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The most recent oil and gas industry financial headlines.
Nostrum Withdraws Tethys Takeover Offer, AGR Proposes Share Deal
Wednesday, October 07, 2015 - AGR Energy Holdings Limited issues a non-binding letter of intent to acquire $20 million worth of Tethys shares, following the withdrawal of Nostrum Oil & Gas plc's offer to acquire the entire issued share capital of Tethys.
Shell CEO Doing All to Safeguard Dividends Amid Low Oil Prices
Tuesday, October 06, 2015 - Shell is "puling out all the stops to safeguard" its dividend in a world where oil prices remain "lower for longer," CEO Ben Van Beurden says.
Brazil's Petrobras Cuts Spending Plan for 2nd Time in 3 Months
Tuesday, October 06, 2015 - Petrobras, struggling with the biggest debt load among global oil firms, cuts $11 billion from capital spending plans for this year and next as Brazil's currency and oil prices slump.
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.
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