2016, October, 4, 18:45:00HEALTHY RUSSIAN OIL
Russian oil production continuing its slow climb for at least the next five years.
2016, October, 4, 18:35:00IMF SELLS TO IRAN
The upcoming IMF bank resolution workshop provides an opportunity to discuss options to address NPLs. The IMF is ready to provide further assistance to define and implement a financial sector reform plan.
2016, October, 4, 18:30:00PEMEX DEBT UP
The two bonds, valued at USD 2 billion each and issued in a financial operation that started early in September, will carry maturities of seven and close to 31 years. They pay yields of 4.62% and 6.75%, respectively, according to Pemex CFO Juan Pablo Newman. Now with greater maturity, Pemex’s repurchased debt, which was due to mature in 2018 and 2019, has reduced the risks of the company’s debt portfolio.
2016, September, 30, 18:30:00UK'S OIL COLLAPSE
"The UK continental shelf is in urgent need of fresh investment to boost exploration and drive activity, particularly for the supply chain," Oil and Gas UK chief executive Deirdre Michie said, going on to call for additional government efforts to encourage investment.
2016, September, 29, 18:35:00MALAYSIAN - CANADIAN LNG: $27 BLN
Petronas, Malaysia’s state-owned oil and gas group, has gained approval from the Canadian government for a controversial $27bn liquefied natural gas project — but said it would have to consider the environmental conditions attached before deciding to proceed.
2016, September, 29, 18:30:00IMF BOUGHT UKRAINE FOR U.S.
as you work to curb corruption, improve tax administration, strengthen intellectual property rights protection, modernize Ukraine’s Customs Service, and complete land reform legislation.
2016, September, 28, 18:30:00WEATHERFORD PAYS $140 MLN
The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. Two of the company’s senior accounting executives at the time have agreed to settle charges that they were behind the scheme.
2016, September, 26, 18:55:00RUSSIA NEEDS MONEY
Russia's oil taxes are already among the highest in the world.
2016, September, 26, 18:35:00U.S. JOBS: 4.3 MLN
An analysis by the U.S. Chamber of Commerce found that the natural gas revolution generated more than 4.3 million jobs and injected nearly half a trillion dollars into the economy. It also determined that all those jobs would have been lost had the so-called “Keep it in the Ground” movement succeeded in suffocating the oil revolution.
2016, September, 22, 18:35:00IMF BOUGHT IRAQ
“The Managing Director welcomed the Iraqi authorities' economic program, which is being supported by a $5.34 billion Stand-By Arrangement (SBA) from the Fund approved in July 2016. The Managing Director and the Prime Minister exchanged views on how the SBA can help Iraq address the shocks posed by violent attacks and the drop in global oil prices. The Managing Director reiterated the importance of strong commitment to sound policies and decisive action on key reforms that are crucial to yield the largest gains for Iraq’s population.”
2016, September, 21, 18:35:00CONOCO SELLS INDONESIA
US major ConocoPhillips will sell its 40% operating interest in the South Natuna Sea oil and gas production-sharing block B to Indonesian player Medco Energi, the latter announced on Monday.
2016, September, 21, 18:30:00PETROBRAS CUTS 25%
Petróleo Brasileiro SA, as Petrobras is formally known, pledged up to $74.1 billion in capital spending for the 2017-2021 period compared with a $98.4 billion target in the prior four-year 2015-2019 plan, according to a securities filing.
2016, September, 19, 18:35:00EBRD BOUGHT BULGARIA
President Chakrabarti welcomed Bulgaria’s recent actions to strengthen the stability of its financial sector and promote the liberalisation of the energy market. He reconfirmed the EBRD’s commitment to support these reforms with investment and technical advice.
2016, September, 16, 18:00:00IMF BOUGHT AZERBAIJAN
Executive Directors welcomed the steps the authorities have taken to adjust to the decline in oil prices and weaker growth in trading partners. However, they noted that the difficult external environment could hamper macroeconomic outcomes in the near term. While Azerbaijan’s policy buffers remain substantial, the balance of payments, fiscal position, and banking system would likely remain under pressure as the economy continues to adjust. Accordingly, Directors stressed the need to press ahead with reforms to secure macroeconomic and financial stability and promote a diversified and private sector-led economy.
2016, September, 15, 18:40:00UNSTABLE OIL PRICES
The collapse of oil prices has forced Canadian and global producers to slash costs and curtail investment over the past two years. Even after a rebound from a 12-year low earlier this year, oil futures in New York are still about 60 percent down from their 2014 peak. Prices have been mostly stuck in the $40-$50 range for the past four months.