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Vast & Niko Enter Into Financing Agreement in Iraq
Iraq >> 9/29/2011 - Vast Exploration Inc. announces that it has entered into an Encumbrance for Financing Agreement (Financing Agreement) with Niko resources (Kurdistan) Ltd. (Niko) in regard to the Qara Dagh Block in Ku...
Fully Subscribed US$ 200.00 Million Placing
Iraq >> 9/20/2011 - Gulf Keystone is pleased to announce that it has successfully raised through Mirabaud Securities LLP gross proceeds of US$200,000.000 through a conditional oversubscribed placing of 91,120,000 new Com...
Uganda MPs Demand Special Session over Oil Tax Row
Uganda >> 9/19/2011 - Ugandan legislators want the speaker to call an emergency session of the house to discuss a government dispute with Britain's Heritage Oil over tax payments, an opposition MP said. The East African co...
Nord Stream Seeks Amendment of Phase I Pricing Levels
Russia >> 9/13/2011 - Nord Stream has approached its lenders seeking an amendment to the pricing of the 3.9 billion euros Phase I project finance facilities in order to ensure a more favourable financing package for the ov...
Six Firms Approved to Iraq Fourth Bid Round
Iraq >> 9/8/2011 - Iraq has approved six more energy companies to participate in its 4th energy auction, raising the number of pre-qualified bidders to 46, a senior oil ministry official said. The auction for 12 new exp...
Kosmos Energy to List in Ghana by End of Year
Ghana >> 9/7/2011 - Kosmos Energy , which plans to list in Ghana to raise some $50 million for development in the West African country, is on track to join the bourse by the end of the year, Ghana's capital markets regul...
Iraq Bars Hess from Auction over Kurdish Deals
Iraq >> 9/5/2011 - Iraq's Oil Ministry has excluded U.S oil firm Hess Corp from competing in its 4th energy auction because the company signed deals with Iraq's northern Kurdish region, a senior Iraqi oil official said....
Saudi Aramco, Total appoint three banks for sukuk
Saudi Arabia >> 8/14/2011 - The Capital Market Authority (CMA)’s Board has issued its resolution number 2-25-2011 approving the public offering of sukuk certificates by Arabian Aramco Total Services Company (AATSC), a company es...
Ghana to Borrow $800 Mln from China to Develop Gas
Ghana >> 8/12/2011 - Ghana will borrow $800 million from the state-owned China Development Bank to develop its natural gas infrastructure and the first gas could be expected by the end of 2012 or early 2013, the head of t...
First Day of Trading on the Ghana Stock Exchange
Ghana >> 7/27/2011 - Further to the announcement made on 21 July 2011, Tullow Oil plc confirms that 3,531,546 ordinary shares of 10p each in the capital of Tullow have been admitted to the official list of the UK Listing ...
Total Sees $10 Billion Needed for Congo Project
Congo >> 7/24/2011 - French oil major Total SA estimates an investment of $10 billion is needed to develop the Moho Bilondo Nord offshore project in Congo Republic, its chief executive has been quoted as saying. "The Moho...
Successful Tullow Share Offer on Ghana Stock Exchange
Ghana >> 7/22/2011 - Tullow Oil plc is pleased to announce that it has allotted 3,531,546 ordinary shares of 10p each in the capital of Tullow (Shares), which rank pari passu with the existing Shares in issue, pursuant to...
Iraq May Increase Proven Crude Reserves by 21%
Iraq >> 7/16/2011 - Iraq may raise its proven oil reserves by 21 percent after adding those from the semi- autonomous Kurdish region, Hussain al-Shahristani, deputy prime minister for energy affairs, said today. Iraq’s o...
BG Group Signs New Agreement with Bank of China
China >> 6/27/2011 - BG Group and Bank of China signed a key cooperation agreement that enhances the existing close working relationship between the organisations and also allows for up to $1.5 billion of new funding opti...
Iran to Issue €2.7 Billion Bonds for South Pars Field
Iran >> 6/14/2011 - The first batch of oil industry’s foreign exchange bonds for current Iranian calendar year (started March 21), worth 2.7 billion euros, will be offered next week through branches of three domestic ban...
APICORP Increases Subscribed Capital to $ 1.5B
Saudi Arabia >> 5/31/2011 - In a strong endorsement of its performance from member states, the Arab Petroleum Investments Corporation’s (APICORP) Extraordinary General Assembly meeting held in Cairo on Sunday unanimously decided...
Severneftegazprom Accomplishes Fundraising for Yuzhno-Russkoye
Russia >> 5/25/2011 - A fundraising deal totaling EUR 1.1 billion was financially closed for the Yuzhno-Russkoye oil, gas and condensate field development project owing to the long-term joint efforts of Severneftegazprom a...
Isramco Secures $750 Mln in Loans for Gas Field
Israel >> 5/16/2011 - Oil and gas exploration company Isramco Negev said it has secured two loans worth a total of $750 million from Deutsche Bank and other groups to push ahead with work at the Israeli offshore natural ga...
OGX Intensifies Appraisal Campaign of its Discoveries
Brazil >> 5/6/2011 - OGX, an oil and gas company which is part of the EBX Group, owned by entrepreneur Eike Batista, closed the first quarter of 2011 with investments of R$ 679 million in its exploration and production (E...
ShaMaran to Raise $50.4 Million Private Placement
Iraq >> 4/19/2011 - ShaMaran Petroleum Corp. reports that it intends to sell on a non-brokered, private placement basis, an aggregate of up to 56 million common shares of the Company at a price of $0.90 per share to elig...

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