Financials and Investment News

Cuba Funding Received
Cuba >> 10/22/2020 - Melbana Energy Limited has now received payment in full for its Past Costs (~A$5.7 million), as required under the Farm-in Agreement for Block 9 PSC1. Funds called to date to meet 2020 expenditure req...
Eni is Among the 10 Top Performer Companies for Sustainability Reporting
Italy >> 10/21/2020 - Eni has been included, for the second year in a row, among the 10 companies with the best sustainability reporting in the World Business Council for Sustainable Development (WBCSD)'s analysis.

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Enagás Achieves Results in Line with Targets Set for the Financial Year
Spain >> 10/21/2020 -  In the first nine months of 2020, Enagás generated a net profit of 348.9 million euros, 4.7% more than in the same period last year. This result, which is in line with the targets set for the whole y...
Pacific Drilling Announces Denial of Permission to Appeal Zonda Arbitration Decision
Germany >> 10/20/2020 - Pacific Drilling S.A. announced that the High Court in London has denied the application of the Company’s subsidiaries Pacific Drilling VIII Limited (“PDVIII”) and Pacific Drilling Services, Inc. (“PD...
EMGS Reports Multi Client Revenue
Norway >> 10/19/2020 - Electromagnetic Geoservices ASA ("EMGS") has entered into late-sales multi-client licensing agreements related to its existing multi- client library in Norway. These agreements represent combined reve...
EXMAR Reaches Settlement Agreement with YPF
Argentina >> 10/19/2020 - EXMAR has reached a settlement agreement with YPF S.A. over the dispute under the TANGO FLNG Agreements (as announced on 25 June 2020), effective as of today. ...
Rolls-Royce Prices £2B Equivalent Senior Notes Offering
United Kingdom >> 10/15/2020 - Rolls-Royce Holdings plc announces that it has successfully priced an offering (the "Bond Offering") of three tranches of senior unsecured notes denominated in US dollars, euros and sterling (collecti...
Dana Gas Signs US$90M Credit Facility with Mashreq Bank
United Arab Emirates >> 10/15/2020 - Dana Gas PJSC, the Middle East’s leading regional private sector natural gas company, has entered into a US$90 million corporate facility from Mashreq Bank, which is one of the leading financial insti...
Warrego Raises $32M via Two-tranche Placement
Australia >> 10/14/2020 - Warrego Energy has received firm commitments for a $32.0million two-tranche Placement to institutional and sophisticated investors at an offer price of $0.21per fully paid ordinary new share.

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Maersk Upgrades Expectations for Q3 and 2020 Full Year Guidance
Denmark >> 10/13/2020 - A.P. Moller - Maersk is changing its full-year guidance for 2020 based on preliminary Q3 figures and the current outlook for Q4.

Søren Skou, CEO of A.P. Moller - Maersk says:

“A...
Kosmos Completes Reserve Based Lending Facility
Ghana >> 10/13/2020 - Kosmos Energy has successfully completed the re-determination of its reserve based lending credit facility (“RBL”).

During the September re-determination, the Company’s lending syndicate ap...
ECV Selects Deutsche Bank AG as Debt Financing Advisor
Vietnam >> 10/13/2020 - Energy Capital Vietnam (ECV), a US-based project holding and development company established to serve as a platform for private investment into Vietnam, has selected Deutsche Bank AG to serve as its d...
Invictus to Commence Field Operations
Zimbabwe >> 10/12/2020 - Invictus Energy Limited is set to commence a field reconnaissance program in the next fortnight and has completed a further placement for the equivalent of AUD$220k at a share price of $0.066 with the...
Wood Extends Principal Bank Debt Facility to May 2023
Scotland >> 10/9/2020 - Wood announces the extension of its revolving credit facility to May 2023. Recognising the Company’s lower debt requirement against a backdrop of considerable financial headroom and liquidity, the cur...
TGS Provides Q3 2020 Revenue Update
United States >> 10/8/2020 - Based on preliminary reporting from operating units, TGS management expects net segment revenues for the third quarter of 2020 to be approximately USD 81 million. ...
Plains All American Pipeline and Plains GP Holdings Announce Distributions
United States >> 10/8/2020 - Plains All American Pipeline, L.P. and Plains GP Holdings announced their quarterly distributions with respect to the third quarter of 2020. ...
OKEA Provides Update on Yme New Development Project
Norway >> 10/7/2020 - The Norwegian Government published the Proposed National Budget which includes an updated investment estimate for the Repsol-operated Yme New Development project. OKEA has previously provided market u...
Covid-19 Pandemic Drives Cost Increases for Projects Under Development
Norway >> 10/7/2020 - Equinor is the operator of 20 projects under development on the Norwegian continental shelf, or at Norwegian onshore plants. The Covid-19 pandemic and weakened Norwegian krone have negatively impacted...
Investment Facility - Second Closing
United Kingdom >> 10/6/2020 - Solo, the AIM investing company targeting attractive production and development opportunities within the European energy market, is pleased to announce the completion of the second closing under its p...
Kosmos Energy Strengthens Liquidity Position with Closing of $200M GoM
United States >> 10/5/2020 -  Kosmos Energy (KOS) (“Kosmos”) announced today that it has closed a Gulf of Mexico facility with Beal Bank USA and Trafigura Trading LLC (“Trafigura”).

Kosmos has restructured its previou...

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