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The most recent oil and gas industry financial headlines.
Kerogen Capital Raises $830M In Second Energy Fund
Friday, August 26, 2016 - Private equity firm Kerogen Capital secures $830 million in its second energy fund, taking its total assets under management to over $2 billion since inception.
Reach Energy Secures SCM's Approval to Buy Stake in Kazakh O&G Firm
Friday, August 26, 2016 - Reach Energy secures Securities Commission Malaysia's (SCM) approval for its acquisition of a stake in Palaeontol B.V., which owns an onshore oil and gas block in Kazakhstan.
Analysts: US E&P CAPEX Hits Bottom
Friday, August 26, 2016 - Analysts say US E&P CAPEX has bottomed out, setting the stage for production growth as early as this year.
San Leon Raises Funds for OML 18 Interest Acquisition
Friday, August 26, 2016 - San Leon Energy plc raises $221.4 million through an issue of 378,400,000 new ordinary shares, the net proceeds of which will be used to secure a 9.72% interest in OML 18.
Russia's Gazprom Neft Q2 Net Profit At 48.9B Rbls
Thursday, August 25, 2016 - Gazprom Neft, one of Russia's top oil producers, made a net profit of $752 million in Q2.
Filing Bankruptcy, Key Energy Expects to Remain Public Company
Thursday, August 25, 2016 - Key Energy is the latest in a long line of oilfield service companies to file for a reorganization of its debts and assets, extending the bankruptcy streak that's burdened oil and gas for almost two years.
China Oil Giants Unmoved By Bull Rally After Worst Earnings
Thursday, August 25, 2016 - After posting their worst-ever half-year results, two of China's oil giants aren't getting carried away by crude's return to a bull market, forecasting a rocky path ahead.
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