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The most recent oil and gas industry financial headlines.
CNPC Plans Backdoor Listing of Engineering Arm Amid Shakeup
Friday, May 27, 2016 - China National Petroleum Corp., the country's biggest oil and gas producer, plans a backdoor listing of its engineering assets through a Shanghai-listed petrochemical material supplier and processor it controls.
Malaysia's ICON Posts Revenue of $12.8M in 1Q 2016, Down 18.5% YOY
Friday, May 27, 2016 - Malaysia's offshore service vessel provider ICON Offshore posts an 18.5 percent year-on-year fall in revenue for first quarter 2016 to $12.8 million due to lower fleet utilization and charter rates.
Govt's Rosneft Stake Can't Be Sold On Open Market
Thursday, May 26, 2016 - Kremlin economic adviser Andrei Belousov says the government's stake in top oil producer Rosneft could not be sold on the open market.
Sino G&E Continues to Derisk China Ordos Basin Gas Development Project
Thursday, May 26, 2016 - Sino Gas & Energy continues to derisk the Ordos Basin gas development project in China, with its first offshore remittance of gas sales proceeds.
Chevron-Led Kazakh Venture May Borrow For $37B Project
Thursday, May 26, 2016 - Chevron-led joint venture Tengizchevroil may take out loans and issue bonds to finance its $37 billion expansion project.
Blackstone Gives Pricey Canadian Energy and Property Thumbs Down
Wednesday, May 25, 2016 - Canada's energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the US and elsewhere, according to the president of Blackstone Group, the world's largest alternative-asset manager.
Oil Investor Zukerman Dodged $45M in Taxes, US Says
Wednesday, May 25, 2016 - Morris Zukerman spent 16 years at Morgan Stanley, overseeing its energy and merchant banking practices, before starting his own investment firm in the late 1980s. Along the way, he evaded more than $45 million in taxes, the US now alleges.
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