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The most recent oil and gas industry financial headlines.
Austria's OMV Says Iran Owes It $48 MM
Thursday, May 25, 2017 - The National Iranian Oil Company (NIOC) still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger says.
Sinochem No Longer Pursuing Stake Buy In Noble Group
Monday, May 22, 2017 - Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, 3 sources familiar with the matter told Reuters.
Russian Government Still Hopes For Dividends From Rosneftegaz
Thursday, May 18, 2017 - Russia hopes to receive dividend payout from state-controlled Rosneftegaz for 2016 despite the energy holding company registering a loss last year.
Gazprom 2016 Dividend Payout To Be No Less Than Last Year
Wednesday, May 17, 2017 - Russian gas giant Gazprom will pay at least the same amount in dividends on 2016 results as the year earlier, TASS news agency quotes Russian Deputy Prime Minister Arkady Dvorkovich as saying.
OGCI Appoints CEO of OGCI Climate Investments
Wednesday, May 17, 2017 - The Oil and Gas Climate Initiative (OGCI) appoints Dr. Pratima Rangarajan as the chief executive officer of its newly-formed investment company, OGCI Climate Investments.
Egypt Will Make $750MM Debt Payment To Oil Companies On June 1
Tuesday, May 16, 2017 - Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer says.
US Shale's Favorite Financial Trick Is Getting Less Attractive
Friday, May 12, 2017 - US drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.
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