The most recent oil and gas industry financial headlines.
Venezuela PDVSA Swaps $2.8B 2017 Bonds, Gains Financial Breather
Monday, October 24, 2016 - PDVSA says a debt swap allowed it to push back some $2.798 billion in payments originally due next year to 2020, giving the cash-strapped company a financial breather.
Petrobras Sets Up Minority Panel On Transfer of Rights Areas
Monday, October 24, 2016 - Petrobras board approves the creation of an independent committee to allow the state-controlled company's minority shareholders to review planned changes to some of its biggest oil and gas leases.
Russian Oil Firm Rosneft May Buy Own Shares In Stake Sale
Friday, October 21, 2016 - Russia's top oil producer Rosneft can buy some of its shares slated for privatization and re-sell them later, an Economy Ministry official told Reuters on Friday.
GE Cuts Year Revenue Target On Oil, Gas Weakness, Has 3Q Profit Beat
Friday, October 21, 2016 - GE beats analyst profit forecasts in the third quarter, but revenue growth remained sluggish, prompting the company to scale back expectations for full-year revenue and profit.
PDVSA Wants Investors To Tender $600M Extra In Bond Swap
Friday, October 21, 2016 - Venezuela's state oil producer PDVSA wants investors to tender an extra $600 million in a bond swap to reach required levels of participation.
Singapore's Keppel Q3 Profit Falls 38% On Weak Rig Orders
Thursday, October 20, 2016 - Singaporean conglomerate Keppel Corp posted a 38% fall in third-quarter profit, hurt by weak orders for its rigs due to a slump in oil prices.
Bashneft Shareholder Says Received Assurances From Rosneft
Thursday, October 20, 2016 - Russian oil major Rosneft agrees to uphold all its commitments to the Russian region of Bashkortostan after taking over mid-sized oil firm Bashneft.
|Brent Crude Oil :||$51.78/BBL||0.77%|
|Light Crude Oil :||$50.85/BBL||0.83%|
|Natural Gas :||$2.99/MMBtu||4.77%|
|Updated in last 24 hours|