Posts Tagged ‘egyptian’
Oil slips after Israel/Hamas cease-fire reportNEW YORK -- Crude-oil futures turned modestly lower Wednesday after Reuters reported that cease-fire agreement has been reached between Israel and Hamas, but a surprise decline in last week's U.S. crude inventories kept declines at a minimum.January crude oil (CLF3
RWE Dea awarded new concession in EgyptRWE Dea has been awarded a new offshore concession in Egypt, East Ras Budran Offshore. The block was offered in the International Bid Round 2011 of the EGPC.The concession East Ras Budran Offshore was awarded to RWE Dea as operator with 80% share. It
The company’s stock took a beating last week after it warned of lower-than-expected production next year mainly due to issues at Brazilian and Egyptian plays.However, shares began to nudge up slightly on Monday morning after BG revealed it had inked a new five-year syndicated committed facility.
Sharjah-based Dana’s $1 billion sukuk facility expired on Wednesday night without the company paying it off fully.In a statement on Thursday, Dana said it was in discussions with bondholders to amend and extend the facility, blaming “recent liquidity challenges that have emerged as a result of challenging external