Energy

Gulfsands wind down operations, exits Morocco
Energy

Gulfsands wind down operations, exits Morocco

Gulfsands said it had decided to pull out of Morocco, as it will no longer pursue the Moulay Bouchta petroleum agreement. The company said it will allow it to focus its management and capital resources in the Levant region. As previously reported on June 21st 2017, the Moulay Bouchta contract […]

Faroe Petroleum eyes USD100 million debt financing
Energy

Faroe Petroleum eyes USD100 million debt financing

Faroe Petroleum plc has revealed that it making preparations for a possible USD100million debt funding. Spurred on by a successful period of exploration and appraisal work the growing offshore oil group is holding meetings with a number of fixed income investors – specifically it has mandated Danske Bank, DNB Markets […]

Total defends its listing in the Paradise Papers
Energy

Total defends its listing in the Paradise Papers

French oil giant, Total Sa said its mention in the Paradise Papers reports does not mean the company had committed any wrongdoing while denying any direct involvement in keeping funds in tax havens. In a statement released in French, the company said: Total’s establishment of its subsidiaries is not dictated […]