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The most recent oil and gas industry financial headlines.
Saipem Shares Fall On Tough Year Ahead Outlook
Friday, February 24, 2017 - Shares in Saipem fell sharply in early trade on Friday after the oil contractor missed 4Q profit expectations and painted a gloomy picture for the industry for the year ahead.
Norway Has No Plan To Cut Statoil Stake
Wednesday, February 22, 2017 - The Norwegian government does not plan to cut its stake in Statoil, oil and energy Minister Terje Soeviknes says.
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.
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Brent Crude Oil : $56.58/BBL 1.32%
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