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BP Expects to Take $1.7B Deepwater Horizon Charge
Tuesday, January 16, 2018 BP expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results.

US Warns Investors Over Venezuela's 'Petro' Cryptocurrency
Tuesday, January 16, 2018 "(It) is another attempt to prop up the Maduro regime, while further looting the resources of the Venezuelan people," a Treasury spokesman told Reuters.

Norway's Aker BP Raises 2018 Dividend Forecast, More To Come
Monday, January 15, 2018 Aker BP will pay out $450 million in dividends for 2018, $100 million more than previously indicated.

Aker Completes Senior Unsecured Bond Issue
Friday, January 12, 2018 Oil and gas services company Aker Solutions successfully completes a $188 million (NOK 1.5 billion) senior unsecured bond issue.

Poland's Pgnig Plans To Spend Half Of 2017 Profit On Dividend-CEO
Thursday, January 11, 2018 Poland's dominant gas firm PGNiG plans to spend half of 2017 profit on dividend, CEO Piotr Wozniak told Reuters on Thursday.

Troubled Noble Group Says Goodbye To Global Oil Trading
Wednesday, January 10, 2018 Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter say.

Kuwait Energy In Merger Talks With London-Listed SOCO International
Monday, January 08, 2018 SOCO International evaluating a merger with Middle East oil and gas firm Kuwait Energy.

Big Oil Finds Hurdles in Trump's 'America-First' Tax Plan
Monday, January 08, 2018 For Big Oil, the US tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.




Saudi Arabia Converts Aramco Into Joint-Stock Company Ahead Of Historic IPO
Friday, January 05, 2018 Saudi Arabia changes the status of its national oil giant Aramco to a joint-stock company as of Jan. 1.

Petrobras To Pay $2.95B To Settle US Class Action Over Corruption
Wednesday, January 03, 2018 Petrobras agrees to pay $2.95 billion to settle a US class action brought by investors.

ADNOC Distribution Shares Open Sharply Up After First IPO In 6 Years
Friday, December 29, 2017 Shares of the fuel distribution unit of Abu Dhabi National Oil Co made a strong stock market debut on Wednesday.

Financial Oil Trading Booms, Especially In The United States
Thursday, December 28, 2017 Financial oil trading is booming, hitting records this year, with volumes in US contracts outpacing growth elsewhere on the back of the US shale oil boom.

Gulf Arab Energy Producers Issue Record Debt to Fund Expansion
Thursday, December 28, 2017 Gulf Arab energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans.

Government: Venezuela Oil-Backed Cryptocurrency To Launch In Days
Thursday, December 28, 2017 Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis.

Saudis Seen Counting on 80% Surge in Oil Income to Balance Books
Wednesday, December 27, 2017 Saudi Arabia's plan to erase its budget deficit by 2023 relies on a scenario that would see oil revenue surge by about 80%, according to people with knowledge of the matter.

Hyundai Heavy Plunges by Record on $1.2 Billion Sale Plan
Wednesday, December 27, 2017 Hyundai Heavy Industries fell by a record following its plan to raise about $1.2 billion.

Ukraine's Naftogaz: Court Win Over Gazprom Worth Over $75B
Friday, December 22, 2017 Naftogaz says the total savings from its win over Russia's Gazprom at an arbitration court in Stockholm over natural gas sales will be more than $75 billion.

Genel Energy Bondholders Approve Debt Reduction Plan
Wednesday, December 20, 2017 Genel Energy Plc's bondholders approve its proposal to reduce its bond debt to $300 million from the currently outstanding $421.8 million.

Genel, DNO Confirm KRG Payments
Tuesday, December 19, 2017 Genel Energy plc and DNO ASA receive payment from the Kurdistan Regional Government (KRG) for oil sales during September.

Thai Oil Firm PTTEP Plans Expenditure Of Around $3B In 2018
Tuesday, December 19, 2017 Thai oil company PTT Exploration and Production Pcl plans total expenditure of $3.1 billion in 2018.

Canada Firm Plans $200MM Coin/Share Offering For Oil And Gas
Monday, December 18, 2017 Oleum Capital plans to raise $200 million through what it calls the world's first offering of both shares and cryptocurrency tokens, a senior company executive says.

Transneft Says Its Computers Were Used For Mining Cryptocurrency
Friday, December 15, 2017 Computers at Transneft have been used for the unauthorised manufacture, or 'mining', of the cryptocurrency Monero, a vice-president of the Russian pipeline operator said.

Venezuela's PDVSA Begins Making Delayed Bond Interest Payments
Friday, December 15, 2017 Venezuelan state oil company PDVSA begins the process of making interest payments on four of its bonds.

CEO: Brazil's Petrobras To Announce Revised Capex Plan Next Week
Friday, December 15, 2017 Petrobras will announce a revision to its investment plan by Wednesday or Thursday.

Private Oil Companies To Invest Up To $4.9B In Colombia In 2018
Wednesday, December 13, 2017 Private oil companies in Colombia will invest between $4.5 billion and $4.9 billion next year.

Natgas Producer EQT To Spend $2.4B In 2018
Wednesday, December 13, 2017 EQT says it expects to spend $2.4 billion next year.

Norway Oil Investment To Fall Less Than Expected - Lobby Group
Tuesday, December 12, 2017 Oil and gas investments in Norway are expected to fall for a fourth consecutive year in 2018 but will turn higher in 2019.

Oil, Gas Investment Resources Ramping Up in 4Q
Friday, December 08, 2017 Select energy funds are anticipating a pick-up in investments in 2018.

Britain's Genel Energy Seeks To Cut Bond Debt To $300 Mln
Wednesday, December 06, 2017 Iraqi Kurdistan-focused oil producer Genel Energy plc is seeking to reduce its bond debt to $300 million from the currently outstanding $421.8 million.

Thailand's Gulf Energy Marks Market Debut with 27.8% Jump
Wednesday, December 06, 2017 Gulf Energy Development PCL makes its market debut with shares trading at 27.8 percent above their initial public offer.

Energy Bonds Trade Like Stocks as Wildcatters Get Religion
Wednesday, December 06, 2017 For the first time in months, energy bond and stock investors are both feeling good.

Chinese Firm Rescinds Takeover Offer For Australia's AWE
Tuesday, December 05, 2017 Bid to buy AWE has been formally withdrawn.

Private Equity Firm Blue Water Energy Raises $1.1B For Oil Investment
Monday, December 04, 2017 Blue Water Energy raises $1.1 billion for a fund to invest in oil and gas, the latest sign of growing appetite for the industry as crude prices recover from a downturn.

Vietnam's PV Oil Plans Jan IPO That Aims To Raise At Least $122 Mln
Friday, December 01, 2017 Vietnam state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20% of its shares in an initial public offering (IPO) in January.

Enquest Lenders Relax Debt Terms, Shares Rise
Thursday, November 30, 2017 EnQuest Plc, a North Sea-focused oil producer saddled with $2 billion in debt, says its lenders eased terms on a loan, boosting its shares by as much as 6%.

Tullow Oil Refinances $2.5 Billion Credit Line
Wednesday, November 29, 2017 Africa focused Tullow Oil Plc refinances $2.5 billion of loans borrowed against its oil and gas reserves.

Shell to Cancel Scrip Dividend In 4Q
Tuesday, November 28, 2017 Shell announces the cancellation of its scrip dividend, with effect from the fourth quarter of this year.

Norway's Wealth Fund Says Sale Of Oil Stocks Will Take Years
Tuesday, November 28, 2017 The Norwegian sovereign wealth fund's proposed multi-billion dollar divestment from oil and gas stocks will take many years to complete.

Gulf Energy Raises $733MM, Biggest Thai Corporate IPO In Over A Decade
Wednesday, November 22, 2017 Thailand's Gulf Energy Development Pcl raises $733 million after its initial public offering priced at the top end of expectations.

Trafigura's Purchases From State Oil Firms Rose In 2016 - Report
Wednesday, November 22, 2017 Trafigura's aggregate direct purchases of crude, refined products and natural gas from national oil companies rose in 2016 to a third of its traded volumes.

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.

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