Archive for News analysis

Aker Solutions Successfully Complete Bond Issue

Aker Solutions Successfully Complete Bond Issue

May 22, 2019 No Comments

Reference is made to the announcement on May 14, 2019. Aker Solutions ASA has today successfully completed a NOK 1,000 million senior unsecured bond issue with maturity in June 2024. The bond issue was considerably oversubscribed. The bonds will have a coupon of 3 month Nibor + 3.00% p.a., and will be applied for listing […]

African ministers to use Africa Oil Week Summit to discuss national strategies

African ministers to use Africa Oil Week Summit to discuss national strategies

May 21, 2019 No Comments

Seventeen Ministers from Africa’s largest energy producing nations, including countries such as Nigeria, Equatorial Guinea and Tunisia among others, have agreed to meet in Cape Town at Africa Oil Week (AOW) (www.Africa-OilWeek.com), taking place from 4-8 November 2019 to broker new partnerships for their energy sectors. The ministers will be using Africa Oil Week Summit […]

Energy Investments pick up in Angola’s Oil Sector

Energy Investments pick up in Angola’s Oil Sector

May 21, 2019 No Comments

Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country’s oil and gas sector. The ambitious reform agenda of President João Laurenço and that of the Minister of Mineral Resources and Petroleum, Dr. Diamantino Pedro Azevedo, has already […]

Dolphin Drilling Announce Resignation of board members

Dolphin Drilling Announce Resignation of board members

May 21, 2019 No Comments

Anette E. Olsen and Richard Olav Aa have given notice of their resignations from the board of Dolphin Drilling ASA with effect from 23 May 2019 at 09.00 hrs. Source / More : Dolphin Drilling ASA Oil and Gas News Undiluted !!! “Oil is well” Please email us your industry related news for publication info@OilAndGasPress.com […]

BP statement on Greenpeace protests in London

BP statement on Greenpeace protests in London

May 21, 2019 No Comments

BP has responded to the Greenpeace protests in London yesterday. We welcome discussion, debate, even peaceful protest on the important matter of how we must all work together to address the climate challenge, but impeding safe entry and exit from an office building in this way is dangerous and clearly a matter for the police […]

Oil Market remaining calm – IEA Reports

Oil Market remaining calm – IEA Reports

May 17, 2019 No Comments

The ongoing geopolitical supply concerns around Libya, Iran, and Venezuela have been joined in the past few days by the attacks on shipping off Fujairah and on two pumping stations in Saudi Arabia. At the time of writing, there is no disruption to oil supplies and prices are little changed. The IEA is monitoring the […]

Egypt’s Extended Fund Facility

Egypt’s Extended Fund Facility

May 17, 2019 No Comments

The IMF mission reached a staff-level agreement with the Egyptian authorities for the completion of the fifth and the final review of Extended Fund Facility. •           Prudent monetary and fiscal policies and a flexible exchange rate have underpinned macroeconomic stabilization and strengthened Egypt’s resilience to external shocks, while social protection measures have helped ease the burden […]

Equinor  ex dividend Update

Equinor ex dividend Update

May 17, 2019 No Comments

From 16 May 2019, the shares in Equinor (OSE:EQNR) on Oslo Stock Exchange (Oslo Børs) will be traded ex dividend at USD 0.26. From 17 May 2019, the rights under the American Depository Receipts (ADRs) program in Equinor (NYSE: EQNR) on New York Stock Exchange will be traded ex dividend at USD 0.26 On 15 […]

Schlumberger Selects Google Cloud as a Preferred Cloud Provider

Schlumberger Selects Google Cloud as a Preferred Cloud Provider

May 16, 2019 No Comments

Schlumberger announced that it has renewed and significantly expanded its agreement with Google Cloud to develop cloud-native E&P applications to help its customers derive actionable insights from data and harness the power of Google’s cloud infrastructure and artificial intelligence (AI) capabilities. Schlumberger has deployed its oil and gas petrotechnical software suite, including WesternGeco Omega* geophysical […]

Minority-Owned U.S. Energy Supplier of the Year 2019

Minority-Owned U.S. Energy Supplier of the Year 2019

May 15, 2019 No Comments

HIC Energy said that it has been named 2019 Best Minority-Owned Energy Supplier of the Year by the Md. Washington Minority Companies Association. Md. Washington Minority Companies Association Names HIC Energy Best Minority-Owned Energy Supplier of the Year 2019 Recognizes HIC Energy’s rapid growth an market share in such a short period of time Achievements […]

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