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The most recent oil and gas industry financial headlines.
China's CNOOC Reports Worst Result Since 2011, Forecasts Output Rise
Thursday, March 23, 2017 - China's offshore oil and gas producer CNOOC Ltd reports its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17% last year.
Union Leader: Argentina's Tecpetrol To Invest $2.3B In Vaca Muerta
Thursday, March 23, 2017 - Tecpetrol will invest $2.3 billion in the Vaca Muerta shale fields through 2019, Guillermo Pereyra, a union leader and senator says.
Maersk Reaches Key North Sea Tax Deal With Denmark
Wednesday, March 22, 2017 - A.P. Moller-Maersk reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025.
Petrobras Raises Asset Sale Goal To $21B For 2017-2018 Period
Wednesday, March 22, 2017 - Petrobras raises a goal for asset divestitures and partnerships for 2017 and 2018 to $21 billion from $19.5 billion.
Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Wednesday, March 22, 2017 - Top bidders included Shell Offshore, Statoil, Chevron and Hess Corp, each offering more than $44 million for access to offshore exploration and production, according to federal records.
Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Wednesday, March 22, 2017 - Top bidders included Shell Offshore, Statoil, Chevron and Hess Corp, each offering more than $44 million for access to offshore exploration and production, according to federal records.
Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Wednesday, March 22, 2017 - Top bidders included Shell Offshore, Statoil, Chevron and Hess Corp, each offering more than $44 million for access to offshore exploration and production, according to federal records.
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