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Total Lauds Latest QP Tie Ups
...ighboring blocks 2913B and 2912. QP will take 30% of Block 2913B, with Total retaining a 40% operating stake alongside private firm Impact Oil (20%) and state firm Namco (10%). The block lies 150km west of (ie further offshore from) the Kudu Gas field and Impact says that 3D seismic data acquired in 2017 in...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Mauritania: Total Wildcat
...cember 2017), and Shell with two blocks last year (MEES, 27 July 2018) also see Mauritania as a key part of their international exploration portfolio. As for the Pacific Santa Ana, following the completion of Total’s C-18 well, it will plug and abandon former production wells at the Chinguetti field un...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Aramco’s Zombie IPO Laid To Rest, But Sabic Deal Intrigues
...bic, it will allow Aramco to acquire an important asset that it can borrow against. SAUDI ARABIA LEADS IN 2017 AS GCC INTERNATIONAL BOND ISSUANCE SMASHED RECORD ($BN) *TO 20 APRIL. SOURCE: MEES. BONDS TO THE RESCUE OR JUST A BAND-AID? Indeed, with the IPO on hold, all signs po...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
LIA Litigation
...re than $200mn. The claims are “without merit,” says Goldman. The High Court ruled in late July that LIA’s lawsuit against SocGen will be delayed from January 2017 to April after lawyers representing the bank petitioned for more time to complete preparatory work on the case. They cited the on...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
KRG Scrabbles For Cash In Bid To Head Off Investment Hiatus
...neuver is rapidly diminishing. The firm has a $250mn bond due in 2017 and raised a further $40.7mn from a share placing in March this year. The positive side of the ledger is much more flimsy with the firm’s cash reserves halving from $127mn to $64mn over the three months to end-June. First half lo...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015