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News Date
S&P analysts see $55/bbl Brent & $50 WTI next year
S&P analysts raised their expectations for Brent crude oil in 2018 to $55 a barrel on Nov. 24 and said that a $6.00/bbl spread between Brent and West Texas Intermediate (WTI) crude oil prices as of...
Dec 07, 2017
Oil doing anything but winding down as year closes
It's been a tumultuous month for Venezuela and an uneasy one for those holding the country's and PDVSA's debt. There is a likelihood that both would default on more debt and the cryptocurrency its...
Dec 07, 2017
People and Companies - December 07, 2017
Ørjan Svanevik, chairman of Archer and a director at SeaDrill, has resigned his position at both companies. Neither company gave a reason for the resignation. Archer said a new chairman would be...
Dec 07, 2017
Kenya considers selling off part of NOC in IPO for $1.0B
The government of Kenya is considering plans to list a portion of the National Oil Company of Kenya publicly to raise funds for oil and gas operations. The company would not confirm any of the...
Dec 07, 2017
Nigeria’s NOC looking for $5.0B in cash for oil deals
The Nigerian National Petroleum Corp. launched a request for proposals in its quest for a loan between $3.5-5.0 billion that it could pay back in crude over the next five to seven years, and hired...
Dec 07, 2017
Ophir kicking other tires for $2.0 billion Fortuna funds
Ophir Energy will put off a final investment decision on the proposed $2.0 billion Fortuna floating LNG project in the water of Equatorial Guinea until early 2018, allowing it to look at options to...
Dec 07, 2017
Sasol signs $3.9 billion revolving credit facility
Sasol replaced an existing $1.5 billion revolving credit facility with a new $3.9 billion with a 17-bank syndicate that gave it a three-year term with two one-year extensions. The South African...
Dec 07, 2017
Tlou going for third listing, raising $3.18MM in Botswana
AIM- and ASX- listed is applying for listing to the Botswana Stock Exchange in order to accept financing from investment funds managed by one of the country’s biggest asset managers African Alliance...
Dec 07, 2017
Tullow refinances $2.5 billion RBL, cuts back revolver by 25%
Tullow Oil PLC completed the refinancing of its $2.5 billion reserves-based lending facility on Nov. 28 after launching the loan in early October. The new credit facilities are split between a...
Dec 07, 2017
PTT divests completely from refiner Star Petroleum for $112.6MM
Thai oil and gas conglomerate PTT earned THB 3.7 billion ($112.6 million) from selling out its entire 5.41% stake in Star Petroleum Refining Co., a move aligned with management’s 2015 strategy to...
Dec 07, 2017

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