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The most recent oil and gas industry financial headlines.
Kazakhstan Says May Cut Oil Taxes To Spur Investment, Lift Output
Tuesday, September 29, 2015 - The government in Kazakhstan is considering cutting the mineral extraction tax (MET) for some oil fields to try to reverse falling output, a senior energy official says.
SapuraKencana Posts $28M Net Profit in 2Q FY16, Down 61% from 1Q FY16
Tuesday, September 15, 2015 - SapuraKencana Petroleum's revenue rises 22.9 percent gain in the second quarter that ended July 31 to $762 million, but profit after tax falls 61.1 percent to $28 million due to provision for impairment of its oil and gas assets.
Petrobras Says Project Financing Unaffected by S&P Downgrade
Friday, September 11, 2015 - Petrobras says its financing is sufficient to fund projects in the medium term, despite the downgrade of the company's credit rating by Standard & Poor's.
China to Lend $12B to Novatek-Led Yamal LNG
Friday, September 11, 2015 - Chinese banks are expected to lend $12 billion to the Novatek-led Yamal LNG project, according to Novatek Chief Executive Leonid Mikhelson.
KMG EP Receives $156M Tax Bill from Kazakhstan Authorities
Wednesday, September 09, 2015 - The Kazakhstan tax authority has charged KMG EP an additional $156 million, following the completion of an audit that commenced in September 2014 for the period between 2009 and 2012.
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