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Financials and Investment News

DNB Purchases 584,442 Shares of Statoil
Norway >> 8/16/2017 - On behalf of Statoil, DNB has on 15 August 2017 purchased 584,442 shares for use in the group's Share saving plan. The shares have been acquired at a price of NOK 145.68 per share. Before distribution...
Woodside Petroleum Half-Year Profit Jumps 4 Percent
Australia >> 8/16/2017 - Woodside Petroleum said its half-year profit rose 49 percent, buoyed by higher oil prices and lower costs, but missed analysts' forecasts. Australia's biggest independent oil and gas producer posted a...
NNPC Says its Production Costs Cut to $23 a Barrel
Nigeria >> 8/16/2017 - Nigeria's production cost per barrel of crude oil is down to $23, the state oil company said, after the country last month said the cost was $29 a barrel, one of the highest levels in the world. The N...
American Economy & Consumers Benefit from Streamlining of Energy Infrastructure
United States >> 8/15/2017 - API President and CEO Jack Gerard called President Trump’s executive order to streamline energy infrastructure an important step in speeding up projects, creating jobs, and improving government effici...
Up to $6.6 Million Capital Raising for Cuba Drilling Preparations
Cuba >> 8/15/2017 - Melbana Energy has announced a placement to raise approx. $1.8 million and an entitlement offer of shares to raise up to approx. $4.8 million (before costs). Proceeds from the Placement and the Entitl...
Announcement of Dividend per Share for Q12017 in NOK
Norway >> 8/15/2017 - Statoil announced 4 May 2017 dividend per share of USD 0.2201 for first quarter 2017. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three ...
Santos Expects Non-Cash Impairment of Approx. US$690 Million
Australia >> 8/15/2017 - Santos expects to recognise a non-cash net impairment charge of approximately US$690 million after tax in its 2017 half-year results to be released on 24 August 2017. ...
SDRL Amends Secured Credit Facility
Norway >> 8/15/2017 - Seadrill Limited (SDRL) has amended the term credit facility provided to Seadrill Eminence Ltd., a wholly owned subsidiary of the Company, to mature on September 14, 2017. The amendment was implemente...
Pembina Pipeline Corporation Offers $600m Public Note
Canada >> 8/14/2017 - Pembina Pipeline Corporation (Pembina) has agreed to issue $600 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $350 millio...
Sirius Signs US$10m Financing Agreement for Ororo Field Crude
Nigeria >> 8/14/2017 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that following completion of technical due diligence on the ...
Saudi Arabia Favours New York for Aramco Listing Despite Risks
Saudi Arabia >> 8/11/2017 - Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, peop...
Balance of Supply and Demand - August 2017
Austria >> 8/10/2017 - Demand for OPEC crude in 2017 is estimated at 32.4 mb/d, which is 0.4 mb/d higher than 2016 level. In 2018, the demand for OPEC crude is projected at 32.4 mb/d, almost at the same level as 2017.
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Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 8/9/2017 - Genel Energy plc announces that the Taq Taq field partners have received a gross payment of $12.24 million from the Kurdistan Regional Government (‘KRG’) for oil sales during May 2017. ...
DNO Receives $39.59mn from Kurdistan for May 2017 Crude Oil Deliveries
Iraq >> 8/9/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market fr...
Ex Dividend & Ex Rights to Participate in Dividend Issue
Norway >> 8/8/2017 - From 8 August 2017, the American Depository Receipts (ADRs) in Statoil listed at New York Stock Exchange will be traded ex dividend USD 0.2201 and ex rights to participate in the dividend issue (scrip...
GIC Signs Agreement with Unit International & Zarubezhneft
Iran >> 8/8/2017 - Iran's Ghadir Investment Company has signed a trilateral agreement with Russia's Zarubezhneft and Turkish energy company Unit International to finance oil and gas development projects. ...
Saudi Kayan Secures $1.2B Loan to Repay Maturing Debt
Saudi Arabia >> 8/8/2017 - Saudi Kayan Petrochemical Co said it had secured a $1.2 billion Islamic loan from National Commercial Bank (NCB) to help repay a previous facility with the lender that matures next week. ...
Gazprom Neft Given Direct Access to the Moscow Exchange (MOEX) Money Market
Russia >> 8/8/2017 - Gazprom Neft has been given direct access to the Moscow Exchange (MOEX) Money Market via a central counterparty (CCP). The company successfully conducted its first transaction — the placement of a Rub...
LINN Enters into New $500m Revolving Credit Facility
Canada >> 8/7/2017 - LINN Energy, Inc.(LINN) together with its subsidiaries, announces it has entered into a new $500 million senior secured reserve-based revolving credit facility (new credit facility) with Royal Bank of...
Namibia Keen on Enhancing Economic Ties with Iran
Iran >> 8/6/2017 - Iranian Minister of Petroleum Bijan Zangeneh said Namibia has indicated keenness to enhance economic ties with Iran and enjoy the capabilities of Iranian companies in developing a newly-discovered gas...

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