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The most recent oil and gas industry financial headlines.
Canadian Oil Sands Producer Athabasca Oil Cuts Capex
Friday, July 31, 2015 - Canada's Athabasca Oil, which processes oil sands to produce crude, says it would cut its capital expenditure by nearly 5 percent as oil prices stay low.
TGS: $65 Million Revenue Loss in 2Q 2015
Thursday, July 30, 2015 - TGS reveals a net revenue loss of $65 million in the second quarter of 2015, compared to the same period last year.
Technip Swings to Loss As Oil Industry Downturn Lasts
Thursday, July 30, 2015 - Technip swings to a loss in the second quarter after Europe's biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.
Kazakh Wealth Fund to Sell 10% in State Oil Firm KMG to Central Bank
Wednesday, July 29, 2015 - Kazakhstan's sovereign wealth fund will see 10 percent of its shares in state oil firm KazMunaiGas to the country's central bank.
Samsung Heavy Reports Quarterly Operating Loss of $1.3B
Wednesday, July 29, 2015 - Samsung Heavy Industries Co., South Koreas third-largest shipbuilder, reports an operating loss of $1.3 billion in the second quarter, far worse than analysts were expecting.
SBM Completes $1.55B Financing of FPSO Cidade de Saquarema
Tuesday, July 28, 2015 - SBM Offshore completes $1.55 billion financing of FPSO Cidade de Saquarema, which will deploy for work in the Lula field offshore Brazil when ready.
Default Worries Close Bond Market Door To E&P Names
Friday, July 24, 2015 - US oil exploration and production firms are again seeing their access to debt capital markets shrink, after a slide in oil prices put worries about defaults back on the radar.
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