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The most recent oil and gas industry financial headlines.
Thailand's PTTEP Q2 Profit More Than Doubles, Beats Forecast
Thursday, July 28, 2016 - PTT Exploration and Production, Thailand's largest oil and gas explorer, says its quarterly net profit more than doubled, helped by lower expenses.
Singapore Banks' Concerns Grow about Oil, Gas Sector Exposure
Thursday, July 28, 2016 - Two of Singapore's top banks flag mounting concerns about loans to the oil and gas sector.
Saipem Cuts Guidance as Project Delays Take Toll
Wednesday, July 27, 2016 - Italian oil contractor Saipem cut its guidance for the year, saying clients hit by low oil prices were delaying the awarding of contracts.
Tullow Returns to Profit as Cost Cuts, Hedging Pay Off
Wednesday, July 27, 2016 - Africa-focused Tullow Oil returns to profit in the first half of the year despite weaker oil prices and lower production.
State Media: China's CNPC To Cut 2016-2020 Annual Investment By Around 40%
Wednesday, July 27, 2016 - China National Petroleum Corp. (CNPC) will cut its annual investment between 2016 and 2020 to about $39 billion, down around 40 percent from the 2011-2015 period, state media says.
InterOil Founder Calls for Insider-Trading Probe of Directors
Tuesday, July 26, 2016 - InterOil founder and former CEO Phil Mulacek callS on US and Canadian regulators to investigate his claims that several directors may have engaged in insider trading during talks with Exxon Mobil.
Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth
Tuesday, July 26, 2016 - Oil and gas companies will achieve cash flow neutrality at $50 per barrel Brent crude this year, but have damaged their growth prospects to meet this goal.
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Brent Crude Oil : $43.47/BBL 3.12%
Light Crude Oil : $41.91/BBL 2.35%
Natural Gas : $2.67/MMBtu 1.47%
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