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The most recent oil and gas industry financial headlines.
Afren to Receive $93 Million Cash Boost Following Revenue Decrease
Friday, May 29, 2015 - Afren announces that it will receive an extra $93 million in net cash proceeds, following a difficult financial year.
Songa Offshore Reports Total Revenue Decrease in 1Q 2015
Friday, May 29, 2015 - Songa Offshore reports that total revenue for the company decreased from $154.7 million in 1Q 2014 to $108.3 million in 1Q 2015.
American Energy Partners Units Seek Bonds Deals in Oil Slump
Wednesday, May 27, 2015 - Two oil and gas units of Aubrey McClendon's American Energy Partners LP are seeking bond deals after cutbacks in planned production.
Providence Resources Reports $12 Million Loss in 2014
Wednesday, May 27, 2015 - Providence Resources reports a loss of $12.4 million dollars in its preliminary results for the year ended December 31, 2014.
Bumi Armada's 1Q 2015 Net Profit Up 11.2% to $19M, Lifted by FPSO Segment
Wednesday, May 27, 2015 - Bumi Armada posts an 11.2 percent increase in net profit for first quarter 2015 to $18.5 million, with gains due mainly to contributions from its floating production business.
Range Resources Secures Funding Deal with Chinese Investment Group
Tuesday, May 26, 2015 - Range Resources signs Memorandum of Understanding with Beijing Sibo Investment Management, which could unlock up to $35 million of funding.
ONGC Videsh's FY 2015 Net Profit Falls 57% Due Mainly to Lower Oil Prices
Tuesday, May 26, 2015 - ONGC Videsh recorded a 57.16 percent decline in net profit for financial year 2015 that ended March 31 due mainly to lower oil prices.
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