Finance
![Finance](/cache/01-19/SERVICE-1.6afff988.jpg)
2019, January, 4, 11:40:00
OFFSHORE OILFIELD SERVICES - 2019: $210 BLN
MEOG - An expected $210bn will be spent on offshore oilfield services globally next year, according to Rystad Energy’s latest project sanctioning report. Offshore contractors have experienced four consecutive years of declining revenues, but those still standing can expect revenues to start growing again next year.
![Finance](/cache/12-18/ANGOLA-8.42f65afc.jpg)
2018, December, 29, 13:55:00
IMF FOR ANGOLA: $3.7 BLN
IMF - The oil endowment allowed Angola to rebuild critical infrastructure, and progress has also been achieved in reducing poverty. Still, much remains to be done to reduce the economy’s dependence on oil and its vulnerability to oil price fluctuations so that enough resources can be made available to improve living standards for all the Angolan people.
![Finance](/cache/12-18/GAZPROM-222.763d64f4.jpg)
2018, December, 27, 17:35:00
GAZPROM'S INVESTMENT RUB 1,325.724 BLN
GAZPROM - Pursuant to the investment program for 2019, the overall amount of investments will stand at RUB 1,325.724 billion, with RUB 963.019 billion intended for capital investments, RUB 151.505 billion for the acquisition of non-current assets, and RUB 211.2 billion for long-term financial investments.
![Finance](/cache/12-18/PRICE-539.1788672e.jpg)
2018, December, 26, 07:25:00
OPEC: 26 MBBL SURPLUS
AN - “Based on available figures, we have around 26 million barrels of surplus ... compared to 340 million barrels in early 2017,” Al-Mazrouei told a press conference in Kuwait City.
![Finance](/cache/12-18/PRICE-536.749f2b90.jpg)
2018, December, 26, 07:15:00
IRAN'S BUDGET $47 BLN
AN - Rouhani gave the value of the draft budget at about 4,700 trillion rials for the next Iranian year which starts on March 21, 2019
He said US sanctions would affect Iranians’ lives and growth but not bring the government to its knees
![Finance](/cache/12-18/SAUDI-111.734bbc67.jpg)
2018, December, 24, 11:45:00
SAUDIS BUDGET 2019: $295 BLN
MEOG - Saudi Arabia's Council of Ministers approved its 2019 budget, the largest in the Kingdom's history. It has planned to spend $295bn in the coming year, and estimates revenue at $260bn. Deficit is therefore estimated at $35bn, down 32% from the expected deficit for 2018, $52bn. Actual deficit in 2018 sat at $36.2bn.
![Finance](/cache/12-18/UKRAINE-51.0f8ea2fe.jpg)
2018, December, 24, 11:35:00
IMF, UKRAINE ARRANGEMENT: $3.9 BLN
IMF - The Executive Board of the International Monetary Fund (IMF) today approved a 14-month Stand-By Arrangement (SBA) for Ukraine. The arrangement amounts to the equivalent of SDR 2.8 billion (about US$3.9 billion, 139 percent of quota). The Board also took note of Ukraine’s decision to cancel the arrangement under the Extended Fund Facility for Ukraine that was approved on March 11, 2015.
![Finance](/cache/12-18/PAKISTAN-15.074a7d31.jpg)
2018, December, 24, 11:30:00
UAE HELP PAKISTAN $3 BLN
AN - The United Arab Emirates plans to deposit $3 billion in Pakistan's central bank "in the next few days", the UAE state news agency WAM reported on Friday, while a Pakistani official said Islamabad also hopes it will allow deferred payments for oil supplies.
![Finance](/cache/12-18/ADNOC-16.cb3f3972.jpg)
2018, December, 24, 11:25:00
OMV, ADNOC CONCESSION: 5%
ADNOC - The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Austria's OMV a 5 percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nasr, Sarb and Mubarraz sour gas fields.
![Finance](/cache/12-18/usa-880.b5bd9173.jpg)
2018, December, 24, 11:20:00
U.S. GDP UP 3.4%
U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the third quarter of 2018, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.2 percent.
![Finance](/cache/12-18/PRICE-527.af9aa8a6.jpg)
2018, December, 21, 14:35:00
SAUDIS NEED $84
PLATTS - Saudi Arabia will require oil prices higher than $84/b to avoid running another deficit, analysts warned after the kingdom announced on Tuesday record government spending in its state budget for 2019.
![Finance](/cache/12-18/SAUDI-110.afcb3dbc.jpg)
2018, December, 21, 14:30:00
INVESTMENT FOR SAUDIS: DOUBLED
REUTERS - Foreign investment in Saudi Arabia more than doubled in 2018 to 13 billion riyals ($3.5 billion), its economy and planning minister said on Wednesday, despite a global furor following the murder of journalist Jamal Khashoggi in October.
![Finance](/cache/12-18/USA-878.2b489990.jpg)
2018, December, 21, 14:15:00
U.S. DEFICIT UP TO $124.8 BLN
U.S. BEA - The U.S. current-account deficit increased to $124.8 billion (preliminary) in the third quarter of 2018 from $101.2 billion (revised) in the second quarter of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.4 percent of current-dollar gross domestic product (GDP) in the third quarter, up from 2.0 percent in the second quarter.
![Finance](/cache/12-18/novatek-25.e66653fc.jpg)
2018, December, 21, 14:00:00
NOVATEK, SACE STRATEGIC COOPERATION
NOVATEK - PAO NOVATEK ("NOVATEK" and/or the "Company") and SACE (CDP Group) signed a Memorandum on Strategic Cooperation (“Memorandum”) in relation to the Company's current and future LNG projects. The parties agreed to develop long-term cooperation on the Arctic LNG 2 project and potential new LNG projects involving Italian suppliers and engineering companies.
![Finance](/cache/12-18/novatek-24.4ab5c1fa.jpg)
2018, December, 21, 13:55:00
SAIPEM, RENAISSANCE IN RUSSIAN LNG
SAIPEM - Saipem, in Joint Venture with Renaissance, a Turkish oil&gas services company, has been awarded a new Onshore E&C project in the Russian Federation worth 2.2 billion Euro overall. As leader of the JV, with a shareholding of 50%, Saipem’s portion of the total amount is therefore approximately 1.1 billion Euro.