Category: Financial

São Tomé rejects bids from Brazil’s Petrobras and Nigeria’s Oranto after generous offshore oil auction fails to attract enough competition

July 16 (africa.businessinsider.com) An African island nation offered oil companies control of as much as 85% of three offshore blocks. Only two investors came forward. São Tomé and Príncipe has now reportedly rejected every bid submitted in its latest licensing round, delivering another setback to the Central African country’s decades-long search for a commercially viable... Continue Reading →

0

Guyana earns almost US$2B from oil in first half of 2026

July 8 (oilnow.gy) Guyana received just under US$2 billion in petroleum revenues during the first six months of 2026, according to official notifications published in the Official Gazette. The two Gazette notifications show that US$1.996 billion was deposited into the Natural Resource Fund (NRF) between January and June through profit oil and royalty payments generated... Continue Reading →

0

Petrobras signs $58 million deal with Brazil regulator to bring wells into compliance

July 7 (Reuters) - Brazilian ​state-run oil firm Petrobras (PETR3.SA), opens new tab ‌signed an agreement with regulator ANP committing to bring 335 temporarily ​abandoned offshore wells into compliance with ​safety and environmental rules, ⁠both parties said in ​separate statements on Tuesday. Under ​the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ​ANP, and... Continue Reading →

0

Nauticus Robotics Eliminates $4m Debt

June 30 (OE) Houston-based Nauticus Robotics has strengthened its balance sheet through a debt-for-equity exchange that eliminates approximately $4 million in outstanding debt while increasing shareholders' equity. The company announced June 30 that an existing lender agreed to convert approximately $4.0 million in outstanding indebtedness and accrued interest under Nauticus' Senior Secured Term Loan Agreement... Continue Reading →

0

China debt seen as major hurdle in Venezuela’s bid to restructure US$150B+ liabilities – S&P Global

June 23 (oilnow.gy) Venezuela’s efforts to restructure more than US$150 billion in sovereign and oil company debt could improve investor confidence in its energy sector, but obligations to China may complicate any final agreement, according to experts interviewed by S&P Global. The June 12 report noted that Venezuela’s total external debt is estimated at between... Continue Reading →

0

Blog at WordPress.com.

Up ↑