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The most recent oil and gas industry financial headlines.
John Wood Group Sees Weak First Half On Fewer Projects
Thursday, June 29, 2017 - John Wood Group Plc says fewer projects and modifications work, particularly in the North Sea region, weighed on its first half.
Tullow Pays Down Debt, Raises Profit In First Half Under New CEO
Wednesday, June 28, 2017 - Tullow Oil further reduces debt in the first half of the year after a surprise cash call in March and made a small increase in gross profit over the period.
Russia's Russneft Looking To Clinch Oil Hedging Deal With VTB
Tuesday, June 27, 2017 - Russneft is looking to clinch an oil hedging deal with VTB, Russia's second biggest bank.
Russians Drop Texas Oil Bid, Averting Trump Security Review
Monday, June 26, 2017 - LetterOne's L1 Energy unit recently walked away from a deal to buy Texas oil producer over concerns the plan could be rebuffed by the CFIUS.
Portugal Investigating Fraud Linked To Venezuela PDVSA Funds, PDVSA Says
Monday, June 26, 2017 - Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA that were channeled through now-defunct Portuguese bank Banco Espirito Santo between 2009-2014.
Hellenic Petroleum Five-Month Pretax Profit At 246MM Euros
Friday, June 23, 2017 - Greece's biggest oil refiner Hellenic Petroleum had a pretax profit of 246 million euros ($274.8 million).
Essar Oil's Creditors Approve $12.9B Rosneft Takeover
Friday, June 23, 2017 - Creditor banks to India's Essar Oil approve the acquisition of the company by a group including Russia's Rosneft.
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