Emirates >> 6/15/2017 - Gulf Energy Maritime (GEM), has signed an AED275 million ($75 million) with Dubai Islamic Bank (DIB). The agreement marks the first time GEM has raised funding of this kind through Islamic finance.
Saudi Arabia, Bahrain, UAE and Egypt Cut Diplomatic Ties with Qatar
Qatar >> 6/14/2017 - Since Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on Monday 5 June 2017, and moved to close off access to the Gulf country, there have been a few developme...
Oil Prices Continued to Fall
Austria >> 6/14/2017 - The crude price of OPEC basket stood at $46.01 a barrel on Tuesday, compared with $45.93 the previous day. In May 2017, OPEC said it would extend an 1.8 million barrel per day cut to oil output by ni...
Bahamas Petroleum Announces Placing to Raise US$3.25 Million
Bahamas >> 6/14/2017 - Bahamas Petroleum Company plc, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas, has raised US$3.25 million (£2.6 million) bef...
Balance of Supply and Demand - June 2017
Austria >> 6/13/2017 - Demand for OPEC crude in 2016 stood at 31.8 mb/d, which is 2.0 mb/d higher than the 2015 level. In 2017, the demand for OPEC crude is projected at 32.0 mb/d, around 0.3 mb/d higher than last year.
Oil and Gas Confidence Rises from Historic Lows
United Kingdom >> 6/13/2017 - Improvements in oil and gas contractor confidence both in the UK Continental Shelf (UKCS) and internationally suggests some businesses are seeing signs of recovery and are focused on the future, accor...
Yamal LNG Raised Financing with Insurance Coverage by the Swedish & German Export Credit Agencies
Russia >> 6/13/2017 - OAO Yamal LNG (“Yamal LNG”) announced the signing of agreements with several European banks, inter alia Raiffeisen Bank International AG and Intesa Sanpaolo on 14-year credit line facilities for the t...
Sirius Petroleum in Talks with BP Regarding Ororo Field Financing
Nigeria >> 6/12/2017 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, notes the recent press speculation and can confirm it is currently in discussions w...
Abu Dhabi Hosts The Maritime Standard Ship Finance & Trade Conference 2017
United Arab Emirates >> 6/11/2017 - The third annual The Maritime Standard Ship Finance and Trade Conference will take place on November 8th 2017 at the Sheraton Abu Dhabi Hotel and Resort. The event is expected to attract more than 150...
SOCAR’s Budget Payments for May 2017
Azerbaijan >> 6/9/2017 - SOCAR paid AZN 139 million 586 thousand to the State Budget for May of the current year that is AZN 21 million 780 thousand (118,5%) more than the same period of 2016. In general, for January-May 2017...
Oil's Price Fall Stalls despite Supply Glut
United States >> 6/9/2017 - Oil prices steadied after steep falls earlier in the week under pressure from widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market. Brent crude oil was up 10 cents at $...
Petroleum Minister Paid $2.2 Billion to Foreign Partners
Petroleum Minister Paid $2.2 Billion to Foreign Partners Egypt >> 6/8/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that the Petroleum sector paid $2.2 Billion of arrears to IOCs working in Egypt by instalments during the past three weeks, r...
Hyperdynamics Raises $6.33m to Fund its Share of Fatala Well
Guinea >> 6/7/2017 - Hyperdynamics Corporation (Hyperdynamics), announced the closing of a private placement offering (the "Offering") of Units of the Company's securities each consisting of (i) one share of the Company's...
Maynilad Water Services Signs Credit Agreements with JICA and Japanese Banks
Philippines >> 6/7/2017 - Maynilad Water Services, Inc. (hereinafter "Maynilad"), a water and sewerage company in the Philippines, in which Marubeni Corporation (hereinafter "Marubeni") owns a 20% stake, signed credit agreem...
Egypt Paid $1.5b in Arrears to IOCs in May, June
Egypt Paid $1.5b in Arrears to IOCs in May, June Egypt >> 6/6/2017 - Egypt has paid $1.5 billion in arrears to international oil companies in May and June, the Central Bank of Egypt’s (CBE) Assistant Deputy Governor Rami Aboul Naga told state-owned news agency MENA on ...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.