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Jupiter Energy & Waterford Enter into a Unsecured Loan Agreement
Kazakhstan >> 10/7/2014 - The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM and KASE, announces that it has entered into a unsecured loan agreement with Waterfor...
Egyptian Government Pays $350 million to BG Group
Egyptian Government Pays $350 million to BG Group Egypt >> 10/6/2014 - Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc, a world leader in exploration and LNG, has received a $350 million payment. This ...
Colombia's Oil Sector Rejects Proposed Tax Reform
Colombia >> 10/4/2014 - Colombia's oil sector hit out at a proposed tax reform that the government has presented to Congress, arguing that higher duties on corporate earnings would damage the already troubled driver of the e...
Shawcor Ltd. Completes $30m Over-Allotment Option Associated
Canada >> 10/3/2014 - ShawCor Ltd. has successfully closed the $30,030,375 over-allotment option from its previously announced $200 million bought deal prospectus offering, which closed September 19, 2014. ...
Authority Signs LE10b Loan to Repay Foreign Companies
Egypt >> 10/2/2014 - Five banks granted the Petroleum Authority the biggest loan in the history of the Egyptian banking system worth LE10 billion to repay its debts to foreign companies and meet consumer needs. ...
US Stock Movements in September 2014
US Stock Movements in September 2014 United States >> 10/1/2014 - Preliminary data for August shows that total commercial oil stocks rose by 3.7 mb, reversing the drop of last month, to stand at 1,124.4 mb, the highest level since September 2013. At this level, they...
Range Secures up to US$15m Loan Financing
Trinidad and Tobago >> 9/30/2014 - Range has signed a loan agreement for up to US$15 million in medium-term financing with Lind Asset Management, LLC, a New York-based institutional investor managed by the Lind Partners, LLC (together,...
Oman Oil Inks $1.85b Corporate Revolving Credit Facility
Oman Oil Inks $1.85b Corporate Revolving Credit Facility Oman >> 9/28/2014 - Oman Oil Company S.A.O.C. (OOC), the Sultanate’s energy investment arm, signed a $1.85 billion Revolving Credit Facility (RCF) with 16 local, regional and international banks. The transaction was well...
Mexico to Merge Tenders and Joint Venture for Oil Opening
Mexico >> 9/26/2014 - Mexico will seek joint ventures for state oil company Pemex at the same time it invites bidding from companies on oil fields during a historic opening of the industry to private investment, the govern...
Plummeting Oil Prices not a Matter of Concern
Algeria >> 9/18/2014 - Minister of Energy Youcef Yousfi said Tuesday that oil prices, which have been sharply falling since June, "are not a matter of special concern" to producing countries. ...
Argentina Agrees Draft Energy Law for Foreign Investment
Argentina >> 9/17/2014 - Argentina's federal government had reached a preliminary agreement with provinces to reform energy regulations and improve incentives to lure the foreign investors needed to develop its vast shale oil...
PTTEP to Spend $1b for Mozambique Project in Next 5-6Y
Mozambique >> 9/15/2014 - Thailand's top oil and gas explorer, PTT Exploration an Production Pcl, said it planned to spend up to $1 billion for a Mozambique project over the next five to six years starting from 2015. ...
China Stock Movements in September 2014
China Stock Movements in September 2014 China >> 9/15/2014 - The latest information for July showed that Chinese total oil commercial inventories rose by 11.7 mb, reversing the drop of last month. At 407.3 mb, Chinese inventories were 35 mb above last year at t...
Kuwait's KNPC Names NBK Finance Advisor for $12 bln Refinery Upgrade
Kuwait >> 9/14/2014 - Kuwait National Petroleum Co (KNPC) has chosen National Bank of Kuwait's investment banking arm to advise it on financing options for its multi-billion-dollar Clean Fuels Project, the bank said. ...
SIBUR Wins the Downstream Company of the Year
Russia >> 9/11/2014 - SIBUR was named Downstream Company of the Year in the annual Petroleum Economist Awards (United Kingdom). ...
Stock Movements - September 2014
Austria >> 9/10/2014 - OECD commercial oil stocks rose by around 20.0 mb to stand at 2,690 mb in July, but remained 37.0 mb below the five-year average. Crude indicated a surplus of 22.2 mb, while product stocks showed a ...
Sanctions No Obstacle to Iran-Russia Energy Ties
Iran >> 9/10/2014 - US and European sanctions against Russia will not affect Moscow’s energy cooperation with Tehran, Russian Minister of Energy Alexander Novak said. ...
SOCAR’s Payments for August 2014
Azerbaijan >> 9/8/2014 - SOCAR paid AZN 149 million 138 thousand to the State Budget for August of the current year that is AZN 18 million 858 thousand (114,5 %) more than the payments for the same period of 2013. For January...
IFC Signs MoU with VRA for Power Projects in Ghana
Ghana >> 9/8/2014 - IFC, a member of the World Bank Group has signed a Memorandum of Understanding with the Volta River Authority (VRA), Ghana’s national power generation utility, to support private sector investment in ...
Russia's PM Signals $40bn State Help for Rosneft Possible
Russia >> 9/8/2014 - Russian Prime Minister Dmitry Medvedev said that the state oil champion Rosneft, in need of funds to service its huge debt, may receive 1.5 trillion roubles ($40.6 billion) from state coffers over tim...

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