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Financials and Investment News

Completion of Financing
Congo >> 7/17/2019 - Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that it has completed a fundraising (the "Fundraising") for up to £8.25m. The fundraising comprises: ...
Vaalco Paid Due Under Final Settlement Agreement with Sonangol E.P.
Angola >> 7/17/2019 - VAALCO Energy, Inc. has paid $4.5 million to Angola National Agency of Petroleum, Gas, and Biofuels (ANPG), as National Concessionaire, under the terms of the previously announced Settlement Agreement...
Total Divests Assets in the UK to Petrogas
United Kingdom >> 7/10/2019 - Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. Petrogas has partnered with Nor...
Murphy Oil Completes Sale of FLNG & Other Malaysian Project Assets to Thailand
Malaysia >> 7/10/2019 - Murphy Oil Corporation (MUR) (Murphy) announced its subsidiary closed the sale to divest the fully issued share capital of the entities primarily conducting Murphy’s operations in Malaysia to a subsid...
Nigeria Signs Africa Free Trade Agreement
Nigeria >> 7/7/2019 - Nigerian President Muhammadu Buhari has signed up to the $3 trillion Africa free trade agreement. As the largest economy on the continent, Nigeria’s decision to sign the deal was a boost to the pact. ...
Placing to Raise £2.65 million
United Kingdom >> 7/2/2019 - Reabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that is has raised £2.65 million (gross) via a placing of 240,90...
Dana Gas Receives $48M from Its Operations in Egypt
Dana Gas Receives $48M from Its Operations in Egypt Egypt >> 6/29/2019 - Dana Gas PJSC has received payments of $48 million (AED 177 million) from its operations in Egypt in June. These collections comprise $38 million in payments from the government (of which $30 million ...
Lansdowne Oil & Gas Announces Loan Agreement with Two Major Shareholders
United States >> 6/26/2019 - Lansdowne Oil & Gas has confirmed that on 25 June 2019 the Company entered into a Loan Agreement for GBP 300,000 with major shareholders Lampe Conway & Co and Brandon Hill Capital.
PetroNeft Resources Provides Financing Update
Russia >> 6/25/2019 - PetroNeft (PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to provide a financing ...
Corporate Update and Assessment of Strategic & Operational Options for Nostrum
Netherlands/Holland >> 6/24/2019 - Nostrum Oil & Gas PLC, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, announces that its Board has commenced a stra...
SOCO International Announces Syndication of the RBL
United Kingdom >> 6/24/2019 - SOCO International plc, an international oil and gas exploration and production company, is pleased to announce that DBS Bank has joined as a lending bank with effect from 18 June 2019 following the s...
Petrobras Pays Vantage Drilling $700.9M to Satisfy U.S. Judgment
Brazil >> 6/21/2019 - Vantage Drilling International (Vantage) announced that Petrobras Venezuela Investments & Services, BV (PVIS), a subsidiary of Petroleo Brasileiro S.A, entered into an agreement with Vantage Deepwater...
Husky Accepts Fines for 2016 Saskatchewan Oil Spill
United States >> 6/12/2019 - Husky entered guilty pleas on federal and provincial charges related to a 2016 oil spill in Saskatchewan and will pay fines totaling $3.82 million. ...
ENOC Group Secures US$690 million Term Loan from a Consortium of Chinese Banks
China >> 6/10/2019 - ENOC Group has secured a five-year US$690 million term loan from a Chinese consortium of banks as China’s biggest financial institutions endorse the Group’s operational and financial health. The term ...
Gazprom Neft Joins Forces with the Mir National Card Payment System
Russia >> 6/7/2019 - Gazprom Neft has signed an agreement with the National Payment Card System (“NSPK”), owners of the “Mir” card payment system, on collaborating in increasing the use of national card-payment services t...
Wood & NERA Announce New Partnership to Develop World-First Prediction Tool
Australia >> 5/30/2019 - Wood and NERA (National Energy Resources Australia) have announced a new funding partnership arrangement led by Wood, in collaboration with the University of Western Australia (UWA), to support the de...
Atlantic Petroleum Announces Share Suspension
United Kingdom >> 5/26/2019 - The Board of Directors of Atlantic Petroleum has agreed with NASDAQ for a temporary suspension of the company’s shares. The Company advises that Graeme FAWCETT has elected to step down from his positi...
Strategic and Operational Update
Morocco >> 5/22/2019 - Sound Energy, the Moroccan focused upstream gas company, is pleased to provide an update on its strategy and operations. ...
EnscoRowan Awarded USD 180 Million by Arbitration Tribunal
South Korea >> 5/17/2019 - EnscoRowan has announced that an arbitration tribunal has awarded the Company $180 million in damages in its proceedings againstSamsung Heavy Industries, a shipyard in South Korea ('SHI'). Further, th...
Block Energy Completes Placing to Raise GBP 12 Million
Georgia >> 5/17/2019 - AIM-listed Block Energy, the exploration and production company focused on the Republic of Georgia, has completed a placing of 109,090,000 new Ordinary Shares, raising approx. £12 million (before expe...

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