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The most recent oil and gas industry financial headlines.
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.
Thai PTTEP 2Q Profit Plunges on Forex, Oil Hedging Losses
Thursday, July 23, 2015 - PTT Exploration and Production PCL (PTTEP), Thailand's largest oil and gas explorer, says its second quarter net profit slumped 94 percent, dragged by a fall in revenue, and foreign exchange and oil hedging losses.
PGS Reveals $80 Million Year-on-Year Revenue Loss in 2Q 2015
Thursday, July 23, 2015 - PGS reveals a revenue loss of over $80 Million in 2Q 2015, compared to the same period last year.
Chesapeake Energy Suspends Dividend Payments
Tuesday, July 21, 2015 - Chesapeake says it will suspend dividend payments starting in the current quarter to save up to $240 million a year.
FT: Shell Expected to Reduce Capex for the Year
Monday, July 20, 2015 - Shell, which is all set to acquire rival BG, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reports.
FT: Shell Expected to Reduce Capex for the Year
Monday, July 20, 2015 - Shell, which is all set to acquire rival BG, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reports.
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