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ADNOC To Raise $2.25B Pre-IPO Loan For Distribution Unit
Monday, November 20, 2017 ADNOC plans to raise a $2.25 billion loan for its distribution unit prior to selling a stake of up to 20%.
Petrobras Seals $1B Financing From Banks, Repays $500MM Debt
Friday, November 17, 2017 Brazilian state-controlled oil company Petroleo Brasileiro secures $1B in financing from a banking syndicate headed by Standard Chartered PLC.
London High Court Judge Rules In Favour Of Creditors In Dana Gas Sukuk Case
Friday, November 17, 2017 A High Court judge in London rules in favour of creditors in a case over the validity of the purchase undertaking for about $700 million of Islamic bonds issued by the UAE's Dana Gas.
Offshore Oil Service Firms Dominate North American Energy Bankruptcies
Thursday, November 16, 2017 Offshore oil drilling and service companies are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone.
Noble Group Shares Drop To Lowest Since 1999 After Co-CEO Quits
Tuesday, November 14, 2017 Shares in Singapore-listed Noble Group tumble as much as 12.7% after Jeffrey Frase resigns as co-chief executive officer.
Russia's Rosneft Says To Invest Over $2 Bln In Egypt's Zohr In 2018-2021
Tuesday, November 14, 2017 Rosneft will invest more than $2 billion in Egypt's Zohr gas field in the next four years, the company says.
British Judge To Issue Ruling On $700MM Dana Gassukuk Case Soon
Monday, November 13, 2017 British High Court judge George Leggatt says he would not further adjourn a trial over about $700 million of outstanding Islamic bonds issued by United Arab Emirates firm Dana Gas.
Oman's Duqm Refinery To Seek $6B Bank Funding Soon - Sources
Monday, November 13, 2017 Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about 2 weeks for the debt financing it needs to back a $6 billion refinery project.
Hurricane Looks for Appropriate Growth Platform, Considers Premium Listing
Thursday, November 09, 2017 Directors believe a premium listing could provide the company with 'a more appropriate platform for its growth'.
UK To Provide Saudi Aramco With $2B Credit Guarantees
Thursday, November 09, 2017 Britain's government says it will provide Saudi Aramco with $2 billion in credit guarantees so that the Saudi energy giant can buy goods and services from Britain more easily.
Hey Oil Companies, Scrap Those Dividends, Canada's Mawer Says
Thursday, November 09, 2017 Oil companies need to stop distributing quarterly dividends, and energy investors need to break their addiction to those payouts.
BP, Shell Lead Plan For Blockchain-Based Energy Trading Platform
Monday, November 06, 2017 A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018.
LSE Has Made Strong Case For Aramco Listing - UK PM's Spokesman
Monday, November 06, 2017 The London Stock Exchange has made a 'very strong case' for oil company Saudi Aramco to list its shares in Britain, a spokesman for Prime Minister Theresa May said.
Dana Gas Is Said to Miss Payment on $700 Million Sukuk Today
Tuesday, October 31, 2017 A Middle Eastern energy company that has questioned the lawfulness of its own sukuk won't settle the debt owed to investors, according to sources.
Venezuela State Oil Company Says It Made Vital Bond Payment
Friday, October 27, 2017 Venezuela's state-run oil company said it transferred the funds to make an $842 million principal payment on its bonds due Friday.
Venezuelan, State Oil Firm Bonds Drop Over Payment Concerns
Thursday, October 26, 2017 Bonds issued by PDVSA drop sharply amid concerns on cash-flow problems and regulatory hurdles.
Saudi Exchange Aims to Be Sole Listing Venue for Aramco Shares
Thursday, October 26, 2017 Saudi Arabia's stock exchange is gunning for the exclusive right to list shares of oil giant Aramco.
Argentina's YPF To Invest $21.5B From 2018 To 2022
Wednesday, October 25, 2017 YPF plans to invest $21.5 billion in the country from 2018 to 2022.
Oil Just Isn't That Important to Petrocurrencies Right Now
Tuesday, October 24, 2017 The currencies of some of the world's biggest crude exporters are breaking their historic relationship with the oil price.
Norway's Seadrill Gets Two Rival Debt Restructuring Proposals
Monday, October 23, 2017 Seadrill receives two additional non-binding proposals from bondholders for a debt restructuring.
Cash-Poor Alaska Eyes Foreign Capital To Jump-Start Energy Projects
Friday, October 20, 2017 Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries.
Iraq Turmoil Threatens Billions in Oil Traders' Kurd Deals
Thursday, October 19, 2017 The crisis unfolding around the Iraqi city of Kirkuk has left some of the world's largest commodity trading houses worried.
Angola Is Not The Next Venezuela, State Oil Firm Says As It Cuts Debt
Wednesday, October 18, 2017 Angola is not the next Venezuela, the head of state oil firm Sonangol says.
Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018
Wednesday, October 18, 2017 Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company.
Kemp: Investors Hit Peak Bullishness On Oil
Monday, October 16, 2017 The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September.
BP Midstream Partners Seeks To Raise Up To $893MM In IPO
Monday, October 16, 2017 BP Midstream Partners says it expects to raise up to $893 million from its initial public offering.
Saudis Said to Weigh Delaying International Part of Aramco IPO
Friday, October 13, 2017 Saudi Arabia is considering selling shares in Saudi Aramco next year while delaying the international portion of the IPO until 2019, according to sources.
BNP to Halt Shale Oil Financing, Expand Funds for Renewables
Wednesday, October 11, 2017 BNP Paribas pledges to stop financing shale and oil sands projects, expanding earlier commitments in support of global efforts to tackle climate change.
Novak: Saudi Arabia, Russia To Set Up $1B Energy Fund
Monday, October 02, 2017 Saudi Arabia and Russia plan to set up a $1 billion fund to invest in energy projects, Russian Energy Minister Alexander Novak said.
Seadrill's Debt Overhaul Faces Creditor Scrutiny
Monday, October 02, 2017 Seadrill's $12.7 billion debt restructuring faces a critical phase as hold-out creditors prepare to challenge the plan put forward by John Fredriksen.
Hess: World Needs New Offshore Oil Investments to Avoid Shortages
Thursday, September 28, 2017 Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said.
Petrobras To Sell $2 Billion In Bonds, Replace Costlier Debt
Monday, September 18, 2017 Petrobras will issue up to $2 billion in new bonds as part of a plan to repurchase shorter-dated, expensive securities
Trafigura CFO Sees Puma Listing Within Five Years
Thursday, September 14, 2017 Puma Energy is likely to become a listed company within the next five years, Trafigura's CFO Christophe Salmon says.
Saudis Are Said to Prep for Possible Aramco IPO Delay to '19
Thursday, September 14, 2017 Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.
BP Files For IPO Of US Midwest, Gulf Coast Pipeline Assets
Monday, September 11, 2017 BP files for an initial public offering of its US Midwest and Gulf Coast pipeline assets.
Will Saudi Aramco Deliver World Record Profit For Next Year's IPO?
Friday, September 08, 2017 When Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2T valuation in its IPO.
BP, Reliance Close in on India Gas Field Near Missile Test Site
Thursday, September 07, 2017 Reliance Industries and its partner BP are reviving investment plans for a gas block close to a military missile launching facility in the Bay of Bengal.
Russia's Novatek Recommends 1H Dividend Of 6.95 rbls Per Share
Friday, August 25, 2017 The board of Russia's largest non-state gas producer Novatek has recommended a first-half dividend payment of 6.95 roubles per share.
China Energy Giant Rewards Investors as Higher Oil Buoys Profit
Thursday, August 24, 2017 PetroChina took a page from the playbook of global peers known for generous dividends by deciding to pay shareholders its entire half-year net income.
Venezuela's Oil Company Says 'Financial Blockade' Hurts Payments
Friday, August 18, 2017 A US-led 'financial blockade' has hurt PDVSA's capacity to collect payment for crude cargoes
Mexico's Cotemar Sees $200MM Investment In Oil Projects By 2018
Thursday, August 17, 2017 Cotemar plans to invest at least $200 million in two oil projects by the end of 2018.
Blackstone Adds $10 Billion in Energy Assets With Harvest Deal
Thursday, August 17, 2017 Blackstone Group LP will add $10 billion in assets by buying energy investor Harvest Fund Advisors.
Kemp: Hedge Funds Gamble For A Third Time On Oil Rebalancing
Monday, August 14, 2017 Hedge fund managers are becoming bullish towards crude oil and refined fuels for the third time this year and must be hoping the signs of market rebalancing are real this time.
Biggest Indian Explorer Is Said to Plan First Ever Borrowings
Thursday, August 10, 2017 Oil and Natural Gas Corp. plans to tap the debt market for the first time, an opportunity that may be hard to pass up for bond bulls.
Gazprom Neft to Borrow $2 Billion Next Year in Bet on Rates
Thursday, August 10, 2017 Gazprom Neft plans to borrow the equivalent of $2 billion next year on the expectation crude markets will stabilize.
Continental Resources CEO: Absolutely No New Debt
Wednesday, August 09, 2017 Continental Resources will fund future wells from cash flow and not take on any new debt, Chief Executive Harold Hamm says.
Rosneft Says Lent Venezuela's State Oil Firm A Total Of $6B
Tuesday, August 08, 2017 Rosneft says it made around $6 billion in pre-payments to PDVSA and had no immediate plans to make any further advance payments soon.
Continental Becomes Latest US Shale Producer To Cut Budget
Tuesday, August 08, 2017 Continental Resources cut its 2017 capital budget, the latest US shale oil producer to cut back on drilling and fracking equipment amid tepid crude prices.
Russian Oil Giant Lends Support to Venezuela Oil Company
Friday, August 04, 2017 Russia's largest oil company disclosed another advance payment to Venezuela's state producer after the US sanctioned President Nicolas Maduro on Monday.
Nigeria's State Oil Company Signs Deals With Chevron, Shell
Thursday, August 03, 2017 Nigeria's state oil company says it signed financing agreements with Chevron and Shell worth at least $780 million.
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