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The most recent oil and gas industry financial headlines.
Galp Cuts Investment Plan, Sees Higher EBITDA Growth
Tuesday, February 21, 2017 - Galp Energia cuts its spending target for the next 5 years by around 20% and trims its output growth forecast.
India Top Oil Explorer Takes Profit Hit From Royalty Payments
Tuesday, February 21, 2017 - India's Oil and Natural Gas Corp will take a $239 million hit to its quarterly earnings to account for previous royalty payments to Indian states.
UAE's Dana Gas Revises 2016 Results Down To Net Loss Of $88 Million
Monday, February 20, 2017 - Dana Gas revised down its unaudited preliminary results for 2016 to a net loss of $88 million, from the net profit of $33 million which it had previously reported.
Cenovus Energy Swings To Profit As Production Rises
Thursday, February 16, 2017 - Canadian oil company Cenovus Energy Inc swings to a quarterly profit, as production rises and costs fall.
OMV Raises Dividend By 20% As Cash Pile Grows
Thursday, February 16, 2017 - Austrian oil and gas group OMV raises its dividend by 20% as free cash flow turned positive last year.
FTC Approves Enbridge Deal To Buy Spectra With Conditions
Thursday, February 16, 2017 - Enbridge and Spectra Energy have won US antitrust approval for a $28B merger that will create the largest North American energy infrastructure company.
FTC Approves Enbridge Deal To Buy Spectra With Conditions
Thursday, February 16, 2017 - Enbridge and Spectra Energy have won US antitrust approval for a $28B merger that will create the largest North American energy infrastructure company.
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