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The most recent oil and gas industry financial headlines.
Wood Group Says Engineering Profit To Drop In 2014
Thursday, December 12, 2013 - Wood Group says it expected to meet forecasts for 2013 growth, but warned that profits from its engineering division would be down by between next year.
Spain's CEPSA Takes 25% Share in Suriname Offshore Block
Thursday, December 12, 2013 - Staatsolie says the local subsidiary of CEPSA has acquired a 25% share in an offshore oil block where Staatsolie is partnered with Apache of the United States.
Ultra Petroleum Notes Pricing of $450M Senior Note Offering
Friday, December 06, 2013 - Ultra Petroleum announces the pricing of its private placement of $450 million aggregate principal amount of 5.75 percent senior unsecured notes due 2018 at par.
Schlumberger Sees 2% Fourth-Quarter Profit Hit From Iraq shutdown
Tuesday, December 03, 2013 - Schlumberger expects the temporary shutdown of its operations in southern Iraq last month in a "security incident" to reduce 4Q profits about 2%.
TAQA's Moroccan Unit to Launch IPO Dec. 10
Tuesday, December 03, 2013 - Abu Dhabi National Energy Company gets the go-ahead to float its Moroccan power subsidiary Jorf Lasfar Energy.
Genel Energy To Spend $500M Exploring In Five Countries
Friday, November 22, 2013 - Genel Energy is planning to invest $500 million for exploration activities in Ethiopia, Somaliland, Ivory Coast, Malta and Morocco in the next two years.
Mexico Spends $450 Million To Hedge Oil, Eyes Extension
Thursday, November 14, 2013 - Mexico has completed its original oil hedging program for 2014, but is looking at the possibility of extending it after raising the oil revenue forecast, Finance Minister Luis Videgaray says.
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