(Reuters) - The world's top trading houses appear to be quickly turning into commodity finance banks, by lending billions of dollars to clients as a decades-long dominance of French banks shrinks. Read full story › Source: Reuters  

Madagascar Oil is pleased to announce that the Company’s wholly-owned subsidiary, Madagascar Oil S.A. (”Madagascar Oil SA”), has been advised, via a “Communique de Presse: Conseil des Ministres” (the “Communique”), that the decree approving test sales of Tsimiroro crude oil in the local market was approved at a meeting of the Council of Ministers on […]

On 23 May 2014, the boards of Rockhopper Exploration plc ("Rockhopper") and of Mediterranean Oil & Gas plc ("MOG") announced that they had reached agreement on the terms of a recommended acquisition under which Rockhopper will acquire the entire issued and to be issued ordinary share capital of MOG (the "Acquisition").  The Acquisition is to be […]

The new and tighter financial regulation that has been introduced gradually since the banking crisis, such as Dodd frank and EMIR, is having the well-publicised consequence that US and European banks are withdrawing from providing market-making and financing services in the independent E&P and refining sectors. Independent oil companies (IOCs) are therefore seeing fewer competitors […]