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Financials and Investment News

Aminex Provides Kiliwani North & Nyuni Area Update
Tanzania >> 10/4/2018 - The Company announces that, as a result of payment defaults by Bounty Oil & Gas NL (“Bounty”) under the joint operating agreements relating to the Kiliwani North Development Licence and the Nyuni Area...
New US$50m Debt Facility
Niger >> 9/28/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce the signature of a term sheet with a leading Gene...
Placing to Raise £400,000
Ireland >> 9/26/2018 - The Directors of Petrel are pleased to announce that the Company has raised £400,000 (before expenses) via the placing of 21,621,622 ordinary shares (the "Placing Shares") with new investors at a pric...
Duqm Refinery Launches ICV Forum
Oman >> 9/18/2018 - Duqm Refinery launched its In-Country Value (ICV) Programme Opportunities Forum at the Crowne Plaza Hotel in Duqm. The launch of the programme coincides with the beginning of construction of the refin...
New Debt Facility Signed
Vietnam >> 9/17/2018 - SOCO has signed a new US$125 million Reserve Based Lending Facility (“RBL”) secured against the Group’s producing assets in Vietnam. In addition to the committed US$125 million, a further US$125 milli...
EnQuest Aborted Sales Talks for Kraken Stake due to Debt Deadline
United Kingdom >> 9/12/2018 - EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approac...
Egypt Signs Oil Hedging Deals with Two Banks
Egypt Signs Oil Hedging Deals with Two Banks Egypt >> 9/4/2018 - Egypt has signed contracts with two global banks to hedge against fluctuating global oil prices, a senior government official told Reuters. ...
Wentworth Provides Payment Update
Tanzania >> 9/3/2018 - Wentworth is pleased to inform shareholders that payments received during August 2018 for gas sales generated from the Mnazi Bay Concession in Tanzania totalled $3.4 million net to Wentworth. Payments...
Lukoil Reports 20% Rise in Q2 Profit on Stronger Oil, Weaker Rouble
Russia >> 8/29/2018 - Russia’s second-largest oil producer, Lukoil, reported a 20 percent rise in second-quarter net profit helped by stronger oil prices and a weaker rouble. ...
Oil Prices Edge up on Supply Disruption Worries
Oil Prices Edge up on Supply Disruption Worries Austria >> 8/28/2018 - Oil prices rose as risks of supply disruptions from places such as Venezuela, Africa and Iran triggered expectations of a tightening market. ...
Malaysia's Sapura Energy Plans $974 mln Fundraising to Boost Growth
Malaysia >> 8/24/2018 - Malaysian oil and gas firm Sapura Energy said it was looking to raise 4 billion ringgit ($974.42 million) through a proposed rights issue to strengthen its core businesses and boost its financial posi...
Aramco IPO Halted, Oil Giant Disbands Advisers
Saudi Arabia >> 8/22/2018 - Saudi Arabia has called off plans for the domestic and international listing of state oil giant Aramco, billed as the biggest stock flotation in history, four senior industry sources said. ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 8/20/2018 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 69.03 million as payment for May 2018 crude oil deliveries to the export market from the Tawke license in the Kurdistan region of I...
GKP Confirms Shaikan Payment
Iraq >> 8/20/2018 - Gulf Keystone confirms that a gross payment of $27.0 million ($21.2 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during May 2018. ...
Harvey Appraisal Well Funding
United Kingdom >> 8/17/2018 - Independent Oil and Gas plc ("IOG"), the development and production focused Oil and Gas Company, is pleased to announce the proposed funding of its 100% owned and operated high-impact Harvey appraisal...
Petrobras and Ensco Announce Settlement Agreement
United Kingdom >> 8/16/2018 - Petrobras and Ensco announce today that they have agreed to a settlement of all claims relating to the ENSCO DS-5 drilling services agreement. While the terms of the agreement are confidential, no pay...
Dana Gas Successfully Completes Sukuk Refinancing
United Arab Emirates >> 8/14/2018 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced that the issue of its new Sukuk has been completed and is now listed on Euronext Dublin (previously ...
Petrofac Secures New Banking Facilities
United Kingdom >> 8/13/2018 - Petrofac has secured US$300 million of new bank facilities with existing relationship banks. These new committed facilities, which will mature in 2020, provide additional liquidity and will reduce uti...
Iran Sets Currency Rescue Ahead of Reimposed U.S. Sanctions
Iran >> 8/6/2018 - Iran plans to implement a new financial rescue package on Monday to try and halt the rial’s decline, coinciding with the re-imposition of severe U.S. sanctions on the oil-rich state’s economy after Pr...
Saudi Arabia to Admit Iranian Diplomat
Iran >> 8/5/2018 - Saudi Arabia has agreed to admit an Iranian diplomat to head an office representing Iranian interests in the kingdom, the official Iranian news agency IRNA reported on Sunday, in a rare move after the...

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