Saturday, June 13, 2026

Completion of RBL Redetermination – Significant Increase in Borrowing Capacity

OSLO, Norway, June 19, 2020 /PRNewswire/ —  Norwegian Energy Company ASA (“Noreco” or the “Company”) is pleased to announce that its bank group has completed the scheduled June 2020 semi-annual borrowing base redetermination under the Company’s USD 900 million senior secured Reserve Based Lending Facility (the “Facility” or the “RBL”), which has resulted in Noreco’s borrowing base increasing by USD 188 million from USD 751 million at end December 2019 to USD 939

U.S. sanctions hit global oil fleet as traders shun nearly 300 tankers- oilandgas360

U.S. blacklists Mexican shipping network working with Venezuela to evade sanctions

The Trump administration has imposed sanctions against a shipping network of Mexican companies and nationals it accuses of working with the embattled government of Venezuelan President Nicolas Maduro to evade U.S. sanctions. Three Mexicans, eight companies and two oil tankers have been blacklisted for their efforts to evade U.S. sanctions imposed on the Venezuelan oil sector through a so-called oil-for-food