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The most recent oil and gas industry financial headlines.
Eni Makes Progress on $8B Asset Sales Goal
Friday, April 29, 2016 - Eni is on track to sell assets worth 5 billion euros in the next two years as the oil major looks for resources to fund high-profile projects in Egypt and Mozambique and offset the impact of lower oil prices.
CNOOC's 1Q 2016 Revenue Falls to $3.8B, Down 30.7% YOY
Friday, April 29, 2016 - CNOOC's revenue falls to $3.8 billion in the first quarter of 2016, down 30.7 percent from last year as low oil prices continue to weigh on the firm's turnover.
Russia's Yamal LNG Signs $12B Of Loan Deals With Chinese Banks
Friday, April 29, 2016 - Russia's Novatek-led Yamal LNG signs loan agreements with Chinese banks worth $10.6 billion and $1.5 billion, Yamal LNG says.
Eland to Raise Funds for Gbetiokun-1 Well in Nigeria
Friday, April 29, 2016 - Eland Oil & Gas plc aims to raise approximately $15 million through a placing of its shares in order to fund operations at the Gbetiokun-1 well in Nigeria.
China's Biggest Oil Company Posts 52% Decline In 2015 Profit
Thursday, April 28, 2016 - China National Petroleum Corp., the country's biggest oil and gas producer and the parent of PetroChina, says profit fell 52 percent as lower oil prices punished global explorers.
Term Sheet: Seadrill Sells Stake In Sapurakencana Petroleum For $198M
Thursday, April 28, 2016 - Seadrill sold its 8.2 percent stake in Malaysia's Sapurakencana Petroleum for $198 million.
Term Sheet: Seadrill Sells Stake In Sapurakencana Petroleum For $198M
Thursday, April 28, 2016 - Seadrill sold its 8.2 percent stake in Malaysia's Sapurakencana Petroleum for $198 million.
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