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The most recent oil and gas industry financial headlines.
AGR Demands Speedy Loan Repayment from Tethys Petroleum
Wednesday, November 25, 2015 - AGR Energy sends Tethys Petroleum an 'accelerated repayment notice' in relation to a $7.5-million loan it made to the firm during the spring of this year.
88 Energy Raises Funds Through Oversubscribed Share Placing
Friday, November 20, 2015 - 88 Energy Limited successfully raises $3 million through a "strongly oversubscribed" share placing.
Thai PTT Cuts 2015 Investment Budget To $1.4 Billion
Friday, November 20, 2015 - PTT has cut its 2015 estimated investment budget to $1.4 billion, mainly due to a postponement in new overseas investments.
Petrobras' Dangerous Debt Math: $24B Owed in 24 Months
Thursday, November 19, 2015 - The debt clock is ticking down at Brazil's troubled oil giant, Petrobras. Next up: $24 billion of repayments over 24 months.
Crowdfunding Platform Officially Launches
Friday, November 13, 2015 - EnergyFunders officially launches crowdfunding platform, which will allow accredited and non-accredited investors to directly fund oil and gas projects.
Linn Energy Exploring Debt Options To Weather Oil Collapse
Friday, November 13, 2015 - Indebted Linn Energy LLC is exploring distressed restructuring options with Barclays as stubbornly low oil and natural gas prices test its ability to service $10 billion of debt after next year, according to sources with knowledge of the matter.
Peru To Cut Oil, Gas Royalties To 5% To Counter Price Slump
Wednesday, November 11, 2015 - Peru is reducing royalties on oil and gas production to about 5% on average from the current 20% in order to encourage exploration amid slumping prices, the government says.
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